wiar 07-28-20

MFwebsite2020researchWhat I Am Reading

Jul 28 (Tuesday)

Morning Briefing PDF
Daily Markets

U.S. Stocks Close Higher to Start Week With Gains | W
A robust junk bond market gives stock investors confidence as worries about a market top increase | C
Powered by China, a Technology Benchmark Opens in Hong Kong | W
Dollar move signals new era of weakness for currency, as gold gains | C
Gold Prices Hit Record as Dollar Drops | W

Central banks
Two Republican Senators Will Oppose Shelton’s Fed Candidacy | W

U.S. manufacturing sector regaining momentum, rising COVID-19 threatens recovery | R
U.S. Orders for Long-Lasting Goods Gained in June | W
People Don’t Avoid Work When They Get $600 a Week From Unemployment | B
How has COVID-19 impacted Social Security — and will it ever recover? | MW
Jumbo Mortgage Rates Are No Longer the Cheapest Mortgages Around | W

US policies & politics
GOP to Release Coronavirus Aid Proposal After Delay | W
Republicans, White House seek $400 cut to weekly unemployment aid: report | R
Republican Jobless Plan Could Take Five Months to Execute | B
Biden Tax Plan Targets Profitable Companies That Pay Almost Nothing | W
Brian Brenberg: Democrats are using coronavirus stimulus as opportunity to push their big-government agenda | FO

Geopolitics & trade
U.S. reduces diplomatic staff in China after Chengdu closure | C

Industries & companies
FAANGs: Amazon CEO Jeff Bezos Faces Rare Test in First Testimony Before Congress | W
Retail: Walmart, Kroger Bottle Their Own Milk and Shake Up American Dairy Industry | W
Retail: Walgreens Says Stefano Pessina to Step Down as CEO, Become Chairman | W
Retail: The Rise and Fall of J.Crew | W
Retail: Under Armour reveals execs received ‘Wells notice’ over sales probe | C
Tech: Morgan Stanley M&A chief: Breaking up Big Tech doesn’t make sense | C
Tech: AMD vs. Intel shares: Traders debate which is the best bet | C
Wireless: Samsung Primed for 5G Foray as U.S., China Brawl Over Huawei | W

Virus I
US coronavirus: Early signs that new coronavirus cases may have hit a plateau | NN
Coronavirus outbreak show signs of slowing in Arizona, Texas and Florida | C
Miami medical teams feel helpless as COVID-19 devastates South Florida | R
Coronavirus Is Back With a Vengeance in Places Where It Had All but Vanished | W

Virus II
Moderna COVID-19 vaccine could be ready for use by end of year, U.S. says | R
Moderna’s Coronavirus Vaccine Begins Final-Stage Testing | W
Dr. Fauci isn’t ‘particularly concerned’ about Moderna coronavirus vaccine | C

Virus III
President Trump announces $265 million award to Fujifilm for coronavirus vaccine manufacturing | C
Biden Urges Vaccine Process Free from ‘Political Pressure’ | B
New Jersey gym owners arrested after defying coronavirus order: ‘We will not be backing down’ | C
Google employees work-from-home order extended to summer 2021 | C
DraftKings stock down as MLB postpones 2 games due to coronavirus | C
The Doctor Behind the Disputed Covid Data | N

Garmin Says Cyberattack Made Its Software Unavailable | W

Corporate finance
Ro raises $200 million at $1.5 billion valuation, $250 million sales | C

We’ll Be Wearing Masks for a While. Why Not Make Them Nice? | N
NASA will send a balloon the size of a football field to study the stars | NN
Another Covid-19 Problem for Companies: All This Working From Home Isn’t Cheap | W
Visa, Mastercard Fined Wirecard for Dubious Transactions | W