May 30 (Saturday)
YRI
YRI video podcasts are back. Here is the latest one on the rebound in gasoline usage.
Morning Briefing PDF
Daily Markets
Markets
Stocks Notch Big Monthly Gains W
Oil jumps nearly 90% in May to $35, registering best month on record C
Central banks
Fed’s Powell fears second coronavirus wave, reiterates crisis-fighting pledge R
Federal Reserve Discloses Holdings of $1.3 Billion in Exchange-Traded Funds W
Days from launch, Fed officials eye ‘Main Street’ program expansion R
Fed’s Kaplan Says Strong Virus-Testing Regime Needed to Boost Confidence W
Powell Says Fed Crossed Red Lines When Virus Demanded Action B
US I
Forget Swooshes and V’s. The Economy’s Future Is a Question Mark. N
Expect more shocking economic data in the week ahead with the unemployment rate set to near 20% C
The Real Economic Opening We Need by John B. Taylor
Is Inflation Dead? Some Investors Bet It Could Roar Back W
US II
U.S. Consumer Spending Plunges While Stimulus Boosts Incomes B
Consumer Spending Fell a Record 13.6% in April W
Surge in U.S. Incomes Masks Fragile Situation for Many Americans B
Coronavirus Aid: Millions Can See Its End, and They’re Scared N
US politics
Coronavirus stimulus: Mitch McConnell says relief bill will be final one C
Trump threat to pull ‘billions’ in internet ad spending is exaggerated C
Exclusive: U.S. taxpayers’ virus relief went to firms that avoided U.S. taxes R
Michael Flynn transcripts released, calls with Russian diplomat detailed C
Geopolitics & trade
Beyond Hong Kong, an Emboldened Xi Jinping Pushes the Boundaries W
Trump taking action to eliminate special treatment for Hong Kong C
Trump administration to study ways to protect for U.S. investors from Chinese firms R
Protectionism Spreads Globally With the New Coronavirus W
Trump says the U.S. will cut ties with World Health Organization C
Industries & companies
Airlines: United cuts 13 execs as travel demand ‘a very long way from where it was’ C
Autos: Pandemic Forces Car Dealers to Do the Unthinkable: Sell Online N
Media: Disney World gets green light to reopen July 11 C
Media: Comcast, Charter and ViacomCBS Join Forces to Make TV Commercials More Targeted W
Retail: Pier 1 Gets Approval From Judge to Liquidate Remaining Stores B
Tech: Tech’s First Big Plan to Tackle Covid-19 Stumbles: ‘An App Is Not Going to Fix This’ W
Virus
NYC and New Jersey, Virus Epicenters, Will Revive in June B
New York Drives Back Coronavirus’s Deadly March W
Blood of Recovered Covid-19 Patients Is Becoming a Hot Commodity W
Novartis Inks Deal to Make Experimental Coronavirus Vaccine W
CDC quietly revised coronavirus warnings on reopening religious sites C
How businesses are trying to protect against coronavirus lawsuits C
Corporate finance
Hertz bankruptcy, distressed rental car market hurts U.S. automakers C
Offbeat
As WeWorks lie empty, coworking spaces face their day of reckoning
Citi Breaks With Rivals on Whether Work From Home Is Permanent B
