Jun 05 (Friday)

YRI
YRI video podcast: Gasoline demand is V-shaped, but usage of other petroleum products looking weak.
Morning Briefing PDF
Daily Markets

Markets
Stock market today: S&P 500 snaps 4-day winning streak, Nasdaq-100 touches record before retreating | C
Euro Jumps as ECB Expands Bond-Buying Program | W

Central banks
European Central Bank Ramps Up Stimulus Program Beyond $1.5 Trillion | W

US
U.S. Exports, Imports Fell Sharply in April Amid Coronavirus Disruptions | W
Unemployment Claims Hold Steady as Economy Slowly Reopens | W
Thousands are volunteering to be laid off | NN
Mortgage rates are at historic lows — but the coronavirus pandemic is making homes less affordable for buyers | MW
Supply Chains, Safety Protocols Hobble U.S. Factories | W

US politics
Nancy Pelosi: Incremental change is not enough in response to unrest | C

Japan
Japan’s household spending falls at record pace in April on pandemic hit | R

Geopolitics & trade
The death of globalisation has been announced many times. But this is a perfect storm | The Guardian
Russia’s Putin Declares Emergency Over Massive Arctic Fuel Spill | W

Industries & companies
Airlines: U.S. to revise Chinese passenger airline ban after Beijing move | R
FAANGs: Amazon licenses Slack for workers as Slack adopts AWS video-call tech | C
FAANGs: Elon Musk Calls for Amazon Breakup in Latest Spat With Jeff Bezos | W

Virus
U.S. coronavirus cases have been slowly ticking up since Memorial Day | C
Coronavirus: CDC is worried Americans aren’t following its advice as U.S. cases continue to rise | C
Getting the Coronavirus Twice Is Highly Unlikely (in the Short Term) | Elemental
Hope dims for hydroxychloroquine even as medical study detailing the drug’s failure is retracted | MW

Corporate finance
ZoomInfo rockets over 80% in first tech IPO of Covid-19 era | C
Amwell files for IPO confidentially | C

Offbeat
Planning for the Post-COVID-19 Workforce: Four Scenarios | Wharton
NYU Eyes Thousands of Hotel Rooms for Socially Distanced Dorms | B