wiar 04-07-20

Mary FanslauWhat I Am Reading

April 07 (Tuesday)

YRI Express
Morning Briefing PDF 
Daily Markets

Markets
Dow rallies nearly 1,200 points as US coronavirus case growth rate appears to slow down C
Dow Industrials Rise About 6% W
Equities Surge, Bonds Decline on Easing Virus Toll B
Wall Street bounces back from a steep sell-off. Here’s what to expect next C
Investors should prepare for a ‘vicious spiral’ more than twice as bad as the financial crisis, says J.P. Morgan MW

Commodities
Oil drops 8% amid uncertainty over production cuts C
OPEC Seeks to Rally Producers Over Fears of Filled Storage W

Central banks
Fed Preparing to Purchase New Small Business Payroll Loans W
New York Fed Says Commercial Paper Facility Will Launch April 14 W

US
Jamie Dimon warns: We’re getting a ‘bad recession’ plus ‘financial stress’ like the 2008 crisis C
Janet Yellen says second-quarter GDP could decline by 30% and unemployment is already at 12%-13% C

Europe
Germany Plans ‘Limitless’ Credit Program for Small Companies B

US politics
Many Americans say $1,200 stimulus checks won’t be enough. What it would take to get more money C
Opinion: Congress should send everyone a $1,200 check every month MW
Coronavirus prompts government to loosen rules on tapping retirement savings
Trump Risks U.S. Jobs While Saving Apple’s at Austin Factory B
Pelosi, Democrats using coronavirus to push for big tax cuts for blue state residents

US politics II
Kudlow Says He Proposed ‘War Bonds’ for Coronavirus to Trump B
Stampede for emergency loans is crushing lenders, putting millions of small businesses at risk C
Restaurants, Hotels Won Ability to Get Small-Business Help W

Industries & companies
Financials: Coronavirus mortgage bailout: ‘There is going to be complete chaos,’ says industry CEO C
Financials: Bank of America sees booming rescue loan demand, with applications for nearly 10% of program C
Financials: Car Insurers Give Millions in Coronavirus Refunds W
Real estate: Tom Barrack on the Crisis in the Commercial Real Estate Market B
Utilities: PG&E’s Settlement With California Fire Victims Is Fraying W

Virus I
WHO says coronavirus vaccine and treatment research has ‘accelerated at incredible speed’ C
Trump Pushes Broader Use of Hydroxychloroquine Against Coronavirus W
Scientists Rush to Find Coronavirus Cure—but it Still Isn’t Fast Enough W
Here’s Why President Trump Should Love Face Masks W

Virus II
WHO says the coronavirus can spread one to three days before symptoms start C
CDC says three kids have died from suspected coronavirus in US as some children get severely sick C
The Coronavirus Pandemic Is Not Exponential

Virus III
South Korea Tamps Down Coronavirus, but Economy Remains Paralyzed W
After Coronavirus Successes, Asian Nations Forced to Tighten Curbs W
UK Prime Minister Boris Johnson in intensive care after coronavirus condition ‘worsened’ C

Virus IV
U.S. Death Toll From Virus Tops 10,000 W
Cuomo Says New York Deaths Signal Possible Plateau in Outbreak B
NY Gov. Cuomo doubles max fine for breaking coronavirus rules to $1,000 as cases rise C
NY Gov. Cuomo will ask Trump to allow coronavirus patients on Navy ship Comfort C

Virus V
Shipping Delays? Amazon Isn’t the Only Shop Online W
Coronavirus Hits Meat Plants W
For Grocers, Eggs Are Getting More Expensive W

Corporate finance
The No. 1 Source of Stock Demand Is a Goner, for Years to Come B

Offbeat
NYC education department tells principals to stop using Zoom, citing privacy concerns C
Spies, Unable to Telework, Adapt Their Access to U.S. Secrets W
FAA Devises Novel Strategies to Keep Air-Traffic Control Centers Running W

wiar 04-06-20

Mary FanslauWhat I Am Reading

April 06 (Monday)

YRI Express
Morning Briefing PDF 
Daily Markets

Markets
The Great Portfolio Stress Test: What One Bad Day Can Tell You BR
Oil set to ‘crater’ Monday as OPEC meeting delayed, tensions flare between Saudi Arabia and Russia C
Oil Investors Grow Desperate for Supply Cuts W
Active Managers Have Disappointed. But We Found Some Good Ones. BR

Credit
Most Bond Funds Have Been Beaten Up. It’s Time for a Gut Check. BR
Why Emerging Market Corporate Bonds Might Be Worth the Risk. BR
Supply-Chain Finance Is New Risk in Crisis W

Central banks
Fed’s Bullard says US economy not in ‘free fall’ despite 32% unemployment projection C
What Negative Interest Rates Really Mean for You BR

US
This Earnings Season, It’s the Adjectives That Matter BR
The jobs numbers have been so bad that even the good news is bad news C
State Shutdowns Have Taken at Least a Quarter of U.S. Economy Offline W
New York City’s Economy Is in the Crucible of the Crisis BR
What’s Next for the Rest of the U.S. BR

Europe
EU Steps Up to Fight Virus Crisis—And Show It Can Deliver W

China
Kept at Home, Many Chinese Fall Behind on Their Debts W

US politics
Governors Learn on the Fly How to Pitch Trump for Help W
Coronavirus live updates: US bank group warns of ‘massive’ delays in small-business rescue program C
Biden, Brain Trust Craft Agenda W

Industries & companies
Airlines: With Lockdowns, Airlines Learn to Manage Without Flying Many Planes W
Autos: Nissan-Renault’s Conundrum: How to Plan When ‘We’re Not Selling Anything’ W
Cruise lines: Carnival’s struggle to survive the coronavirus as outbreak wipes out the cruise industry C
FAANGs: A MacBook Air Review at the Worst Possible Time W
Materials: Big Stock Buys at Building-Materials Companies BR
Media: Google and Facebook Can’t Save the Advertising Industry This Time BR

Corporate finance
Bankruptcies won’t save retail this time C
If Companies Aren’t Buying Their Own Stock, Who Is? W

Virus I
U.S. Braces for Most Challenging Days Ahead in Pandemic W
Bill Gates calls coronavirus pandemic a ‘nightmare scenario,’ but predicts lower death toll than Trump C
America’s Hospital System Is About to Be Tested BR
Trump says 1,000 military personnel deploying to NYC, warns coming week toughest yet in virus fight C
Cuomo says New York could hit coronavirus peak in 7 days: ‘We’re not yet ready’ C
Coronavirus patients spend night on Navy hospital ship meant for non-infected New York patients C

Virus II
China is donating 1,000 ventilators to help New York in coronavirus fight C
Ventilator Manufacturing Ramps Up, but Not Quickly Enough W
The largest US employers are turning to thermometers to detect coronavirus C

Virus III
Pharmacies are struggling to keep key medication stocked as demand surges amid coronavirus outbreak C
As Countries Bar Medical Exports, Some Suggest Bans May Backfire W
Shortage of Test Components Forces Labs to Beg, Borrow and Improvise W
Amazon in contact with coronavirus test makers as it plans pandemic response C
States Try Curbing Malaria-Drug Hoarding Amid Unproven Coronavirus Benefit W

Cybersecurity
Zoom CEO: ‘I Really Messed Up’ on Security W

Technology
Reporting for Coronavirus Duty: Robots That Go Where Humans Fear to Tread W

Offbeat
How NYC moved the country’s largest school district online during the coronavirus pandemic C
New York Utility Workers Live at Job Site During Coronavirus Crisis W
The Big Question for Sports: When Will Fans Feel Safe? W

wiar 04-04-20

Mary FanslauWhat I Am Reading

April 04 (Saturday)

YRI Express
Morning Briefing PDF 
Daily Markets

YRI Press
Watch Ed Yardeni and David Herro discuss the ‘silver linings’ in the market C

Markets
Dow drops 300 points as Wall Street volatility continues C
Saudi Arabia, Russia Press U.S. to Coordinate Oil Cuts; Prices Rise W
Trump Administration Discussed Shutting Oil Production in Gulf of Mexico W

Central banks
Fed Cuts Pace of QE Treasury Buying to $50 Billion Per Day B
Fed Unlikely to Order Big U.S. Banks to Suspend Dividends W
Covid-19, cash, and the future of payments

Global
Coronavirus pandemic economic fallout ‘way worse than the global financial crisis,’ IMF chief says C

US
March Job Losses Signal Bigger Collapse W
U.S. Employers Cut 701,000 Jobs in March W
Another figure in the jobs report paints an even gloomier picture of the coronavirus damage C
Here are the industries suffering the biggest job losses in an initial look at coronavirus impact C
Companies Try to Preserve Jobs by Cutting Pay Amid Coronavirus Crisis W
Residential construction is bright spot in jobs report, but more workers start to stay home C

US politics
Bank of America says 58,000 small businesses have asked for $6 billion in loans since 9 a.m. C
Kudlow Doesn’t See Significant Barriers for Small Business Loans B
Administration to Pay Hospitals to Treat Uninsured Coronavirus Patients W
This Tax Policy Idea Wasn’t on the Table. Then Famous Chefs Called the President. W
Pelosi Pares Goals for New Stimulus Bill With Eye on Faster Help B

Industries & companies
Airlines: US airlines must apply soon for coronavirus relief grants — then comes the hard part C
FAANGs: Exclusive: Amazon to delay Prime Day sales event due to coronavirus R
Financials: Wells Fargo, Other Lenders Miss Debut of Rescue for Small Firms B
Media: Disney sets new dates for ‘Mulan,’ ‘Black Widow,’ ‘Jungle Cruise’ and more C
Retail: Under Armour to Furlough 6,600 Workers W

Virus I
NY Gov. Cuomo says state saw its biggest single-day increase in coronavirus deaths on Thursday C
WHO says ‘more and more’ young people are dying from the coronavirus C
Coronavirus live updates: Airlines ordered to give customers refunds, Fauci warns about ‘knockout drug’ C
Coronavirus Puts At-Risk Older Doctors in Harm’s Way W
ConEd Hit by Virus as Cases in New York Surge Past 100,000 B

Virus II
Video: UPMC Vaccine Press Conference
Here’s the study behind why NYC Mayor de Blasio now recommends masks in public C
3M, Under White House Attack, Pushes Back W
New York, New Jersey Seize Ventilators Before Pandemic Crests B
Pentagon adjusts coronavirus screening process for care on hospital ship in New York C

Technology
U.S. and Europe Look to Track People to Slow Spread of Coronavirus W

Offbeat
Photos of field hospitals set up around the world to treat coronavirus patients C
Pentagon Will Accept Virus Patients at Javits Center in New York B
How lockdowns will take their own toll on health R
In a Pandemic, a New Worry: Touching the Payment Screen W

wiar 04-03-20

Mary FanslauWhat I Am Reading

April 03 (Friday)

YRI Express
Morning Briefing PDF 
Daily Markets

Markets
Stock futures lower as indexes head for modest weekly losses C
Oil jump lifts Wall Street as jobless claims data surges R
Crude Leaps 25% on Hopes for End to Price War W
Trump’s Push for Huge Deal to Cut Oil Supply Draws Disbelief B
New Kind of U.S. Actively Managed ETF Starts Trading W

US
It could take 4 to 5 years for many Americans to recover wages lost to coronavirus C
Record 6.6 Million Americans Sought Jobless Benefits Last Week W
Job losses in March could be the worst in a decade, and that’s just the beginning C
Jobless Claim Surge Shows Pandemic Extending Its Grip W
Mortgage Defaults Could Pile Up at Pace That Dwarfs 2008 B

China
China’s New Coronavirus Policies Disrupt U.S. Air Cargo Operations W
Fresh Coronavirus Testing in China Finds More Symptomless Cases B

US politics
White House says small business lending program will be running Friday, even as JPMorgan says it’s not ready C
The Rush for $350 Billion in Small-Business Loans Starts Friday. Banks Have Questions. W
Government Doubles Interest Rate on SBA Loans After Banks Complain W
High Unemployment Numbers Show the CARES Act Is Doing Its Job
Democratic National Convention to Be Postponed Until Mid-August W

Industries & companies
Airlines: American Airlines cutting international summer schedule by 60% as coronavirus drives down demand C
Autos: Tesla soars on delivery numbers — company delivered 88,400 vehicles in Q1 C
FAANGs: Facebook expects to add 10,000 workers in product and engineering this year, says Sheryl Sandberg C
FAANGs: Amazon Has Hired 80,000 Workers Out of 100,000 Plan W
Industrials: GE to Furlough Thousands of U.S. Aviation Workers Due to Air Travel Slump W
Media: Disney to furlough non-union employees at theme parks, waives annual pass fees C
Pharma: Biotech Pioneer Amgen Joins Hunt for Coronavirus Drug W

Virus
U.S. Expected to Recommend Cloth Masks for Americans in Virus Hot Spots W
3M CEO Says Demand for N95 Masks Exceeds Its Capacity W
Trump Orders Output of Masks, Ventilators W
The Coronavirus Patients Betrayed by Their Own Immune Systems N
Defense department sees largest overnight spike in coronavirus cases C
Coronavirus Cases Top One Million Globally as Economic Toll Mounts W
The religious retreat that sparked India’s major coronavirus manhunt R

Technology
3-D Companies Tackle Coronavirus Supply Shortages W

Corporate finance
SoftBank Says It Won’t Buy WeWork Co-Founder Neumann’s Shares W
DOJ Probes Whether Taboola’s Deal to Buy Outbrain Would Harm Competition W

wiar 04-02-20

Mary FanslauWhat I Am Reading

April 02 (Thursday)

YRI Express
Morning Briefing PDF 
Daily Markets

Markets
Dow falls 900 points as Wall Street fears coronavirus will shut down economy longer than expected C
Stocks Fall 4% in Bleak Start to Second Quarter W
Just Like That, All the Confidence in the Stock Market Is Zapped B
Investors Are All Amateur Epidemiologists Now W
Brace for coronavirus fallout to take stocks to new lows, $107B money manager warns C
Whiting Petroleum Becomes First Major Shale Bankruptcy as Oil Prices Drop W
European Fund’s Investors Face Penalty Amid Losses W

US
March Factory Activity Gauge Just a Preview of April Stall W
Factories Cut Output, Jobs as Coronavirus Lockdown Bites W
U.S. Nonfarm Private Sector Lost 27,000 Jobs Amid Coronavirus W
White-Collar Job Security Exposes Huge Gap With Service Industry B
Coronavirus Pandemic Widens Divide Between Online, Traditional Businesses W
Who’s Hiring and Who’s Firing: How Firms Are Reacting to the Coronavirus W
Coronavirus Exacts Toll From Business Winners, Too W
Telemedicine, Once a Hard Sell, Can’t Keep Up With Demand W

US politics
Democrats Push to Address Infrastructure in Fourth Coronavirus Stimulus Package W
Treasury Department Selects Wall Street Banks to Advise on Airline Aid W
Trump to Meet With Oil CEOs About Helping Industry W
Biden Doubts Democratic Convention Can Be Held as Planned Due to Coronavirus W

Industries & companies
Autos: Worst yet to come as coronavirus takes its toll on auto sales C
FAANGs: Apple has a new agreement with Amazon that lets you rent movies through Prime Video on iPhone C
FAANGs: Amazon Struggles to Find Its Coronavirus Footing. ‘It’s a Time of Great Stress.’ W
Financials: Fed Temporarily Eases Capital Requirements for Big Banks W

Virus I
White House advisor Fauci says coronavirus vaccine trial is on target and will be ‘ultimate game changer’ C
Coronavirus could kill more Americans than WWI, Vietnam or Korean wars, White House projection shows C
Infected but feeling fine: The unwitting coronavirus spreaders
Why the Richest Country on Earth Can’t Get You a Face Mask W
China Asserts Claim to Global Leadership, Mask by Mask W
China hid extent of coronavirus outbreak, US intelligence reportedly says C
Trump says he doesn’t know if China underreported coronavirus numbers: ‘I’m not an accountant from China’ C
Italy’s Coronavirus Death Toll Is Far Higher Than Reported W

Virus II
Trump says he’s considering halting domestic flights between certain coronavirus hot spots C
New York City needs 3.3 million N95 masks and 400 ventilators by Sunday, Mayor de Blasio says C
Coronavirus live updates: US cases top 200,000, Georgia issues ‘shelter-in-place’ order C
Florida Issues Statewide Limits as U.S. Coronavirus Cases Mount W
The South, Sickest Part of a Sick America, Falls Prey to Virus B
Bend it like the Bay Area: Doctors see flatter curve after 2 weeks of social isolation

Virus III
Coast Guard: Cruise ships must stay at sea with sick onboard
Virus Grounds a U.S. Aircraft Carrier as Crew Quarantined in Guam W
Hospitals, Doctors Feel Financial Squeeze as Coronavirus Sweeps U.S. W
U.S. Plant Workplaces Emerge as Coronavirus Battlegrounds W

Corporate finance
AMC Entertainment Lenders Hire Lawyers for Restructuring Talks W
T-Mobile Absorbs Sprint After Two-Year Battle W
Xerox Is Ending Hostile Takeover Bid for HP W

Offbeat
Booming Interest in Zoom Cocktail Hours Comes With a Corporate Hangover W

wiar 04-01-20

Mary FanslauWhat I Am Reading

April 01 (Wednesday)

YRI Express
Morning Briefing PDF 
Daily Markets Overview

Markets
Dow drops 400 points as stocks close out their worst first quarter ever C
Cramer sees new five-minute test as possible turning point in coronavirus-driven market decline C
Oil-Price War Batters Poorer OPEC Members W
Food Security Fears Starting to Threaten Rice Exports in Asia B

Central banks
Fed Launches New Lending Facility for Foreign Central Banks W
Fed Takes on Role of World’s Central Bank by Pumping Out Dollars B

US
How Powell and Mnuchin Became the Duo in Charge of Saving the Economy N
How Mnuchin Became Washington’s Indispensable Crisis Manager W
Goldman sees 15% jobless rate and 34% GDP decline, followed by the fastest recovery in history C
Employers may drop 401(k) matches as companies look to cut expenses C
AI Hiring Expected to Show Resilience Amid Coronavirus Slowdown W

Geopolitics & trade
The Pandemic Won’t End Sino-American Tensions Over Huawei W
Huawei Warns U.S. of Retaliation by Beijing; Profit Growth Slows W

Industries & companies
FAANGs: Amazon and Microsoft actually ended the first quarter higher as most of the market tanked C
FAANGs: Amazon Struggles to Find Its Coronavirus Footing. ‘It’s a Time of Great Stress.’ W
FAANGs: NYC Mayor Bill de Blasio orders investigation of Amazon’s firing of strike organizer C
FAANGs: Apple Commits to Paying Contractors W
Retail: Largest US mall owner, Simon Property, furloughs 30% of workforce, adding to avalanche of coronavirus-related retail layoffs C
Retail: Walmart will start taking employees’ temperatures at all stores, distribution centers C

Virus I
U.S. Braces for Patient Surge as Virus Cases Climb W
Italy Hopeful That Coronavirus Pandemic Is Slowing Down W
Social Distancing Crushes Retail, Hotels, Dining B
U.S. Reviews Face-Mask Guidance as Europe Embraces Their Use W
Blood Plasma From Survivors Will Be Given to Coronavirus Patients N
FDA authorizes use of new two-minute test kit for coronavirus R
How Fauci Prods, Persuades Trump on Coronavirus Response W

Virus II
Hospitals Burn Through Cash While Congress Weighs Next Stimulus B
California Health Corps site scored 25,000 sign-ups in its first day, Governor Newsom says C
NYC to turn US Open tennis courts into hospital for coronavirus patients with hopes of playing in August, Mayor de Blasio says C
Rural hospitals and private medical practices struggle to stay open during the COVID-19 pandemic C
Coronavirus Prompts Hospitals to Find Ways to Reuse Masks Amid Shortages W
Aircraft carrier captain pleads for help after more than 100 crew are infected with coronavirus C
The Coronavirus Challenges Facing U.S. Farms: Get Workers, Keep Them Healthy W

Corporate finance
Caesars-Eldorado merger moving forward C
Xerox Is Ending Hostile Takeover Bid for HP W
Apple buys popular weather app Dark Sky and plans to shut down Android versions C

Technology
Charge a Car Battery in 5 Minutes? That’s the Plan

Cybersecurity
Watchdog Finds New Problems in FBI Surveillance Applications W

Offbeat
Washington State OKs Facial Recognition Law Seen as National Model W
Commerce Secretary Wilbur Ross works from home in Palm Beach as administration battles coronavirus C

wiar 03-31-20

Mary FanslauWhat I Am Reading

March 31 (Tuesday)

YRI Express
Morning Briefing PDF 
Daily Markets Overview

Markets
Wall Street rallies, led by healthcare jump R
Stocks continue their rebound from coronavirus plunge, Dow jumps 3% C

Commodities
Oil drops more than 6% to 18-year low as global demand evaporates C
Wheat and Rice Prices Surge in Coronavirus Lockdown W
Bacon Left Out of Surge Beef and Eggs Are Getting From Lockdowns B

Central banks
The Fed Transformed: Powell Leads Central Bank Into Uncharted Waters W
Bostic: Fed programs could be broadened if they have missed important parts of economy R
Janet Yellen Says Too Much Corporate Borrowing Will Hinder Economic Recovery W

US
Coronavirus job losses could total 47 million, unemployment rate may hit 32%, Fed estimates
Coronavirus jobs survey: 49% of companies considering layoffs, more than one-third freezing new hires C
Kohl’s will furlough about 85,000 employees, Macy’s furloughs majority as retailers cope with significant sales losses C
Fiat Chrysler temporarily cuts pay by 20% for salaried workers amid coronavirus pandemic C
U.S. pending home sales rise 2.4% in February R
Visa Says Consumer Spending Has ‘Sharply Declined,’ Even Online B
How to Avoid Another Great Recession W

China
A New Shortage in China’s Coronavirus-Hit Economy: Jobs for Biggest Graduating Class in Years W
Hidden Chinese Lending Puts Emerging-Market Economies at Risk W

US politics
After Three Coronavirus Stimulus Packages, Congress Is Already Prepping Phase Four W
U.S. to finalize fuel efficiency rewrite through 2026: sources R

Industries & companies
Autos: Coronavirus drives U.S. March auto sales off a cliff R
Pharma: Johnson & Johnson to Begin Human Trials of Covid-19 Vaccine by September W
Retail: Some Instacart and Amazon Workers Stay Home, Calling for More Pay in Coronavirus Pandemic W
Tech: Microsoft jumps 7% as cloud services see pickup C

Virus I
U.S. Extends Shutdowns as Virus Strains Hospitals W
Coronavirus live updates: USNS Comfort’s arrival draws crowds, nearly half of all companies considering layoffs C
Photos of the field hospital being built in New York’s Central Park C
Trump says a nationwide coronavirus stay-home order was discussed – but is ‘pretty unlikely’ for now C
Inside Sweden’s Radically Different Approach to the Coronavirus W

Virus II
Ford, GE plan to produce 50,000 ventilators in 100 days C
US industrial giant 3M scrambles to meet demand for face masks as coronavirus spreads C
Medical Companies Win Approval for Rapid Coronavirus Tests W

Corporate finance
Banks Stuck With $23 Billion of Loans for T-Mobile’s Sprint Deal B

Offbeat
I’ve Worked From Home for 22 Years. Here’s What I’ve Learned. W

wiar 03-30-20

Mary FanslauWhat I Am Reading

March 30 (Monday)

YRI Express
Morning Briefing PDF 
Daily Markets Overview

Markets
The Dow Ignored the Spread of Coronavirus Last Week. It Won’t Be Able to Anymore. BR
Bear-Market Rally Doesn’t Signal Quick Revival for Stocks BR
The traditional 60/40 retirement portfolio of stocks and bonds loses 20% for only the fourth time C
Father of Wall Street’s ‘fear gauge’ sees wild volatility continuing until coronavirus cases peak C
Muni Bonds Have Started to Rally. Why You Should Get on Board — and Where to Find Bargains. BR
Earnings Season Will Be Ugly, but These Charts Offer a Bit of Hope BR

Central banks
Washington Rearms Fed After Central Bank Unleashes Firepower W
Fed Considering Additional Support for State, Local Government Finance W

US
Pandemic Compels Historic Labor Shift W
What life is like now for the 3 million Americans suddenly out of work MW
The Class of 2020 Was Headed Into a Hot Job Market, Until Now W
Uber drivers struggle to find income amid coronavirus pandemic C

US politics
After Three Stimulus Packages, Congress Already Prepping No. 4 W
Layoffs Spike. Aid Is Near. Will It Be Enough to Help? BR
Lawmakers Pack Federal Stimulus Bill With Pet Provisions W
Coronavirus: New York pushes Democratic presidential primary to June C
New Jersey Gov. Phil Murphy announces 90-day grace period on mortgages C

Geopolitics & trade
U.S. Plans to Stop Collecting Import Tariffs for Three Months, Officials Say  W

Industries & companies
Agriculture: Coronavirus hits already struggling US farmers with drop in prices C
FAANGs: Amazon entices warehouse employees to grocery unit with higher pay C
Pharma: Gilead Revamps Emergency Request Process for Experimental Drug W
Pharma: Big Pharma and Biotech Need to Do More in the Fight Against Covid-19 BR
Restaurants: The Coronavirus X-Factor for Restaurants: Drive-Through W
Retail: Coronavirus: Mall owner Taubman is telling tenants they must pay rent C
Tech: 25 Tech Stocks for a Post-Coronavirus World BR

Virus I
Covid-19 Could Infect Millions of Americans, Fauci Says. Up to 200,000 Could Die. BR
Trump will not impose quarantine on New York, New Jersey, Connecticut C
New York Cases Top 50,000. Here’s the Testing and Hospital-Bed Situation. BR
Ohio Governor On Why He Ordered Early, Tough Coronavirus Lockdowns W

Virus II
Coronavirus live updates: Italy’s death toll climbs to 10,779, UK lockdown could last six months C
Delays Preparing for Coronavirus Spike Push Spain’s Health Services to the Brink W
Exodus of Workers Reveals the Limits of India’s Coronavirus Lockdown W
China Closed All Its Movie Theaters Again

Virus III
Coronavirus could become seasonal virus like flu, top infectious disease expert warns
Manufacturers Seek U.S. Help on Where to Ship Medical Goods W
President’s Equipment Czar to Use Full Powers to Fight Coronavirus W
Coronavirus: New York orders thousands of manually operated pump ventilators C
New York City hospital criticized for slow coronavirus protections C
Coronavirus: Regulations slow hiring of doctors and nurses, staffing firms say C

Offbeat
The US economy has come to a standstill, satellite imagery shows C
Coronavirus and weddings: How to negotiate refunds and conduct Zoom ceremonies C
Social distancing phenom: Drive-ins boom as movie theaters close C

wiar 03-28-20

Mary FanslauWhat I Am Reading

March 28 (Saturday)

YRI Express
Morning Briefing PDF 
Daily Markets Overview

Markets
Dow drops more than 900 points on Friday, but still finishes higher for the week C
Stocks Drop, Pulling Back After Three-Day Rally W
High-Frequency Traders Feast on Volatile Market W

Central banks
Fed Considering Additional Support for State, Local Government Finance W

US
Coronavirus Measures Could Cut Economic Activity by a Quarter, Report Says W
Expect the Unexpected After the Crisis: Inflation

US politics
Trump to sign $2 trillion coronavirus relief bill at 4 pm C
Struggling Americans Can Tap 401Ks With Coronavirus Bill B
How airline workers won a $32 billion lifeline in the contentious coronavirus relief bill C
Joe Biden and Bernie Sanders haven’t aired TV ads in nearly 2 weeks as coronavirus spreads C

Industries & companies
Aerospace: Boeing to Emerge as Big Stimulus Winner W
Airlines: United Airlines warns aid isn’t enough to avoid workforce cuts C
Airlines: Southwest Says It’s Losing ‘Big Money’ on Every Flight B
Financials: ‘No layoffs’ — Bank of America CEO doesn’t want workers worrying about jobs during coronavirus crisis C
Financials: Banks Expect U.S. Crude’s Worst Year Since 2003 W
Industrials: Industrials track for best week ever, and these stocks could be a buy C
Retail: Kroger, Walmart have already hired tens of thousands of new employees C
Tech: One Business Winner Amid Coronavirus Lockdowns: the Cloud W

Virus I
U.S. Coronavirus Cases Approach 100,000; Boris Johnson Tests Positive W
Coronavirus live updates: France reports new spike in deaths, Congress green-lights relief bill C
Italy’s Slow Progress in Fighting Coronavirus Is a Warning to West W
San Francisco’s early restrictions seem to be helping hospitals avoid coronavirus overload — so far C
Coronavirus deaths in New York state break 500, Gov. Andrew Cuomo extends school closures C
Rhode Island Police to Hunt Down New Yorkers Seeking Refuge B
Four dead on Carnival-owned cruise ship amid new coronavirus outbreak aboard C

Virus II
Dr. Birx: Coronavirus Data Doesn’t Match The Doomsday Media Predictions
Man who spooked the world with coronavirus model walks back his prediction | Neil Ferguson Twitter
Don’t believe the headlines saying half the UK has had coronavirus
Univ. of Washington researchers predict 80,000 COVID-19 deaths in U.S. by July
Coronavirus modelers factor in new public health risk: Accusations their work is a hoax WP
Coronavirus: White House health advisor Fauci says US needs to be prepared for second cycle C
Sweden bucks global trend with experimental virus strategy FT

Virus III
Trump Orders General Motors to Make Ventilators W
WHO officials enroll first patients from Norway and Spain in ‘historic’ coronavirus drug trial C
Abbott Launches 5-Minute Covid-19 Test for Use Almost Anywhere B
Health Surveillance Is Here to Stay W
MIT Researchers Launch Location-Tracking Effort for the New Coronavirus W
Europe Tracks Residents’ Phones for Coronavirus Research W

Corporate finance
ViacomCBS Seeks to Raise $2.5 Billion in Debt Amid Stiff Coronavirus Headwinds W

Offbeat
Safety Advice If You Must Visit the Grocery Store W
A Real Digital Infrastructure at Last W

wiar 03-27-20

Mary FanslauWhat I Am Reading

March 27 (Friday)

YRI Express
Morning Briefing PDF 
Daily Markets Overview

Markets
Dow rallies more than 1,300 points, capping its biggest 3-day surge since 1931 C
Dow Enters New Bull Market With a 6% Rally W
Technically Speaking, the Dow Just Rocketed Out of a Bear Market B
Executives are buying stock in droves, giving a ‘strong’ signal that the comeback is for real C
Corporate Insiders Are Betting on a Rebound in Stocks W
Investors, Fearing Defaults, Rush Out of Junk Bonds W

Central banks
Fed to Launch Multitrillion Dollar Helicopter Credit Drop B
How the Fed’s Magic Money Machine Will Turn $454 Billion Into $4 Trillion N
How Far Could the Fed Go in Responding to COVID-19?

US
Powell Says Economy May Be in Recession, Virus Will Dictate Timetable W
Markets take 3 million claims in stride and now brace for ‘tsunami of negative news’ C
Record Rise in Jobless Claims Halts Historic Run of Employment Growth W

Europe
Europe Opts for Economic Freeze in Coronavirus Tradeoff W

China
China Seals Borders to Most Foreigners Starting Saturday B

US politics
House Ponders How to Pass Stimulus Without Spreading Coronavirus W
Spend Generously, Take Care of Workers: Coronavirus Stimulus Takes Lessons From TARP W
What’s in the $2 Trillion Senate Coronavirus Bill W
Small businesses get help in coronavirus relief bill. Advocates hope it’s enough C
Coronavirus stimulus checks will come within three weeks, Mnuchin says C
U.S. to Take Stakes in Airlines in Exchange for Grants, Mnuchin Says W
Relief Package Would Limit Coronavirus Damage, Not Restore Economy W
Congress’s coronavirus bill: A good start, but not yet a cure for an economic meltdown

Geopolitics & trade
U.S., China Trade Blame for Virus, Hampering Global Economy Rescue W

Industries & companies
Autos: Car Dealers Push Online Sales to Make Up for Coronavirus Losses W
FAANGs: ‘They’re putting us all at risk’: What it’s like working in Amazon warehouses amid coronavirus C
FAANGs: For Apple, Gauging iPhone Demand Gets Much Tougher W
Cruise lines: Major cruise lines could be left out of the coronavirus stimulus bailout C
Media: ViacomCBS’s Free Fall Forces Parent to Give Up Borrowing Power W
Media: Coronavirus Quarantine Boosts Streaming Video, but Not Advertising Yet W

Virus I
Trump Says Parts of U.S. Could Go Back to Work in a Few Weeks W
Trump plan calls for classifying coronavirus risk county by county C
Should We Wait Until Easter? W | UK has enough intensive care units for coronavirus, expert predicts

Virus II
Bill Gates says we can’t restart the economy soon and simply “ignore that pile of bodies over in the corner”
Fauci says US ‘can start thinking about’ getting back to normal when coronavirus spread slows C
Coronavirus updates: Cases top 500,000 amid warnings pandemic may be deadlier than 1918 flu C
New York coronavirus cases soar to 37,258 as state scrambles for ventilators C