Daily News Links

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Thursday, October 15, 2020

Evening

• Stock futures flat after market suffers 3 straight days of losses
  CNBC
• New coronavirus infections rise to record highs in U.S. Midwest and beyond
  Reuters
• California Braces for Another Day of Heat, Wind and WildFire
  Yahoo/Bloomberg
• Why Covid-19 Is Spreading Again: Fatigue, Colder Weather, Eased Restrictions
  WSJ
• Argentina, Running Low on Dollars, Faces Fresh Economic Turmoil
  WSJ
• Covid-19 cases hit records in US election battleground states
  FT

Afternoon

• Stocks fall for a third straight day amid stimulus uncertainty
  CNBC
• Trump calls for big COVID-19 stimulus but McConnell disagrees
  Reuters
• Persistently high U.S. weekly jobless claims point to labor market scarring
  Reuters
• Across U.S. electoral battlegrounds, recovery may be ebbing as virus flows
  Reuters
• Europe, US reel as virus infections surge at record pace
  AP
• Coronavirus live updates: Fauci calls herd immunity ‘dangerous’; NJ to use targeted approach to hot spots
  CNBC
• France's new COVID-19 cases set new 24-hour record, above 30,000
  Reuters
• Spain adds 13,300 COVID infections, Catalonia to shut bars, eateries
  Reuters
• California Faces Weeks of Hot, Dry, Wildfire-Prone Weather
  Yahoo/Bloomberg
• Fed’s Quarles Disappointed by Short-Term Lending Strains in March
  WSJ
• Firms Like Dow Bet Billions on Plastics. Now There’s a Glut.
  WSJ

General

• Stocks Sink on Despair Over Stimulus, Virus Curbs: Markets Wrap
  Yahoo/Bloomberg
• Europe tumbles 2% on COVID curbs and Brexit impasse
  Reuters
• Oil slides as new lockdown measures threaten demand recovery
  Reuters
• Jobless claims jump, hitting highest level since mid-August
  CNBC
• Stimulus Doomed by Diverging Goals of Trump, Pelosi, McConnell
  Yahoo/Bloomberg
• Europe reels as it sets virus records, slaps on new rules
  AP
• Coronavirus live updates: WHO cautions against full lockdowns, Oxford scientists develop 5-minute antigen test
  CNBC
• Mortgage Credit for Some Americans Drying Up Amid Supply Deluge
  Yahoo/Bloomberg
• China's factory-gate prices fall at faster pace, consumer prices rise more slowly
  Reuters
• What does China's September loan data mean for the economy and the yuan?
  SCMP
• IMF Joins Powell and Lagarde Urging Governments to Keep Spending
  Yahoo/Bloomberg
• Markets Without Havens Are Becoming All Too Real
  Yahoo/Bloomberg
• Banks Brace for ‘Big Bang’ Switch on $80 Trillion Worth of Swaps
  Yahoo/Bloomberg
• ‘Nightmare’ U.S. stock valuations driven by ‘young, dumb’ investors, fund manager says
  CNBC
• China says U.S. undermines Taiwan Strait's stability
  Reuters
• Value fund manager AJO to wind down business after losses
  Reuters
• The Treasury Market May Be So Big That the Fed Can’t Step Away
  Bloomberg
• College Enrollment Slid This Fall, With First-Year Populations Down 16%
  WSJ
• China’s Households Are Shouldering the Burden of Its Recovery
  WSJ
• Will America tear itself apart? Inside a looming constitutional crisis
  FT
• From peak city to ghost town: the urban centres hit hardest by Covid-19
  FT
• Raghuram Rajan: ‘Society has to find a new equilibrium’
  FT

Wednesday, October 14, 2020

Evening

• Stock futures are flat as Wall Street tries to recover from 2-day slide
  CNBC
• World stocks sag on pandemic surge, gold gains on safety bid
  Reuters
• Stimulus Chances Dying as Mnuchin Cites Closeness of Election
  Yahoo/Bloomberg
• Exclusive: Trump administration to consider adding China's Ant Group to trade blacklist - sources
  Reuters
• Big U.S. banks offer muddled outlook on how bad coronavirus losses might get
  Reuters
• Coronavirus live updates: France declares public health emergency; congressional relief deal remains elusive
  CNBC
• Paris Under Curfew: Europe Reacts As Countries See Highest-Ever Coronavirus Numbers
  NPR
• No time for conviviality: France imposes curfews to beat back coronavirus
  Reuters
• U.S. State Department issues sanctions warning to banks over Hong Kong crackdown
  Reuters
• Shaky U.S. Hospitals Risk Bankruptcy in Latest Covid Wave
  Yahoo/Bloomberg
• U.S. Oil Production Has Already Passed Its Peak, Occidental Says
  Yahoo/Bloomberg
• G-20 suspends poor nations’ debt payments for 6 more months
  AP
• Bank Earnings Show Diverging Fortunes on Wall Street and Main Street
  NYT
• Value fund manager AJO to shut down after losses
  FT

Afternoon

• Stocks close lower for a second day amid coronavirus aid uncertainty, Dow drops more than 160 points
  CNBC
• Mnuchin Casts Fresh Doubt On Comprehensive Stimulus Deal Before Election
  Forbes
• Pelosi, Mnuchin had productive talks on coronavirus relief, spokesman says
  Reuters
• Coronavirus live updates: Another wave of retail closures looms, Walmart breaks up Black Friday events
  CNBC
• 'On brink of disaster': shaken Europe overtakes U.S. in virus surge
  Reuters
• Pelosi, Mnuchin Disagree on Coronavirus Testing, Continue Stimulus Talks
  WSJ

General

• Shares steady with U.S. bank earnings in sight
  Reuters
• Stock futures are flat as traders monitor earnings, stimulus talks
  CNBC
• Oil under pressure as coronavirus spike stokes demand concerns
  Reuters
• U.S. producer prices accelerate in September
  Reuters
• Mortgage rates set yet another record low, but applications fall
  CNBC
• After two lost decades, U.S.'s weakest local economies may face worse from pandemic
  Reuters
• China Sept bank lending tops forecast, corporate loans jump
  Reuters
• IMF sees debt soaring but stabilizing at 100% of GDP--if pandemic eases, growth resumes
  Reuters
• BofA misses revenue estimates on lower interest rates
  Reuters
• Goldman Posts Wall Street’s Biggest Bond-Trading Jump So Far
  Yahoo/Bloomberg
• Coronavirus live updates: Germany’s economic forecast downgraded; return to optional health care slower than expected
  CNBC
• Evergrande Investor Leans Toward Seeking $3.4 Billion Repayment
  Yahoo/Bloomberg
• Inflation Risks Start to Hit Pockets of Global Bond Market
  Yahoo/Bloomberg
• Countries Start Hoarding Food as Prices Rise and Covid Worsens
  Yahoo/Bloomberg
• Nagorno-Karabakh tensions rise sharply, Azerbaijan warns over pipelines
  Reuters
• China’s Credit Growth Stayed Robust in September on Recovery
  Bloomberg
• Evergrande Tumbles After Share Placement Misses Target
  Bloomberg
• The other election: South Carolina and the battle for the US Senate
  FT

Evening

• U.S. stock futures rise slightly after major averages snap four-day winning streak
  CNBC
• Asian equities set to slip as vaccine trials, stimulus talks stall
  Reuters
• McConnell says U.S. Senate will vote on target COVID relief bill
  Reuters
• Coronavirus live updates: Antibody treatment trial paused; McConnell pushes narrow stimulus deal
  CNBC
• States See $31 Billion of Taxes Disappear Due to Covid Recession
  Yahoo/Bloomberg
• Race for Virus Cure Hits Reality as Clinic Complications Mount
  Bloomberg
• Evergrande’s Race for Cash Hits Snag With Reduced Share Sale
  Bloomberg
• Riled Up: Misinformation Stokes Calls for Violence on Election Day
  NYT
• JPMorgan, Citigroup Signal That Economy Isn’t Out of the Woods
  WSJ
• China braced for lose-lose scenario as US election fuels unease
  FT
• Evergrande highlights risks in China’s offshore bond market
  FT

Tuesday, October 13, 2020

Afternoon

• Stocks Drop With Stimulus on Hold as Banks Slump: Markets Wrap
  Yahoo/Bloomberg
• McConnell promises U.S. Senate vote on stripped-down coronavirus relief package
  Reuters
• U.S. pauses Eli Lilly’s trial of a coronavirus antibody treatment over safety concerns
  CNBC
• J&J says review of illness that led to pause of coronavirus vaccine trial could take days
  Reuters
• Financial system stable 'for now,' but vulnerabilities rising: IMF
  Reuters
• Bankruptcies pile up in North America energy sector in third quarter: Haynes and Boone
  Reuters
• Stock lenders wince as hedge funds lose their shorts
  Reuters
• Joe Biden Keeps Everyone Guessing On Wall Street Regulation
  WSJ

General

• Stocks Edge Lower as Earnings Roll In; Bonds Gain: Markets Wrap
  Yahoo/Bloomberg
• Shares struggle as coronavirus overshadows China data
  Reuters
• U.S. consumer prices slow in September
  Reuters
• U.S. small business confidence at highest since February
  Reuters
• Citigroup quarterly profit tumbles on low interest rates, loan demand
  Reuters
• JPMorgan beats analysts’ profit estimates as the bank sets aside less for loan losses
  CNBC
• Coronavirus live updates: J&J CFO says vaccine trial pause should reassure the public; Fauci warns ‘we’re in a bad place’
  CNBC
• Investors Turn Skeptical of U.S. Democrat ‘Blue Wave’ Victory
  Yahoo/Bloomberg
• BofA Survey Shows Investors Braced for Contested U.S. Election
  Yahoo/Bloomberg
• San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
  Yahoo/Bloomberg
• China Bolsters Its Dominance of Global Trade
  Yahoo/Bloomberg
• China says exports and imports hit record highs in September
  CNBC
• China auto sales jump in 'Golden September' as shoppers return to showrooms
  Reuters
• Europe eyes new restrictions as virus cases hit record high
  AP
• Emerging currencies set for biggest underperformance in more than a decade
  Reuters
• J&J Halts Covid-19 Vaccine Trial Due to Unexplained Illness
  Bloomberg
• Renters Flock to Suburbia, Upending Decadelong Urbanization Trend
  WSJ
• Global ETF inflows surge 40% amid ‘tectonic shift’
  FT
• Shale binge has spoiled US reserves, top investor warns
  FT
• US tech derivatives trading soars as it did last summer
  FT
• Pandemic will cause ‘lasting damage’ to living standards, IMF warns
  FT
• BlackRock assets climb to record $7.8tn in third quarter
  FT

Monday, October 12, 2020

Evening

• Johnson & Johnson COVID-19 Vaccine Study Paused Due To Unexplained Illness In Participant - Stat
  Reuters
• Stock futures fall as investors await earnings season kickoff
  CNBC
• Asia Stocks to Track U.S. Higher; Yuan Steadies: Markets Wrap
  Yahoo/Bloomberg
• Apple and Amazon drive rally on Wall Street
  Reuters
• Oil prices fall 3% as U.S., Libyan, Norwegian supplies resume
  Reuters
• Coronavirus live updates: Flu vaccine demand surges; Carnival cancels November cruises
  CNBC
• Japan manufacturers struggle to shake gloom in October: Reuters Tankan
  Reuters
• Johnson shuts pubs in parts of England with new COVID-19 curbs
  Reuters
• Dalio Says ‘Time Is on China’s Side’ in Power Struggle With U.S.
  Yahoo/Bloomberg
• White House moves forward on three arms sales to Taiwan: sources
  Reuters
• First confirmed US coronavirus reinfection worries health experts
  FT

Afternoon

• Tech stocks extend Wall Street rally on stimulus hopes
  Reuters
• Oil Falls Most in a Week With Supply Disruptions Subsiding
  Yahoo/Bloomberg
• Stimulus Talks Remain Deadlocked as House Told No Votes Expected
  Yahoo/Bloomberg
• Trade, biofuels and the environment: key agriculture issues in U.S. election
  Reuters
• Whale’s Resurfacing Shows Options Market a Source of Turbulence
  Yahoo/Bloomberg
• All the Ways Wall Street’s Telling Clients to Trade the Election
  Yahoo/Bloomberg
• Bag Santa and the elves? A holiday hiring slump takes shape
  Reuters
• ECB Pushes Governments to Keep Up Fiscal Support for Economy
  Yahoo/Bloomberg
• Hedge Funds, China Should Give More Debt Relief, World Bank Says
  Yahoo/Bloomberg
• Climate change poses 'profound threat' to global growth, IMF chief says
  Reuters
• Greek-Turkish tensions rise in crisis over eastern Mediterranean
  Reuters

General

• Stimulus bets prop up S&P, Nasdaq futures
  Reuters
• Stocks boosted by stimulus hopes and China's post-holiday surge
  Reuters
• Yuan set for biggest daily fall since March; dollar index edges up
  Reuters
• Oil prices extend losses as U.S. producers restore output post-hurricane
  Reuters
• Senate Republicans will go with Trump on coronavirus stimulus: White House spokeswoman
  Reuters
• Trump’s Bid to Spark Stimulus Talks Fails to Break Stalemate
  Yahoo/Bloomberg
• Goldman Sachs bets against the dollar on ‘blue wave’ prospects and vaccine outlook
  CNBC
• Coronavirus live updates: UK to reimpose controversial lockdowns; U.S. doctors flee to New Zealand
  CNBC
• China Acts to Slow Yuan’s Rapid Ascent Without Causing Panic
  Yahoo/Bloomberg
• 2 Stanford economists win Nobel prize for auction theory
  AP
• Investment strategy based on reducing risk faces its own challenge
  Reuters
• Evergrande’s Top Creditors Are Reducing Loan, Bond Exposure
  Yahoo/Bloomberg
• Be prepared: A return to normal is still a long way away, warns banking billionaire Jamie Dimon
  MarketWatch
• Kuroda says BOJ ready to ease more, has tools to cushion pandemic pain
  Reuters
• Turkey’s Credit Boom Seen at Risk of Backfiring Into Bad Loans
  Bloomberg

Sunday, October 11, 2020

Evening

• U.S. stock futures mostly flat as stimulus negotiations continue
  CNBC
• Yuan Drops on China Rule Change; Dollar Ticks Up: Markets Wrap
  Yahoo/Bloomberg
• White House seeks limited coronavirus relief bill, promises further talks on broader stimulus
  Reuters
• EU planning tougher regulation for 'hit list' of big tech firms: FT
  Reuters

General

• Wall Street Week Ahead: U.S. earnings improvement expected, but still a weak quarter
  Reuters
• Earnings season starts with big banks: What to know in the week ahead
  Yahoo Finance
• The Next Big Shift in Economics Takes Shape Under Covid Shadow
  Yahoo/Bloomberg
• In hurricane-ravaged Louisiana, residents dig out, again
  AP
• Britain is at a coronavirus tipping point, says deputy chief medical officer
  Reuters
• Lawmakers of Both Parties Balk at Trump Administration’s Latest Stimulus Offer
  FT
• Fed’s Powell is chief cheerleader for fiscal stimulus
  FT

Saturday, October 10, 2020

General

• Democrats and Republicans dismiss Trump’s coronavirus stimulus offer, dimming hopes for a deal
  CNBC
• Trump’s Hurdles to Stimulus Climb After Abrupt Tactical Shift
  Yahoo/Bloomberg
• U.S. COVID-19 cases hit two-month high, 10 states report record increases
  Reuters
• Tight race between Joni Ernst and Theresa Greenfield in Iowa could determine balance of power in the Senate
  CNBC
• How Big Tech became such a big target on Capitol Hill
  CNBC
• Delta adds insult to injury in hurricane-ravaged Louisiana
  AP
• PBOC Dials Back on Tool to Control Yuan as Currency Rallies
  Yahoo/Bloomberg
• Lesson not learned: Europe unprepared as 2nd virus wave hits
  AP
• Taiwan president calls for 'meaningful dialogue' with China
  Reuters
• Europe’s Economic Recovery Is a Summer Memory
  NYT

Friday, October 9, 2020

Afternoon

• S&P 500, Dow track second straight weekly gain on stimulus optimism
  Reuters
• White House preparing $1.8 trillion coronavirus relief offer: Wall Street Journal
  Reuters
• Trump raises coronavirus stimulus offer to $1.8 trillion, about $400 billion less than Dems’ bill
  CNBC
• U.S. COVID-19 aid talks go on but Republican leader says deal unlikely before election
  Reuters
• Coronavirus live updates: White House raises relief package; pandemic fuels U.S. teacher shortages
  CNBC
• Enrollment drops worry public schools as pandemic persists
  AP
• Analysis: Investors' bets on a Democratic sweep grow after Biden debate performance
  Reuters
• White House Preparing New $1.8 Trillion Stimulus Proposal
  WSJ

General

• U.S. Stocks Rise as Stimulus Talks Weighed: Markets Wrap
  Yahoo/Bloomberg
• Stocks surge as hopes grow for U.S. stimulus
  Reuters
• Dollar falls as likelihood of a Biden victory grows; yuan gains
  Reuter
• White House Open to Bigger Stimulus Bill as Mnuchin, Pelosi Talk
  Yahoo/Bloomberg
• COVID-19 relief pushes U.S. budget deficit to a record $3.1T
  AP
• Coronavirus live updates: Russia, Ukraine and Poland report record new cases; Trump eyes a return to rallies
  CNBC
• Biden Poll Lead Dents Case for Costly Election Volatility Trades
  Yahoo/Bloomberg
• Delta Targets Louisiana With Category 3 Winds: Hurricane Update
  Yahoo/Bloomberg
• Central banks are weighing their own digital currencies – this is what they could look like
  CNBC
• China's services sector recovery gathers pace in Sept - Caixin PMI
  Reuters
• U.S. Budget Gap Tripled in Fiscal 2020 as Government Battled Pandemic
  WSJ
• Covid Is Crushing Small Businesses. That’s Bad News for American Innovation.
  WSJ
• Chinese Exports to the U.S. Get a Lifeline From Coronavirus-Related Demand
  WSJ
• Investors say recent bond market sell-off may be just the start
  FT
• Renminbi jumps by most in more than 4 years as China returns to work
  FT

Evening

• Asian markets to inch up as U.S. stimulus talks restart
  Reuters
• Pelosi, Mnuchin search for common ground as U.S. COVID-19 talks resume
  Reuters
• Fed's Kaplan rejects adding to QE, eyes eventual taper
  Reuters
• The US debt is now projected to be larger than the US economy
  CNN
• Japan's household spending falls 6.9% year/year in August
  Reuters