Daily News Links

8605 posts

Saturday, August 8, 2020

General

• Trump signing orders aimed at extending some pandemic relief after Congress fails to reach a deal
  CNBC
• Trump vows to suspend U.S. payroll tax after coronavirus aid talks with Congress break down
  Reuters
• How politics, personalities and price tags derailed Covid relief talks
  Politico
• Schools face big virus test as students return to classroom
  AP
• The latest on the coronavirus pandemic
  CNN
• Coronavirus punishes Warren Buffett, as Berkshire Hathaway takes big writedown
  Reuters
• Police fire tear gas at Beirut protesters angry over explosion
  Reuters
• Trump Prepares Executive Actions as Coronavirus-Aid Talks Stall
  WSJ
• New Chapter in U.S.-China Ties Marked by Confrontation
  WSJ
• Hong Kong and China hit back at US sanctions
  FT
• Central bankers are caught in a leverage trap
  FT
• Global threats are reordering supply chains, says report
  FT

Friday, August 7, 2020

Evening

• Slowing job growth, stimulus worries weigh on Nasdaq
  Reuters
• Dollar climbs after jobs data but logs seventh straight weekly fall
  Reuters
• U.S.-listed Chinese stocks fall as Trump takes aim at WeChat, TikTok
  Reuters
• Last-ditch virus aid talks collapse; no new help for jobless
  AP
• Coronavirus stimulus talks fall apart in ‘disappointing’ meeting between Democrats, White House
  CNBC
• AP Explains: 5 key takeaways from the July jobs report
  AP
• Mnuchin Says Trump to Take Executive Action After Talks Stall
  Bloomberg
• Trump’s Attacks on China Reach New Peak of ‘Pent-Up’ Grievances
  Bloomberg
• Slowing U.S. job growth, rising COVID-19 raise doubts on the recovery's strength
  Reuters
• Coronavirus live updates: Washington can’t reach a stimulus deal; New York green lights fall school reopening
  CNBC
• WeChat ban sends shockwaves through global tech stocks
  CNN
• Lebanon: a nation brought to its knees
  FT

General

• Wall Street dips on slowing job growth, U.S.-China tensions
  Reuters
• Global equities snap four-day rally on U.S.-China frictions; dollar firm
  Reuters
• Payrolls increase by nearly 1.8 million, topping expectations despite coronavirus resurgence
  CNBC
• Virus aid talks on brink of collapse; sides ‘very far apart’
  AP
• Trump bans dealings with Chinese owners of TikTok, WeChat
  AP
• Congressional Democrats, White House see little progress in coronavirus relief talks
  AP
• U.S. sanctions Hong Kong leader Carrie Lam for carrying out Chinese ‘policies of suppression’
  CNBC
• Coronavirus updates: Russia offers Philippines potential vaccine; key model predicts 300,000 U.S. deaths
  CNBC
• China July trade surplus with U.S. at $32.46 billion
  Reuters
• Turkey Abandons Credit Push to Avoid Rate Hike as Lira Tanks
  Yahoo/Bloomberg
• Turkey’s Perilous Game With Markets Reaches a Crossroads
  Yahoo/Bloomberg
• Brazil's biggest lenders delay $44 billion in loan for consumers, companies
  Reuters
• Markets Brace for U.S. Election Volatility. Well, Some of Them
  Yahoo/Bloomberg
• Trump Widens China Tech Attack, Ordering Bans on Tencent, TikTok
  Bloomberg
• Gold Set for Best Weekly Run Since 2006 After Rally to Record
  Bloomberg
• White House Seeks Crackdown on U.S.-Listed Chinese Firms
  WSJ
• Auto-Lending Binge Threatens to Unwind When Stimulus Measures Ease
  WSJ
• Fed policy could leave retirees broke after crisis
  FT
• Why is Silicon Valley so chilled about the cold war with China?
  FT

Thursday, August 6, 2020

Evening

• Gold accelerates higher on fragile economic recovery hopes
  Reuters
• Wall Street gains as markets look to aid package, Nasdaq closes above 11,000
  Reuters
• Trump, McConnell huddle; virus aid talks at risk of collapse
  AP
• McConnell and Pelosi expect a coronavirus relief deal — but huge differences remain
  CNBC
• Trump to reimpose aluminum tariffs on Canada
  The Hill
• Coronavirus live updates: Lawmakers believe relief bill can get done; college students face new campus reality
  CNBC
• More signs point to U.S. economic recovery losing momentum
  Reuters
• ‘Worst nightmare’: Laid-off workers endure loss of $600 aid
  AP
• Trump attacks China over virus as U.S. health secretary heads to Taiwan
  Reuters
• In call with Chinese counterpart, Pentagon chief expresses concern about Beijing's activity in South China Sea
  Reuters
• U.S. Household Debt Falls for First Time in 6 Years
  Bloomberg
• Amazon and Tesla Take Off as Small Investors Embrace Fractional-Share Trading
  WSJ

General

• Stocks slip as investors wait for U.S. stimulus
  Reuters
• Gold scales record peak as gloomy economic outlook bolsters appeal
  Reuters
• Turkey’s Lira Hits Record Low as Interventions Fail to Stem Drop
  Yahoo/Bloomberg
• Trump to sign executive order requiring U.S. to buy ‘essential’ drugs from American companies
  CNBC
• U.S. weekly jobless claims total 1.186 million, lowest level of the coronavirus pandemic
  CNBC
• White House, congressional Democrats harden stances on coronavirus relief
  Reuters
• White House threatens executive action if it fails to reach coronavirus relief deal with Democrats
  CNBC
• Coronavirus updates: Fauci says politics won’t influence vaccine approval; AstraZeneca strikes production deal
  CNBC
• Job cuts announced by U.S. companies jump 54% in July: report
  Reuters
• U.S. steps up campaign to purge 'untrusted' Chinese apps
  Reuters
• China threatens countermeasures as Taiwan prepares for U.S. visit
  Reuters
• Gold Will Beat U.S. Stocks in Turbulent Market, Strategists Say
  Yahoo/Bloomberg
• Factbox: Coronavirus in U.S. Congress: 15 members have tested or been presumed positive
  Reuters
• Banks Empowered to Revamp India Loans With Bad Debt Surging
  Yahoo/Bloomberg
• Trump Tests China’s Red Line on Taiwan Using Beijing’s Playbook
  Bloomberg
• The Robinhood Craze Is Now Moving Stocks Everywhere
  Bloomberg
• More Farmers Declare Bankruptcy Despite Record Levels of Federal Aid
  WSJ
• Beirut Explosion Brings Lebanon to the Brink
  WSJ
• Tett: Pandemic aid is exacerbating US inequality
  FT
• Huge US bond issuance may compel Fed to alter purchase plans
  FT
• Why banks’ declining reserves matter for the dollar
  FT
• China crackdown on shadow banking sector prompts warning
  FT
• Protesting Putin: Kremlin faces revolt in the regions
  FT

Wednesday, August 5, 2020

Evening

• Gold strides further above $2,000/oz, dollar weakens
  Reuters
• S&P 500 closes higher for a fourth day, now just 2% from its February record as Disney rallies
  CNBC
• Stunned by gold's record rise? There's more to come, analysts say
  Reuters
• White House appears to make concessions on unemployment benefit offer in coronavirus relief talks
  CNBC
• Trump administration wants to see ‘untrusted’ Chinese apps like TikTok and WeChat removed from U.S. app stores, Pompeo says
  CNBC
• Fed policymakers say pickup in infections slowing U.S. economic recovery
  Reuters
• Fed's Kaplan: Resurgence of virus is muting economic recovery, more aid needed
  Reuters
• Gone for good? Evidence signals many jobs aren’t coming back
  AP
• U.S. Borrowing Breaks Fresh Records, Shifting Focus to Fed
  Yahoo/Bloomberg
• Biggest U.S. Banks Have More Than $150 Billion of Deferred Loans
  Yahoo/Bloomberg
• Hedge Funds Embrace Relentless Stock Rally as Clients Grow Wary
  Yahoo/Bloomberg
• Muni Yields Hit Lowest Since 1952 as Fiscal Crisis Tests a Haven
  Yahoo/Bloomberg
• Pompeo Urges Cutting Ties With Chinese Tech Companies, Apps
  Bloomberg
• Gold keeps its shine as investors shun dollar
  FT

Afternoon

• Gold strides further above $2,000, dollar weakens
  Reuters
• Wall St. gains on Disney's surprise profit, fiscal aid hopes
  Reuters
• Oil prices hit five-month high as U.S. crude stocks fall sharply
  Reuters
• U.S. job market recovery appears to be slowing, services sector powering ahead
  Reuters
• Fed's Clarida says economy could reach pre-pandemic levels by end of 2021
  Reuters
• U.S. Borrowing Breaks Fresh Records, Shifting Focus to Fed
  Bloomberg
• Lira sinks after money market dysfunction rattles investors
  FT

General

• Gold shines on falling dollar, yields; pandemic cost concerns drag on shares
  Reuters
• U.S. Stocks Climb With European Stocks and Gold: Markets Wrap
  Yahoo/Bloomberg
• Asia Pacific stocks mixed as uncertainty over U.S. coronavirus relief measures lingers
  CNBC
• As dollar slides, some investors fret about its status as world's reserve currency
  Reuters
• Private payroll growth slows sharply in July amid spike in virus
  CNBC
• US trade deficit drops in June on record rise in exports
  AP
• Mortgage rates set another record low, but borrowers take a step back
  CNBC
• Coronavirus updates: Global deaths surpass 700,000; CVS fills fewer prescriptions but weathers the quarter
  CNBC
• Millions of Americans will struggle to pay their bills by end of August without the extra $600 unemployment insurance
  CNBC
• Global Banks Failed to Close Lira Trades as Funding Dried Up
  Yahoo/Bloomberg
• China's services sector expands at slower pace in July: Caixin PMI
  Reuters
• PBOC’s Attempt to Exit Crisis Mode Faces a $500 Billion Test
  Yahoo/Bloomberg
• China pursues economic self-reliance as external risks grow: advisers
  Reuters
• U.S. health chief to visit Taiwan, likely angering China
  Reuters
• Taiwan is in a ‘delicate’ situation with China as military drills intensify, experts warn
  CNBC
• Australia fears contagion as Victoria state reports record coronavirus deaths
  Reuters
• U.S. Treasury Plans a Record $112 Billion Quarterly Debt Sale
  Bloomberg
• Highest-Level U.S. Trip to Taiwan in Decades to Challenge China
  Bloomberg
• U.S. Treasury Expects Borrowing Needs to Remain Elevated Amid Coronavirus Spending
  WSJ
• US-China tensions feed into the geopolitics of monetary policy
  FT
• Pandemic revives Gulf fears over food security
  FT

Tuesday, August 4, 2020

Evening

• Gold soars past $2,000, gold up on stimulus plan
  Reuters
• Wall St. ends higher as investors eye stimulus
  Reuters
• Treasuries - Dim view of U.S. recovery pushes 5-year yield to record low
  Reuters
• Democrats report coronavirus relief progress as McConnell says he is prepared to support a deal
  CNBC
• McConnell says will support any coronavirus aid deal worked out by White House and Democrats
  Reuters
• China, U.S. to hold 'high-level' trade talks on August 15: WSJ
  Reuters
• Coronavirus live updates: California cases undercounted due to reporting glitch; NYC health commissioner quits
  CNBC
• Interest Rates Are Low, but Loans Are Harder to Get. Here’s Why.
  NYT
• The Pandemic Is a Dress Rehearsal
  WSJ
• Argentina Debt Deal Illustrates Coronavirus Pandemic’s Blow to Emerging Markets
  WSJ

Afternoon

• Gold Hits $2,000 For the First Time In History As Dollar Extends Declines
  Yahoo/TheStreet.com
• U.S. Stocks Fluctuate Amid Doubts on Stimulus Bill: Markets Wrap
  Bloomberg
• Turkish lira strain shows as London overnight rates soar
  Reuters
• Congress, White House struggle to break coronavirus aid stalemate as economic pain spreads
  CNBC
• Motor vehicles power U.S. factory orders in June
  Reuters
• Deadly explosion rocks Beirut, causing widespread damage
  AP
• Gold rises and Treasury yields fall on investor nervousness
  FT

General

• Wall St. dips as U.S.-China tensions heat up over TikTok
  Reuters
• World shares hit five-month high; mixed earnings knock European shares
  Reuters
• ‘A line in the sand’: Both sides dig in on virus relief bill
  AP
• Chinese state media slams U.S. as a ‘rogue country’ for its planned ‘smash and grab’ of TikTok
  CNBC
• Home prices see strong June bounce, but economists warn it likely won’t last
  CNBC
• White House adviser Navarro suggests Microsoft divest China holdings
  Reuters
• Coronavirus live updates: Regeneron reports positive results for antibody drug; WHO explores virus origin in China
  CNBC
• Local governments ‘overwhelmed’ in race to trace U.S. COVID contacts
  Reuters
• Wave of evictions expected as moratoriums end in many states
  AP
• U.N. chief warns world facing 'generational catastrophe' on education
  Reuters
• China to retaliate if U.S. forces out Chinese journalists: Global Times editor
  Reuters
• Turkish annual July inflation dips below 12%, lira firms
  Reuters
• Xiao Jianhua’s Tomorrow Group duped Baoshang Bank out of US$22 billion in loans, triggering Chinese lender’s collapse, PBOC says
  SCMP
• Turkish Stocks Slump to Lowest Since May on Lira Concerns
  Bloomberg
• ‘Too Big to Fail’ Is the New Mantra for Bulls in Stock Market
  Bloomberg
• The Fed’s Stocks Policy Is Exuberantly Asymmetric
  Bloomberg
• Riskiest U.S. Junk Bonds Exit Distress, Back to Pre-Covid Levels
  Bloomberg
• Beleaguered Public Pension Funds Make Record Gains in Second Quarter
  WSJ
• Argentina Nears $65 Billion Restructuring Deal With Bondholders
  WSJ
• Virus resurgence could plunge emerging economies into debt crisis, warns IMF
  FT

Evening

• Asia shares set to gain after manufacturing data, tech stocks boost
  Reuters
• Dollar falters as investors await U.S. stimulus deal
  Reuters
• Nasdaq hits record high close as traders eye M&A and stimulus
  Reuters
• Democrats and Trump officials leave ‘productive’ meeting, but still don’t have a coronavirus relief deal
  CNBC
• Coronavirus live updates: California governor reports ‘early good signs’ as cases trend downward
  CNBC
• Trump says China or Microsoft should pay U.S. a share of any TikTok sale proceeds
  Reuters
• Fed policymakers call for fiscal support to save U.S. economy
  Reuters
• Hedge Fund Boosts Cash on Growing Risk of U.S.-China Armed Clash
  Bloomberg

Monday, August 3, 2020

Afternoon

• Microsoft, Apple lift Wall St. as investors await stimulus
  Reuters
• Coronavirus relief talks restart as jobless aid divides GOP and Democrats
  CNBC
• U.S. manufacturing activity near 1-1/2-year high, factory job losses persist
  Reuters
• Construction spending falls to one-year low in June
  Reuters
• Fed's Bullard: Recovery looks to have slowed in July, no smooth track ahead
  Reuters
• Coronavirus live updates: Eli Lilly begins late-stage trials; outbreaks in Florida, California on the decline
  CNBC
• Covid Supercharges Federal Reserve as Backup Lender to the World
  WSJ
• Microsoft’s Talks to Buy TikTok’s U.S. Operations Raise Ire in China
  WSJ

General

• U.S. Stocks Climb With Europe Stocks; Bonds Drop: Markets Wrap
  Yahoo/Bloomberg
• Summer mood swings: markets turn higher on hopes of virus aid
  Reuters
• Dollar rallies after weakest month in a decade
  Reuters
• Fed Is Headed for a Clash With Hedge Funds, Other Shadow Banks
  Yahoo/Bloomberg
• Coronavirus live updates: Eli Lilly begins late-stage trials for antibody drug; Russia plans mass vaccination
  CNBC
• China factory activity expands at fastest pace in nearly a decade: Caixin PMI
  Reuters
• Asia's factory pain eases as China's activity jumps
  Reuters
• Dollar’s Slide Is a Warning That U.S. Has Lost Grip on Virus
  Bloomberg
• Erdogan gambles on fast recovery as Turkey burns through reserves
  FT
• Coronavirus Cases Rise in Europe as Youth Hit Beaches and Bars
  WSJ

Evening

• Gold Surges to Record as Week Opens With Spot Price Near $2,000
  Yahoo/Bloomberg
• Asia stocks off to cautious start, dollar nurses scars
  Reuters
• U.S. stock futures flat as earnings season, stimulus talks continue
  CNBC
• Dollar on defensive as U.S. recovery story in doubt
  Reuters
• Oil edges lower on oversupply concerns as OPEC+ set to raise output
  Reuters
• White House says not optimistic on near-term deal for coronavirus relief bill
  Reuters
• Dr. Birx warns U.S. in new phase of coronavirus pandemic with ‘extraordinarily widespread’ cases
  CNBC
• Fed's Kashkari suggests 4-6 week shutdown; says U.S. Congress can spend big on coronavirus relief
  Reuters
• Lord & Taylor, Oldest U.S. Department Store, Goes Bankrupt
  Yahoo/Bloomberg
• Emerging-Market Rebound Hangs in Balance as Economies Struggle
  Yahoo/Bloomberg

Sunday, August 2, 2020

General

• Congressional Democrats, White House still at impasse over coronavirus bill
  Reuters
• Retail rents plummet across New York City, as America’s glitzy shopping districts turn into ghost towns
  CNBC
• As school begins amid virus, parents see few good options
  AP
• Debate begins for who’s first in line for COVID-19 vaccine
  AP
• Treasury Market Fired Up to Vault Over Biggest Supply Hurdle Yet
  Bloomberg
• Fed Weighs Abandoning Pre-Emptive Rate Moves to Curb Inflation
  WSJ
• US junk bonds notch up best month since 2011
  FT