May 27 (Wednesday)

YRI
Morning Briefing PDF 
Daily Markets

Markets
Stock market today: Dow rallies 500 points as Wall Street cheers on the economy reopening, JPMorgan jumps C
Optimism Over Reopening Pushes Stocks Higher W
Oil Prices Rally on Hopes for Economic Recovery W
America’s Season for Peak Fuel Demand Starts Off With a Whimper B
Lumber Prices Rebound From Coronavirus Decline W

Central banks
Fed’s Bullard Sees Jobless Rate Returning Below 10% by Year-End B

US
U.S. Recession 2020: When Will the Economy Recover?
Dimon Sees Good Chance for a Rapid U.S. Economic Recovery B
U.S. Home-Price Growth Accelerated in March W
A staggering number of laid-off workers are receiving MORE money from unemployment benefits than when they were employed MW
Here are 3 reasons why millennials are being hit especially hard economically by the coronavirus C

US politics
Coronavirus stimulus: Mitch McConnell discusses Congress relief bill C
Coronavirus: DOJ investigates Burr stock sales, drops Loeffler, Feinstein probes C

Europe
Europe Is Subsidizing Millions of Paychecks. Companies Want to Keep It That Way, for Now. W

Geopolitics & trade
U.S. Weighs Santions on Chinese Officials, Firms Over Hong Kong B
U.S. Moves to Audit Chinese Firms. Market Frets Over What Comes Next. W

Virus I
Pandemic Lockdowns Loosen as U.S. Deaths Near 100,000 W
When Will NYC Reopen? Cuomo Speeds Up Penn Station, LGA Work B
Coronavirus: New Yorkers are ‘going to see pain in this new economy,’ Gov. Cuomo warns C
California to allow hair salons and barbershops to reopen in majority of state’s counties, Gov. Newsom says C
A Socially Distant Las Vegas? What Are the Odds? N

Virus II
Race Is On to Create Rapid Covid-19 Tests for the Fall W

Offbeat
Elon Musk’s SpaceX Readies First Astronaut Launch by Private Firm W
California Activists Ramp Up Fight Against Facial-Recognition Technology W