Oct 16 (Friday)
YRI
Morning Briefing PDF
Daily Markets
Markets
Stock market today: Stocks close lower for a third day amid concern over U.S. stimulus, Europe coronavirus spike | C
The stock market’s strength tells us less about the true state of the economy than at almost any other time over the last five decades | MW
Firms Like Dow Bet Billions on Plastics. Now There’s a Glut. | W
China Raises $6 Billion in Dollar-Bond Sale | W
Central banks
Fed Official Wonders Whether Treasury Market Can Handle Massive Issuance Alone | W
Fed’s Quarles sees need for more reforms to short-term funding markets | C
Fed’s Barkin says hiring could recover slowly as companies streamline | R
Coronavirus: ECB’s Lagarde says further economic stimulus on standby | C
Global
Pandemic Response Will Drive Up Global Public Debt to a Record, IMF Says | W
IMF’s Georgieva says U.S., China need to keep up coronavirus stimulus | R
Don’t Overestimate the COVID-19 Recovery by Eswar Prasad | Project Syndicate
US
U.S. Jobless Claims Rose to 898,000 Last Week | W
Persistently high U.S. weekly jobless claims point to labor market scarring | R
Millions of Jobs Have Been Lost, but Hiring Is Booming at These Companies | W
US Mortgage Rates Fall to 2.81% Hitting Record Low for 10th Time This Year | B
US politics I
White House Agrees to Democrats’ National Coronavirus-Testing Strategy | W
Coronavirus stimulus update: Mnuchin cedes on testing, Trump ups offer | C
Trump calls for big COVID-19 stimulus but McConnell disagrees | R
US politics II
Joe Biden says Trump lies will continue after Hunter Biden articles | C
2020 election polls: Biden holds large lead over Trump nationally, states show closer race | C
Election 2020: Democrats crush Republicans in fundraising | C
House lawmakers to propose emergency 3% Social Security COLA | C
Europe
Europe’s Covid-19 Lockdowns Hit Region’s Stocks, Fuel-Demand Outlook | W
China
China’s Rebound Helps Lift Japanese Businesses | W
Industries & companies
Consumer discretionary: Amazon announces Prime Day 2020 results | C
Communication services Facebook Has Made Lots of New Rules This Year. It Doesn’t Always Enforce Them. | W
Communication services: Why Facebook Can’t Fix Itself | The New Yorker
Financials: Banks Brace for ‘Big Bang’ Switch on $80 Trillion Worth of Swaps | B
Financials: Morgan Stanley Powers Through Coronavirus Recession With Higher Profit, Revenue | W
Media: Theater Chain’s Bold Plan to Stay Solvent, Keep Parents Sane | W
Tech: FCC Chairman says he will to ‘clarify’ tech legal shield, Section 230 | C
Virus I
‘Things will get worse’: London goes into stricter lockdown | R
Why Covid-19 Is Spreading Again: Fatigue, Colder Weather, Eased Restrictions | W
In U.S. Midwest states, new COVID-19 infections rise to record highs | R
Russia, China Rush to Fill Covid-19 Vaccine Void | W
Virus II
A Demoralized CDC Grapples With White House Meddling and Its Own Mistakes | W
‘Long COVID’ may affect multiple parts of body and mind, doctors say | R
Covid-19 Outbreaks Led to Dangerous Delay in Cancer Diagnoses | W
Coronavirus exposure risk on airplanes very low, U.S. defense study finds | R
Cybersecurity & digital currencies
U.S. Moves to Protect Technologies Considered Critical to National Security | W
Robinhood Hack: Almost 2,000 Accounts Infiltrated, More Widespread Than Known | B
A 90x return in five years? Former Goldman hedge-fund manager says an ‘enormous wall of money’ is coming | MW
