wiar 03-31-21

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Mar 31 (Wednesday)

YRI
Daily Markets Overview
Today’s Morning Briefing

Markets
Stock futures are flat after Dow slips from record levels | C
S&P 500 Edges Down as Investors Sell Bonds, Tech Stocks | W
Wall Street awaits Biden infrastructure plan, but it may not be ready for the new taxes | C

Archegos
Meet Bill Hwang, the man behind Archegos, the fund that sent shockwaves through Wall Street | C
Archegos Capital: A little-known hedge fund caused widespread chaos on Wall Street | NN

Global
IMF Sees Brighter Outlook for Global Economy | W

Central banks
Fed’s Barkin sees excess savings driving economy for years | R
Fed’s Bostic says summer months could see millions rehired | R
Critics slam the Fed as home prices rise at a historic rate | C

US
U.S. Home Prices Rise at Fastest Pace in 15 Years | W
Biden to lay out infrastructure plans as part of massive economic proposal | C
White House Briefs Lawmakers on $2 Trillion Infrastructure Plan | W
Behind Biden’s Big Plans: Belief That Government Can Drive Growth | W
21 Senate Democrats urge Biden to put recurring stimulus checks, unemployment aid extension in recovery plan | C

China
China Rewrites Hong Kong Election Rules to Keep Opponents Out | W

Virus
U.S. Covid-19 Deaths Expected to Rise Soon With New Wave Emerging | B
CDC director says data ‘suggests that vaccinated people do not carry the virus’ | MSN
U.S. Calls for Independent Study of Covid-19 Origin | W
Covid-19 Vaccination Cards Are the Only Proof of Shots, Soon an Essential | W

Corporate finance
Amazon-Backed Deliveroo Secures $10.5 Billion Valuation in London IPO | W

Offbeat
How Wall Street Deals with Banker Burnout | N