Daily News Links

8605 posts

Saturday, July 11, 2020

General

• U.S. sets record for new COVID cases third day in a row at over 69,000
  Reuters
• Dozens of Florida hospitals max out of ICU capacity amid surge in COVID-19 cases
  The Hill
• Chinese banks must brace for surge in bad loans, regulator says
  Reuters
• Treasuries Rally Reflects Visions of a Rockier Path to Recovery
  Yahoo/Bloomberg
• Expert warns the US is approaching 'one of the most unstable times in the history of our country'
  CNN
• China’s Banking Watchdog Warns of Sharp Rebound in Bad Loans
  Bloomberg
• India Central Bank Chief Foresees More Pain for Embattled Banks
  Bloomberg
• This Is What It Looks Like When a Texas Oil Boom Busts
  WSJ
• The coming earnings season could bring lofty stocks down to earth
  FT

Friday, July 10, 2020

Afternoon

• Financials lift S&P 500, Dow despite record U.S. virus cases
  Reuters
• Trump says U.S.-China relationship is ‘severely damaged,’ Phase 2 trade deal not a priority
  CNBC
• Coronavirus live updates: Record single-day spike in cases; Gottlieb says 1 in 150 Americans are infected
  CNBC
• Miami is a new coronavirus hot spot, internal CDC document says
  Yahoo News
• Retail bankruptcy filings keep coming, coffee habits change
  AP
• A New World Order for the Coronavirus Era Is Emerging
  Bloomberg

General

• Stocks jittery as record U.S. virus count curbs risk appetite
  Reuters
• U.S. Treasuries Lead Rally in Long-Dated Bonds on Haven Demand
  Yahoo/Bloomberg
• U.S. producer prices unexpectedly fall in June
  CNBC
• Fed balance sheet below $7 trillion, repo drops to zero for first time since September
  Reuters
• U.S. recovery in limbo as retail traffic falls in virus hot spots
  Reuters
• Biggest U.S. Banks Set for Worst Quarter Since Financial Crisis
  Yahoo/Bloomberg
• U.S. reports record single-day spike of 63,200 new coronavirus cases
  CNBC
• Coronavirus live updates: Italy to extend state of emergency; Nevada rolls back reopen for bars
  CNBC
• China Credit Growth Accelerates in June as Economy Recovers
  Yahoo/Bloomberg
• China bank lending hits record $1.72 trillion in first half after solid June
  Reuters
• China auto sales off 22.4% in first half of 2020
  AP
• Cash flows into China funds fuel fears of 2015 boom-bust repeat
  Reuters
• China State Funds Start Selling in Warning Sign for Stock Rally
  Bloomberg
• California, After Riding a Boom, Reckons With Hard Times
  NYT
• The leveraging of America: how companies became addicted to debt
  FT
• California squanders early lead in fight against coronavirus
  FT
• Anthony Fauci: ‘We are living in the perfect storm’
  FT

Thursday, July 9, 2020

Evening

• Stocks Drop on Coronavirus Spread; Treasuries Jump: Markets Wrap
  Yahoo/Bloomberg
• 10-year Treasury yield plumbs April low after best 30-year bond auction since 2014
  MarketWatch
• Oil Tumbles With Corporate Layoffs, Virus Clouding Recovery
  Yahoo/Bloomberg
• Coronavirus records in Florida, Texas and California erode hopes of economic revival
  Reuters
• Coronavirus live updates: California gears up for fire season as coronavirus cases surge
  CNBC
• Big restaurant chains are recovering faster than the rest of the industry, Bank of America says
  CNBC
• High-Grade Bond Funds Rake in More Cash With $7.18 Billion Added
  Yahoo/Bloomberg
• Hedge Fund Says Bonds Close to ‘Tipping Point’ After Debt Binge
  Yahoo/Bloomberg
• Fannie-Freddie Profit Sweep Draws U.S. Supreme Court Review
  Yahoo/Bloomberg
• University of California Faces Hardship and Eager Bond Buyers
  Yahoo/Bloomberg
• Covid-19 Is Bankrupting American Companies at a Relentless Pace
  Bloomberg
• Global Banks Risk Breaching China Law by Complying With U.S.
  Bloomberg
• World’s Leading Economies Remain Fragile After Rebound
  Bloomberg
• China’s ‘Too Fast, Too Sudden’ Bond Rout at Mercy of Stock Rally
  Bloomberg
• Scandal-Hit Punjab National Bank Reports $492 Million Fraud
  Bloomberg
• China Tries to Keep Market Exuberance Under Control
  WSJ

Afternoon

• Dow falls more than 300 points, but Nasdaq turns back positive as tech recovers
  CNBC
• Coronavirus live updates: California and Florida hit by surging infections as Fauci warns of renewed shutdowns
  CNBC
• U.S. Treasury chief supports more direct payments in next coronavirus aid bill
  Reuters
• Fewer Americans may get a second stimulus check. What we know about the next round of payments
  CNBC
• S&P Global expects coronavirus to cost banks $2.1 trillion
  Reuters
• Exclusive: U.S. finalizing federal contract ban for companies that use Huawei, others
  Reuters

General

• Stocks higher as tech shares rise again, jobless claims better than expected
  CNBC
• China charges on, gold reaches nine-year high
  Reuters
• Gold holds above $1,800 as virus cases spike
  Reuters
• U.S. weekly jobless claims stay elevated; labor market improvement stalling
  Reuters
• A ‘financial war’ with China could be brewing on top of the trade war
  CNBC
• JPMorgan Says Liquidity Conditions Are Making Markets Vulnerable
  Yahoo/Bloomberg
• China's producer prices extend declines but recovery signs emerge
  Reuters
• Exclusive: Chinese banks prepare contingency plans over threat of U.S. sanctions, sources say
  Reuters
• ‘There’s No Way I Can Lose’: Inside China’s Stock-Market Frenzy
  Yahoo/Bloomberg
• China Industrial Firms in Refinancing Fix as Debt Wall Looms
  Yahoo/Bloomberg
• Trudeau’s Deficit Swells to 16% of Output on Massive Virus Aid
  Yahoo/Bloomberg
• Hedge Funds Lost a Record 7.9% in Pandemic-Plagued First Half
  Yahoo/Bloomberg
• Manhattan Apartment Rents Slide After Exodus Empties Buildings
  Bloomberg
• Companies Raised Record Amounts by Selling Stock During Covid-19 Crisis
  WSJ
• U.S. Companies Slashed Dividends at Fastest Pace in More Than a Decade
  WSJ
• Covid-19 Test Results Take Longer as Infections Rise Sharply
  WSJ
• China says ties with US at lowest point since 1979
  FT
• Crunch time for long/short funds after Lansdowne calls it quits
  FT

Wednesday, July 8, 2020

Evening

• Nasdaq ends at record high as Wall Street rises with tech shares
  Reuters
• Stock futures point to 0.2% gain after Nasdaq clinches new record
  CNBC
• Dollar tumbles to two-week low as Nasdaq hit record closing high
  Reuters
• Coronavirus live updates: California ramps up hospital capacity as cases surge
  CNBC
• Global coronavirus cases rise to more than 12 million
  Reuters
• Brain problems linked to even mild virus infections: study
  AFP
• Special Report: Bolsonaro bets 'miraculous cure' for COVID-19 can save Brazil - and his life
  Reuters

Afternoon

• Wall Street rises on rebound hopes despite jump in virus cases
  Reuters
• Gold storms past $1,800 towards new record high
  Reuters
• Coronavirus live updates: U.S. surpasses 3 million cases, Phoenix mayor calls for testing surge
  CNBC
• 32% of U.S. households missed their July housing payments
  CNBC
• Renters face financial cliff ahead; limited help available
  AP
• United Airlines sending 'gut punch' furlough warnings to 36,000 workers
  Reuters
• Coronavirus cases surge among younger Californians
  CNBC
• Dividend payments plunge by $42.5 billion in worst quarter for income investors since financial crisis
  CNBC
• U.S. will act to deny China access to Americans' data, says Pompeo
  Reuters
• As inflation jumps, Turkey faces the prospect of another currency crisis
  CNBC

General

• Global shares waver on coronavirus fears
  Reuters
• U.S. Stocks Drift, European Stocks Trim Decline: Markets Wrap
  Yahoo/Bloomberg
• Gold prices extend climb above 9-year high as traders see few limits to central-bank stimulus
  MarketWatch
• Trump Aides Weigh Proposals to Undermine Hong Kong’s Dollar Peg
  Yahoo/Bloomberg
• Traders Skeptical That Trump Will Break Hong Kong’s Dollar Peg
  Yahoo/Bloomberg
• Coronavirus live updates: U.S. reports more than 60,000 new cases; Africa tops 500,000 total cases
  CNBC
• Homebuyer mortgage demand spikes 33% as rates set another record low
  CNBC
• Real estate CEO expects 'exodus' of central business districts to last the next two years
  CNBC
• Bond-Market Tourists Threaten to Bolt With $200 Billion at Risk
  Yahoo/Bloomberg
• The Hottest Hedge-Fund Strategy Is Facing an Existential Crisis
  Yahoo/Bloomberg
• Storied apparel brand Brooks Brothers files for bankruptcy as it seeks a buyer and closes dozens of stores
  CNBC
• China's jobs problem runs deeper than the coronavirus
  Reuters
• Chinese factories to face headwinds in next phase of post-lockdown recovery
  Reuters
• China Industrial Firms Face Refinancing Risks as Debt Wall Looms
  Yahoo/Bloomberg
• Coronavirus spurs Japan bank lending at record pace in June
  Reuters
• The U.S.-China Rivalry Is Broadening From Trade to Everything
  Bloomberg
• U.S. Peg Threat Throws Another Test at Hong Kong’s Hardy Markets
  Bloomberg
• Recession Forces Spending Cuts on States, Cities Hit by Coronavirus
  WSJ
• The Other Chinese Property Debt to Worry About
  WSJ
• Sprawling Countries Find Coronavirus Hard to Contain
  WSJ
• Stocks struggle as US virus outbreaks threaten recovery
  FT
• China’s stock market surge is fuelled by liquidity not fundamentals
  FT

Tuesday, July 7, 2020

Evening

• Stock futures flat following sell-off on Wall Street
  CNBC
• Wall Street drops after strong rally as COVID-19 cases mount
  Reuters
• Gold futures settle at nearly 9-year high
  MarketWatch
• Asia Stocks Set for Mixed Open After U.S. Declines: Markets Wrap
  Yahoo/Bloomberg
• Texas says new coronavirus cases jumped by more than 10,000 for the first time
  CNBC
• Coronavirus live updates: San Francisco delays reopening of indoor dining as U.S. nears 3 million cases
  CNBC
• Fed policymakers worry growth plateauing, pledge more support
  Reuters
• Vanguard Trounces BlackRock for ETF Flows in Volatile Half
  Yahoo/Bloomberg
• AP Explains: Bolsonaro has downplayed virus fears for months
  AP
• Mexico’s Debt-Laden Oil Giant Is Asking Contractors for IOUs
  Yahoo/Bloomberg
• Trump Aides Weigh Proposals to Undermine Hong Kong’s Dollar Peg
  Bloomberg
• United Airlines Sees Risk of Stalled Rebound on Virus Surge
  Bloomberg
• India’s Budget Blowout May See RBI Resort to Direct Financing
  Bloomberg
• Covid Still Poses Challenges for Financial System, Fed’s Quarles Says
  WSJ
• Banks Could Get $24 Billion in Fees From PPP Loans
  WSJ
• New U.S. Rules on Foreign Students Put Universities in Dilemma
  WSJ
• US volatility indices show persistent investor ‘fear’ after rally
  FT

Afternoon

• Wall Street struggles for direction after strong rally as virus cases surge
  Reuters
• Dollar edges higher as virus worries sap risk appetite
  Reuters
• Brazil President Bolsonaro tests positive for coronavirus
  Reuters
• Coronavirus live updates: Brazil's Bolsonaro tests positive; Novavax gets $1.6 billion for vaccine development
  CNBC
• Fed's Bostic: Business 'getting nervous again' as virus surges
  Reuters
• Largest U.S. airlines move towards federal loans; United warns about COVID-19 surge
  Reuters
• Herd immunity strategies called into question after coronavirus antibody study in Spain
  CNBC

General

• Stocks ease after five-day run as virus worries weigh
  Reuters
• Global stocks slip as virus outbreaks dim hopes for rebound
  AP
• Brazilian president Jair Bolsonaro tests positive for coronavirus
  UK Guardian
• Pompeo says U.S. looking at banning Chinese social media apps, including TikTok: Fox
  Reuters
• States in fiscal crisis and cuts to basic services loom as coronavirus ravages local economies
  CNBC
• Hospitalizations jump 50% in California as coronavirus infections soar
  Reuters
• States mandate masks, begin to shut down again as coronavirus cases soar and hospitalizations rise
  MSN/Washington Post
• Fallen Hedge Fund’s Head Among Money Managers Getting PPP Relief
  Yahoo/Bloomberg
• EU sees deeper recession, less steep rebound for euro zone
  Reuters
• All Eyes on China’s Unstoppable Stocks After $460 Billion Rally
  Yahoo/Bloomberg
• Lansdowne to Shut Main Hedge Fund in Retreat From Shorting
  Yahoo/Bloomberg
• Brazil's Bolsonaro tested for coronavirus after feeling unwell, reporting a high temperature
  CNBC
• U.S. Home Prices Seen Falling 6.6% on Covid-19 Economic Damage
  Bloomberg
• Chinese Trading Apps Struggle as Millions of Investors Pile In During Rally
  Bloomberg
• The World Can’t Take Much More Shale Gas
  WSJ
• China Orders Up a ‘Healthy Bull Market,’ and Stocks Oblige
  WSJ
• Chinese Developer Fails to Repay Bondholders
  WSJ
• Federal Reserve official warns US recovery may be ‘levelling off’
  FT
• China’s support for US dollar can no longer be relied upon
  FT

Evening

• Asian stocks set to follow U.S. higher on China hopes, upbeat data
  Reuters
• Stock futures rise slightly following a strong rally on Wall Street
  CNBC
• Coronavirus live updates: California asks more counties to close indoor businesses as cases grow
  CNBC
• Hospitals approaching capacity as Miami closes restaurants
  AP
• U.S. pandemic aid program saved 51.1 million jobs, but wealthy and connected also benefited
  Reuters
• The Latest: Financial firms among big relief fund recipients
  AP
• Public Pension Reckoning Delayed With Stimulus Pumping Up Stocks
  Yahoo/Bloomberg
• How soon coronavirus could deplete the government’s major trust funds
  Yahoo
• Japan's household spending drops at record pace as virus hits economy
  Reuters
• Sizzling Demand Drives Asian Dollar Bond Orders to 15-Month High
  Yahoo/Bloomberg
• ‘Panic Buying’ Drives China-Focused ETF’s Biggest Gain Since ‘09
  Yahoo/Bloomberg
• Lobbyists, Law Firms and Trade Groups Took Small-Business Loans
  NYT

Monday, July 6, 2020

Afternoon

• Wall Street gains on strong services sector data, China-led recovery hopes
  Reuters
• Gold gains as surging virus cases eclipse positive U.S. data
  Reuters
• Risk-on move dents dollar; yuan set for best day since Dec
  Reuters
• U.S. service sector rebounds strongly in June
  Reuters
• Coronavirus hospitalizations grow in more than 20 states as Texas admissions soar to new record
  CNBC
• Doctors say the US is in a 'free fall' with coronavirus as 32 states struggle with higher rates of infection
  CNN
• Immunity to the coronavirus is ‘fragile’ and ‘short-lived,’ immunologist warns
  CNBC
• UK's Raab rejects China's criticism of 'gross interference'
  Reuters
• China told citizens to buy stocks, boosting market — ‘We have the Fed...China has its state media’
  CNBC

General

• Stocks rally to four-week highs as investors bet on China revival
  Reuters
• Dow futures jump more than 350 points as Wall Street tries to build on winning week
  CNBC
• Shanghai soars nearly 6%, leading gains in Asia as ‘bull sentiment’ drives markets
  CNBC
• Dollar in narrow range, yen falls as stocks rise
  Reuters
• Trump weighing executive orders on China, manufacturing, immigration, aide says
  Reuters
• Coronavirus updates: Scientists call on WHO to recognize airborne threat; India’s cases surpass Russia’s
  CNBC
• EU will stand firm against Washington over trade disputes, says commissioner
  Reuters
• Americans leave large cities for suburban areas and rural towns
  The Hill
• Asia's equity valuations hit 10-1/2-year high in June
  Reuters
• China Stokes a Stock-Market Mania, Risking Repeat of 2015 Bubble
  Yahoo/Bloomberg
• China's central bank calls on struggling companies to restructure debt outside courts
  SCMP
• Banks Are Grabbing All the Indian Bonds Foreigners Dump
  Yahoo/Bloomberg
• U.S. Navy carriers conduct South China Sea drills as Chinese ships watch
  Reuters
• The VIX Is Still Flashing Warnings for Stock Bulls on a Rampage
  Bloomberg
• China Imposes Checks on Large Transactions After Bank Runs
  Bloomberg
• Why the World Is Getting Angrier, and What That Says About the Economy
  Bloomberg
• China Dominates Medical Supplies, in This Outbreak and the Next
  NYT
• Behind Oil’s Rise Is a Historic Drop in U.S. Crude Output
  WSJ
• Court challenge to ECB defused as Bundesbank signals bond buying plans
  FT
• Turkey bans six banks from betting against local stocks
  FT
• Hedge fund launches dry up in tough markets
  FT

Sunday, July 5, 2020

Evening

• Stock futures rise slightly as Wall Street tries to build on winning week
  CNBC
• U.S. COVID-19 Deaths Near 130,000; Florida And Texas Report Record Case Numbers
  NPR
• Coronavirus on track to overwhelm Houston hospitals in two weeks, mayor says
  CNBC
• Markets Torn Between Robust Economic Data and Rising Virus Cases
  Bloomberg
• Covid-Like Virus Was Sent to Wuhan in 2013, Sunday Times Says
  Bloomberg

General

• US holiday fuels worries about skyrocketing virus cases
  AP
• WHO reports record daily increase in global coronavirus cases, up more than 212,000
  Reuters
• ECB’s Villeroy Says Pandemic Is Forcing Permanent Policy Change
  Reuters
• Goldman Lowers U.S. GDP Forecast, Sees 4.6% Contraction in 2020
  Bloomberg
• Big data suggests a difficult recovery in US jobs market
  FT