wiar 10-21-20

MFwebsite2020researchWhat I Am Reading

Oct 21 (Wednesday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stock market today: Dow closes more than 100 points higher as Pelosi says she is ‘optimistic’ about possible aid deal | C
‘Trump stocks’ have significantly lagged the U.S. market since 2016 — while ‘Clinton stocks’ have soared | MW
China Is Experiencing a Boom in Share Sales | W

Central banks
Fed’s Evans sees less economic drag from new COVID-19 wave | R
Fed’s Quarles Says Market Turmoil Triggered by Covid-19 Revealed Fragile Nonbank System | W
Analysis: Betting on further U.S. yield curve steepening? Not so fast! | R
ECB’s Lagarde Says Virus Resurgence Is a Clear Risk to Economy | B

US
Many Workers Gave Up Looking for Jobs Across the U.S. in September | W

US politics
White House Ups Stimulus Offer, Pelosi Hopeful on Deal This Week | B
Coronavirus stimulus update: Pelosi, Mnuchin make progress, but differences remain | C

Geopolitics & trade
U.S., Russia Near Deal to Extend Nuclear Treaty and Freeze Warheads for a Year | W
US Says It Has Evidence of Forced Labor in Chinese Sweetener | B

Industries & companies
Autos: Ford unveils new self-driving test vehicle for 2022 launch | C
Financials: U.S. Banking Regulator Backs New Liquidity Requirements | W
Financials: Travelers Is Ready for Post-Pandemic Journey | W
Financials: Goldman Sachs to Pay $2.8 Billion, Admit Wrongdoing to Settle 1MDB Charges | W
Media: Netflix Subscriber Growth Slows Amid Heightened Competition | W
Social media: Snapchat Nears 250 Million Daily Users as Advertisers Lift Spending on Platform | W
Tech: Microsoft Teams With Elon Musk’s SpaceX to Push Cloud Battle With Amazon Into Orbit | W
Tech: IBM Hopes to Double Sales at Red Hat in Next Three Years | W

Google antitrust
U.S. Accuses Google of Illegally Protecting Monopoly | N
Apple, Google Worked as ‘One Company’ on Search Deal, U.S. Says | B
Analysis: What monopoly case? DOJ lawsuit unlikely to knock Google from pole position | R
It’s Google’s World. We Just Live in It. | N

Virus
The Strange Advent of Lockdown Denialism | AIER
California sets strict guidelines for reopening large theme parks | C
Volunteers to Be Infected With Coronavirus in Vaccine-Effectiveness Trials in U.K. | W

Corporate finance
Pioneer Natural Resources to Buy Parsley Energy for $4.5 Billion | W
JCPenney CEO says company expects to exit Chapter 11 ahead of holidays | C
Ant Group Nears Giant IPO After Green Light From Hong Kong’s Exchange | W