Here's what we are reading this morning:
Stein Mart Files for Bankruptcy
Off-Price Retailer Stein Mart Files for Bankruptcy, Plans to Close Stores - WSJ
Small Businesses Are Dying by the Thousands — And No One Is Tracking the Carnage - The Washington Post
Revlon Lenders Sue Over ‘Theft’ of $1.8 Billion Loan Collateral - WSJ
Coronavirus stimulus news: Pelosi says Dems and White House are miles apart
Lyft president says it may have to suspend service in California
Uber CEO says its service will probably shut down temporarily in California if it’s forced to classify drivers as employees
J.C. Penney’s fate will stay undecided for a few more days
J.C. Penney Landlords Nearing Deal to Buy Bankrupt Retailer - WSJ
Airbnb Quarterly Revenue Drops 67%; IPO Still Planned - Bloomberg
Rick Green (Bloomberg): "Mall rent collection scoreboard on @business: Washington Prime 44% for the quarter, 71% in July. Macerich 58% and 66% in June and July. Penn REIT 53% April-July. WashPrime tells investors it’s `silly' to draw conclusions from a single quarter. #distresseddebt from @JeremyHtweets" / Twitter
Coronavirus-Hit State Budgets Create a Drag on U.S. Recovery - WSJ
Simon (SPG) CEO David Simon 'Confused' by What's Ahead for Mall Rent Collection - Bloomberg
Rights Offerings in Chapter 11 Bankruptcies | Insights | Skadden, Arps, Slate, Meagher & Flom LLP