Aug 13 (Thursday)
YRI
Morning Briefing PDF
Daily Markets
Markets
S&P 500 Rallies, But Closes Below a Record | W
Warren Buffett said this metric signaled the 2001 crash — now it’s sounding the alarm on global markets | MW
The Duke professor who developed the inverted-yield-curve indicator offers advice on the right time to rebalance a 60/40 portfolio | MW
Cramer says Tesla’s stock split is good for the market because it appeals to young investors | C
Credit & commodities
Here’s a bullish case for owning bonds now — even with yields close to zero | MW
Morgan Stanley Wealth Sees Risks in Credit on U.S. Stimulus Woes | B
Rising Treasury Yields Challenge Precious Metals Rally | W
Central banks
Inflation Reading No Match for Fed’s Dovish Turn | W
Fed Officials Blame U.S. Failures on Virus for Sapping Recovery | B
Fed policymakers say economic growth will be muted until virus contained | R
US
US Consumer Price Inflation Is Even Higher for Seniors Over Age 62 | B
Gasoline Demand On the Rise in the Waning Days of Summer | B
U.S. Deficit Totaled $2.8 Trillion From October Through July, Treasury Says | W
Funding for $300-a-Week Unemployment Benefits Could Run Out in Six Weeks | W
Coronavirus-Hit State Budgets Create a Drag on U.S. Recovery | W
Start-Ups Braced for the Worst. The Worst Never Came. | N
China
China’s Xi Speeds Up Inward Economic Shift | W
US politics
Top Democrats say Mnuchin sought coronavirus meeting, showed no movement | R
Coronavirus Negotiators Remain ‘Miles Apart,’ Pelosi Says | W
Trump Weighs Replacing Mark Esper at Pentagon After Election | B
Trump Health-Care Agenda Still a Work in Progress | W
Where Kamala Harris stands on coronavirus masks, stimulus checks and other pandemic spending | C
Slavery reparations cost US government $10 to $12 trillion | C
Geopolitics & trade
U.S. Prepares Sanctions Against Hezbollah’s Allies in Lebanon | W
Taiwan Seeks to Start Free-Trade Talks With U.S. | W
Industries & companies
Aerospace: Aerospace Suppliers Brace for Hard Landing | W
Airlines: United bets on sun-seekers with new Florida flights | C
Autos: GM facility to build ventilators following $489.4M contract ending | C
FAANGs: Facebook will work with whoever wins election to address big tech fears | C
Financials: Goldman Sachs Vies for GM’s Credit Card, Betting You’ll Buy Coffee With Your Car | W
Retail: Off-Price Retailer Stein Mart Files for Bankruptcy, Plans to Close Stores | W
Transportation: Lyft Q2 2020 earnings | C
Transportation: Uber may shut down temporarily in California | C
Wireless: Smartphone Chip Giant Qualcomm Seeks 5G Riches After Bruising Antitrust Battle | W
Virus I
Accuracy of U.S. coronavirus data thrown into question as decline in testing skews drop in new cases | C
Why Is It Hard to Get a Rapid Covid-19 Test? The Machines Are in Short Supply | W
U.S. Daily Coronavirus Case Count Drops to Lowest Level Since Early August | W
Virus II
Moderna Inks $1.5 Billion Coronavirus Vaccine Deal With U.S. | W
Dr. Fauci says Russia risks ‘hurting a lot of people’ by rushing coronavirus vaccine | MW
Vaping linked to risk of COVID-19 in teens, young adults | R
Virus III
White House to unveil new anti-coronavirus steps for reopening U.S. schools, aide says | R
Dr. Sanjay Gupta: Why I am not sending my kids back to school | NN
Technology
This 30-Ton Robot Could Help Scientists Produce the Crops of the Future | W
Why Do Solar Farms Kill Birds? Call in the AI Bird Watcher | WIRED
Offbeat
Sumner Redstone Dies at 97; Media Mogul Who Said ‘Content Is King’ | W
The Big Ten’s college football postponement puts more than $700 million at risk this fall | C
