May 29 (Friday)
YRI
YRI video podcasts are back. Here is the latest one on the rebound in gasoline usage.
Morning Briefing PDF
Daily Markets
Markets
Stock market today: Dow falls for the first time in 3 days, drops 100 points on U.S.-China tensions C
Why one stock-market bull, who called the bounce off March lows, now sees the S&P 500 rising another 7% by August MW
Stock futures are flat ahead of Trump’s U.S.-China news conference on Friday C
Credit & commodities
U.S. Corporate Bond Sales Smash Record, Soaring Over $1 Trillion B
A $2 Trillion Debt Deluge is Set to Flatten Japan’s Yield Curve B
Oil Prices for May 29, 2020: Brent Crude, WTI B
Global Glut Keeps a Lid on Natural-Gas Prices W
Central banks
Why it might be a gamble for companies to borrow directly from the Fed MW
US
Easing Unemployment Claims Show Slower Pace of Coronavirus-Related Layoffs W
The extra $600 Americans receive in weekly unemployment benefits ends in July — how that could cost the U.S. more jobs MW
New Jersey May Have to Fire 200,000 Public Workers, Murphy Says B
White House Won’t Issue Economic Projections This Summer, Official Says W
China
China Loosens Business Travel From Korea and Germany, Pressuring Other Countries W
Behind the Fall of China’s Luckin Coffee: a Network of Fake Buyers and a Fictitious Employee W
US politics
Trump targets social media with executive order after Twitter fact-checks him C
Trump move could scrap or weaken law that protects social media companies R
U.S. senators offer bill to prepare for the next pandemic R
A second round of stimulus checks could be coming. How to prepare C
Coronavirus stimulus: House passes changes to PPP small business loans C
Geopolitics & trade
Trump Says He’ll Announce China Moves in Friday News Conference B
China Votes to Override Hong Kong’s Autonomy on National Security W
China’s Cash Cow—How Hong Kong Bankrolls the Mainland W
Industries & companies
Autos: Musk gets first tranche of multimillion-dollar Tesla incentive payout C
Autos: GM Plans to Ramp Up Plants With Dealers Running Low on Pickups B
Energy: Coronavirus Outbreaks Threaten Oil Majors’ Biggest Projects W
FAANGs: Amazon to Keep Most of the Jobs It Added During Pandemic W
Logistics: UPS adds ‘peak’ surcharge amid coronavirus fueled delivery spike R
Retail: Costco (COST) Q3 2020 earnings C
Retail: Nordstrom (JWN) reports Q1 2020 net loss C
Retail: Dollar Tree CEO Gary Philbin on how long coronavirus demand can last C
Tech: Salesforce (CRM) earnings Q1 2021 C
Virus
The World Is Still Far From Herd Immunity for Coronavirus N
Antibody Tests and Accuracy Issues Leave Some Americans With More Questions Than Answers W
Extent of Covid-19 Deaths Failed to Be Captured by Most Countries W
FDA authorizes Quest’s coronavirus test with at-home sample collection C
Coronavirus live updates: San Francisco releases reopening timeline C
California hospitals struggle financially after preparing for COVID-19 surge that never came R
Despite Hype, There’s Little Evidence Remdesivir Works
Technology
Cisco acquires ThousandEyes to make deeper push into software C
Offbeat
Unrest erupts again after death of George Floyd, Minnesota governor activates National Guard C
Coronavirus fraud: Feds bust scheme to sell imaginary N95 masks C
As States Reopen, the Boss Wants to Know What You’re Up To This Weekend W
