May 07 (Friday)

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

Markets
Dow jumps 300 points to hit another record close ahead of key April jobs report | C

Central banks
Fed warns about potential for ‘significant declines’ in asset prices as valuations climb | C
Fed Says Covid Is Major Financial Risk, Asset Prices Vulnerable to ‘Significant Declines’ | W

US I
April jobs expected to top 1 million as consumers boost the economy | C
U.S. Unemployment Claims Reach New Covid-19 Pandemic Low | W
Millions Are Unemployed. Why Can’t Companies Find Workers? | W
South Carolina cuts federal unemployment boost payments as state struggles to fill jobs | C
US II
Biden’s Economic Plan Gives Progressives What They Want | The Atlantic
Biden open to 25% corporate tax rate as part of an infrastructure bill compromise | C
Farm-District Democrats Raise Caution Flag on Capital-Gains Tax Plan | W
Texas Lawmakers to Vote on Election Bill as Florida Governor Signs Its Own Into Law | W

US III
Just About Everything Costs More at American Grocery Stores | B
Chicken Shortage Sends Prices Soaring, and Restaurants Can’t Keep Up | W
Opinion: America is going through a baby bust, and we all might feel it in our wallets | MW
Cuomo privately calls on business leaders to stay in New York and lobby to remove cap on SALT deductions | C

Industries & companies
Cruise Lines: Norwegian Cruise Line CEO says U.S. ships are unlikely to sail this summer, calls CDC guidance ‘unfair’ | C
Fitness: Peloton reports sales up 141% as cycle demand remains strong, says it’s working to quickly fix treadmills | C
Fitness: Peloton says treadmill recall will lower fourth-quarter sales by $165 million | C
Manufacturing: Chinese Manufacturers Sidestep Trade Barriers by Buying Factories Overseas | W
Tech: Chip Shortage 2021: Semiconductors Are Hard to Make and That’s Part of the Problem | B

Virus
India’s Modeling Has Covid Outbreak Peaking in Coming Days | B
Covid vaccine makers’ shares seesaw after Biden administration says it will back patent waivers | C
IMF Sees Strong Economic Arguments for Removing Vaccine Barriers | B
The World Turns to China for Vaccines After India, U.S. Stumble | B

Offbeat
Trump Is Still Banned on YouTube. Now the Clock Is Ticking. | W
SEC to Explore Rules for Apps That ‘Gamify’ Trading, New Chairman Says | W