May 20 (Wednesday)

YRI
Morning Briefing PDF 
Daily Markets

Markets
Stocks Finish Lower After Late Drop W
Return of Car Traffic Fuels Surge in Oil W
European Borrowing Costs Drop on Proposed Coronavirus Fund W

Central banks
Powell says GDP could drop 30%, but he doesn’t see another Depression C
Fed’s Rosengren says U.S. unemployment rate could remain at double-digit levels by end of year R
Fed’s Barkin says officials still ‘riding blind’ in assessing reopening: interview R

US
CBO projects 38% drop in GDP, $2.1 trillion increase in the deficit C
California Task Force calls on Congress for $1 trillion in coronavirus aid C
Coronavirus bailout: Regulators ease restrictions on mortgage program C

US politics
Next Wave of Coronavirus Stimulus Payments Hinges on Debate Over Reopening Economy W
Mnuchin Says Treasury Ready to Provide More Money, Take More Risk in Fed Lending Programs W
Mnuchin: U.S. ‘fully prepared to take losses’ on coronavirus bailouts C
Trump says he will sign order to cut federal regulations R

Industries & companies
Casinos: Gamblers Drive Hours and Wait in Lines, as Casinos Reopen Amid Coronavirus W
Media: Disney+ Loses Its Architect as New Rivals Launch W
Pharma: Trump administration awards contract to make COVID-19 drugs in U.S. R
Real Estate: Commercial Real Estate’s Havens Suddenly Not So Safe W
Retail: Don’t Be Spooked by Walmart’s Rising Costs W
Retail: Home Depot Reports Higher Revenue Despite Coronavirus Impact W
Retail: Kohl’s CEO: This is ‘low point’ of 2020, as margins hit by coronavirus C

Virus I
All states will be partially reopened by Wednesday despite at least 17 seeing coronavirus case rates rise NN
CDC publishes flowcharts to help communities and businesses weighing whether to reopen NN
New York’s coronavirus outbreak is back to where it started, Gov. Andrew Cuomo says C

Virus II
Experts say Moderna didn’t produce data critical to assessing vaccine C
Children with COVID-19 may be less contagious than adults, two UK epidemiologists say R
Wearing a mask can significantly reduce coronavirus transmission: Study C
Elderly home turns to wearables for contact tracing, sidestepping Apple-Google limits R

Virus III
Hydroxychloroquine coronavirus: FDA appears to soften stance on drug after Trump says he takes it C
Trump told to wear coronavirus mask for Ford factory visit C
Trump defends his use of unproven treatment for coronavirus R

Corporate finance
SoftBank Plans to Seek Buyers for About $20 Billion of its T-Mobile Shares W

Offbeat
20 Ways Tech Can Keep Your Kids Engaged and Learning This Summer W
How coronavirus is causing mountains of food waste C
Can France Say Hello Without a Kiss on the Cheek? W
For our health and economic survival, we need to get outside P