wiar 06-30-20

MFwebsite2020researchWhat I Am Reading

Jun 30 (Tuesday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stock market today: Dow jumps more than 500 points to start the week as Boeing and Apple rise | C
Pandemic leads to six months of global market mayhem | R
High volatility is here to stay in 2020. Goldman names 31 stocks to deliver the best returns amid the turbulence | MW
Chinese Stocks Haven’t Been So Calm Versus U.S. in Eight Years | B
Deals Resume in Sale of Risky Loan Funds | W

Central banks
The Fed is buying some of the biggest companies’ bonds, raising questions over why | C
Fed Says Primary Corporate Credit Facility Now Open for Business | B
Chair Powell says Main Street program to be useful in months ahead | R
Fed Chairman Says Economy Faces ‘New Challenges’ from Virus | W
Powell says recovery path is ‘extraordinarily uncertain’ amid efforts to control virus | C
Fed Looks Down Under for Rate Strategy | W

US
Coronavirus: Nearly half the U.S. population is without a job | C
‘Still Catching Up’: Jobless Numbers May Not Tell Full Story | NYT
U.S. Jobless-Claims Figures Inflated by States’ Backlog-Clearing | B
U.S. home contracts post record jump, factory activity improves in Texas | R
Pending home sales staged a historic rebound in May, meaning the worst may have already come for the real-estate market | MW

US policies & politics
The risks of not spending far outweigh the risks of spending more | TheHill
Trump campaign books swing state TV ads amid bad polls | C

Geopolitics & trade
Governments Roll Back Coronavirus Trade Barriers | W
U.S. Republicans, Democrats want to question Trump aides over Russia bounty reports | R
Trump Wasn’t Briefed on Russian Bounty Intelligence Because It Wasn’t Verified, White House Says | W
Brexit Is a Test of De-Globalization in a World of Covid-19 | W
India Bans TikTok, Dozens of Other Chinese Apps Following Border Clash | W

Industries & companies
FAANGs: Microsoft closed Mixer after it failed to keep up with Amazon Twitch | C
FAANGs: Facebook July ad suspension: Ford, Adidas and Denny’s join | C
Financials: BofA, JPMorgan Exposed to New Covid Spikes, Morgan Stanley Warns | B
Media: AMC Delays Reopening Theaters to Late July | W
Media: Clorox To Halt Facebook Ads Through Year End, Joining Advertiser Push On Content | W
Retail: Costco stops selling half-sheet cakes | NN

Virus I
Face masks: Want to prevent another shutdown, save 33,000 lives and protect yourself? Wear a face mask, doctors say | NN
Covid-19 Drug Remdesivir to Cost $3,120 for Typical Patient | W

Virus II
Coronavirus Live Updates: 54,000 Deaths in the U.S. Are Linked to Nursing Homes | N
US coronavirus: Some states return to previous restrictions hoping to slow surge of cases | NN
Some U.S. Sun Belt states backtrack after flouting pandemic guidelines | R
New Jersey delays resuming indoor dining at restaurants as coronavirus cases grow in other states | C

Corporate finance
BP Exits Petrochemicals Business in $5 Billion Deal | W
Shift Plans to Go Public This Year as Covid-19 Boosts Online Car Sales | W
Lululemon to acquire at-home fitness company Mirror for $500 million | C

Offbeat
Mapping Flood Damage: Millions More U.S. Homes At Risk Than Previously Thought | B
How to Get a Big Break on the Cost of College: Just Ask | W