Aug 14 (Friday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stocks Close Lower Despite Fall in Jobless Claims | W
The stock market hasn’t seen a 100-day gain this strong since 1933 | MW
Divided stock market can’t seem to set a new record high | C
Coronavirus Projected to Sap More Oil Demand Than Expected | W

US
Weekly Unemployment Claims Drop Below One Million for First Time Since March | W
Suburban Home Prices Are Rising. But So Are Most Urban Home Prices | W
U.S. hits fiscal cliff with jobs, economic recovery in the balance | R

US policies I
White House Says Most Coronavirus Job Losses Likely to Be Temporary | W
WSJ Survey: Benefits of Extra Unemployment Aid Outweigh Work Disincentive | W
Did the expired $600 federal jobless benefit keep people from going back to work? Sudden drop in claims adds fuel to debate | MW
Coronavirus stimulus news: Congress leaves without passing relief bill | C
Waiting on that extra $400 unemployment benefit? Here’s what we know | C

US policies II
Trump’s Payroll-Tax Deferral Plans Spur Confusion | W
Trump Ties Fate of Post-Office Funding to Mail-In Voting | W
Trump lifts Obama-era regulations on climate-changing methane gas | C

US politics
Biden looks to former Fed Chair Yellen for economic advice | C
Biden, Harris set for briefing and speeches on coronavirus pandemic Thursday | NN
Trump Calls Kamala Harris a ‘Madwoman’ in Latest Attack on Biden’s VP Pick | W
Kamala Harris throws Trump off balance (opinion) | NN

Geopolitics & trade
Israel, U.A.E. Agree to Establish Formal Diplomatic Ties | W
Corporate America Worries WeChat Ban Could Be Bad for Business | W
How Trump’s war on WeChat could upend the global tech industry | NN
In China, fears of financial Iron Curtain as U.S. tensions rise | R
U.S. to Classify Beijing-Backed Confucius Institute Center as Foreign Mission | W

Industries & companies
Airlines: American Airlines could cut some flights required under federal aid terms as expiration nears | C
FAANGs: Amazon Cleared for Space Launch, but Broadband Venture Questions Remain | W
FAANGs: Elizabeth Warren wants probe of Amazon options held by Postal chief DeJoy | C
FAANGs: More than 1,200 Amazon delivery drivers laid off | C
FAANGs: Facebook and Other Tech Giants Gird for Chaotic Election | W
FAANGs: Apple kicks Fortnite out of App Store for challenging payment rules | C
Retail: What it would really take for Walmart to catch Amazon in e-commerce | C
Retail: How Coach owner Tapestry is doing better online than other retailers | C
Technology: Options market bets chip stock Applied Materials to surge on earnings | C
Transportation: Lyft Ridership, Revenue Drop Drastically Amid Rising Coronavirus Infections | W

Virus I
Dr. Fauci on U.S. coronavirus outbreak: ‘I’m not pleased with how things are going’ | C
CDC director warns America is in for the ‘worst fall…we’ve ever had’ | MW
CDC Chief Sees Urgency to Cut Covid Rate to Avoid Flu Collision | B
Beset by Coronavirus, Health Authorities Brace for Flu Season | W

Virus II
A Field Guide to Covid-19 Vaccines and Antivirals | BR
A Deadly Coronavirus Was Inevitable. Why Was No One Ready? | W
Rising Coronavirus Infections Trigger Renewed Travel Restrictions Across Europe | W
Joe Biden calls for a nationwide mask mandate to combat coronavirus | C

Virus III
Are Florida Schools Reopening During Coronavirus? Parents Can’t Tell as State and Districts Fight | W
Pentagon to Close Half Its Schools in U.S. Over Coronavirus Concerns | W
In Las Vegas, the show cannot go on | NN

Corporate finance
Fatburger Owner to Acquire Johnny Rockets for $25 Million | W
‘The Gold Standard’: Why Chinese Startups Still Flock to the U.S. for IPOs | W

Offbeat
Corporate America Worries WeChat Ban Could Be Bad for Business | W