wiar 07-17-20

MFwebsite2020researchWhat I Am Reading

Jul 17 (Friday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stocks End Lower as Economic Concerns Flare Up | W
Active ETF Launches Are Outstripping Passive for First Time | B

Central banks & credit
Fed Bought $12 Million in One Day of Main Street Loan Purchases | B
Lagarde Says ECB Won’t Be Constrained in Fight Against Virus | B
NY Fed’s Williams says it could take time to dig economy out of ‘very deep hole’ | R
Negative U.S. rate bets persist, but seen unlikely to happen | R

Commodities & currencies
The world loves the US dollar. Trump and the pandemic could change that | NN
You say high inflation, I say show me the currency devaluation | FT

US I
U.S. Retail Sales Rose 7.5% in June as Stores Reopened | W
Consumers spent at pre-Covid levels, but virus spread and jobless rate could make economic boost temporary | C
Virus surges. Work hours plateau. U.S. may be flattening the wrong curve | R
US Unemployment Benefits Applications Post Smallest Week Decline | B
U.S. Jobless Claims Held Nearly Steady at 1.3 Million in July 11 Week | W

US II
30-Year Mortgage Rate Reaches Lowest Level Ever: 2.98% | W
Restaurant reopening reversals are a disaster for farmers | NN
CDC bans U.S. cruises through September, citing expanding coronavirus outbreaks | C
Biden committees raise nearly $100 million as Spielberg, James Murdoch, others donate | C

China
The $52 Trillion Bubble: China Grapples with Epic Property Boom | W
China’s Economy Appears Back on Track, but Challenges Remain | W

US policies & politics
Coronavirus stimulus: Nancy Pelosi discusses next relief bill | C
White House Says Stimulus Bill ‘Must’ Include Payroll Tax Cut | B
GOP Senators Move Ahead With Coronavirus Liability Plan | W
Explainer: U.S. Congress readies $740 billion defense bill covering far more than bullets | R
Trump campaign aims to reset with staff shake-up, sharpened data focus | R
Sens. Elizabeth Warren and Bernie Sanders slam Trump for giving Gilead ‘windfall’ deal for coronavirus drug | C
Cuomo slams Trump coronavirus response as ‘virus of American division and federal incompetence’ | C

Geopolitics & trade
Hong Kong reverts to China tariffs under Trump order, impact limited: trade lawyers | R
Trump Administration Discussing Travel Ban on China’s Communist Party Members | W
Could Trump Win the War on Huawei—and Is TikTok Next?
Barr slams U.S. tech for becoming ‘pawns of Chinese influence’ | C
U.S. Files First Case for Violation of North Korea Sanctions | W

Industries & companies
Airlines: American Targets New York Expansion With JetBlue Pact | W
Consumer: CEO of Lysol maker: Sales are up as a result of coronavirus pandemic | C
FAANGs: Netflix adds more than 10 million new subscribers and names Sarandos co-CEO, but stock is tanking | MW
Financials: Trading Powers Morgan Stanley to 45% Profit Jump | W
Financials: A $35 Billion Bite From U.S. Bank Profits May Only Be the Start | B
Financials: Bank of America Sees Reasons for Optimism in a Coronavirus Economy | W
Media: These charts show why studios are likely to delay ‘Tenet’ and ‘Mulan’ | C
Retail: Which Stores Are Opening or Closing Amid the Covid Retail Shakeout? | W

Virus I
Top HHS official says closing indoor bars and wearing masks will ‘shut down’ coronavirus outbreaks | C
Johnson & Johnson Readies to Start Covid-19 Vaccine Studies | W
Growing Wait Times for Covid-19 Test Results Hinder Virus Response | W
Blood types and coronavirus: Are certain types more vulnerable to Covid-19? | NN

Virus II
School reopenings: Several big US school districts extend remote classes into the fall | NN
Will Schools Reopen on Time? More Leaders Are Saying No | W
The coronavirus pandemic child care crisis, in 11 numbers
Covid-19 Infections on the Rise in Kids and Teens | B

Virus III
Coronavirus data disappeared after Trump administration shifted control from CDC | C
These are the states requiring people to wear masks when out in public | NN
In Texas, a Doctor Fights the Surge and Gets Covid-19; ‘I Cry Every Day’ | W

Cybersecurity
Russian Hackers Blamed for Attacks on Coronavirus Vaccine-Related Targets | W
EU’s Top Court Restricts Personal-Data Transfers to U.S., Citing Surveillance Concerns | W
Twitter hack: How hackers gained access to accounts | C
Twitter stepped up search to fill top security job ahead of hack | R
Why Hackers Use Bitcoin and Why It Is So Difficult to Trace | W

Offbeat
What Donald Trump Could Learn From Playing Poker
Opinion | My Small Alabama Town, Masked and Unmasked | N
Warren Buffett reaps $40 billion from giant Apple stake since March bottom | C

wiar 07-16-20

MFwebsite2020researchWhat I Am Reading

Jul 16 (Thursday)

YRI
Morning Briefing PDF
Daily Markets

Markets
U.S. Stocks Finish Higher After Promising Vaccine Study | W
Wall Street ends higher on vaccine bets, Goldman results | R

Central banks
NY Fed’s Logan says market functioning has improved but officials remain vigilant | R

US
U.S. Industrial Production Picked Up Again in June | W
U.S. firms saw uptick in activity but virus surge weighs, Fed survey shows | R
Covid-19 Whiplash Jolts California’s Small Businesses | W
‘My PPP loan allowed me to reopen, but it is not going to allow me to stay open’ | MW

US policies & politics
2020 election news: Donald Trump vs. Joe Biden swing state polls | C
With Joe Biden ahead in polls, $15 minimum wage could get another push | C
Trump needs an economic agenda for reelection before Biden defines him | C
Alabama, Texas Primary Results Show Power of Trump Endorsements | W
Trump to Put New Environmental Review Rules into Force | W

Geopolitics & trade
Outrage Over China’s Treatment of Hong Kong Galvanizes the West | W
Trump Leans Against Sanctions on Chinese Officials for Now | B
U.S. Sanctions on Hong Kong Security Law Put Banks in a Quandary | W
U.K. to Ban Huawei From Its 5G Networks Amid China-U.S. Tensions | W

Industries & companies
Consumer: Coronavirus Has Americans Hooked on Canned Tuna, and Producers Are Playing Catch Up | W
FAANGs: Apple Scores Legal Victory Against $14.9 Billion E.U. Tax Demand | N
FAANGs: Amazon Extends Work From Home for Corporate Employees Until 2021 | B
FAANGs: Amazon Echo Buds headphones overheat warning sent to customers | C
FAANGs: Google bundles video calls and chat into Gmail for business users | C
FAANGs: Searching for Video? Google Pushes YouTube Over Rivals | W
FAANGs: Facebook new section to debunk coronavirus myths | C
Financials: Biggest Banks Gain $10 Billion on Fed Moves to Open Debt Markets | B
Financials: Goldman’s Traders, Bankers Keep Profit Steady While Rivals Falter | W
Financials: Bank of New York Mellon’s Lower Interest-Revenue Forecast Pushes Down Shares | W
Restaurants: Chipotle Adds Drive-Through Lanes and Staff | W
Retail: Walmart to Require Shoppers to Wear Masks in All U.S. Stores | W
Retail: As virus-wary shoppers opt for online purchases, retailers pay the price | R

Corporate finance
Google to Invest $4.5 Billion in India’s Jio Platforms | W
Uber, Amazon and other tech deals plow ahead despite coronavirus, antitrust scrutiny | C

Virus I
How Taiwan beat the coronavirus | C
Why Arizona Wasn’t Ready for Its Coronavirus Surge | W
How to restart unemployment benefits if your work shuts down again
Fauci calls White House criticism of him bizarre, says ‘let’s stop this nonsense’ and fight coronavirus | R

Virus II
Employees Feel Pressured as Bosses Order Them Back to Offices During Pandemic | W
Zoom Targets Prolonged Remote-Work Era as Coronavirus Drags On | W
‘Are They Setting My Children Up for Failure?’ Remote Learning Widens Education Gap. | W

Offbeat
You’re Doomscrolling Again. Here’s How to Snap Out of It. | N
Wirecard Boasted of Hundreds of Partnerships. Some Were Less Than Meets the Eye. | W
Deepfake used to attack activist couple shows new disinformation frontier | R

wiar 07-15-20

MFwebsite2020researchWhat I Am Reading

Jul 15 (Wednesday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stock market today: Dow rises for a third straight day, rallies more than 500 points as Caterpillar leads | C
Why the S&P 500 doesn’t underperform despite U.S. inability to contain COVID-19 | MW
Dow futures jump 200 points after Moderna says its vaccine produces antibodies to coronavirus | C
Asian markets set to shake off coronavirus spread, U.S.-China tensions | R

Central banks
Fed officials warn on ‘thick fog’ ahead for U.S. economy as recovery concerns deepen | R
Fed’s Brainard Sees Substantial Economic Risks and Slow Recovery | W
Fed’s Bullard Says Economy Can Rebound in Second Half of Year | W
Fed’s Kaplan says the U.S. economy will see above-trend growth in 2021 | C

US
Inflation Expectations Are Wrong, Which Is Good | W
U.S. June Consumer Prices Rose Sharply as Reopenings Prompted More Buying | W
New Ivanka Trump initiative tells out-of-work Americans to ‘find something new’ | NN

Emerging
Lower Borrowing Costs Can’t Save India’s Shadow Banks in Crisis | B

Japan
Japan manufacturers’ mood pinned near 11-year lows as pandemic hammers global demand | R

US policies & politics
Trump Administration Asserts Control Over Coronavirus Data | N
Trump says U.S. would have half the number of coronavirus cases if it did half the testing | C
Trump administration rescinds order blocking foreign students taking classes online from living in the U.S. | C
Joe Biden Unveils $2 Trillion Plan to Combat Climate Change | W

Geopolitics & trade
Trump says he is ‘not interested’ in trade talks with China | R
Trump says he signed executive order ending preferential treatment for Hong Kong | R
Trump signed law slapping sanctions on China for interference in Hong Kong | C

Industries & companies
Aerospace: Boeing Reports More MAX Cancellations | W
Airlines: Delta Trims Flying Amid Coronavirus Pandemic | W
Autos: Auto Makers Grapple With Worker No-Shows as Covid-19 Cases Surge | W
Autos: Texas county approves tax breaks for a new Tesla factory near Austin | C
Autos: GM Faces Battle in China to Regain Lost Ground | W
Biotech: Biopharma NanoViricides sees stock soar on coronavirus claims | C
FAANGs: Amazon launches neighborhood health clinics for warehouse workers | C
Financials: Despite recession, JPMorgan Chase just posted record revenue — here’s how they did it | C
Financials: ‘This Is Not a Normal Recession’: Banks Ready for Wave of Coronavirus Defaults | W

Virus I
Moderna’s Covid-19 Vaccine Moves to Bigger Study | W
Moderna shares jump as much as 16% after company says its coronavirus vaccine trial produced ‘robust’ immune response | C
Fauci hopeful that vaccines will give coronavirus immunity in 18 months | BI
Coronavirus vaccine is closer than the market thinks: Jeremy Siegel | C
We’re wasting time talking about herd immunity (opinion) | NN

Virus II
CDC says U.S. could get coronavirus under control in one to two months if everyone wears a mask | C
Opinion | A Shutdown May Be Needed to Stop the Coronavirus | N
As U.S. Surge in Coronavirus Cases Continues, Some States Tighten Rules | W
Israelis Fear Schools Reopened Too Soon as Covid-19 Cases Climb | W
Coronavirus: RNC considers holding August convention in Florida outdoors | C

Offbeat
Opinion | 10 Theses About Cancel Culture | N
Supreme Court Justice Ruth Bader Ginsburg hospitalized for possible infection | C

wiar 07-14-20

MFwebsite2020researchWhat I Am Reading

Jul 14 (Tuesday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Nasdaq, S&P 500 turn negative, as falling tech stocks outweigh renewed hope for coronavirus vaccine | MW

Central banks
Federal Reserve’s $3 trillion virus rescue inflates market bubbles | R
Want more jobs? Wear a mask, says Fed’s Kaplan | R
Fed’s Williams: SOFR Rate System Has Performed Well During Coronavirus Crisis | W

US
‘I Can’t Keep Doing This.’ Small Business Owners Are Giving Up. | N
The Pandemic Has Accelerated Demands for a More Skilled Work Force | N
Opinion | It’s 2022. What Does Life Look Like? | N
Coronavirus Spending Pushed U.S. June Budget Gap to $864 Billion, Treasury Says | W
U.S. June deficit surges to $864 billion | R
Robert Shiller warns that urban home prices could decline | C

US policies & politics
McConnell Says GOP Will Pitch Its Own Stimulus Plan Next Week | B
Trump swipes at Fauci, CDC as U.S. coronavirus cases rise | R
EPA to Retain Ozone Standard Set by Obama Administration | W
More than 200 schools, 17 states back lawsuits against Trump over international student rule | C

Geopolitics & trade
U.S. Set to Reject Certain Chinese Maritime Claims in South China Sea | W
White House adviser: U.S. still engaging on Phase One China trade deal | R

Industries & companies
Airlines: American Airlines to warn pilots this week about potential furloughs | C
Consumer: At PepsiCo, Quarantine Snacks Offset Drop in Soda Sales | W
FAANGs: Amazon restricts warehouse storage to prepare for holiday rush | C
Homebuilders: Homebuilders just saw the strongest June sales since the last housing boom | C
Media: A Bold Move to Remove Formal Policies Shapes Netflix Culture | W
Theme parks: ‘The beginning of a horror movie’? Disney World slammed as doors reopen amid spiking coronavirus cases | MW
Theme parks: Disney Closing Hong Kong Property as Government Looks to Halt Virus | W

Virus I
WHO says U.S. and Brazil accounted for half of new daily coronavirus cases | C
Coronavirus case averages reach record highs in more than a third of U.S. states as deaths climb | C
Fauci says U.S. coronavirus cases are surging because nation didn’t shut down | C

Virus II
California to close indoor restaurants, movie theaters and bars statewide as coronavirus cases rise | C
Data will determine where schools can open in New York in September, Gov. Cuomo says | MW
Coronavirus: NY Gov. Cuomo says he won’t use kids as ‘guinea pigs’ | C
L.A. and San Diego schools to resume online-only instruction in August | R
Coronavirus-related syndrome surfaces in older adults; stillbirths cause worry | R

Corporate finance
Google to Invest $10 Billion in India | W
Analog Devices to Buy Maxim Integrated for Over $20 Billion | W
Microsoft spins off Xiaoice chatbot for Chinese users | C

Offbeat
How Schools Can Reopen Safely: Recommendations from Health Experts | W
Jobs from home: As more people telecommute, the office market could shrivel | USA
This could be the end of office wear | NN

wiar 07-13-20

MFwebsite2020researchWhat I Am Reading

Jul 13 (Monday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Nasdaq stocks led by Tesla continue their blistering run while chill envelops rest of the market | C
Shares by the slice: Fractional investing sparks a stock market stampede | WP
A bull market returns – Stockmarket mania comes to China again. Can it last this time? | E
China Opts for Stability and Cools Off Overheating Stock Markets | BR

Commodities
Lumber Prices Rally Explosively Off Their April Lows | BR
This Is What It Looks Like When a Texas Oil Boom Busts | W

Central banks
Fed, Treasury Disagreements Slowed Start of Main Street Lending Program | W

US
S&P 500 earnings set to plunge as the coronavirus batters all sectors — counting on a bounce that may not come | MW
‘Epic failure’: U.S. election officials warn of November chaos due to budget crunch | R

Asia
Why China Isn’t Expected to Power a Global Recovery | W
Over 600,000 Hong Kongers cast ‘protest’ vote against new security laws | R

Europe
Op-Ed: Germany’s Merkel faces test that will shape EU after coronavirus | C

US policies
How to wind down stimulus – As the economy recovers fiscal policy has to shift | E
The Biden-Sanders climate-change policy pact: 8 key features | MW

Geopolitics & trade
Trump Expected to Take Action Against TikTok, WeChat: Navarro | B
The tech cold war is heating up – TikTok and the Sino-American tech split | E
Explosions and suspicion – A better way to contain Iran’s nuclear programme | E
U.S. Prepares to Levy Tariffs on French Cosmetics, Handbags | W

Industries & companies
FinTech: ‘Buy Now Pay Later’ Is Having a Moment as Pandemic Changes Shopping Habits | W
Media: Disney World Reopens With Masks and Without Lines | W
Retail: Best Buy Founder Richard Schulze Sells Big Block of Stock | BR
Tech: Quit Chrome. Safari and Edge Are Just Better Browsers for You and Your Computer. | W
Wireless: Nokia Stands to Gain From 5G Spending. And Its Stock Is Cheap. | BR

Virus I
US coronavirus: Florida sets new single-day record for new Covid-19 cases of any state nationwide | NN
Trump wears coronavirus mask during public visit to Walter Reed military hospital | C
As Covid-19 Vaccine Development Pushes Ahead, Researchers Probe Safety | W

Virus II
What Is ‘Alternative Data’ and How Is Wall Street Using It? | B
What We Know About Children and Covid-19 | W
From Flour to Canned Soup, Coronavirus Surge Pressures Food Supplies | W

Virus III
Testing times – Infections in India are soaring, but increased testing will help | E
Lock, unlock, repeat – Australia’s second city faces a new wave of contagion | E

Offbeat
Coronavirus relief: Stockton, CA gives residents $500 per month | C

wiar 07-11-20

MFwebsite2020researchWhat I Am Reading

Jul 11 (Saturday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Don’t the Markets Know We’re Living in a Disaster Movie? | N
Take Five: A bull with underlying health conditions | R
Treasury Yields Climb After Hitting Lowest Levels Since Spring on Covid-19 Concern | W

Central banks
Fed Nibbles at Corporate Bonds With No Takers for Direct Loans | B
Fed Discloses More Corporate Bond and ETF Purchases | W

US
U.S. producer prices unexpectedly fall; underlying inflation stabilizing | R
Cash-strapped New Jersey to borrow up to $9.9 billion under deal | R
Real-time data is showing that the coronavirus is causing ‘widespread’ economic damage | C
What Jobs Were Hit Hardest by Coronavirus – and Which Have Bounced Back | W
Yes, you can restart unemployment benefits if you’re laid off again | C
For Pensions, Valuing Real Estate Is Tough. Covid-19 Brings New Hurdles | W

US policies & politics
Goodbye, extra $600: Unemployment benefits won’t exceed former wages in next stimulus bill, Treasury’s Mnuchin says | MW
Top economists say next coronavirus relief bill should be $1.5 trillion at minimum and hopefully larger | MW
The cost of Biden’s economic plan to the stock market is more than you might think | MW
With resurgence of COVID-19 cases in the U.S., Trump signals rift with Fauci: ‘He’s made a lot of mistakes’ | MW
‘Epic failure’: U.S. election officials warn of November chaos due to budget crunch | R

Geopolitics & trade
Trump says U.S.-China relationship damaged, phase 2 trade deal not a priority | C
U.S. Targets Soap But Not Wine in Counter to French Digital Tax | B
U.S. National Security Panel Examining Chinese Investors’ Purchase of Pharma Firm | W
U.S. slaps French goods with 25% tariff over digital tax, but delays effective date | R

Industries & companies
Airlines: American Airlines Has Threatened to Cancel Some Boeing 737 MAX Orders | W
FAANGs: Facebook Said to Consider Banning Political Ads | NYT
FAANGs: Apple iOS 14 privacy improvements: visual notifications | C
Consumer: Oreo-Maker Mondelez Plans to Kill One of Every Four Products | B
Cruise-lines: Carnival to Shed 13 Ships as Covid-19 Shrinks Business | W
Retail: First-quarter retail industry operating income falls 58% | C
Retail: Brooks Brothers Gets Bankruptcy Loan With Zero Interest Rate | B
Retail: Canada Goose CEO says experiential store is ‘a break from the insanity’ | C
Tech: Spotify, Tinder, Other Apps Suffer Outages Due to Facebook Glitch | W

Virus I
Record New Cases, Surging Hospitalizations, Rising Deaths: This Week in COVID-19 Data, July 9 | CTP
Coronavirus deaths tick up in Florida, Texas, California, Arizona | C
Florida county has a third of Covid-19 tests come back positive as the US breaks another case record – CNN
Georgia governor reopens coronavirus field hospital at Atlanta convention center | C

Virus II
CRISPR Comes To COVID: A Pandemic Pivot And The Push For A Simple Coronavirus Test
Gilead says coronavirus drug remdesivir can reduce risk of death, but analysts need more proof | MW
German Biotech Sees Its Coronavirus Vaccine Ready for Approval by December | W
Pandemic exposes scientific rift over proving when germs are airborne | R
Scientists focus on how immune system T cells fight coronavirus in absence of antibodies | R

Virus III
CDC won’t revise guidelines for reopening schools, despite Trump criticism | MW
Mississippi lawmakers get coronavirus after refusing to wear masks – CNN
Labor Department Officials Quarantine After Meeting With White House Staffer Who Tested Positive for Covid-19 | W

Corporate finance
Rivian Raises $2.5 Billion as Investors Chase Electric-Car Buzz | W
Venture-backed Silver Peak Is Said to Explore $1 Billion Sale | B

Offbeat
Germany Probes Possible Money Laundering by Wirecard Executives | W
Why Is a Tech Executive Installing Security Cameras Around San Francisco? | N

wiar 07-10-20

MFwebsite2020researchWhat I Am Reading

Jul 10 (Friday)

YRI
Morning Briefing PDF
Daily Markets

Markets I
U.S. Stocks Drop as Investors Grow Cautious About Reopening | W
Stock futures open flat after Thursday’s wild session | C
Companies Raised Record Amounts by Selling Stock During Covid-19 Crisis | W

Markets II
Why ‘safe haven’ gold and the stock market are now moving the same direction | MW
Miserable Economic Outlook Could Yield Record Gold Prices | W
Oil Went Below $0. Some Think It Will Rebound to $150 One Day. | W

Markets III
China’s Markets Rally on Optimism Economy Is Shaking Off Covid-19 Pandemic | W
China’s ‘Too Fast, Too Sudden’ Bond Rout at Mercy of Stock Rally | B

Central banks
Fed balance sheet below $7 trillion, repo drops to zero for first time since September | R
Has The Fed Launched A Yield-Curve-Control Policy For Treasuries?

US
U.S. recovery in limbo as retail traffic falls in virus hot spots | R
Weekly jobless claims near four-month low; millions drawing unemployment benefits | R
Coronavirus Bankruptcies: How Covid-19 Is Impacting Business | B
Revolving Credit Debt Drops to Lowest Since Great Recession | C

US politics I
Has the U.S. Government Finally Spent Too Much?
Supreme Court Paves the Way for N.Y. Prosecutor to View Trump Taxes | W
Coronavirus stimulus: Steven Mnuchin discusses next relief bill | C

US politics II
Biden uses progressive message to roll out his moderate economic plan | C
Biden Outlines $700 Billion Economic-Revival Plan | W
Biden, Democrats aim to close racial wealth gap with new credit bureau | C
Biden says investors ‘don’t need me,’ calls for end of ‘era of shareholder capitalism’ | C
U.S.-China Under Biden? Mapping Strategy, Tactics: Chart | B

Geopolitics & trade
TikTok Considers Changes to Distance App From Chinese Roots | W

Industries & companies
Manufacturing: Harley-Davidson to Cut 13% of Global Workforce | W
Media: Lack of insurance threatens supply of Hollywood films, TV shows in 2021 | R
Pharma: Vaccine Stock Soars, Rewarding Investor’s Big Bet | W
Retail: Walgreens to Cut 4,000 Jobs in U.K. Boots Stores, Suspend Buybacks | W

Virus I
Coronavirus records in Florida, Texas and California erode hopes of economic revival | R
Covid-19 Test Results Take Longer as Infections Rise Sharply | W
Behind New Covid-19 Outbreaks: America’s Patchwork of Policies | W

Virus II
Herd Immunity May Be Closer Than You Think | W
How the Coronavirus Short-Circuits the Immune System | N
Why is COVID-19 so deadly to elders?
Airborne transmission of coronavirus in restaurants, gyms and other closed spaces can’t be ruled out, WHO says | C
Will wearing a face mask protect you from COVID-19? It’s complicated. Here are the 5 biggest mask myths | MW

Technology
Tyson Turns to Robot Butchers, Spurred by Coronavirus Outbreaks | W

Offbeat
Robinhood Has Lured Young Traders, Sometimes With Devastating Results | NYT
The Young People Living With Parents in the Pandemic

wiar 07-09-20

MFwebsite2020researchWhat I Am Reading

Jul 09 (Thursday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stock market today: Dow rises more than 150 points as Apple hits record, leads tech higher | C
U.S. Stocks Climb While China Rally Powers Ahead | W
Gold ETF Inflows Hit Record as Bullion Rally Continues | W
Chinese Tech Firms Get Trading Boost From Hong Kong Listings | W

Central banks
Covid Still Poses Challenges for Financial System, Fed’s Quarles Says | W
Fed’s Bullard sees unemployment falling to as low as 7% this year | C

US
Two-thirds of laid off workers eligible for benefits that exceed their wages: NBER paper
Nearly 70,000 Tech Startup Employees Have Lost Their Jobs Since March | W
Coronavirus Moves NYC Affordable Housing Crisis to Breaking Point | B
Apple Maps driving activity is slowing again in warning sign for the economy | C

US policies & politics
Harvard, MIT Sue Trump Administration Over International-Student Policy | W

Geopolitics & trade
As Chinese Trade Surpluses Persist, So Will Risk of Trade Wars | W
TikTok, Once an Oasis of Inoffensive Fun, Ventures Warily Into Politics | W

Industries & companies
Airlines: United Airlines Warns It May Furlough 36,000 Staff | W
FAANGs: Vast majority of Apple stores closed due to Covid-19 are in U.S. | C
FAANGs: Amazon sellers in the U.S. will have to list their names and addresses | C
FAANGs: Amazon pulls Washington Redskins merchandise | C
Media: Disney World Set to Reopen With Capacity Limits, Strict Rules | W
Retail: Brooks Brothers, Founded in 1818, Files for Bankruptcy | N
Retail: Bed Bath & Beyond (BBBY) reports Q1 2020 loss, 200 store closures | C

Virus I
U.S. Hits 3 Million Confirmed Coronavirus Cases | W
Coronavirus: Trump threatens to cut school funding, slams CDC reopening guidelines | C
CDC director says there’s no data children drive coronavirus spread — but the U.S. isn’t testing many kids | C
Contact Tracing Isn’t Keeping Up With America’s Reopening | W
Coronavirus: Illinois Gov. Pritzker says states were forced compete in ‘sick Hunger Games’ competition for PPE | C

Virus II
Coronavirus cases surge among younger Californians | C
Coronavirus live updates: California ramps up hospital capacity as cases surge | C
New York City Improves Disease Surveillance to Avert Covid-19 Surge | W
Birx’s nod to mask fashion is more than just sartorial | NN

Corporate finance
U.S. Companies Slashed Dividends at Fastest Pace in More Than a Decade | W
KKR to Buy Global Atlantic Financial Group for $4.4 Billion | W
Allstate to Acquire Rival Insurer National General for $4 Billion | W

Offbeat
Diversify? Almost half of Warren Buffett’s Berkshire Hathaway portfolio is now composed of a single stock | MW
Wirecard Under Criminal Scrutiny by U.S. Authorities as Part of Probe Into Alleged Bank-Fraud Conspiracy | W
Kanye West says he no longer supports Trump and that he had coronavirus | NN

wiar 07-08-20

MFwebsite2020researchWhat I Am Reading

Jul 08 (Wednesday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stock market today: S&P 500 falls for the first time in six days, Nasdaq retreats from record high | C
Stock futures flat following sell-off on Wall Street | C
Wall Street drops after strong rally as COVID-19 cases mount | R

Central banks
Fed policymakers worry growth plateauing, pledge more support | R
Fed’s Mester says economic growth ‘leveling off,’ sees more help needed | C

US policies & politics
Trump: We will pressure governors to reopen schools amid coronavirus | C
Movie theater chains sue New Jersey over coronavirus-related closures | R
‘Time Is Always Money’: Pandemic Lockdowns Hasten Infrastructure Work | N
Mary Trump book: President is a ‘narcissist’ and the son of a ‘sociopath’ | C

Europe
EU sees deeper recession, less steep rebound for euro zone | R

Geopolitics & trade
The U.S. is looking at banning TikTok—Here’s what you should know | C
Exclusive: U.S. probing allegations TikTok violated children’s privacy – sources | R

Industries & companies
Retail: Walmart’s stock rises 7% on report of Amazon Prime competitor coming this month | C

Virus I
WHO acknowledges ‘evidence emerging’ of airborne spread of COVID-19 | R
WHO says coronavirus deaths could start to rise again after cases accelerated in recent weeks, shouldn’t ‘be a surprise’ | C
Sweden Has Become the World’s Cautionary Tale | N

Virus II
Texas says new coronavirus cases jumped by more than 10,000 for the first time | C
Coronavirus strains Florida health system as some hospitals run out of ICU beds in largest counties | C
Brazil’s Bolsonaro catches coronavirus, shrugs off health risks | R
MLB Covid-19 testing hits snag because FedEx didn’t run over July 4 | C

Technology
Our Cash-Free Future Is Getting Closer | N

wiar 07-07-20

MFwebsite2020researchWhat I Am Reading

Jul 07 (Tuesday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stock market today: Dow gains more than 400 points after big tech rally, Amazon and Netflix hit records | C
U.S. Stocks Climb, Following Surge in Chinese Markets | W
Stock futures flat following a strong rally on Wall Street | C

US
Service Sector in U.S. Shows Signs of Recovery | W
Commercial mortgage delinquencies surged at record monthly rate in June | C

US policies & politics
Coronavirus stimulus: List of PPP small business loan recipients released | C
Here’s Where the SBA’s PPP Small-Business Aid Went | B
PPP: Small business coronavirus loan database contains errors | C
Mary Trump tell-all book will be released two weeks early | C

Geopolitics & trade
U.S. trade groups urge China to increase purchases of U.S. goods, services | R
Google, Facebook and Twitter Suspend Review of Hong Kong Requests for User Data | W
New security law starts to break down Hong Kong’s pro-democracy economy | R
China Pulls Back From One Disputed Border, Makes New Claims on Another | W

Industries & companies
Airlines: COVID-19 and the absurd airplane middle seat debate | TheHill
Energy: Keystone XL Pipeline Stays Blocked in U.S. Supreme Court Order | B
Energy: China is storing an epic amount of oil at sea. Here’s why | NN
Retail: Shoppers across the country are retreating again as coronavirus cases surge | C
Wireless: Nokia, Hurt by Costly 5G Chip Mistake, Struggles to Catch Huawei | W

Virus
Coronavirus can spread in the air ‘beyond any reasonable doubt,’ over 200 scientists tell the World Health Organization | MW
Dr. Fauci says coronavirus immunity may be ‘finite,’ duration remains uncertain | C
Don’t Let Hospitalization Trends Blind You to the Numbers Themselves | AIER
Coronavirus US: Fauci says average age of patients has dropped by 15 years as Sun Belt states gets hit | C
Media refuse to admit the coronavirus doesn’t care about red vs. blue | NYP
Atlanta Mayor Keisha Lance Bottoms tests positive for coronavirus | C

Corporate finance
Chinese Chip Giant Pursues Year’s Biggest Stock Sale | W
Uber to Buy Postmates for $2.65 Billion in Stock | W

Technology
Cancer Screening Leaps Forward | W
Tesla Has Been Working On an RNA Bioreactor

Offbeat
New Rules Detail How Foreign Students Can—and Can’t—Take Classes at U.S. Colleges This Fall | W