wiar 06-23-20

MFwebsite2020researchWhat I Am Reading

Jun 23 (Tuesday)

YRI video podcast: S&P 500 Tech in 1999 and now.
Morning Briefing PDF
Daily Markets

Stock market today: Dow jumps 150 points, Apple leads Nasdaq to record close | C
There’s nearly $5 trillion parked in money markets as many investors are still afraid of stocks | C
Coronavirus Cash Needs Prompt Companies to Rethink Investments | W
Creating Portfolios That Are ‘Not for the Faint of Heart’ | N

Central banks
The Fed’s corporate bond buying is stoking bubble fears | C
Fed’s Rosengren sees difficult second half for U.S. economy | R

Existing home sales plunge in May, but Realtors think that was the bottom | C

China Tech Firms Face Backlash Over Beijing’s Policies | W

US policies & politics
Trump to Order Freeze on Many Work Visas Through End of Year | B
U.S. Imposes Restrictions on More Chinese Media Outlets | W
Attorney General Barr, Berman at Odds Over Letter Criticizing New York City Mayor | W
After Tulsa Rally, Trump Heads to Arizona, Wisconsin | W

Geopolitics & trade
U.S. Imposes Constraints on Four More Chinese Media Outlets | B
Taiwan Extends a Cautious Hand to Hong Kong Activists | W

Industries & companies
FAANGs: Apple shares: Market watchers dig into the FAANG stock trade | C
FAANGs: Apple to Split With Intel, Shift to In-House Chips for Macs at WWDC | W
Fintech: Wirecard Says Missing $2 Billion Probably Doesn’t Exist | W
Media: Google’s U.S. Ad Revenue Is Expected to Decline in 2020, eMarketer Says | W
Retail: Coronavirus Changed Everything. Except T.J. Maxx. | W
Tech: Zoom is no longer the best-performing work-from-home stock | C
Tech: Microsoft to discontinue video game streaming service Mixer in July | C

Virus I
Gilead to Begin Human Testing of Inhaled Version of Covid-19 Drug Remdesivir | W
Coronavirus contact tracing ‘will save lives’ if officials build it | C

Virus II
Coronavirus cases soar in big countries, especially Brazil, WHO says | R
Coronavirus Rips Through Italy’s Postwar Entrepreneurial Generation | W
US Prepares for Flu Season Complicated by Coronavirus Pandemic | B

Virus III
San Francisco wants OK to reopen barbershops, outdoor bars ahead of schedule | C
New York Subway System May Implement Temperature Checks, Robot Cleaners | W
New York City Commuters Return as Phase Two of Reopening from Coronavirus Lockdown Begins | W
Coronavirus: 2 Trump campaign staffers test positive for Covid-19 | C

The Industries Most Vulnerable to Cyberattacks—and Why | W

Corporate finance
Jim O’Neill: Era of stock buybacks could be over | C
SoftBank plans to sell up to $21 billion worth of T-Mobile stock | C

A Multibillion-Dollar Opportunity: Virus-Proofing the New Office | N
In the face of a cultural reckoning, it turns out massive corporations can move fast and fix things | NN