Jun 11 (Thursday)
YRI
YRI video podcast: A Brief Update on Growth vs Value.
Morning Briefing PDF
Daily Markets
Markets I
Stock market today: S&P 500 and Dow fall, but Nasdaq set to close above 10,000 for the first time | C
U.S. Stocks Waver After Fed Statement | W
Nasdaq aims at close above psychological milestone at 10,000, even as the economy is in recession—here’s how we got here MW
Market gone wild: Penny stocks are up nearly 80% on average in the last week | C
Credit & commodities
Oil Prices Defy Supply-Demand Fundamentals | W
Oil and gas ETF paces for best quarter ever, but traders stay cautious | C
Global risk rally has a powerful ally: the weaker dollar | R
Italy Looks to Draw Mom-and-Pop Investors to Bond Market | W
Central banks
Fed vows to support U.S. economy’s ‘long road’ to recovery after dire 2020 | R
Fed sees interest rates staying near zero through 2022, GDP bouncing to 5% next year | C
Mortgage Investors Can Take Heart With Fed Buying ‘Here to Stay’ | B
US
Trump advisor Larry Kudlow: ‘Looks like we’ve hit a turning point’ in economy | C
U.S. inflation subdued with economy in recession | R
Coronavirus Continues to Weigh on U.S. Consumer Prices | W
Coronavirus Pandemic Makes Unemployment Calculation Harder | W
$130 Billion in Small-Business Aid Still Hasn’t Been Used – N
U.S. May deficit nearly doubles to $399 billion | R
US policies
U.S. Treasury chief says considering more direct payments in next coronavirus aid bill | R
Mnuchin Backs More Aid to Hard-Hit Small Businesses | W
Industries & companies
Aerospace: Boeing aims for 737 Max recertification flight by the end of June | C
Autos: Ford introducing all-electric F-150 pickup and Transit van by mid-2022 | C
Autos: Tesla Shares Soar Past $1,000 on Elon Musk’s Plan to Move Forward With Semi Truck | W
FAANGs: Can Rivals Take Advantage of Amazon’s Pandemic Woes? It Isn’t Easy | W
Retail: Zara Owner to Close 1,200 Stores as It Outlines Post-Coronavirus Future | W
Restaurants: Restaurants Parse Extensive and Conflicting Guidance as They Reopen | W
Restaurants: Coronavirus Speeds Up Starbucks Shift to Takeout | W
Tech: Coronavirus Makes AR’s Potential a Reality for Chip Makers | W
Geopolitics & trade
HSBC is taking heat from all sides after backing China on Hong Kong NN
Virus
Will There Be a Second Wave of Coronavirus in U.S.? Latest News | B
Dr. Anthony Fauci says WHO’s remark on asymptomatic coronavirus spread was not correct | C
Coronavirus Vaccine Candidates’ Pivotal U.S. Testing to Start This Summer | W
Corporate finance
Just Eat Takeaway.com Nears All-Stock Deal for Grubhub | W
