wiar 08-22-20

MFwebsite2020researchWhat I Am Reading

Aug 22 (Saturday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stock market today: Dow jumps 190 points, S&P 500 closes at another record to finish week | C
S&P 500, Nasdaq end at records after upbeat business surveys | R

Central banks & credit
Fed Has Used Only a Fraction of Main Street Lending Facility | B
Corporate America Is Choking on Debt and Imperiling the Recovery | B
Deserted College Dorms Sow Trouble for $14 Billion in Muni Bonds | B

US I
U.S. Economic Recovery Gains Steam While Others Stutter | W
It’s Not the 2008 Global Recession All Over Again | Morningstar
Signs of recovery? U.S. business activity and home sales surge | R
‘The housing market is on a sugar high’: Home sales are soaring, but is it a good time to buy? Here’s what the experts say | MW
U.S. Existing-Home Sales Rose Nearly 25% in July | W

US II
Rise in U.S. weekly jobless claims clouds labor market recovery | R
Coronavirus reshaping how Americans are employed during the pandemic | C
To Pay Rent and Avoid Eviction, Tenants Cash In Their Dreams | N
The National Debt is Surging | N
It’s ‘Mad’ to Worry About Mounting Debt Now, Keynes Scholar Says | B

Europe
Under the Surface of Pristine Job Numbers, Pain Awaits Europe Too | W

US politics I
‘I’ll be an ally of the light, not the darkness’: Joe Biden pledges to rebuild economy as he accepts Democratic nomination | MW
Student Loan Borrowers Would See a Big Chunk of Debt Disappear Under Biden Plan | W
Trump Sows Doubt in 2020 Election With Polls Showing Biden Leading | B
Trump loses bid to delay handover of tax returns to NY prosecutor | R

US politics II
Opinion: One more stimulus check from Congress won’t be enough. This is what will really help | NN
Where states stand on the extra $300 weekly unemployment benefits | C
U.S. postmaster promises timely election mail, ‘dramatic’ changes after | R
USPS chief DeJoy: ‘No intention to’ bring back removed mail-sorting machines | C

Industries & companies
Energy: Natural Gas Prices Are on Fire, but Producers Are Holding Back | W
FAANGs: Facebook Braces Itself for Trump to Cast Doubt on Election Results | N
FAANGs: Jeff Wilke, Early Amazon Executive and Lieutenant to Jeff Bezos, Plans to Retire | W
FAANGs: Apple jumps another 5% to close out a big week for the $2 trillion stock | C
FAANGs: Apple says Epic Games CEO wanted a side deal for Fortnite | C
Industrials: Deere outpaces Caterpillar year to date. Why it may keep rising | C
Pharma: Bayer Settles Essure Birth-Control Litigation for $1.6 Billion | W
Retail: Home-Improvement Stocks Stay the Course Amid Nesting During Covid-19 | W
Retail: Fearing shipping crunch, retailers set earliest-ever holiday sale plans | R
Tech: Twitter Data Case Sparks Dispute, Delay Among EU Privacy Regulators | W

Virus I
WHO warns a coronavirus vaccine alone will not end pandemic | C
Have you ‘herd’? New York might have immunity—but please don’t count on it, the mayor pleads | MW
Billions in Federal Covid-19 Testing Funds Still Unspent | W
FDA’s Authority to Regulate Lab Tests Is Curtailed | W

Virus II
CDC Director Dr. Redfield pointed to Rhode Island’s coronavirus restrictions in daycares as a ‘path’ to reopen schools | C
Covid-19 Crisis in Nursing Homes Requires Aggressive Federal Response, Panel Says | W
Coronavirus: Lawsuit says HCA hospital endangers staff in pandemic | C

Corporate finance
Coronavirus: Struggling retailers rush to file for bankruptcy as fear of a second wave lingers | C
Palantir, Tech’s Next Big I.P.O., Lost $580 Million in 2019 | N

Technology
To Build a Plane That Can Fly Itself, Start With a Pilot in the Cockpit | W

Offbeat
California Wildfires Expand Overnight as Death Toll Climbs | W
Inside Steve Bannon’s mysterious charity at center of wall project fraud | C