Sep 29 (Tuesday)
YRI
Morning Briefing PDF
Daily Markets
Markets
Stock market today: Dow closes more than 400 points higher to start the week, led by banks and tech | C
Wall Street closes higher as energy, financials lead broad rally | R
The stock market could be rough for the next few weeks, but 2021 will be another story, Wharton professor says | MW
China’s Yuan Is Riding High as Economy Recovers, Foreign Investors Pump In Money | W
Record Ban on Short-Selling Fuels Worries of Bubble in Korea | B
Credit & commodities
Oil up 1% on economic hope; virus fears check price gains | R
‘Fallen Angels’ Fall Short of Expectations | W
US
Household Wealth Rose in Years Before Pandemic, Fed Says | W
U.S. income inequality narrowed slightly over last three years: Fed | R
High debt, low growth: Has Covid-19 Turned Us All Into Japan? | B
The $4 trillion U.S. government relies on individual taxpayers | R
Harvard Economist Raj Chetty Creates God’s-Eye View of Pandemic Damage | B
US politics
Trump’s reported massive debt load raises ‘national security question,’ Pelosi says | C
How President Trump paid just $750 in federal taxes | C
Trump’s reported tax methods would be par for the course for the rich, experts say | R
Joe Biden Wants to Make Almost Every Policy a Climate Change Policy | W
Biden campaign tees up Trump tax issue on eve of first debate | R
EPA Raises Legal Questions About California’s Plan to Ban New Gas-Powered Cars Starting in 2035 | W
China
China’s Export Machine Looks Inward as Global Risks Rise | W
Geopolitics & trade
U.S. Likely Exceeded Authority in TikTok Ban, Judge Says | W
Threat to evacuate U.S. diplomats from Iraq raises fear of war | R
Industries & companies
Airlines: United, pilots agree on plan to avoid nearly 3,000 furloughs | C
Communications services: Google to enforce 30% cut on in-app purchases next year | C
Consumer discretionary: Amazon’s Late Prime Day, Now in October, Set to Fuel Record End to Year | W
Tech: Nikola’s Business Model Relies on Big Leaps in Technology, Large Declines in Costs | W
Corporate finance
Chip Maker Kioxia Calls Off $16 Billion IPO After Huawei Fallout | W
Shale Producers Devon Energy, WPX Energy Announce Merger | W
Uber Wins Back License to Operate in London After Yearslong Battle | W
Virgin Galactic SPCE stock jumps after more Wall Street backing | C
Cybersecurity
Universal Health Services hit by cyberattack | C
Hacker Releases Information on Las Vegas-Area Students After Officials Don’t Pay Ransom | W
Virus
CDC issues Thanksgiving coronavirus guidance, says no crowded shopping | C
CDC says coronavirus rates among teens nearly ‘double’ that of younger kids | C
Warning Signs Are Flashing Ahead of Covid’s Second U.S. Winter | B
JPMorgan Says Most Consumer Staff to Work From Home Until 2021 | B
Offbeat
You Can Go Back to the Office—You Just Need a Virtual-Reality Headset | W
