May 18 (Monday)

YRI
Morning Briefing PDF 
Daily Markets

Markets
Stock Futures Rise as Powell Says the Fed Is ‘Not Out of Ammunition’ BR
With Earnings ‘Out the Window,’ Investors Turn to Survival Metrics W

Central banks
Fed’s Jerome Powell Says Economy Faces Long, Uncertain Recovery W
How Long Before U.S. Economy Recovers: Fed’s Jerome Powell B
Powell says jobless rate could top 30%, but he doesn’t see another Depression C

US
After Devastating Economic Contraction, Glimmers of Growth Emerge W
Coronavirus News: NYC Mayor Bill De Blasio Hints at Layoffs B

US politics
House Narrowly Passes $3 Trillion Aid Package W
U.S. Expected to Revise Small-Business Aid Program W
PPP loans: Most companies face little risk of punishment, experts say C

Japan
Japan’s Economy Sinks Into a Recession Set to Deepen Sharply B

Geopolitics & trade
Globalisation unwound – Has covid-19 killed globalisation? E
Pandemic Shatters World Order, Sowing Anger and Mistrust in Wake B

Industries & companies
Autos: U.S. auto suppliers need at least $20 billion as plants reopen C
FAANGs: Apple, Google Start to Win Over Europe to Their Virus-Tracking Technology W
FAANGs: Google Hides News, Tricked by Fake Claims W
Wireless: 5G Networks Have Become a New Front in U.S-China Trade War BR
Wireless: 5G Service From Verizon, AT&T, and T-Mobile Is Here. The Networks Look Very Different. BR

Virus I
How Close Are We to a Coronavirus Vaccine? Inside the Race to Stop Covid-19. BR
Coronavirus Vaccine Front-Runners Emerge, Rollouts Weighed W
AstraZeneca Aims for 30 Million U.K. Vaccine Doses by September B

Virus II
As West Cautiously Reopens, New Coronavirus Infection Clusters Emerge in Asia W
The CDC ‘let the country down’ with coronavirus testing, Navarro says C
Europe Has a Plan to Restart Air Travel. You May Not Like It. BR

Corporate finance
Bankrupted JC Penney plans to spin properties into new real estate company C
Behind Royal Caribbean’s Lifeline, a Shrewd Bond Market Maneuver B

Offbeat
Your turn – For hours of escape, invent a board game E