Oct 30 (Friday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Dow futures fall 150 points as Apple and Amazon shares decline after earnings | C
Dow Industrials Snap Four-Session Losing Streak | W
Bets on Biden-Led Stimulus Fuel Outperformance by Small Stocks | W

Central banks
ECB Signals Further Stimulus Ahead to Prop Up Struggling Economy | W

US
U.S. Economy Recovered Significant Ground in Record Third-Quarter GDP Rebound | W

US politics
Coronavirus stimulus update: Pelosi, Mnuchin trade harsh letters as talks stall | C
Record-breaking early voting in U.S. election tops 80 million | R
Biden and Trump make their final appeals to crucial voters in Florida | C

China
China Stresses Reliance on Its Own Technologies in Five-Year Plan | W

Geopolitics & trade
Trump’s China Scorecard Shows Many Defeats, and One Big Change | B

Industries & companies
Airlines: Delta and pilot union reach preliminary deal to avoid furloughs until 2022 | C
Airlines: Covid-19 Testing vs. Quarantines for International Flights | W
Communication services: Facebook (FB) earnings Q3 2020: users decline in U.S. and Canada | C
Communication services: Facebook Posts Record Revenue Despite Ad Boycott | W
Communication services: Google Parent’s Stock Soars on Gangbuster Earnings | W
Consumer discretionary: Amazon Sales Surge Amid Pandemic-Driven Online Shopping | W
Consumer discretionary: Amazon forecast reflects $4 billion in Covid-related costs | C
Energy: Exxon to Slash Up to 15% of Global Workforce, Including 1,900 Jobs in U.S. | W
Restaurants: Starbucks (SBUX) Q4 2020 earnings top estimates | C
Restaurants: Starbucks Says Customers Are Coming Back to Cafes | W
Tech: Megacap Tech AAPL, AMZN, FB, GOOG Stock Earnings Disappoint Investors | B
Tech: Apple’s weak iPhone sales show people were waiting for the new models | C
Tech: Apple has $191.83 billion in cash on hand, down $14 billion from 2019 | C

Virus
Europe’s Covid-19 Cases and Deaths Are Climbing, a Warning for the U.S. | W

Cybersecurity
Hackers Steal $2.3 Million from Trump Wisconsin Campaign Account | W

Corporate finance
Ant IPO Promises $8 Billion Gain for Elite Group of Foreign Investors | W

Offbeat
We asked how the pandemic changed your money habits. Here’s what you said | NN