wiar 09-24-20

MFwebsite2020researchWhat I Am Reading

Sep 24 (Thursday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stock futures fall following sell-off on Wall Street | C
Stock market today: Dow closes more than 500 points lower as tech pressure mounts | C
Why September’s selloff has these savvy traders convinced that stock prices are going up | MW

Currencies, credit, & commodities
Asia Currencies Decouple From China’s Yuan in Two-Speed Recovery | B
U.S. faces dollar crash, high double-dip recession odds: Stephen Roach | C
U.S. Junk Bonds Set $329.8 Billion Sales Record Amid Yield Hunt | B
Even Now, U.S. Oil Drillers Remain Focused on Output Over Debt | B

Central banks
Powell: Congress and Fed both need to ‘stay with it’ to bolster recovery | R
Fed policymakers vow to keep interest rates near zero, call for more fiscal help | R
Fed’s Rosengren says U.S. could face a credit crunch by year end if virus worsens | R
Cleveland Fed President Says U.S. Economy Recovering but Still in Deep Hole | W
Fed’s Daly says inflation will be guide on U.S. full employment | R

US
U.S. Economy Continues Steady Recovery in September, Business Surveys Show | W
There Might Be Roughly 10 Million Fewer Jobless Americans Than It Seems. Here’s Why. | BR
California to Ban Sales of New Gas-Powered Cars Starting in 2035 | W

US politics
Trump Refuses to Commit to Peaceful Power Transfer Post-Election | B

China
China’s post-pandemic recovery has severe regional imbalances – survey | R

Geopolitics & trade
One Senator’s Strategy for Containing Chinese Technological Dominance | W
Tesla sues to overturn Trump administration tariffs on China

Industries & companies
Financials: JPMorgan to pay almost $1 billion fine to resolve US investigation into trading practices | C

Technology
Nikola’s Talks With Major Energy Firms Stalled Following Short-Seller Report | W

Virus
Coronavirus vaccine: Fauci tells Congress the U.S. could have enough for every American by April | C
Just 4 in 10 Americans now say they would get the first coronavirus vaccine | MW
Johnson & Johnson Begins Final-Stage Testing of Covid-19 Vaccine | W
Should front-line medical workers get the coronavirus vaccine first? Not necessarily | C