Jun 19 (Friday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stocks Slip as Investors Track Rise in Coronavirus Cases | W
Nasdaq explains how new SEC proposals could profoundly transform US equity markets | C

Wall Street
Jeremy Grantham Predicted Two Previous Bubbles. And Now? | W
Cramer rails against money managers for scaring investors out of market | C
Boaz Weinstein Is Making Bank. He’s Not Happy That You Know About It. | II
Fund manager who spotted the stay-at-home trend two years ago has his eye on these stocks now | MW

Central banks
Former Fed Economists Urge Easier Terms for ‘Main Street’ Loans | W
Mnuchin, Powell Defend Borrower Requirements Under Emergency Lending Programs | W

Global
IMF says deeper-than-expected contraction in U.S. economy likely in second quarter | R

US I
Jobless Claims Worse Than Forecast in Glacial Move in Layoffs | B
U.S. labor market improvement stalling; second wave of layoffs seen | R
Another 1 million jobless claims show Congress may need to extend extra benefits set to expire | C
U.S. retail foot traffic rebounds, more staff at work, as lockdowns ease | R

US II
Economy snapping back but still has long way to go, alternative data shows | C
Latest Shape of Economic Recovery: How About a Bird’s Wing? | B
Richest 25% of Americans Cut Spending the Most During Pandemic | B

US policies
Supreme Court Stops Trump From Canceling DACA Program | B
Lawmakers Push for $120 Billion in Aid for Restaurants Hit by Coronavirus | W
EPA Won’t Regulate Rocket Fuel Additive Perchlorate | W

Geopolitics & trade
Japan Woos Hong Kong Business as Abe Cools to China | W
How Europe Can Live with China | Project Syndicate

Industries & companies
Grocery stores: Kroger stuns with 92% e-commerce gain, but it has to prove it’s not a coronavirus blip | C
Media: NFL, HBO agree to multi-year extension for ‘Hard Knocks’ | C
Restaurants: Subway franchisees to hire 50,000 workers as $5 footlong deal comes back | C

Virus
100 days of the COVID-19 pandemic: 5 critical mistakes that created the biggest public-health crisis in a generation | MW
Trump coronavirus task force absent as states struggle with new cases | C
Coronavirus: Parts of the U.S. are ‘on the cusp of losing control,’ Gottlieb says | C
New York Gov. Cuomo mulls quarantine Florida travelers as cases rise | C
Coronavirus Is Taking a High Toll on Sweden’s Elderly. Families Blame the Government. | W

Corporate finance
Hertz Suspends Sale of ‘Worthless’ Stock Amid SEC Scrutiny | B

Offbeat
Coronavirus update: People flee cities to live in suburbs | C
20-Year-Old Robinhood Customer Dies By Suicide After Seeing A $730,000 Negative Balance | F