Jul 09 (Thursday)
YRI
Morning Briefing PDF
Daily Markets
Markets
Stock market today: Dow rises more than 150 points as Apple hits record, leads tech higher | C
U.S. Stocks Climb While China Rally Powers Ahead | W
Gold ETF Inflows Hit Record as Bullion Rally Continues | W
Chinese Tech Firms Get Trading Boost From Hong Kong Listings | W
Central banks
Covid Still Poses Challenges for Financial System, Fed’s Quarles Says | W
Fed’s Bullard sees unemployment falling to as low as 7% this year | C
US
Two-thirds of laid off workers eligible for benefits that exceed their wages: NBER paper
Nearly 70,000 Tech Startup Employees Have Lost Their Jobs Since March | W
Coronavirus Moves NYC Affordable Housing Crisis to Breaking Point | B
Apple Maps driving activity is slowing again in warning sign for the economy | C
US policies & politics
Harvard, MIT Sue Trump Administration Over International-Student Policy | W
Geopolitics & trade
As Chinese Trade Surpluses Persist, So Will Risk of Trade Wars | W
TikTok, Once an Oasis of Inoffensive Fun, Ventures Warily Into Politics | W
Industries & companies
Airlines: United Airlines Warns It May Furlough 36,000 Staff | W
FAANGs: Vast majority of Apple stores closed due to Covid-19 are in U.S. | C
FAANGs: Amazon sellers in the U.S. will have to list their names and addresses | C
FAANGs: Amazon pulls Washington Redskins merchandise | C
Media: Disney World Set to Reopen With Capacity Limits, Strict Rules | W
Retail: Brooks Brothers, Founded in 1818, Files for Bankruptcy | N
Retail: Bed Bath & Beyond (BBBY) reports Q1 2020 loss, 200 store closures | C
Virus I
U.S. Hits 3 Million Confirmed Coronavirus Cases | W
Coronavirus: Trump threatens to cut school funding, slams CDC reopening guidelines | C
CDC director says there’s no data children drive coronavirus spread — but the U.S. isn’t testing many kids | C
Contact Tracing Isn’t Keeping Up With America’s Reopening | W
Coronavirus: Illinois Gov. Pritzker says states were forced compete in ‘sick Hunger Games’ competition for PPE | C
Virus II
Coronavirus cases surge among younger Californians | C
Coronavirus live updates: California ramps up hospital capacity as cases surge | C
New York City Improves Disease Surveillance to Avert Covid-19 Surge | W
Birx’s nod to mask fashion is more than just sartorial | NN
Corporate finance
U.S. Companies Slashed Dividends at Fastest Pace in More Than a Decade | W
KKR to Buy Global Atlantic Financial Group for $4.4 Billion | W
Allstate to Acquire Rival Insurer National General for $4 Billion | W
Offbeat
Diversify? Almost half of Warren Buffett’s Berkshire Hathaway portfolio is now composed of a single stock | MW
Wirecard Under Criminal Scrutiny by U.S. Authorities as Part of Probe Into Alleged Bank-Fraud Conspiracy | W
Kanye West says he no longer supports Trump and that he had coronavirus | NN
