Be in the know. 25 key reads for Wednesday…

  1. ADP Employment Change (May) -2.76M vs -9M Expected (StreetInsider)
  2. Gilead developing inhaled remdesivir usable outside of hospitals (New York Post)
  3. Trump Administration Escalates Global Fight Over Taxing Tech (New York Times)
  4. Small banks and small businesses turned out to be a good combination when it came to PPP loans (USA Today)
  5. Eurozone services PMI climbs to 30.5 in May (MarketWatch)
  6. Restaurant bookings have fully recovered in Germany in a sign that activity rebounds quickly as lockdowns ease (MarketWatch)
  7. Here’s what the ECB has been buying with the special pandemic asset-purchase program that it is set to expand (MarketWatch)
  8. Barron’s Daily: Good News Stock Investors — the Dollar Is Slumping (MarketWatch)
  9. Gilead’s stock upgraded on high hopes for remdesivir revenue (MarketWatch)
  10. The No. 1 thing Americans are spending their stimulus checks on — even more than shopping at Costco, Walmart and Target (MarketWatch)
  11. Saudi, Russia reach deal on oil cuts, raising pressure for compliance (Reuters)
  12. China drives global oil demand recovery out of coronavirus collapse (Reuters)
  13. Boeing jumps after Third Point reveals stake in monthly report (TheFly)
  14. Real Estate Investors View Small Cities as Big Opportunities (Institutional Investor)
  15. China Caixin service PMI up sharply in May (MarketWatch)
  16. What Happened in 1968 Can Show Us Why the Market Is Rising Now (Barron’s)
  17. Lyft Says Ride Volumes Picked Up Smartly in May (Barron’s)
  18. Boeing and Airbus Will Benefit First From an Aerospace Recovery (Barron’s)
  19. A Relative Calm as U.S. Cities Undergo Curfews (Wall Street Journal)
  20. How many small businesses in US are now fully or partially open (Fox Business)
  21. Mortgage demand from homebuyers jumps 18%, as interest rates set another record low (CNBC)
  22. Heart Drugs Show Promise With Covid-19 Complications (Wall Street Journal)
  23. British Pound Climbs on Optimism Over EU Trade Talks (Wall Street Journal)
  24. Fed Promised to Buy Bonds but Is Finding Few Takers (Wall Street Journal)
  25. Coronavirus Stimulus Funds Are Largely Spoken for Wall Street Journal)