Aug 24 (Monday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Markets look to the Fed again to build on S&P 500 record as Congress continues to disappoint | C
This Market Is a Tech Market. If Bond Yields Rise, Watch Out. | W
The Median S&P Stock Has Never Been More Expensive | W
ETF Boom Fuels Gold’s Sharp Rise | W

Central banks
Wall Street Week Ahead: No elk or trout, but Fed’s virtual retreat may stoke market’s ‘animal spirits’ | R

US
Covid-19 Is Dividing the American Worker | W
Furloughed workers trapped in desperate limbo as aid runs out, waiting for jobs that may never return | NBC
Coronavirus Lifts Government Debt to WWII Levels—Cutting It Won’t Be Easy | W
New York City Faces Toughest Fiscal Crisis Since the 1970s | W
Time for a Crash in College Tuition | BR

Europe
Facing a Profitability Crisis, Europe’s Banks Rush to Restructure | W

US politics
Joe Biden’s Economic Plan: Contain the Covid Crisis First | BR
USPS news: House passes postal service funding bill | C

Geopolitics & trade
Trump says could ‘decouple’ and not do business with China | R
TikTok will challenge Trump order banning U.S. transactions, company confirms | C

Industries & companies
Casinos: Buy Wyndham Stock. It’s Well Positioned to Ride Out Covid. | BR
Energy: Coronavirus Further Complicates Shell’s Giant Floating Gas Project | W
FAANGs: Apple Stock Is Unstoppable — and It Lifted the Stock Market to a Record High | BR
Pharma: Trump considering fast tracking AstraZeneca vaccine before election | C
Retail: ‘Back to School’ Is Not the Same. Here Are 4 Stock Picks to Play the Changes. | BR

Virus I
Trump will reportedly announce emergency authorization for coronavirus plasma treatment | C
Antibody Drugs Advancing to Fill Covid-19 Treatment Gap | W
Why pooled testing could be a breakthrough in the fight against COVID-19 | MW

Virus II
Back to School Is the Next Big Test for the U.S. Economy | BR
Many Companies Planned to Reopen Offices After Labor Day. With Coronavirus Still Around, They’re Rethinking That. | W
Spain Caught Off Guard by Resurgent Coronavirus | W
The aliens among us – How viruses shape the world | E

China
Profs and loss – China is killing academic freedom in Hong Kong | E

Offbeat
Louisiana, Cuba residents evacuate as twin storms take aim at U.S. coast | R
Marco becomes hurricane, heads toward U.S. Gulf Coast | C
Why California Keeps Having Blackouts | W
California seeks help as wildfires threaten communities | R
Preserving Trees Becomes Big Business, Driven by Emissions Rules | W
How One CEO Dealt With the TikTok Taunts of Gen Z: He Hired Them | W