May 04 (Tuesday)

YRI
Dr. Ed’s latest video podcast
Daily Markets Overview
Today’s Morning Briefing

Markets
Dow climbs more than 200 points on the first trading day of May, retail stocks lead gains | C
Why investors should ignore the old Wall Street adage ‘Sell in May’ | C
Lumber Prices Break New Records, Adding Heat to Home Prices | W

Central banks
Powell Says Low-Income Lending Rules Should Apply to All Firms Offering Consumer Credit | W
Fed’s Powell says economic recovery clouded by racial, education gaps | R
NY Fed’s Williams says brighter outlook not enough to affect monetary policy | R
Fed’s Barkin sees higher inflation this year, but then a reversal in 2022 | C

US I
Record Share of Companies Are Beating Earnings Estimates | W
Corporate America Rides Wave of Inflation to Record Profits | B
Supply chain bottlenecks amid roaring demand slow U.S. manufacturing | R
Sticking with remote work? Businesses are betting on it | R

US II
Treasury Expects to Borrow $1.3 Trillion Over Second Half of Fiscal 2021 | W
Some couples may face a ‘marriage penalty’ under Biden’s tax plan | C
Wealthy may face up to 61% tax rate on inherited wealth under Biden plan | C
Yellen to shake up U.S. bank regulator with new appointment -sources | R

Europe
Bidenomics Takes Root in Europe’s Economically Fragile South | W
France Faces Labor Shortfall as Reopening Nears | N

Industries & companies
Autos: Auto Makers Retreat From 50 Years of ‘Just in Time’ Manufacturing | W
Financials: Berkshire Chooses Greg Abel as Warren Buffett’s Successor in CEO Role | W
Retail: U.S. retailers scramble to crack the code on livestream shopping events | C
Retail: Under Armour Paying $9 Million to Resolve SEC Accounting Probe | W
Tech: Apple and ‘Fortnite’ Maker Epic Games Trade Arguments Over App Store | W

Corporate finance
Verizon to Sell Yahoo, AOL for $5 Billion to Apollo | W

Virus I
‘Humanitarian catastrophe’ in India puts global Covid fight at risk, doctor says | C
It’s Not Just India. New Virus Waves Deluge Developing Countries | B
Reaching ‘Herd Immunity’ Is Unlikely in the U.S., Experts Now Believe | N
New York, New Jersey Lift Covid-19 Capacity Limits on Businesses | W

Virus II
Moderna to Deliver Covid-19 Vaccine to Hard-Hit Developing World | W
FDA expected to approve Pfizer Covid vaccine for teens within the week | C
Next Generation of Covid-19 Vaccines Could Be Pill or Spray | W