Daily News Links

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Saturday, August 22, 2020

General

• California governor calls wildfires 'deadly moment,' urges residents to flee
  Reuters
• Wall Street Week Ahead: No elk or trout, but Fed's virtual retreat may stoke market's 'animal spirits'
  Reuters
• Covid-19 Is Dividing the American Worker
  WSJ
• Even With a Strong Crop This Year, U.S. Farmers Are Suffering
  WSJ
• U.S. Existing-Home Sales Rose Nearly 25% in July
  WSJ
• US public pension plans face ‘vicious cycle’ as funding gap soars
  FT

Friday, August 21, 2020

Evening

• S&P 500, Nasdaq end at records after upbeat business surveys
  Reuters
• Oil falls 1% on sluggish coronavirus recovery, supply concerns
  Reuters
• Dollar beats euro for first week since mid-June after bullish data
  Reuters
• Low rates and heavy buyer demand send US home sales surging
  AP
• Coronavirus live updates: U.S. hotspots spread to Midwest; former FDA chief warns of a ‘third act’ of the virus
  CNBC
• Bears Are Going Extinct in Stock Market’s $13 Trillion Rebound
  Bloomberg
• Pandemic triggers wave of billion-dollar US bankruptcies
  FT
• US-China: is Huawei ‘too big to fail’?
  FT

General

• Stocks Lose Oomph; Bonds Gain With Dollar: Markets Wrap
  Yahoo/Bloomberg
• Waning European recovery saps stocks momentum, knocks euro
  Reuters
• Euro sinks as business rebound stutters in August
  Reuters
• Oil Extends Decline With Demand Headwinds Mounting
  Yahoo/Bloomberg
• July home sales spike a record 24.7% as prices set a new high
  CNBC
• Corporate America Is Choking on Debt and Imperiling the Recovery
  Yahoo/Bloomberg
• Struggling retailers rush to file for bankruptcy as fears of a second wave of coronavirus linger
  CNBC
• Coronavirus live updates: Former FDA chief warns of a ‘third act’ of the virus that could be ‘more pervasive’
  CNBC
• Report finds $50 billion of cryptocurrency moved out of China hinting at capital flight against Beijing rules
  CNBC
• Amid heightened tensions, Taiwan tells China not to underestimate its resolve
  Reuters
• Trump Threatens Tariffs for U.S. Companies That Won’t Move Jobs Back
  Bloomberg
• The Blackout Trade: How a Power Market Went Dark in California
  Bloomberg
• China Just Killed Its $491 Billion Private Loan Market
  Bloomberg
• Record Ice Loss in Greenland Is a Threat to Coastal Cities Worldwide
  Bloomberg
• We Have Crossed the Line Debt Hawks Warned Us About for Decades
  NYT
• When the Stock Market and Economy Seem Disconnected
  WSJ
• Global Economies Show Signs of Stuttering Recovery From Coronavirus Lockdowns
  WSJ
• Student Loan Borrowers Would See a Big Chunk of Debt Disappear Under Biden Plan
  WSJ
• Eurozone economic rebound is losing steam, surveys suggest
  FT
• Robinhood upstarts who ambushed the financial establishment
  FT

Evening

• Asian stocks set to rise after Wall Street tech-driven rally
  Reuters
• Dollar on defensive as fresh jobs pain hits U.S. economy
  Reuters
• U.S., China differ over plans for Phase 1 trade deal talks
  Reuters
• Working from home raises questions about U.S. inequality: Fed panel
  Reuters
• U.S. moves to restore all U.N. sanctions on Iran in dispute over nuclear deal
  Reuters

Thursday, August 20, 2020

Afternoon

• Wall Street ekes out gains as tech stocks eclipse data gloom
  Reuters
• Fear fading on Wall Street as investors learn to love the new bull market
  Reuters
• Rise in U.S. weekly jobless claims clouds labor market recovery
  Reuters
• Money Managers Bracing for Upheaval With Stocks Near Record
  Bloomberg
• Banks Are Putting Lower Limits on New Credit Cards
  Bloomberg
• Trump Nominee Shelton Blasted by Fed Alums in Open Letter
  Bloomberg
• Brazil’s Real Falls as Shock Senate Vote Fuels Fiscal Woes
  Bloomberg

General

• Stocks Slide, Bonds Rise After Jobs Data: Markets Wrap
  Yahoo/Bloomberg
• Traders Dump TSMC, Samsung in Worst Day in Asia Tech Since March
  Yahoo/Bloomberg
• Oil and stocks fall as markets still rattled by Fed minutes
  Reuters
• Most Asian currencies weaken, Thai baht falls most
  Reuters
• U.S. weekly jobless claims jump back above 1 million
  CNBC
• Fed to cut one-week dollar swap operations with major central banks
  Reuters
• China, United States agree to hold trade talks, Chinese commerce ministry says
  Reuters
• Coronavirus live updates: Teachers threaten strikes in Detroit and NYC; WHO warns of resurgence in Europe
  CNBC
• Wall Street Rethinks Stock Strategy as Dollar Risks Rise
  Yahoo/Bloomberg
• Northern California wildfires threatening thousands of homes
  AP
• China vows all necessary measures to protect its firms following U.S. curbs on Huawei
  Reuters
• China's outstanding loans to small businesses up 27.5% year-on-year by end-July
  Reuters
• Millions of Chinese investors rushed into July's stock market rally
  Reuters
• Gold to Gain on Massive Currency Debasement, SkyBridge Says
  Yahoo/Bloomberg
• China’s Stock Mania Lures Most New Traders Since 2015
  Bloomberg
• Central banks scale back dollar lending operation as demand drops
  FT
• Today’s ultra-low interest rates are anything but ‘natural’
  FT
• US share buybacks almost cut in half by pandemic
  FT
• Macro hedge funds enjoy unlikely renaissance
  FT
• Why is the ‘anti-vaxxer’ movement growing during a worldwide pandemic?
  FT

Wednesday, August 19, 2020

Evening

• Stock futures tick lower after the Fed highlights economic uncertainty
  CNBC
• Stocks Fall While Dollar Rallies After Fed Minutes: Markets Wrap
  Yahoo/Bloomberg
• Gold tumbles 3% as Fed minutes lift dollar, Treasury yields
  Reuters
• Fed Minutes Show FOMC Backs Away From Sept Guidance Shift
  Yahoo/Bloomberg
• Several Fed policymakers see more easing ahead to help brace economy
  Reuters
• Coronavirus live updates: Universities scramble to respond to outbreak, schools likely years away from ‘normal’
  CNBC
• Fed Officials Said the Economy Needed More Help From Congress
  NYT
• Fed advances policy review on ‘very elevated’ uncertainty
  FT

Afternoon

• Wall Street ends lower after Fed minutes highlight difficult economic recovery
  Reuters
• Fed officials expect that coronavirus will ‘weigh heavily’ on the economy, minutes show
  CNBC
• Coronavirus live updates: CDC to monitor sewage systems for virus; schools likely years from return to ‘normal’
  CNBC
• Exclusive: Fed's Bullard - Wall Street 'about right' as U.S. muddles through virus risk
  Reuters
• California wildfires force more evacuations amid record heat and lightning strikes
  CNBC
• Fed Minutes Note Consumer Spending Rebound, Business Uncertainty
  Bloomberg
• Fed Resumed Deliberations Over Policy-Setting Revamp
  WSJ
• Covid-19 Appeared to Be Under Control in Europe. Now It’s Surging Again
  WSJ
• Flooding Again Pounds China’s Three Gorges Dam
  WSJ

General

• Shares gain as Wall Street record outweighs jitters over growth
  Reuters
• Dollar struggles near 27-month lows as Fed minutes eyed
  Reuters
• Oil slips as demand worries outweigh U.S. stocks draw
  Reuters
• U.S. official sees 'real desire' for smaller coronavirus relief bill
  Reuters
• No new U.S.-China talks scheduled: White House chief of staff
  Reuters
• Weekly mortgage refinances fall as interest rates suddenly turn higher
  CNBC
• Coronavirus live updates: Britain to ramp up mass testing; Roche and Regeneron team up on new drug
  CNBC
• Big Banks Sit on $250 Billion of Murkiest Trades After Covid
  Yahoo/Bloomberg
• Japan's exports tumble, capex outlook sags as demand wilts
  Reuters
• China says latest U.S. sailing near Taiwan 'extremely dangerous'
  Reuters
• Trump Cancels China Talks, Raising Questions About Trade Deal
  Bloomberg
• Virus Alters Where People Open Their Wallets, Hinting at a Halting Recovery
  NYT
• ‘This Market Is Nuts’: S&P 500 Hits Record, Defying Economic Devastation
  NYT
• Fed Minutes to Shed Light on Central Bank Strategy Review
  WSJ
• Next Steps on Coronavirus Stimulus Package Divide Both Parties
  WSJ
• The Latest Pain Trade on Wall Street: Banks
  WSJ

Tuesday, August 18, 2020

Evening

• Stock futures flat after S&P 500 notches new record
  CNBC
• The pandemic bull market: S&P 500 closes at record high
  Reuters
• Trump says he postponed trade talks with China
  Reuters
• Trump Says He Delayed China Talks, Faults Beijing Over Virus
  Bloomberg
• Chinese Buy Up Real Estate But Hold Off on Dining Out, Gambling
  Bloomberg
• China’s Xi Jinping Tightens Grip on Domestic Security Forces in First Broad Purge
  WSJ

Afternoon

• Big Tech drives S&P 500 to record high in coronavirus rally
  Reuters
• Gold ends higher for a second session and retakes perch atop $2,000
  MarketWatch
• Dollar Erases Trade-War Gains After Sinking to Lowest Since 2018
  Yahoo/Bloomberg
• Dollar falls to 27-month low as U.S. stocks hit record highs
  Reuters
• Pelosi: Democrats willing to cut COVID-19 bill in half to get a deal
  Reuters
• U.S. Warns Colleges to Divest China Stocks Over Delisting Risk
  Yahoo/Bloomberg
• The war against the dollar is heating up
  Axios
• Walmart says consumer spending dropped as stimulus checks ran out
  CNBC
• Coronavirus live updates: Notre Dame reports 11% positive test rate; Yale saliva test may miss some infections
  CNBC
• Monopoly Power Lies Behind Worst Trends in U.S., Fed Study Says
  Bloomberg

General

• U.S. Stocks Climb on Housing Data; Dollar Slips: Markets Wrap
  Yahoo/Bloomberg
• Gold climbs back above $2,000/oz level as dollar slides
  Reuters
• Dollar touches more than 2-year low as traders push euro longs to record high
  Reuters
• Europe stocks get travel boost, dollar slides on stimulus concern
  Reuters
• U.S. Housing Starts Surge by Most Since 2016 and Permits Climb
  Yahoo/Bloomberg
• Coronavirus live updates: U.S. averaging over 50,000 cases a day; Singapore announces more stimulus
  CNBC
• Currency Markets Warn of Turbulence Ahead
  Yahoo/Bloomberg
• Rallying Stock Market Is Forcing Everyone to Become a Believer
  Yahoo/Bloomberg
• U.S. and European firms face $1 trillion in costs to relocate their Chinese supply chains, BofA says
  CNBC
• Wall Street holds the cards as Main Street chases blank-check deal frenzy
  Reuters
• Rolling blackouts warning issued for 3 million California homes
  Reuters
• S&P warns of rising real rates risk to China's recovery
  Reuters
• Spanish public debt hit record in June on COVID spending, above 100%/GDP
  Reuters
• High Yields Can’t Stop Global Fund Exodus From Indian Bonds
  Yahoo/Bloomberg
• China Calls U.S. Rules on Huawei ‘Nothing Short of Bullying’
  Bloomberg
• U.S. Tightens Restrictions on Huawei’s Access to Chips
  WSJ
• Selloff in Emerging-Market Currencies Shows No Sign of Respite
  WSJ
• Empire State Building Reflects New York’s Deepening Real-Estate Woes
  WSJ
• Why China’s economic recovery from coronavirus is widening the wealth gap | Free to read
  FT
• Californians point fingers as millions face power outages
  FT
• Yield-starved investors start to rummage in triple C-rated debt
  FT
• The Chinese economy’s two-speed recovery from coronavirus
  FT
• China’s share of global exports falls in supply chains rethink
  FT
• Mario Draghi urges Europe to use soaring debt for productive purposes
  FT
• Water shortages and heatwaves: Europe confronts changing climate
  FT

Monday, August 17, 2020

Evening

• Tech rally elevates Nasdaq to record high close
  Reuters
• Coronavirus live updates: U.S. averaging over 50,000 cases a day
  CNBC
• Foreigners buy U.S. Treasuries in June, after selling three straight months, data shows
  Reuters
• Grid operator: 3.3 million California homes could lose power
  AP
• U.S. High-Grade Bond Sales Set Record, Reach $1.346 Trillion
  Bloomberg

Afternoon

• Tech stocks gain as S&P 500 flirts with record high
  Reuters
• Oil rises on China plan to boost U.S. imports, OPEC+ compliance
  Reuters
• As U.S. homebuilder confidence matches record high, mortgage delinquencies rise
  Reuters
• Factbox: Key dates on the 2020 U.S. presidential election calendar
  Reuters
• FHA Mortgage Delinquencies Reach a Record, Led by New Jersey
  Yahoo/Bloomberg
• Junk-Muni Boom Sets Up Historic Distress for Billions of Debt
  Yahoo/Bloomberg
• Robinhood Now Valued at $11.2 Billion With New Fund Backing
  Yahoo/Bloomberg
• China’s CDC, Built to Stop Pandemics, Stumbled When It Mattered Most
  WSJ

General

• U.S. Stocks Rise With Europe Stocks; Metals Climb: Markets Wrap
  Yahoo/Bloomberg
• Europe stuck on the ground as China markets jump
  Reuters
• Dollar on defensive as markets eye U.S. politics, Fed minutes
  Reuters
• Pelosi to call House back into session to vote on USPS bill
  CNBC
• Homebuilder sentiment jumps to record high, but soaring lumber prices could ‘dampen momentum’
  CNBC
• Coronavirus live updates: New Zealand delays election as cases climb
  CNBC
• China central bank injects 700 billion yuan of MLF loans, rates steady for fourth month
  Reuters
• Japan's economy shrinks at record pace as pandemic wipes out 'Abenomics' gains
  Reuters
• Thai second-quarter GDP shrinks 12.2% year-on-year, weakest in 22 years
  Reuters
• Southeast Asia faces more severe effects of climate change than the rest of the world, McKinsey says
  CNBC
• Hedge Funds Are Short on Dollar for First Time in Two Years
  Yahoo/Bloomberg
• Fraying U.S.-China Relations Tested by Trump Ahead of Election
  Bloomberg
• New York Manufacturing Expands Less Than Forecast as Orders Drop
  Bloomberg
• China Housing May Have Hit ‘Potentially Precarious Peak,’ Harvard’s Rogoff Argues
  Bloomberg
• In California’s Brutal Climate Loop, Heatwaves Raise Fire Risk
  Bloomberg
• Traders Brace for Haywire Markets Around Presidential Election
  WSJ
• The decoupling of the US and China has only just begun
  FT

Sunday, August 16, 2020

Evening

• Stock futures rise as S&P 500 tries to build on last week’s gains and reach all-time high
  CNBC
• Dollar Steady; Asia Stocks Point to Softer Start: Markets Wrap
  Yahoo/Bloomberg
• Battered Treasuries Face Test From Stimulus Talks, Brighter Data
  Yahoo/Bloomberg
• The Emerging Markets Rally Is About to Be Tested
  Yahoo/Bloomberg
• California Braces for More Blackouts as Heat Wave Scorches West
  WSJ
• China and Russia ditch dollar in move towards ‘financial alliance’
  FT

General

• A flood of job losses looms as airline industry struggles in pandemic
  CNBC
• China must guard against rebound in shadow lending: regulator
  Reuters
• Forty percent of U.S. Covid-19 tests come back too late to be clinically meaningful, data show
  CNBC
• Stocks Ignore Stimulus Rift, Sowing Worries on Wall Street
  Bloomberg
• Oil Companies Wonder If It’s Worth Looking for Oil Anymore
  Bloomberg