wiar 06-26-20

MFwebsite2020researchWhat I Am Reading

Jun 26 (Friday)

YRI audio podcast: Interview with Jim Grant.
Morning Briefing PDF
Daily Markets

Wall Street executives brace for Biden win as Trump fades in polls | C
Here’s An Argument That Stocks Should Be Even Higher | W
As rising virus cases spook markets, investors watching these metrics are not turning bearish yet | C
Financial shares push Wall Street higher in volatile trading | R

Credit & commodities
Virus Surge, Jobs Report Fuel Government-Bond Buying | W
Fear Revives Muni-Bond Insurance Business From Decade-Long Slump | B
The Jumbo Market Shows Signs of Heating Up | W
Russia’s Key Crude Exports to Plunge in July in OPEC+ Pledge | B
The COVID Shock to the Dollar by Stephen S. Roach | PS

April shutdown to June flowering? Rise in U.S. foot traffic competes with virus upswing | R
U.S. labor market, economy struggle despite reopening of businesses | R
U.S. Initial Unemployment Benefits Steady at 1.5 Million in June | W
Coronavirus Pandemic: U.S. Entrepreneurs Starting New Businesses | B
California governor declares budget emergency due to COVID-19 pandemic | R

US politics & policies
Here’s how Biden’s polling lead over Trump compares with past presidential races | C
House Set to Pass Democrats’ Policing Bill but No Path Seen for Deal | W
Mary Trump book: judge dismisses Trump family lawsuit | C
Fast rollout of the Paycheck Protection Program raises fraud risk: GAO | C
Facial recognition ban sought in Democratic lawmaker bill | C

Once the Center of the Coronavirus Crisis, Europe Now Looks Ahead With Hope | W

Geopolitics & trade
White House Considers Broad Federal Intervention to Secure 5G Future | W
Senate Passes Sanctions Bill on China Over Hong Kong Law | W
U.S. imposes sanctions on companies operating in Iran’s metals sector | R

Industries & companies
Airlines: Airlines warn passengers: Wear a mask or you can’t fly | C
FAANGs: Amazon wins naming rights to new Seattle stadium: Climate Pledge Arena | C
Financials: Bank stocks reverse higher as regulators ease Volcker Rule, JPMorgan Chase rises 2% | C
Real Estate: Commercial Real Estate Deals Plunge to Lowest Level Since 2010 | B
Retail: Macy’s to Cut 3,900 Corporate Jobs | W

Virus I
The Second Coronavirus Surge Is Here | Atlantic
Coronavirus may have infected 10 times more Americans than reported, CDC says | R
CDC says no clear evidence coronavirus quarantines for travelers work | C

Virus II
Texas Pauses Reopening, as CDC Says Millions More May Have Had Coronavirus | W
Companies Agonize Over Reopening Timetables as Covid-19 Spreads | W
Apple will re-close 14 stores in Florida because of rising Covid-19 rates | C
Bucks co-owner: NBA still plans to resume season despite coronavirus spikes | C
Arizona ‘Overwhelmed’ With Demand for Tests as U.S. System Shows Strain | N

Virus III
New York Gov. Cuomo to other states: ‘You played politics with this virus, and you lost’ | C
Trump Ignores Virus Spike as U.S. Cases Surge Toward Records | B
Trump Administration Tries to Temper Fears of Coronavirus Resurgence | W
Major grocery and meatpacking union calls for mask requirements | C
Covid-19 Overwhelms New Delhi’s Hospitals | W

Hidden Back Door Embedded in Chinese Tax Software, Firm Says | B

Wirecard Files for Insolvency After Revealing Accounting Hole | W