wiar 07-02-20

MFwebsite2020researchWhat I Am Reading

Jul 02 (Thursday)

Morning Briefing PDF
Daily Markets

Stocks Edge Up to Start Third Quarter | W
S&P 500 rises as second half 2020 kicks off. What investors should watch | C
When Companies Prepare for Disaster, Investors Should Expect Lower Returns | W

Central banks
Fed officials see need for ‘highly accommodative’ policy ahead, minutes show | C
Fed revisits idea of pledging to keep interest rates low | R
Fed Debated Options to Provide More Economic Support | W
Fed Weighs Explicit Forward Guidance but Wary of Yield Targets | B
Fed’s $600 Billion Main Street Lending Program Sees Lukewarm Interest | W
Fed received thousands of letters asking it to widen Main Street program | R

A Recovery That Started Out Like a V Is Changing Shape | W
The ‘Rocket Ship’ Economic Recovery Is Crashing | N
Jobs data for June could show strong rehiring ahead of the latest virus wave | C
ADP: Private payrolls June 2020 | C
Texas Virus Surge Deals State a Hit With Sales Taxes Plunging | B

China Announces New Retaliation Against U.S. News Outlets | N

US policies & politics
Trump backs work incentives as part of next stimulus bill | R
To avoid a step backwards this summer, Congress must renew enhanced unemployment benefits | MW
End the destructive unemployment bonus | Washington Examiner
Trump says he will have a statement on the minimum wage in the next two weeks | R
Investors are waking up to a possible Biden victory in U.S. presidential election | R
Biden tells his donors he plans to jack up their taxes.

Geopolitics & trade
A storm is coming for Mexico under USMCA | TheHill
As U.S.M.C.A. Takes Effect, Much Remains Undone | N
U.S. Readies Sanctions on China Over Rights Abuses in Xinjiang | B
U.S. Warns Businesses Over Supply Chains Tied to Rights Violations in China | W
China’s national security law: What it means for Hong Kong as a global financial center | C
Beijing Orders Four U.S. Media Outlets to Provide Information on China Operations | W

Industries & companies
Autos: Car Sales Fell in the Second Quarter, Despite Deals and Covid-19 Stimulus | W
Autos: Coronavirus tanks U.S. auto sales in the second quarter for GM, FCA | C
Pharma: Pfizer stock jumps after it reports positive data in early stage coronavirus vaccine trial | C
Pharma: Inside Moderna: The Covid Vaccine Front-Runner With No Track Record and an Unsparing CEO | W
Retail: Macy’s Says Most Stores Have Reopened as U.S. Coronavirus Infections Rise | W
Retail: Who Is the Mystery Shopper Leaving Behind Thousands of Online Shopping Carts? | W
Retail: Apple to reclose 30 more retail stores as coronavirus cases spike | C

Virus I
WHO warns some countries may have to reinstate lockdowns as coronavirus pandemic accelerates | C
Coronavirus masks: Trump doubts national mandate is needed | C
Official U.S. coronavirus death toll is ‘substantial undercount’: Yale study | C

Virus II
Blog | Better COVID-19 Data Is Coming By August 1—But Will the Public See It? | The COVID Tracking Project
Blog | The Other COVID-19 Metric We Should Be Using | The COVID Tracking Project
What Is Pool Testing? – Elemental
More People Are Getting Infected With Covid-19, but Fewer Ventilators Are Needed | Elemental
America Still Sick: the Covid Curve Has Plateaued | Elemental
Contact Tracing Isn’t Working in the U.S. | Elemental

Virus III
New York City Delays Indoor Dining as U.S. Virus Cases Keep Rising | W
If Your Colleague Has Covid-19, Will Your Employer Tell You? | W
Why Surviving Covid Might Come Down to Which NYC Hospital Admits You | N

Corporate finance
SoftBank Seeks to End Partnership With Wirecard | W

Your Child Will Be Ready Soon: Day Cares and Other Businesses Use Restaurant-Style Tech to Fight Long Lines | W

Fourth of July celebrations at home are driving record fireworks sales | C
‘Sitting on Millions of Dollars’ and Dying to Blow It: Not This July 4 | N
Oppressive heat approaches U.S. in early July as wildfires burn through Arizona | C