Amazon's Alexa is eavesdropping on your lawyer
Only one thing is more important than the headlines below this morning:
Stay home.
#FlattenTheCurve
TODAY IN…
DEEP TECH:
U.S. chip companies maintain commanding global market share lead
MEDIA & TELECOM:
Locked-down lawyers warn that Amazon’s Alexa is hearing confidential calls
HEALTHCARE TECH:
No part of the U.S. has enough hospital beds for a coronavirus crisis
Ford, GM baffled over ventilators they’re willing to make … See also: UK consortia rush to develop new medical ventilator … And: Open-source project spins up 3D-printed ventilator validation prototype in just one week
FINANCE:
With U.S. stocks now 35% below their mid-February peak, when will financial markets hit bottom? … See also: Analysis of 27 bear markets since the 1800s suggests coronavirus effects could be short-lived
St. Louis Fed president expects an unprecedented 50% plunge in GDP and sees the unemployment rate hitting 30% in coming months … See also: Jobless claims surged 33% last week to reach 281K … And: More than two thirds of Americans live paycheck to paycheck and these charts show how many people are losing their jobs
Fed announces aggressive response to coronavirus … See also: Fed to conduct $1 trillion in daily repo for rest of March 2020 … And: Fed to add $15 billion of mortgage purchases on top of $32 billion already planned
"The market for commercial real estate mortgage loans in the U.S. stands on the brink of collapse"
U.S. subprime mortgage specialist seeks buyers for $1bn of assets
Weird price dislocations are shaping the $4.1 trillion U.S. municipal bond market
PUBLIC POLICY:
U.S. virus rescue plan stalls … See also: Negotiations falter over $2 trillion US stimulus deal … And: Trump joins Democrats in calls to block share buybacks
And finally…