wiar 08-01-20

MFwebsite2020researchWhat I Am Reading

Aug 01 (Saturday)

Morning Briefing PDF
Daily Markets

Stocks Close Higher Amid Rally in Tech Shares | W

Calculated Risk: Comparing US, EU and China GDP

Consumer Spending Rose 5.6% in June | W
Off the Charts – The Big Picture

Europe Plunges Into Recession as Economy Suffers Record Contraction | W

China’s Manufacturing Recovery Picks Up the Pace | W

US policies
The $600 unemployment benefit is officially going to expire, but one state is considering reinstating it | MW
Jobless Aid Expires as Talks Continue on Coronavirus Package | W

US politics
Trump Campaign Pauses Advertising for Strategy Review | W
Biden’s running-mate search is getting ‘outsized attention’ and could even shake the stock market — here’s how | MW
Joe Biden narrows down his VP list, with Karen Bass emerging as one of several key contenders | NN

Geopolitics & trade
Japan Edges Toward Military Pre-Emptive Strike Option | W
Containing China Starts With Fixing Alliances, Biden Adviser Tony Blinken Says | B
Citing Coronavirus, Hong Kong Postpones Legislative Elections for a Year | W
White House to force China’s ByteDance to separate from TikTok in U.S.: sources | R

Industries & companies
Airlines: United adds some international flights for September, but remains cautious | C
Energy: Big Oil Companies Lose Billions, Prepare for Prolonged Pandemic | W
Financials: Coronavirus Is the Crisis Some Bank Investors Have Been Waiting For | W
Financials: Wells Fargo Sold Assets to Stay Under Fed Asset Cap as Markets Lurched | W
Pharma: Merck aims to start ‘large pivotal’ studies on coronavirus treatment in September | C
Retail: At Home CEO: We could grow to more than 600 stores, as sales soar | C
Tech: Tech competitors are ‘blown away’ by House antitrust CEO hearing | C

Virus I
Coronavirus: World Health Organization reports largest ever single-day increase in cases across globe | C
Opinion | Scared That Covid-19 Immunity Won’t Last? Don’t Be | N
Sanofi, GlaxoSmithKline Ink Coronavirus Vaccine Deal With U.S. | W
Large U.S. COVID-19 vaccine trials will exclude pregnant women for now | R
Early coronavirus drug trials tested vaccines mostly on White people; next phase aims for diversity | C

Virus II
Coronavirus: House report accuses Trump administration of ‘waste, fraud or abuse’ in U.S. ventilator contract | C
Trump planning for U.S. rollout of coronavirus vaccine falling short, officials warn | R
Top HHS official denies report that national coronavirus testing plan was scrapped to hurt blue states | C
Dr. Fauci: Coronavirus is so contagious, it won’t likely ever disappear | C

Virus III
NIH Awards Grants to Medical Companies to Boost Coronavirus Test Production | W
Wear Your Mask. Please. No, Not on Your Chin. | N
Fauci resists Republican effort to turn testimony against protesters | R
Coronavirus: CDC warns of ‘significant public health consequences’ if schools don’t reopen | C

Corporate finance
Microsoft in Talks to Acquire TikTok, as U.S. Considers Banning the App | W
Bankrupt Pier 1 becomes a walking zombie | NN

Three People Charged in Twitter Hack | W
Florida teenager charged with hacking Twitter accounts of Obama, Musk among others | R
Twitter hack: 17-year-old accused of masterminding Bitcoin scam | C

Florida declares emergency on Atlantic coast as Hurricane Isaias approaches | R
SpaceX won the race against Boeing to send NASA astronauts to space | C