September 11, 2020 Welcome to this edition of The Reader, a weekly roundup of Fortune stories and insights.
It's been an eventful week. Citigroup named Jane Fraser CEO, shattering Wall Street’s glass ceiling. Across the country in Silicon Valley, the TikTok sale remains tech's biggest soap opera. In Washington, Senate Democrats blocked the GOP's $500 billion aid package. Meanwhile, coronavirus positivity rates reached ‘red zone’ territory in 13 U.S. states.
Read on for more news. 
 MUST READ
The Republicans' "skinny" stimulus package did not include funding for a second round of $1,200 stimulus checks
BY LANCE LAMBERT SEPTEMBER 10, 2020
TECH 
Here’s everything you need to know about TikTok and moment of reckoning. BY DANIELLE ABRIL SEPTEMBER 5, 2020
FINANCE 
"Perhaps the committee is concerned about the stability of Tesla’s earnings." BY ANNE SRADERS SEPTEMBER 8, 2020
  MUST WATCH
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From the archives
“So what is the real result of Obama’s “stimulus?” The plan has surely shifted money from savings to consumption, although the amounts are impossible to determine. For example, the Making Work Pay program last year gave $800 in cash to middle-class families. It’s probable that they spent more of that money than the folks who bought the bonds, who typically have higher incomes, would have spent. The grants to the states to maintain government jobs made those workers feel more comfortable about their futures, and doubtless gave them the money and confidence to spend more of their incomes. The government also spent tens of billions directly on goods and services.
So what would have happened if we’d had no stimulus at all? By economic law, all of the money that was borrowed and redirected to consumption would have gone somewhere else.” —Why savings stimulate more than spending by Shawn Tully, September 2010 . This email was sent to [email protected] Unsubscribe | Edit your newsletter subscriptions
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