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Quote of the Day
"Here’s a useful expectation: assume the world will break once or twice per decade. I don’t know where, or when, or how, who it will affect."
(Morgan Housel)
Markets
- What was the catalyst for the stock market in April? (theirrelevantinvestor.com)
- How unusual has the past week been for the stock market? (sentimentrader.com)
Companies
- Three questions for Warren Buffett including one about stock buybacks. (morningstar.com)
- A back of the envelope attempt at estimating Tesla's ($TSLA) 2023 earnings. (ftalphaville.ft.com)
- What a shopping mall looks like by credit rating. (ritholtz.com)
Business
- Costco ($COST) is going to require customers to use face masks. (cnn.com)
- Starbucks ($SBUX) has a plan for re-opening for to-go orders. (buzzfeednews.com)
- Face masks for passenger will soon be required on commercial flights. (cnbc.com)
- Hosts leveraged to the Airbnb economy are facing tough times. (wsj.com)
Movies
- The Oscars will consider movies that were unable to have a theatrical release due to the pandemic. (variety.com)
- "Trolls World Tour" shows that the PVOD model can work. (thestreamable.com)
- Theater companies are none too happy with Universal. (theringer.com)
Finance
- How much of all the new retail trading is due to people not having other outlets to gamble? (axios.com)
- The financial services industry is, in general, slow to move its core functions into the cloud. (protocol.com)
- Companies are turning to convertible debt, a la 2008, to tide themselves over. (wsj.com)
Covid-19
- Paul Constant, "Reopening the economy isn't as simple as just opening the doors and letting the masses clamber inside." (businessinsider.com)
- A sober take on what the remdesivir news portends for the pandemic. (sciencemag.org)
- There is a mad rush to create contact tracing apps with all sorts of implications for privacy and efficacy. (nytimes.com)
- Contact tracing only works with a big human component. (buzzfeednews.com)
- A look at what could be the 'lost summer of 2020.' (axios.com)
Masks
- Models show the use of face masks in public could greatly reduce coronavirus transmission. (venturebeat.com)
- Why men, especially, don't like to wear masks. (blogs.scientificamerican.com)
Higher education
- The coronavirus pandemic is going accelerate the closure of small, liberal arts colleges. (wsj.com)
- There's going to be a fall off in enrollment this Fall, the question is how much? (insidehighered.com)
- Second tier colleges are going to get crushed by the coronavirus. (ft.com)
Economy
- Q1 GDP numbers were bad. Q2 is going to be even worse. (econbrowser.com)
- Nearly 18 million Americans are now claiming unemployment. (calculatedriskblog.com)
- High unemployment is being accompanied by wage cuts as well. (finance.yahoo.com)
- State unemployment systems weren't built with a surge like this in mind. (wsj.com)
- A dose of unemployment can affect a person's career trajectory for a long time. (economist.com)
- "The aggregate funding ratio for U.S. state pension plans decreased by 12.2 percentage points to 62.6% during the first quarter, Wilshire Consulting estimates." (pionline.com)
Earlier on Abnormal Returns
- Startup links: sticking around long enough. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: income vs. assets. (abnormalreturns.com)
Mixed media
- How the pandemic will change cities and retail along the way. (theatlantic.com)
- Many Americans living in urban areas are thinking of moving due in part to the pandemic. (axios.com)
- Is coronavirus going to accelerate migration from New York City? (wsj.com)
- There's not enough suburban house inventory for the increased level of demand. (cnbc.com)
- The first-hand story of some New Yorkers who are not planning to come back. (nypost.com)
