Nov 18 (Wednesday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stock market today: Dow falls more than 150 points as rally to record highs takes a breather | C
Momentum stocks may get an end-of-the-year push, history shows | MW
Wall Street closes lower as shutdown worries loom | R
Falling ‘Real’ Yields Drive Investors to Junk Bonds | W

Central banks
Powell Says Economic Risks Persist Despite Vaccine | N
Fed’s Powell signals emergency credit programs should be extended | R
Shelton Fed nomination fails key Senate procedure vote, possibly ending her chances | C

US
U.S. retail sales lose speed as pandemic, lack of fiscal stimulus weigh | R
U.S. manufacturing output picks up in October | R
U.S. household debt rises above pre-pandemic levels due to mortgages | R
Hundreds of Companies That Got Stimulus Aid Have Failed | W
Recession With a Difference: Women Face Special Burden | N

China
China Urges New Era of Mass Migration—Back to the Countryside | W

US politics I
Coronavirus stimulus update: McConnell, Schumer, Pelosi have not held talks | C
McConnell open to $500 billion for coronavirus relief | R
Biden picks for senior White House staff include loyalists, rising Democratic stars | C
Biden’s first day might include a bailout for the wealthy | Washington Examiner

US politics II
Trump campaign loses case on Philadelphia vote count observers | C
Georgia says voting machine audit found no evidence of fraud, tampering | C
Georgia Senate runoff elections: Here are the key dates to know | C

Industries & companies
FAANGs: Amazon Launches Online Pharmacy | W
Pharma: Moderna and Pfizer Are Reinventing Vaccines, Starting With Covid | W
Retail: Home Depot Plans Workforce Investment as Pandemic Brings Another Strong Quarter | W
Retail: Walmart’s Sales Gains Slow as Pandemic Drags On | W

Virus
Coronavirus Vaccine Unproven? No Problem in China | N
Chuck Grassley, oldest GOP senator, tests positive for Covid-19 | C

Corporate finance
Aramco Raises $8 Billion Bond to Fund Dividend Pledge | W
Major Chinese Chip Company Defaults on Debt | W
Huawei Sells Off Honor Phone Business as U.S. Sanctions Bite | W
Kind Bars to Be Acquired by Maker of Snickers | N

Technology
Don’t Fear the Robots, and Other Lessons From a Study of the Digital Economy | N

Offbeat
Coronavirus: Bill Gates says more than 50% of business travel will disappear long-term | C