Here's what we are reading this morning:
Briggs & Stratton Taps Restructuring Advisers With Debt Looming - Bloomberg
Magna CEO: Why the industry can't afford another shutdown
Nissan to cut costs, capacity, lineup in sweeping overhaul
Is BART running out of money? Budget showing serious shortfalls - SFChronicle.com
Weekly jobless claims reach 2.1 million, but total unemployed shrinks
More than one in five workers are either receiving unemployment benefits or waiting for approval | Economic Policy Institute
How companies are becoming creative with accounting during the COVID-19 pandemic - MarketWatch
Nordstrom sales fall 40%, but retailer says it has ‘sufficient liquidity’ to weather pandemic
Behind the Fall of China’s Luckin Coffee: a Network of Fake Buyers and a Fictitious Employee - WSJ
24 Hour Fitness Seeks Bankruptcy Loan as Gym Shutdowns Drag On - WSJ
California regulator approves PG&E's Chapter 11 reorganization plan - Reuters