Daily News Links

8396 posts

Thursday, April 9, 2020

Afternoon

• Wall Street rises on latest Fed rescue program
  Reuters
• Oil drops 9%, giving back early double-digit gain as traders await OPEC cut details
  CNBC
• Gold hits 1-month peak fuelled by Fed's new stimulus measures
  Reuters
• Fed balance sheet increases to record $6.13 trillion
  Reuters
• Fed Is Seizing Control of the Entire U.S. Bond Market
  Yahoo/Bloomberg
• Record 16.8 million have sought US jobless aid since virus
  AP
• Mnuchin says U.S. economy could open in May, defying experts
  Reuters
• Fed rolls out $2.3 trillion to backstop 'Main Street,' local governments
  Reuters
• Coronavirus Crisis Legacy: Mountains of Debt
  WSJ

General

• Wall Street jumps after Fed's massive stimulus, jobless claims data
  Reuters
• Oil jumps 12% amid report Saudi Arabia and Russia have reached a deal, cut could reach 20 million barrels per day
  CNBC
• Global stocks gain on hopes pandemic is nearing peak
  Reuters
• Federal Reserve unveils details of $2.3 trillion in programs to help support the economy
  CNBC
• US weekly jobless claims total 6.6 million, vs 5 million expected
  CNBC
• Democrats, Republicans at odds over next coronavirus aid
  Reuters
• Coronavirus live updates: Gottlieb says US won’t be able to make enough treatment to meet demand
  CNBC
• Virus casts a dark cloud over once-thriving home market
  AP
• PM Johnson 'getting better' in intensive care
  Reuters
• EU risks break-up over 'coronabonds' row, warns Italian PM
  UK Guardian
• IMF chief says pandemic will unleash worst recession since Great Depression
  Reuters
• BOJ's Kuroda warns corporate funding strains worsening
  Reuters
• ECB minutes show qualms about pulling out all stops in virus fight
  Reuters
• Missed Rent Payments Cascade Across the Real Estate Industry
  Bloomberg
• Old Animosity Haunts Europe Grasping for Response to Pandemic
  Bloomberg
• Coronavirus May ‘Reactivate’ in Cured Patients, Korean CDC Says
  Bloomberg
• Fed Expands Corporate-Debt Backstops, Unveils New Programs to Aid States, Cities and Small Businesses
  WSJ
• Nearly a Third of U.S. Apartment Renters Didn’t Pay April Rent
  WSJ
• Fed to provide extra $2.3tn in loans
  FT
• Gold bugs vindicated by coronavirus rally
  FT
• Muni bond issuers and investors call for rapid relief from the Fed
  FT
• Transcript: Bill Gates speaks to the FT about the global fight against coronavirus
  FT
• The pandemic will forever transform how we live
  FT

Wednesday, April 8, 2020

Evening

• Coronavirus live updates: Global cases cross 1.5 million, 2.4 million Californians have applied for unemployment since March 12
  CNBC
• World's biggest oil producers at odds ahead of talks on major cuts
  Reuters
• Trump says would like to reopen U.S. economy with a 'big bang'
  Reuters
• Risky U.S. debt recovers from March lows on stimulus hopes
  Reuters
• U.S. GDP will contract 30% in second quarter, 5% in 2020: PIMCO
  Reuters
• Global Oil Deal in Sight After Russia Signals Readiness to Cut
  Bloomberg
• Reserve Drawdown of $105 Billion Signals Emerging Currency Risk
  Bloomberg
• IMF Works to Speed Support for Record Developing-Nation Requests
  Bloomberg
• China Developers Were in Weakened Position Even Before Virus Hit
  Bloomberg
• Rich Asians Face Billions in Losses on Popular Structured Notes
  Bloomberg
• ‘Never Seen Anything Like It’: Cars Line Up for Miles at Food Banks
  NYT
• Europe’s Big Economies Brace for Sharpest Drop Since World War II
  NYT
• State Funding Woes Are Dragging the Fed Into Muni-Market Reboot
  WSJ
• The EU’s ‘moment of truth’
  FT
• Painful lessons from the Luckin Coffee scandal
  FT

Afternoon

• Wall Street climbs on hopes of outbreak peaking, Sanders suspending White House bid
  Reuters
• Oil futures higher on production cut hopes as inventory build limits gains
  Reuters
• Coronavirus live updates: Italy’s new cases accelerate, WHO warns leaders against politicizing outbreak
  CNBC
• New York Gov. Cuomo says state won’t return to ‘normal’ as daily coronavirus deaths reach new high
  CNBC
• Pelosi and Schumer push for emergency coronavirus bill with at least $500 billion more in aid
  CNBC
• UK's Johnson 'improving' as he fights COVID-19 in intensive care
  Reuters
• Bill Gates: This is how long it may take before Americans ‘can be completely safe’ from COVID-19
  CNBC
• Coming next from the Fed: How much for Main Street?
  Reuters
• DC fights to enforce distancing and braces for looming surge
  AP
• Two Accounting Scandals in China in One Week Burn Investors
  Bloomberg
• New York Construction Freeze Is Adding to Industry’s Debt Risk
  Bloomberg

General

• Stocks edge higher as Trump suggests U.S. outbreak nearing peak
  Reuters
• Global shares mostly lower amid worries on pandemic toll
  AP
• Dollar creeps higher as virus worries return
  Reuters
• Oil prices jump on hopes for OPEC, Russia meeting on output cuts
  Reuters
• Coronavirus live updates: GM to produce 30,000 ventilators, US cases top 400,000
  CNBC
• EU ministers fail to agree coronavirus economic rescue in all-night talks
  Reuters
• Exclusive: China's central bank to step up easing, won't borrow Fed playbook - sources
  Reuters
• Spain hits 14,500 coronavirus deaths, big economic slump forecast
  Reuters
• Rice prices surge to 7-year high as coronavirus sparks stockpiling
  CNBC
• Colleges With Empty Campuses Face an Uncertain Financial Future
  Bloomberg
• Japan’s Economy in Emergency Set to Shrink 25%, Goldman Says
  Bloomberg
• Luckin May Put Lasting Stain on China Inc. Listings
  Bloomberg
• A $100 Billion REIT Rout Pulverizes Family Fortunes Across Asia
  Bloomberg
• Oil Crash Spurs 92% Loss in JPMorgan Note and Clobbers Many More
  Bloomberg
• Government and Businesses Turn Attention to Eventual Reopening of $22 Trillion U.S. Economy
  WSJ
• India’s Food Supply Chain Frays as People Stay Home
  WSJ
• Eurozone’s two biggest economies sink into historic recessions
  FT
• New York luxury towers quake as coronavirus hits property market
  FT
• Bolsonaro clashes with Brazil’s state governors over lockdown
  FT

Evening

• Asian shares poised to follow Wall Street's rocky lead
  Reuters
• A stock rally fizzles out on Wall Street; oil prices plunge
  AP
• Wall Street volatility raises fears of another selloff
  Reuters
• Coronavirus live updates: US cases top 387,000, Amazon testing disinfectant fog at New York warehouse after protests
  CNBC
• Mainland China reports 62 new confirmed cases of coronavirus
  Reuters
• China Braces for Wave of Soured Loans With New Bad-Debt Manager
  Bloomberg
• China’s Faltering Dollar Bonds Show Limits of State Intervention
  Bloomberg

Tuesday, April 7, 2020

Afternoon

• Stocks close lower after roller-coaster session, Dow gives up 900-point surge
  CNBC
• Oil drops on growing crude glut, doubts over output cuts
  Reuters
• UK PM Johnson is stable, still in intensive care: Downing Street
  Reuters
• U.S. treasury secretary to seek additional $250 billion for small business
  Reuters
• U.S. Treasury panel wants mortgage servicer liquidity support as missed payments rise: sources
  Reuters
• Coronavirus live updates: France becomes fourth country to pass 10,000 deaths
  CNBC
• ECB's Makhlouf says 'helicopter money' not the answer to coronavirus crisis
  Reuters
• Exclusive: Eyeing defaults, U.S. direct lender Colchis Capital to shut funds
  Reuters
• Illinois Faces Rising Risk of Cut to Junk Over Pandemic Hit
  Bloomberg
• Oil Companies Warn Kansas City Fed of Widespread Insolvencies
  Bloomberg
• ECB Eases Collateral Rules, Accepts Junk-Rated Greek Debt
  Bloomberg
• Sizing Up the Fed’s Historic Coronavirus Crisis Intervention
  WSJ

Evening

• Asian shares poised to climb after Wall Street rallies
  Reuters
• Coronavirus live updates: Asia stocks jump on hopes of slowing virus spread, Boris Johnson in intensive care
  CNBC
• U.S. banks grapple with system glitches, paperwork snags as small-business program ends fourth day
  Reuters
• Trump says considering second round of direct payments to Americans
  Reuters
• Japan PM Abe says fiscal spending under stimulus plan to total 39 trillion yen: Jiji
  Reuters
• S&P lowers Brazil outlook to 'stable,' but door still open to upgrade
  Reuters
• Welcome to the $1.5 Trillion Minefield of Defaulted Chinese Debt
  Bloomberg
• Federal Reserve Moves to Pump Up Small Business Lending
  NYT
• Credit Markets Show Signs of Stabilizing After Historic Fed Intervention
  WSJ
• Christine Lagarde’s $810 Billion Coronavirus U-Turn Came in Just Four Weeks
  FT

Monday, April 6, 2020

Afternoon

• Wall Street surges on hopes of slowing coronavirus deaths
  Reuters
• Gold is back above $1,700. Charts suggest an even bigger rally
  CNBC
• Oil falls after Saudi Arabia, Russia delay meeting, Cushing stockpiles soar
  Reuters
• UK PM Johnson moved to intensive care as COVID-19 symptoms worsen
  Reuters
• Fed says it will provide financing against new U.S. 'payroll protection' loans
  Reuters
• Coronavirus live updates: US deaths top 10,000, mortgage industry on brink of ‘complete chaos’
  CNBC
• Coronavirus mortgage bailout: ‘There is going to be complete chaos,’ says industry CEO
  CNBC
• Investors should prepare for a coronavirus-induced ‘vicious spiral’ more than twice as bad as the financial crisis, says J.P. Morgan
  MarketWatch
• U.S. consumers fear for jobs, debt payments due to coronavirus: NY Fed survey
  Reuters
• Florida, Nevada may be hit hardest by coronavirus economic shock: study
  Reuters
• Germany draws up plans to relax lockdown after April 19
  Reuters
• IMF Mulls Fed-Like Program to Supply Dollars to More Economies
  Bloomberg
• Jamie Dimon Sees ‘Bad Recession’ and Echoes of 2008 Crisis Ahead
  Bloomberg
• Argentina puts off payments on $10bn in local-law debt
  FT

General

• Wall Street opens higher on coronavirus slowdown hopes
  Reuters
• Gold rises, aims for highest close in nearly a month
  MarketWatch
• Oil edges down after Saudi Arabia, Russia delay meeting
  Reuters
• Trump open to big oil tariffs, but doesn't expect to need them
  Reuters
• Japan’s PM to declare state of emergency as early as Tuesday
  AP
• Virus Peril May Make April Cruelest Month for Emerging Markets
  Yahoo/Bloomberg
• Moscow and Riyadh are ‘very, very close’ to an oil deal, says Russia’s sovereign wealth fund chief
  CNBC
• Coronavirus live updates: Germany drafts plan to end lockdown, Spain’s daily death toll declines
  CNBC
• Japan's Abe unveils 'massive' coronavirus stimulus worth 20% of GDP
  Reuters
• Boris Johnson in hospital with persistent COVID-19 symptoms but still working
  Reuters
• Bailey rejects monetary financing as tool in virus crisis
  Yahoo/FT
• Emerging Currencies Under Threat From Covid-19 Face Further Declines
  Bloomberg
• The No. 1 Source of Stock Demand Is a Goner, for Years to Come
  Bloomberg
• Dollar Squeeze Worsens in Lebanon as Government Asks for Aid
  Bloomberg
• U.S. Is Nowhere Close to Reopening the Economy, Experts Say
  NYT
• European Banks Prepared for a Crisis. But Not This One.
  NYT
• Young Adults, Burdened With Debt, Are Now Facing an Economic Crisis
  NYT
• Texas Gets Double Punch From Coronavirus and Oil Shock. ‘There’s No Avoiding This One.’
  WSJ
• Homeowners Relying on Short-Term Rental Income Stung By Wave of Coronavirus Cancellations
  WSJ
• Emerging economies set to struggle to meet debt obligations
  FT
• The liquidity ‘collapse’ is a modern-day cobra effect
  FT
• How big could the Fed’s balance sheet get?
  FT

Sunday, April 5, 2020

Evening

• Oil drops 7% following a record surge last week, as OPEC meeting on a production cut is delayed
  CNBC
• Stocks are set to jump at Monday’s open, Dow futures rise 600 points
  CNBC
• Coronavirus live updates: Tiger at the Bronx Zoo tests positive for the coronavirus, British PM Boris Johnson admitted to hospital for tests
  CNBC
• U.S. banking group warns of 'massive' delays, tech issues with small-business rescue program
  Reuters
• Oil Negotiators Race for Global Pact With U.S. Role in Balance
  Bloomberg

Afternoon

• British PM Boris Johnson admitted to hospital for tests over ‘persistent’ coronavirus symptoms
  CNBC
• Coronavirus live updates: US bank group warns of ‘massive’ delays in small-business rescue program
  CNBC
• Bill Gates calls coronavirus pandemic a ‘nightmare scenario,’ but predicts lower death toll than Trump
  CNBC
• Cuomo: New York may be hitting coronavirus apex as state deaths dip slightly
  NY Post
• Italy starts to look ahead to 'phase two' as COVID-19 death toll slows
  Reuters
• Europe sees more signs of hope as Italy’s virus curve falls
  AP

General

• Coronavirus live updates: New York braces for worst week yet as cases continue to rise
  CNBC
• U.S. ‘wasted’ months before preparing for virus pandemic
  AP
• 24 Hours in a Pandemic Nation
  MSN/NYT
• 'Complete collapse of economies' ahead as Africa faces virus
  AP
• Gold’s Supply Squeeze Should Ease as Swiss Refineries Reopen
  Yahoo/Bloomberg
• India Bans All Exports of Trump’s ‘Game Changer’ Virus Drug
  MSN/Bloomberg
• Brazil lawmakers pass 'war budget' as coronavirus cases top 10,000
  Reuters
• Reeling World Economy Slammed by Dangerous Disinflationary Shock
  Bloomberg
• Waiting for the Next Historic Number: Global Economy Week Ahead
  Bloomberg
• Italy Nears Decree on $216 Billion in Guarantees to Companies
  Bloomberg
• OPEC Meeting Is Delayed as Saudi and Russian Tensions Flare
  NYT
• State Coronavirus Shutdowns Have Taken 29% of U.S. Economy Offline
  WSJ
• Oil Investors Grow Desperate for Supply Cuts Amid Glut
  WSJ
• Kept at Home by the Coronavirus, Many Chinese Fall Behind on Their Debts
  WSJ
• Wells Fargo Curtails Jumbo Loans Amid Market Turmoil
  WSJ
• Grant: The High Cost of Low Interest Rates
  WSJ
• 14 Latin American nations seek IMF help to combat big recession
  FT

Evening

• Oil set to ‘crater’ Monday as OPEC meeting delayed, tensions flare between Saudi Arabia and Russia
  CNBC
• Trump says will ask Congress for more small business funds if money runs out
  Reuters
• Coronavirus live updates: Birx warns mortality will peak in NY, New Orleans and Detroit next week
  CNBC
• How the coronavirus job cuts played out by sector and demographics
  Reuters
• Landlords in Peril as Chains Like H&M Refuse to Pay Rent
  Bloomberg
• US and Canada discuss putting tariffs on Saudi and Russian oil
  FT
• Wall Street calls time on the shale revolution
  FT

Saturday, April 4, 2020

General

• OPEC+ emergency meeting likely to be postponed to April 8 or 9: OPEC sources
  Reuters
• Trump aims to ease U.S. oil industry's cash crunch, no plan to trim output: sources
  Reuters
• Saudi Arabia sharply rebukes Russia over oil price collapse
  AP
• Coronavirus live updates: NYC mayor pleads for medical help as US cases continue to rise
  CNBC
• ‘There’s a shortage of everything’: Pharmacies in New York City struggle to meet demand as coronavirus infections surge
  CNBC
• Risk to Jobs Now ‘Unprecedented Since the Great Depression’
  Bloomberg
• Russia Can Reduce Its Oil Output by 10% if the U.S. Joins Cuts
  Bloomberg
• Oil’s Stunning Demand Collapse Threatens Closures Everywhere
  Bloomberg
• Supply-Chain Finance Is New Risk in Crisis
  WSJ

Friday, April 3, 2020

Evening

• Wall Street falls as coronavirus shreds U.S. payrolls
  Reuters
• Coronavirus live updates: US deaths top 7,000, Fauci warns about ‘knockout drug’
  CNBC
• Republican leader McConnell says another coronavirus bill is coming
  Reuters
• The watchdogs overseeing the $2.3 trillion U.S. bailout
  Reuters
• Bank of America says 85,000 small businesses have asked for $22.2 billion in loans since 9 a.m.
  CNBC
• Helicopters? Bailouts? Central banks move to stem coronavirus crisis
  Reuters
• A Trio of Downgrades Spell Default Danger for Emerging Markets
  Bloomberg
• Kissinger: The Coronavirus Pandemic Will Forever Alter the World Order
  WSJ

General

• Wall Street lower as record jobs growth ends
  Reuters
• Stocks fall as business signals hit from pandemic, oil grinds higher
  Reuters
• Oil Surges as Producers Eye 10 Million Barrel a Day Output Cut
  Yahoo/Bloomberg
• US payrolls drop 701,000 in March, the first jobs decline since 2010
  CNBC
• US services sector growth slows down in March, ISM says
  CNBC
• OPEC+ debates biggest-ever oil cut as virus destroys demand
  Reuters
• Trump to host Big Oil execs at White House to discuss market slump
  Reuters
• China's services activity shrinks further in March, job cuts fastest on record: Caixin PMI
  Reuters
• Coronavirus live updates: Google site shows who’s social distancing, Pelosi wants more govt relief
  CNBC
• Why U.S. Housing Bubble 2.0 Is About To Burst
  Forbes
• China pursues global leadership ambitions as it offers aid during the coronavirus crisis
  CNBC
• OPEC+ Pushes for Global Cut to Stem Rout as Russia Ready to Move
  Bloomberg
• Global Cost of Coronavirus Could Reach $4.1 Trillion, ADB Says
  Bloomberg
• Coronavirus Battle Throws Open Eurozone’s Divide
  WSJ
• Saudi Arabia, Russia to Debate Oil Cuts, Pushing Crude Sharply Higher
  WSJ
• Why America’s $1.3tn car-loan market cannot avoid a pile-up
  FT