wiar 07-29-20

MFwebsite2020researchWhat I Am Reading

Jul 29 (Wednesday)

Morning Briefing PDF
Daily Markets

Stocks Close Lower Amid Bevy of Earnings Reports | W
At Center of ‘Erratic’ Market Moves Is a Raging Recovery Debate | B

Credit & commodities
A trading tool that’s transforming the $10 trillion-plus corporate bond market | R
Pandemic Puts Pressure on Private Debt as Default Rates Rise | W
Here’s the best way to hedge the weakening U.S. dollar and buying gold isn’t the move | MW
Jim Cramer: Charts show gold prices are nearing a peak | C

Central banks
Fed announces extension in lending facilities until end of the year | R
Biden Urges Bigger Role for Fed in Addressing Racial Wealth Gap | W

Rising COVID-19 cases dent U.S. consumer confidence; housing market presses ahead | R
The homeownership rate jumps to the highest level since 2008 — but looks could be deceiving | MW
Why experts say the unemployment system is broken | C
Americans are driving older cars as workers stay home, economy slows | R

US policies & politics
Coronavirus-Stimulus Plan Splits Senate Republicans | W
Coronavirus stimulus updates: Next steps after Republicans release HEALS Act | C
Coronavirus stimulus updates: McConnell defends liability protections | C
U.S. lawmakers, Bank of America press small business agency to fix PPP lending data | R
Joe Biden vice president pick: Susan Rice emerges as serious contender | C
William Barr Defends Federal Deployments to Break Up Protests in Tense Hearing | W

Virus I
Moderna Covid Vaccine Protects Monkeys From Virus, Humans Next | B
Pfizer Sees Covid-19 Vaccine Needed Regularly, Long-Term | B

Virus II
U.S. Coronavirus Infections Fall Below 60,000 for Second Straight Day | W
Trump says he still thinks hydroxychloroquine works in treating early stage coronavirus | C
Trump Says Warnings Against Anti-Malaria Drug Were Political | B
After Reopening, Coronavirus-Hit States Chart Their Own Paths to Close Up Again | W

Industries & companies
Consumer: 3M’s Sales Drop Despite Demand for Face Masks, Cleaning Supplies | W
FAANGs: Zuckerberg to Focus on Competitive Threats in Antitrust Hearing | B
FAANGs: Facebook Offers Money to Reel In TikTok Creators | W
FAANGs: Apple China iPhone sales jump sharply in the second quarter | C
Media: ‘A Big Correction’: Pandemic Brings Change to ‘Bloated’ Ad Industry | N
Media: AMC, Universal Agree to Trim Theatrical Window Before Movies Go Online | W
Pharma: Trump to use Defense Production Act to turn Kodak into a pharmaceutical company | NN
Pharma: Kodak Shifts Into Drug Production With Help of $765 Million U.S. Loan | W
Pharma: Kodak soars another 50% after Trump announces deal to manufacture generic drug ingredients | C
Restaurants: Starbucks Logs Another Sales Hit From Coronavirus | W
Retail: Victoria’s Secret parent L Brands (LB) to cut 15% of corporate jobs | C
Tech: Chip Maker AMD Raises Sales Outlook as Intel Battle Heats Up | W

Najib Razak, Former Malaysian Prime Minister, Found Guilty in 1MDB Case | W
Back-to-College Plans Devolve Into a Jumble of Fast-Changing Rules | W