Feb 03 (Wednesday)
YRI
YRI Podcast. In our latest video podcast, Dr. Ed discusses the main points of today’s Morning Briefing.
Daily Markets Overview
Today’s Morning Briefing
Markets
Stock market today: Dow jumps 470 points, posts best day since November as the GameStop trading mania unwinds | C
Dow Rises Ahead of Amazon, Alphabet Earnings | W
Wood-Pulp Prices Surge as Speculators Pounce in China | W
Central banks
Fed policy is one factor in Reddit-fueled frenzy, U.S. central banker says | R
GameStop
GameStop Closes 60% Lower While Silver Retreats | W
Selling overwhelms GameStop and other Reddit-favored stocks | R
Opinion: Short-sellers were pulling back even before Reddit’s GameStop squeeze | MW
Elizabeth Warren asks Robinhood to explain GameStop trade restrictions | C
U.S. Mint Still Rationing Silver Coins Amid ‘Exceptional’ Demand | B
US politics
Coronavirus stimulus: Democrats try to pass $1.9 trillion relief bill | C
Democrats to go it alone in Congress vote on Biden’s COVID-19 aid | R
Biden Presses Case for Large Covid Aid Package | W
Earned income tax credit is unifying alternative to hiking minimum wage | TheHill
Trump impeachment trial: His lawyers deny he incited Capitol mob, claim trial is unconstitutional | C
Exclusive: Yellen to name ex-IMF official Lipton to senior Treasury role, sources say | R
Europe
Europe’s Economy Falls Further Behind U.S. and China. ‘It’s Getting Desperate.’ | W
China
China Faces a Liquidity Test Just Days After Crunch Passed | B
Geopolitics & trade
Biden to issue executive order requiring review of critical supply chains – sources | R
Industries & companies
Autos: Tesla’s dirty little secret: Its net profit doesn’t come from selling cars | NN
Autos: Tesla Recalls Roughly 135,000 Vehicles Over Touch-Screen Failures | W
Consumer discretionary: Jeff Bezos to step down as Amazon CEO, Andy Jassy to take over in Q3 | C
Communication services: Google Cloud lost $5.61 billion on $13.06 billion revenue last year | C
Energy: Oil Companies Endure Brutal 2020, Warn of Slow 2021 Recovery | W
Logistics: UPS, Delivering Amazon’s Surge, Posts Record Revenue | W
Restaurants: Chipotle Mexican Grill (CMG) Q4 2020 earnings miss | C
Virus
Covid vaccine: Pfizer plans to deliver 200 million doses to U.S. by May, sooner than expected | C
Covid-19 Vaccine Supply to States to Rise Again, Biden Administration Says | W
Biden administration to start sending Covid vaccines directly to pharmacies | C
Americans in priority groups can start getting vaccinated at some pharmacies starting Feb. 11 | MW
U.S. Covid hospitalizations fall, but new strains could undo progress | C
Who Can Get Covid Vaccine in New York: Cuomo Updates Guidelines, Supply | B
Russian Covid-19 Vaccine Was Highly Effective in Trial, Boosting Moscow’s Rollout Ambitions | W
Corporate finance
Kraft Heinz is reportedly in talks to sell Planters for $3 billion to Hormel | C
Rocket Startup Astra Space Poised to Go Public at $2.1 Billion Valuation | W
Cohen’s Point72 Raises $1.5 Billion After Melvin Infusion | B
Technology
SpaceX Starship SN9 explodes on landing after successful launch | C
Cybersecurity
Exclusive: Suspected Chinese hackers used SolarWinds bug to spy on U.S. payroll agency – sources | R
Offbeat
Cities Betting Big on Remote Work Trend | City Journal
