May 06 (Thursday)

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

Markets
Dow Industrials Rise to New High | W
Stock futures are flat after the Dow closed at a record | C
Wall Street rises as megacap stocks bounce; Dow hits record high | R
GameStop Frenzy, Archegos Meltdown May Prompt New SEC Rules, Chairman Says | W

Central banks
Clarida: the Fed is ‘a long way from our goals’ and tightening policy | C

US I
U.S. service sector slows modestly in April – ISM survey | R
U.S. private payrolls post biggest gain in seven months | R
Soaring home prices are pushing buyers to the rental market | Vox
National Eviction Moratorium Thrown Out by Federal Judge | W

US II
White House Says Businesses Having to Hike Wages Is ‘Good Thing’ | B
Some CEOs Suggest Dropping Degree Requirements in Hiring | W
McConnell Says ‘100%’ of His Focus Is on Blocking Biden Agenda | W

Geopolitics & trade
U.S., China to assess Phase 1 deal soon, Biden trade chief says | R

Industries & companies
Autos: Car Companies’ Profits Have Outrun the Chip Shortage—but Not for Long | W
Consumer Discretionary: Amazon CEO Bezos sells nearly $2 billion worth of Amazon stock | C
Communication Services: Google Adopts Hybrid Workweek, With 20% of Its Employees to Work Remotely | W
Communication Services: Facebook Oversight Board’s Trump decision was Marbury v Madison moment | C
Fitness: Peloton stock sheds $4 billion in market cap over treadmill recall | C
Hotels: Hilton CEO: Business travel is back to about 50% of pre-Covid levels | C

Virus
India’s ‘Oxygen Express’ Races to Supply Hospitals, but Covid Patients Die as Stocks Run Out | W
U.S. backs waiving patent protections for Covid vaccines, citing global health crisis | C
Covid booster shot: Moderna says vaccine generates promising immune response against variants | C
Here Comes the Covid-19 Community Corps and They Want You | B