Aug 03 (Monday)

YRI
Morning Briefing PDF
Daily Markets

Markets
U.S. stock futures slip as earnings season, stimulus talks continue | C
Behind the Vast Market Rally: A Tumbling Dollar | W
Gold Surges to Record as Week Opens With Spot Price Near $2,000 | B
Oil edges lower on oversupply concerns as OPEC+ set to raise output | R

Central banks
Fed’s Kashkari suggests 4-6 week shutdown; says U.S. Congress can spend big on coronavirus relief | R
Fed Weighs Abandoning Pre-Emptive Rate Moves to Curb Inflation | W

US
U.S. companies leap over low profit hurdle in coronavirus-hit quarter | R
Consumers, Flush With Stimulus Money, Shun Credit-Card Debt | W
America’s Saw Mills Didn’t See This Building Boom Coming | W
Retail rents plummet across New York City, a warning for other areas | C
Homicide Spike Hits Most Large U.S. Cities | W

US policies & politics
White House says not optimistic on near-term deal for coronavirus relief bill | R
White House, Dems still agree on checks but disagree on unemployment | C
Trump Plans ‘Emergency’ to Stay in Office, Top Democrat James Clyburn Says | B
Eastman Kodak’s top executive reportedly got Trump deal windfall on an ‘understanding’ | C

Japan
Japan’s Economy Shrinks at Same Pace in Q1 as Capex Holds Up | B

Geopolitics & trade
U.S.-China Tensions, National Security and Spying Claims: What We Know | B
Microsoft Says It Remains Committed to Reaching TikTok Deal | W
Exclusive: Trump to give TikTok’s Chinese owner 45 days to reach deal to sell – sources | R

Corporate finance
Marathon Petroleum to Sell Gas-Station Chain to 7-Eleven Owners for $21 Billion | W
Siemens Healthineers to Buy Varian Medical for $16.4 Billion | W
Prescription Drug Marketplace GoodRx Files for IPO, Reuters Says | B
Luxury Department Store Lord & Taylor Files for Bankruptcy | W

Virus I
Dr. Birx warns U.S. in new phase of coronavirus pandemic with ‘extraordinarily widespread’ cases | C
Coronavirus Cases Rise in Europe as Youth Hit Beaches and Bars | W
Tenth House Lawmaker Tests Positive for Covid-19 | W

Virus II
Do some people have protection against the coronavirus? | NN
Some (Modest) Good News on Covid-19: Doctors Are Getting Better at Treating It | W
Nation’s testing czar: It’s ‘time to move on’ from talk about hydroxychloroquine | C

Virus III
Covid-19 test delays create health nightmare as schools try to reopen | C
‘New Normal’ Emerges for Companies Navigating Covid-19 Pandemic | W
Hospitals tracking Covid-19 with badge sensors, SwipeSense technology | C

Offbeat
SpaceX Capsule and NASA Crew Make Historic Splashdown | W
How Do Global Supply Chains Work?: Keith Oliver Has Fears for Consumers | B
Affluent travelers eagerly try to make their vacations happen | C