wiar 07-31-20

MFwebsite2020researchWhat I Am Reading

Jul 31 (Friday)

Morning Briefing PDF
Daily Markets

Stocks Close Lower on Dour Economic Data | W

U.S., European Yields Drop on Record Economic Downturns | W
A $158 Billion CLO Bet Is Putting the Insurance Industry at Risk | B

Central banks
The Fed treats investors like ‘foolish children’ by propping up stocks despite ‘dreadful fundamentals,’ hedge-fund Klarman says | MW

US GDP 2Q 2020: Shrinks 32.9% Record Pace Since at Least 1940s | B
U.S. Economy Contracted at Record Rate Last Quarter; Jobless Claims Rise to 1.43 Million | W
U.S. Economy’s Rebound Looks Shakier After Worst Quarter Yet | B
The persistently weak jobs market is worrying economists, who say a recovery could take years | C
The worst might be over for the economy, but the future’s not so bright, either | C
The pandemic may cause 40 million Americans to lose their homes | C

China Tries Its Favorite Economic Cure: More Construction | N

Germany’s Economy Suffers Biggest Contraction on Record, but Green Shoots Emerge | W

US politics
McConnell Moves to Force Debate on Stopgap for Jobless Benefits | B
Trump floats election delay, congressional Republicans reject idea | R
Can Congress Delay the Election Date as Trump Floated? How Would It Work? | B
Families File First Wave of Covid-19 Lawsuits Against Companies Over Worker Deaths | W
Tax hike on California millionaires would create 54% tax rate | C

Geopolitics & trade
Pompeo Warns New Measures Planned for China Over Human Rights | W
Report Sheds Light on China’s Use of Military-Linked Researchers | W

Industries & companies
Autos: Auto Giants Swing to Loss Amid Coronavirus-Driven Downturn | W
Autos: Ford (F) earnings Q2 2020 | C
Consumer: Procter & Gamble Posts Biggest Yearly Sales Gain Since 2006 | W
Consumer: Kraft Heinz Earnings Hit by Write-Downs | W
Consumer: Coca-Cola to enter hard seltzer market through Topo Chico brand | C
FAANGs: Amazon (AMZN) earnings Q2 2020 | C
FAANGs: Facebook (FB) earnings Q2 2020 | C
FAANGs: Alphabet (GOOGL) earnings Q2 2020 | C
FAANGs: Facebook, Apple, Amazon, Google on Capitol Hill: Top CEO moments | C
Pharma: Drugmakers Race to Build Covid-19 Vaccine Supply Chains | W
Pharma: Kodak options are exploding but the action paints a bearish picture | C
Shipping: UPS Rides E-commerce Surge to 21% Jump in Package Volumes | W

Virus I
U.S. COVID-19 outbreak picks up in Midwest as summer travel spreads virus | R
U.S. officials see ‘signs of progress’ in Sun Belt coronavirus outbreaks, deaths remain high | C
Dr. Osterholm: Americans will be living with the coronavirus for decades | MW

Virus II
Dr. Fauci recommends wearing goggles to prevent catching the coronavirus | MW
Why some people who haven’t had Covid-19 might already have some immunity | NN

Virus III
Reopening Schools Try to Decide When They Should Close Again Due to Coronavirus Cases | W
Herman Cain, former GOP presidential candidate, dies after battle with coronavirus | C

Exclusive: Chinese-backed hackers targeted COVID-19 vaccine firm Moderna | R

Mystery Seeds Spread Around the World | W