Could unemployment hit 20% next month?

Your daily source for trading strategies, tech news, and politically incorrect humor.

Dear Bullets Fans,

Your Morning Bullets Brief is here.

It’s the weekend, so there’s no economic data or earnings to follow today.

However, it IS Mother’s Day weekend, so don’t forget to take care of the Moms, Grandmas and/or the wife of your life!

Now, let’s dig in…

BRIEF UPDATES: THE MARKETS

• White House economic adviser says unemployment rate could rise to 20% in May

• Flouting County Lockdown, Tesla Brings Workers Back to Fremont Factory

• United Airlines abandons $2.25bn bond offering – here’s why they turned it down

• U.S. companies kept shipping masks overseas even as hospitals ran out and despite warnings

• U.S. post office loss doubles as it warns COVID-19 will hit its finances

• Delta to suspend service to nearly a dozen US airports starting next week

• The coronavirus economy is exposing how easy it is to fall from the middle class into poverty

• U.S. data deluge to underscore divide between roaring market, plunging economy

• Want a Second Stimulus Payment? These 4 Proposals Are Making Their Rounds in Congress

• Why unemployment claims are so much higher in Kentucky, Hawaii and Georgia

• Beware: Your coronavirus unemployment benefits will be taxed. How to avoid a huge hit

• It’s one of the hottest ETFs of the coronavirus era — and the woman who nailed the 2018 stock-market shock created it just a year ago

• Biotechnology experts who understand both science and investing are skeptical of the stock market’s strength

BILLIONS OF DEVICES. ONE KEY COMPONENT.

BRIEF UPDATES: STOCK PICKS & PREDICTIONS

• The U.S. economy may be in for a ‘square root’–shaped recovery — and you won’t like it any more than algebra class

• Tesla’s stock could see new peaks thanks to these 3 catalysts

• 3 Top Growth Stocks to Buy in May

• Fiber: the secret ingredient to 5G’s success

• No evidence 5G is a major health risk

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