Here's what we are reading this morning:
U.S. Economy Contracted at Record Rate Last Quarter; Jobless Claims Rise to 1.43 Million - WSJ
Kelsey Butler (Bloomberg): "[Moody's] says there are a record 102 non-financial companies in the crossover zone b/w high grade and speculative grade"
Dunkin' could close 1,150 global locations
Offshore Driller Valaris Says Bankruptcy Filing Could Be Imminent - WSJ
U.S. Economy’s Rebound Looks Shakier After Worst Quarter Yet - Bloomberg
Mystery Deepens At ‘Ponzi Scheme-Like’ Real Estate Operation
Men’s Wearhouse Parent Said to Prepare Imminent Bankruptcy - Bloomberg
United to drop contract with ExpressJet, dealing fatal blow - Reuters
Record Low for U.S. G.D.P. as Coronavirus Takes Huge Toll - The New York Times
Denbury Resources to file for Chapter 11 with plan to eliminate $2.1 billion of bond debt - MarketWatch