wiar 07-01-20

MFwebsite2020researchWhat I Am Reading

Jul 01 (Wednesday)

Morning Briefing PDF
Daily Markets

Stock market today: Dow rallies more than 200 points to close out its best quarter since 1987 | C
U.S. Stocks Finish Best Quarter in More Than 20 Years | W
Why stock-market strategists have never been more confused in June about the year-end outlook for equities | MW
Stock Bulls Need Proof They Were Right to Go All In on Recovery | B
Coronavirus Sends Oil Prices on Wild, Six-Month Ride Coronavirus Sends Oil Prices on Wild, Six-Month Ride | W

Central banks
Mnuchin, Powell Pledge Additional Relief to Prevent Lasting Damage to Economy | W
Fed Keeps Options Open on Yield Caps but Looks to Other Tools First | W
Fed’s Williams: Economy Has Likely Seen ‘Low Point’ in Continuing Crisis | W

Wave of Corporate Failures Stays at Bay—For Now | W
This is what unemployment benefits will pay without extra $600 a week | C

China’s Economic Recovery Picks Up Further Momentum | W

US policies & politics
Why deficits matter as much as ever | TheHill
Joe Biden rips Trump on coronavirus: ‘The wartime president has surrendered’ | C

Geopolitics & trade
Hong Kong Activists Disband With Passage of China’s National Security Law | W
China Punctures Hong Kong’s Autonomy | W
India Bans TikTok of China, Tightening Digital Borders | N
NSA Differed From CIA, Others on Russia Bounty Intelligence | W

Industries & companies
Airlines: Airbus to Cut 15,000 Jobs | N
Energy: No End in Sight for Big Oil’s Write-Downs | W
Energy: Exxon Mobil Resists Write-Downs as Oil, Gas Prices Plummet | W
Financials: Companies Hit by Covid-19 Want Insurance Payouts. Insurers Say No. | W
Logistics: FedEx Reports Better-Than-Expected Revenue as Residential Deliveries Surge | W
Tech: Microsoft Aims to Train 25 Million Workers Free in 2020 | W

Virus I
Fauci says U.S. coronavirus outbreak is ‘going to be very disturbing,’ could top 100,000 cases a day | C
Dr. Anthony Fauci says new virus in China has traits of 2009 H1N1 and 1918 pandemic flu | C
Coronavirus Live Updates: Midwest May No Longer Be a U.S. Bright Spot | N
Most People With Coronavirus Won’t Spread It. Why Do a Few Infect Many? | N
14-day quarantine: NY, NJ and CT expand travel advisories and Massachusetts announces its own | NN

Virus II
FDA to Require Proof Virus Vaccine Is Effective Before Approving Its Use | W
Under 25 and Working? Social Distancing Might Not Be Possible | W
In Early February, the Coronavirus Was Moving Through New York | N
Coronavirus update: Americans will remain barred from European travel | C
This is what top U.S. health officials say we should do differently for the next pandemic | C

Corporate finance
Uber in Talks to Buy Postmates for About $2.6 Billion | W
Here’s why the biggest U.S. mall owner might want to buy JC Penney | C

New York to parents: Choose your job — or your kids | P
‘Hamilton,’ ‘Umbrella Academy’ and more: Here’s what’s worth streaming in July 2020 | MW
Raising a Free-Range Child in 2020? Try a Smartwatch | W