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Thurs, May 28th
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NYTimes BusinessMay 28, 2020
Coronavirus Live Updates: Testing in the U.S. Becomes Major Campaign Issue
Testing becomes a campaign issue: President Trump would leave it to the states, while Joseph R. Biden Jr. said he would create a national program. Even the hardest-hit cities are far from herd immunity.

CNBC FinanceMay 28, 2020
Stock market live updates: Dow futures up 200, 25K and counting, Twitter falling on Trump
A conversation about the latest market-moving news, including the upcoming jobless claims data and China passing a controversial Hong Kong bill.

Despite rally, 2020 to be worst year for stocks in nearly a decade: Reuters poll (Reuters Business)
Market Snapshot: Stock-index futures edge higher after Dow retakes 25,000 even as jobless toll tops 40 million (MarketWatch)

Google Business NewsMay 28, 2020
Hong Kong Security Plan Is Approved, Tightening China's Hold - The New York Times
Hong Kong Security Plan Is Approved, Tightening China's Hold  The New York TimesPompeo says Hong Kong is no longer autonomous from China, jeopardizing billions of dollars in trade  CNNDollar stands its ground as Hong Kong tensions weigh  CNBCWill President Trump Stand With Hong Kong?  The New York Times

Why Beijing's security law could lead to the death of Hong Kong (FT.com - China, Economy & Trade)

MarketWatchMay 28, 2020
Called to Account: How companies are becoming creative with accounting during the COVID-19 pandemic
The COVID-19 outbreak has brought out some creative accounting at companies, as executives attempt to gauge the impact of the pandemic on their businesses and how they would have performed if the crisis hadn't all but shut the economy down.

Abercrombie & Fitch sales fall 34%, with stores forced shut during coronavirus pandemic; shares fall (CNBC Business)
Dollar General blows past estimates for first-quarter earnings as pandemic spurs demand (MarketWatch MarketPulse)

FT.com - Financial MarketsMay 28, 2020
European stocks march higher on hopes of swift economic recovery
US-China tensions over Hong Kong threaten to derail market rally

Hong Kong Stocks Swing Wildly as China Approves Security Law (Yahoo Business)
Asian stocks turn red as Hong Kong tensions sour mood (Reuters Business)

Reuters Company NewsMay 28, 2020
UPDATE 2-Moderna extends lipids deal to boost COVID-19 vaccine candidate output
Moderna Inc has extended a deal to secure large volumes of the lipids used to produce its experimental COVID-19 vaccine as the U.S. biotech looks to build capacity and produce enough doses to meet expected global demand.

UPDATE 1-Moderna extends lipids deal to boost COVID-19 vaccine output (Reuters Company News)
Moderna extends lipids deal to boost COVID-19 vaccine candidate output (Yahoo Business)

USA Today MoneyMay 28, 2020
Facebook's Mark Zuckerberg on Twitter fact-checking Trump: Companies shouldn't serve as 'arbiter of truth'
Facebook CEO Mark Zuckerberg questions Twitter's decision to fact check two tweets from President Donald Trump.       

Zuckerberg and Dorsey clash as Trump social media order looms (FT.com - US)
Nasdaq 100 Futures Drop on Report of Trump Executive Order (Yahoo Business)

Google Business NewsMay 28, 2020
China approves controversial national security law for Hong Kong - CNN
China approves controversial national security law for Hong Kong  CNNHong Kong Reaching a Turning Point, Basic Law Committee Member Says  Bloomberg PoliticsHong Kong could see a 'gradual erosion' as a financial hub over the next five years: Analyst  CNBCWill President Trump Stand With Hong Kong?  The New York TimesIn the midst of a cri

Yahoo BusinessMay 28, 2020
Stock market news live updates: Stock futures mixed amid jobless claims, GDP downward revision
Stock futures were mixed Thursday morning, mostly holding gains after the S&P 500 pushed to an 11-week high a day earlier.

SHRM HR NewsMay 28, 2020
Fighting a Pandemic During Hurricane Season
?As the hurricane season quickly approaches, HR leaders can't expect to rely on their previous hurricane planning in the midst of the COVID-19 pandemic. With social distancing in place to mitigate the spread of the coronavirus and a busier-than-normal hurricane season predicted, organizations need to revamp their safety plans.

SEC.gov Updates: News DigestMay 28, 2020
8-K - REX AMERICAN RESOURCES Corp (0000744187) (Filer)
2020-05-28 0000930413-20-001499 140 KB
Item 2.02: Results of Operations and Financial Condition
Item 9.01: Financial Statements and Exhibits

6-K - Canadian Solar Inc. (0001375877) (Filer) (SEC.gov Updates: News Digest)
6-K - Bioceres Crop Solutions Corp. (0001769484) (Filer) (SEC.gov Updates: News Digest)

Washington Post BusinessMay 28, 2020
Americans have filed more than 40 million jobless claims in past 10 weeks, as another 2.1 million filed for benefits last week
More Americans are competing against each other to snag a shrinking number of jobs managing offices, entering data and handling other responsibilities from home, offering early clues about a labor market crunch that threatens to intensify entering the summer.

U.S. Unemployment Claims Eased to 2.1 Million Last Week (Wall Street Journal US Business)
Coronavirus economic toll mounts: Nearly 41 million have sought jobless aid (Chicago Tribune Business News)

FT.com - USMay 28, 2020
Live Q&A: How are the US government and business leaders responding to coronavirus?
Ask FT journalists about how the US public and private sectors are planning for the next stage of the pandemic

Disney downgraded to underperform at Imperial on concerns about theme parks, film business in pandemic (MarketWatch MarketPulse)
How will Trump intervention affect Hong Kong business? (FT.com - US)

Google Market NewsMay 28, 2020
Live Unemployment Numbers Report Tracker - The New York Times
Live Unemployment Numbers Report Tracker  The New York TimesJobless claims: Another 2.123 million Americans file for unemployment benefits  Yahoo MoneyNew wave of U.S. layoffs feared as coronavirus pain deepens  Reuters1 in 4 American workers have filed for unemployment benefits during the pandemic  CNNVirus unleashing ne

SEC.gov Updates: News DigestMay 28, 2020
2020-05-28 0000869392-20-001015 640 KB

NPORT-P - PUTNAM CALIFORNIA TAX EXEMPT INCOME FUND (0000711402) (Filer) (SEC.gov Updates: News Digest)

Google Business NewsMay 28, 2020
Minneapolis Protests Turn Destructive as Outrage Grows Over Death of George Floyd - The New York Times
Minneapolis Protests Turn Destructive as Outrage Grows Over Death of George Floyd  The New York TimesNew video shows Minneapolis police arrest of George Floyd before death  CBS Evening NewsProtests, looting erupt in Minneapolis over racially charged killing by police  Yahoo NewsWho was George Floyd? Family, friends, coworkers remember 'loving spirit'  FOX 9We Refuse To Call It Murder, But How Else Do You Explain The Killing Of George Floyd?  

MarketWatchMay 28, 2020
Need to Know: Why hedge-fund manager Bill Ackman says he dumped Berkshire Hathaway but held on to these winners
Pershing Square Capital Management hedge-fund manager Bill Ackman told investors on a call on Wednesday that he is dumping Warren Buffett's Berkshire Hathaway. The stocks he bought more of and is keeping are worth paying attention to.

MarketWatchMay 28, 2020
The extra $600 Americans receive in weekly unemployment benefits ends in July — how that could cost the U.S. more jobs
For every dollar spent on unemployment insurance, there's a multiplier effect leading to a 1.64 increase in GDP, research shows.

FT.com - USMay 28, 2020
US jobless claims top 40m as economy struggles to reopen
Additional 2.1m people apply for first time unemployment benefits in week 10 since lockdowns

MarketWatch MarketPulseMay 28, 2020
COVID-19 case tally: 5.71 million cases, 356,042 deaths after U.S. death toll tops 100,000
The global case tally for the coronavirus that causes COVID-19 climbed to 5.71 million on Thursday, according to data aggregated by Johns Hopkins University. The death toll rose to 356,042. More than 2.4 million people have recovered. The U.S. has the highest case toll in the world at 1.7 million and the highest death toll at 100,442. Brazil has 411,821 cases and 25,598 deaths, while Russia has 379,051 cases and 4,142 fatalities. The U.K. has 268,619 cases and 37,542 deaths, the highest death toll in Europe and second highest in the world after the U.S. Spain has 236,259 cases and 27,117 deaths, while Italy has 231,139 cases and 33,072 deaths. France has 183,038 cases and 28,599 deaths, while Germany has 181,918 cases and 8,449 deaths. Turkey has 159,797 cases and 4,431 deaths and India has 158,613 cases and 4,540 deaths. Iran has 141,591 cases and 7,564 deaths. Peru has 135,905 cases and 3,983 deaths. Canada is next with 88,989 cases and 6,876 deaths. China, where the disease was first reported late last year, has 84,106 cases and 4,638 deaths.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

George Floyd's death sparked heated protests across US as many call for charges against officers - CNN (Google Business News)

Washington Post BusinessMay 28, 2020
In the coronavirus environment, workplace retirement celebrations are another casualty
Acknowledging laid-off colleagues, honoring retirees, and leaving a job while on furlough: How to handle departures during the coronavirus pandemic.

The Motley FoolMay 28, 2020
3 No-Brainer Tech Stocks to Buy Right Now
There are no guaranteed winners in the stock market, but these three are pretty close.

Don't Waste Your Money on Penny Stocks; These 3 Are Better Buys (The Motley Fool)
Better Buy: Starbucks vs. Coca-Cola (The Motley Fool)

Reuters Company NewsMay 28, 2020
UPDATE 4-Nissan plans to slash costs after first loss in 11 years
* GRAPHIC-Nissan's fight for survival: https://reut.rs/2USzcFy

NPR Topics: BusinessMay 28, 2020
40.8 Million Out Of Work In The Past 10 Weeks, 26% Of Labor Force
More than 1 in 4 U.S. workers have lost their jobs since coronavirus shutdowns began. Last week, an additional 2.1 million people filed for unemployment benefits.

Reuters BusinessMay 28, 2020
Dollar chains report surge in sales on coronavirus-driven demand
The top two U.S. dollar store chains reported better-than-expected quarterly sales and profit on Thursday, benefiting from a surge in demand for affordable groceries and household essentials amid the COVID-19 pandemic.

UPDATE 2-Dollar chains report surge in sales on coronavirus-driven demand (Reuters Company News)

MarketWatch MarketPulseMay 28, 2020
Amazon shifting 125,000 temporary workers to permanent employees
Amazon.com Inc. said Thursday that 125,000 of the 175,000 workers the e-commerce giant hired on a temporary basis will be converted to permanent full-time employees starting in June. Regular full-time roles have a minimum wage of $15 per hour. The workers were brought on board to help Amazon meet coronavirus-related demand, with many planning to go back to previous companies when states re-open. "As the long-term picture becomes more clear" and unemployment soars, Amazon is giving this option. Amazon stock slipped 1.1% in Thursday premarket trading, but has rallied 30.4% for the year to date. The S&P 500 index is down 6% for 2020 so far.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Wall Street Journal US BusinessMay 28, 2020
As Lockdowns Are Lifted, Slow Return to Normality Begins
Economies are returning to life, but at different paces around the world and with varying degrees of damage to their economies and societies.

US relaxes rules for opioid substitutes during lockdowns (FT.com - US)
Euro-Area Confidence Inches Up From Record Low as Lockdown Eased (Yahoo Business)

Google Business NewsMay 28, 2020
Trump expected to sign executive order that could threaten punishment against Facebook, Google and Twitter over allegations of political bias - The Washington Post
Trump expected to sign executive order that could threaten punishment against Facebook, Google and Twitter over allegations of political bias  The Washington PostTrump to sign executive order on social media amid Twitter furor  POLITICOZuckerberg knocks Twitter for fact-checking Trump, says private companies shouldn't be 'the arbiter of truth'  Fox NewsShining sunlight on

Washington Post BusinessMay 28, 2020
Arizona sues Google over smartphone tracking
Arizona Attorney General Mark Brnovich's lawsuit alleges Google violated its users' privacy by collecting information about their whereabouts even if they thought they had turned off such tracking.

MarketWatch MarketPulseMay 28, 2020
Boeing's stock rally could add nearly 50 points to the Dow's price
Shares of Boeing Co. rallied 4.5% ahead of the Thursday's, to pace all of the Dow Jones Industrial Average's premarket gainers, after the aerospace giant said it was cutting nearly 7,000 jobs and slowly restarting production of its 737 MAX aircraft, which the company had halted in January. The stock's implied price gain would add about 46 points to the Dow's price, while Dow futures rose 156 points. Boeing also said late Wednesday that it was seeing "green shoots" after the COVID-19 pandemic led to a virtual halt of air travel, with some of its airline customers reporting that reservations are now outpacing cancellations for the first time since the pandemic started.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

NYTimes BusinessMay 28, 2020
on the Four Months After First Case, U.S. Death Toll Passes 100,000
Scientists are revising the timeline of how the virus spread. Education Secretary Betsy DeVos said she would direct public school districts to share federal aid with private schools.

Reuters Company NewsMay 28, 2020
GLOBAL MARKETS-Europe cheers super-sized stimulus plan, U.S.-China tensions simmer
European shares rose for a fourth straight session on Thursday and the euro perched at a two-month high, as businesses returning to work and a 750 billion euro EU stimulus plan outweighed rising U.S.-China tensions.

MarketWatch MarketPulseMay 28, 2020
Dollar Tree shares jump after earnings beat expectations
Dollar Tree Inc. shares jumped 3.4% in Thursday premarket trading after the discount retailer reported first-quarter earnings and sales that beat expectations. Net income totaled $247.6 million, or $1.04 per share, down from $267.9 million, or $1.12 per share, last year. Sales totaled $6.29 billion, up from $5.81 billion last year. The FactSet consensus was for EPS of 85 cents and sales of $6.14 billion. Same-store sales increased 7%, with Family Dollar up 15.5% and the namesake Dollar Tree down 0.9%. Dollar Tree's same-store sales were hurt by declines during the Easter holiday, with the party, candy and Easter categories down 490 basis points, according to a statement from Mike Witynski, enterprise president of the company. However, the chain bounced back with discretionary sales improving for things like Mother's Day, balloons and graduation, according to Gary Philbin, chief executive of Dollar Tree. "With more than 38 million Americans filing unemployment claims in the past nine weeks, we believe that Dollar Tree and Family Dollar are part of the solution to help millions of families stretch their budgets to help make ends meet," Philbin said in a statement. Dollar Tree's portfolio of stores are considered essential businesses with all 15,300-plus stores open for business. Store hours have been modified for cleaning and restocking, contactless payment options have been added and other measures taken in light of the coronavirus pandemic. Dollar Tree previously withdrew its guidance, and expects capex for the year of $1.0 billion compared with the previous expectation of $1.2 billion. Dollar Tree ended the quarter with $1.76 billion in cash after drawing down $750 million from its revolving line of credit. Dollar Tree stock is down 7% for the year to date while the S&P 500 index has fallen 6% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this n

MarketWatchMay 28, 2020
The Tell: Why one stock-market bull, who called the bounce off March lows, now sees the S&P 500 rising another 7% by August
Stifel's Barry Bannister lifts his target for the S&P 500 to 3,250, citing signs the worst of the economic hit from the COVID-19 pandemic are past.

Yahoo BusinessMay 28, 2020
Boeing Cuts 6,770 Jobs In U.S.; CFRA Upgrades Stock To Buy
Boeing Co (BA) announced that it is laying off another 6,770 employees in the U.S. as the U.S. planemaker is cutting costs to cope with the impact that the coronavirus pandemic is having on the aviation industry.Boeing said it is taking these streamlining measures as travel restrictions tied to the coronavirus pandemic have resulted in a deep cut in the number of commercial jets and services its customers need over the next few years. Earlier this month, the planemaker reported that it did not receive a single order in April, while it was also grappling with 108 order cancelations for its grounded 737 MAX plane.In response to the aviation crisis, Boeing announced in April that it would slash 10% of its global workforce of 160,000 by the end of this year.In a separate statement, the ailing planemaker said it has restarted 737 MAX production at its factory in Renton, Washington, albeit at a low rate and is planning to gradually ramp up production this year. Temporary suspension of production had begun in January after the company grounded the 737 MAX jet last year following a second crash."We are seeing some green shoots. Some of our customers are reporting that reservations are outpacing cancellations on their flights for the first time since the pandemic started," Boeing President and CEO Dave Calhoun wrote in a letter to employees. "Some countries and U.S. states are starting cautiously to open their economies again. And some parts of our business, most notably on the defense side, will continue hiring to meet custome

Reuters Company NewsMay 28, 2020
GLOBAL MARKETS-Asian stocks turn red as Hong Kong tensions sour mood
Asian shares erased gains and the yuan languished on Thursday on growing worries China's planned security law for Hong Kong would spark a broader diplomatic confrontation with the United States.

CNBC FinanceMay 28, 2020
Stocks making the biggest moves in the premarket: Abercrombie & Fitch, Dollar General, Amazon & more
The stocks making the biggest moves in premarket trading include Abercrombie & Fitch, Dollar General, Amazon, and more.

MarketWatch Breaking NewsMay 28, 2020
Dow futures pointing to more reopening optimism on Wall Street
Dow futures pointing to more reopening optimism on Wall Street

FT.com - USMay 28, 2020
Tencent launches $6bn bond in record Asia fundraising rush
Companies hungry for dollar funds to see themselves through coronavirus crisis

MarketWatchMay 28, 2020
Asia Markets: Hong Kong shares drop amid tensions with China
Shares rose in Tokyo and Sydney, but fell in China and Hong Kong, where tensions are flaring over Beijing's effort to exert more control over the former British colony.

Google Business NewsMay 28, 2020
CDC Undercuts Utility Of Antibody Tests As Key COVID-19 Tool | Rachel Maddow | MSNBC - MSNBC
CDC Undercuts Utility Of Antibody Tests As Key COVID-19 Tool | Rachel Maddow | MSNBC  MSNBCCDC advises on steps to take if you've tested positive for coronavirus or have COVID-19 symptoms  Yahoo LifestyleDon't waste coronavirus tests on those already showing symptoms. There's a smarter way.  USA TODAYInfectious disease doctor, state epidemiologist, CDC cast doubt on accuracy of COVID-19 antibody tests  fox13now.com

Reuters BusinessMay 27, 2020
Asian stocks gain on economic hopes, but Hong Kong risk clouds outlook
Asian shares and U.S. stock futures rose on Thursday as growing optimism about a global economic recovery from the coronavirus pandemic trumped immediate concerns about a standoff between the United States and China over Hong Kong.

FT.com - Financial MarketsMay 27, 2020
Government stimulus plans fuel further gains in global stocks
Analysts remain wary that US-China tensions could derail market rally

MarketWatchMay 27, 2020
Key Words: ‘Facebook shouldn't be the arbiter of truth,' Zuckerberg tells Fox News
Mark Zuckerberg called out his social-media rival on Wednesday, saying Twitter Inc. should not be fact-checking President Donald Trump — or anybody.

Google Business NewsMay 27, 2020
Boeing is building the 737 Max again even though it is not yet approved to fly - CNN
Boeing is building the 737 Max again even though it is not yet approved to fly  CNNWhy Shares of Spirit AeroSystems Were Up Today  Motley FoolBoeing to resume 737 Max production  CNBC TelevisionBoeing cutting more than 12,000 U.S. jobs, thousands more planned  ReutersBoeing set to start voluntary layoffs: Report  Yahoo FinanceView Full Coverage on Google News

CNBC BusinessMay 27, 2020
'I think they're confused' — Jim Cramer says bull investors have one thing wrong about the economy
"I'm betting the field will be spread out by the time we get to the homestretch, and many of the current winners will fall behind," the "Mad Money" host said.

Google Market NewsMay 27, 2020
Zuckerberg knocks Twitter for fact-checking Trump, says private companies shouldn't be 'the arbiter of truth' - Fox News
Zuckerberg knocks Twitter for fact-checking Trump, says private companies shouldn't be 'the arbiter of truth'  Fox NewsTrump to sign executive order on social media amid Twitter furor  POLITICOTrump slams Twitter and leads us off on another diversion  Los Angeles TimesTrump's ‘Horrifying Lies' About Lori Klausutis May Cross a Legal Line  The New York Times

NYTimes BusinessMay 27, 2020
Disney World is Reopening, but You Won't Be Able to Hug Mickey
The Florida resort is one of the largest tourist sites in the world, but capacity will be limited, face masks will be mandatory, and it won't be possible to get up close and personal with characters.

MarketWatchMay 27, 2020
Earnings Results: Box shares climb 6% as large-enterprise deals jump
Box Inc. shares climbed 6% in the extended session Wednesday after the enterprise-content platform reported fiscal first-quarter results that illustrated hunger among large customers for work-collaboration technology that, in turn, exceeded Wall Street estimates.

Autodesk shares fall after earnings beat (MarketWatch MarketPulse)

CNBC FinanceMay 27, 2020
Dow jumps 300 points, breaks above 25,000 as investors cheer the economy reopening
Stocks rose for a second day on optimism about the reopening of the economy. However, a decline in tech shares kept the gains in check.

MarketWatchMay 27, 2020
Two-thirds of laid-off workers may temporarily be receiving more money in unemployment benefits than they did from their jobs
Democrats want to extend the payout window, but Republicans say the benefits are too rich.

Boeing to lay off nearly 7,000 workers, resumes 737 Max production (MarketWatch MarketPulse)

Reuters BusinessMay 27, 2020
Huawei CFO Meng loses key court fight against extradition to United States
Huawei Technologies Co's Chief Financial Officer Meng Wanzhou was dealt a setback by a Canadian court on Wednesday as she tries to avoid extradition to the United States to face bank fraud charges, dashing hopes for an end to her 18-month house arrest in Vancouver.

Canadian Court to Rule on Extradition of Huawei Executive to United States (NYTimes Business)

FT.com - USMay 27, 2020
Coronavirus latest: Disney World targets July 11 reopening
Both nations are indispensable, so companies face a two-track world

Walt Disney World proposes July 11 for phased reopening, later than other Florida theme parks (MarketWatch)
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