Jun 03 (Wednesday)

YRI
YRI Video Podcasts are back: Consumers’ huge cash stash set to fuel V-shaped recovery.
Morning Briefing PDF
Daily Markets

Markets
Stocks futures rise as Wall Street grows optimistic about economy reopening C
Why stocks could keep going higher even with massive unrest across America C
Amid disease, riots and rising U.S.-China tensions, the stock market keeps it cool MW
China and Europe ‘bailed our stock market out,’ Jim Cramer says C
Cleaning Up Toxic Loans Was Meant to Be a Great Investment. Then Coronavirus Hit. W
Bond Traders in Japan Can’t Stop Fretting Over Long-End Supply B

Central banks
Negative interest rates could be needed for a ‘V’ recovery, Fed economist says C

Japan
Japan’s service sector activity shrinks for fourth month in May: PMI R

US politics
White House Weighs Options for Next Stimulus Bill W

Geopolitics & trade
U.S. Weighs Tariffs Against Nations Seeking to Tax Internet Firms W

Industries & companies
FAANGs: Amazon plans summer sale for June 22 to ‘jumpstart sales’ C
Financials: Wells Fargo cuts back from making loans to independent car dealerships C
Retail: Adidas Voices Solidarity While Closing Its Stores N
Tech: Microsoft Takes On Zoom and Slack in a Battle for Your Work Computer W
Tech: Zoom revenue grew 169% during the quarter, and the company doubled its revenue guidance for the year C

Virus
U.S. Investors, Take Note: Korea and Taiwan Show How the Virus Restrains Economic Activity BR
Heart Drugs Show Promise With Covid-19 Complications W
Dr. Anthony Fauci says there’s a chance coronavirus vaccine may not provide immunity for very long C
At-Home Covid-19 Testing Arrives, With Accuracy and Access Questions W

Corporate finance
Warner Music, ZoomInfo Poised to Boost IPO Market W