Daily News Links

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Saturday, July 4, 2020

General

• Florida coronavirus: State shatters record with nearly 11,500 new cases in single day
  WFLA
• Across Sun Belt, hopes for economy give way to renewed fears
  Reuters
• Russia says China would be needed in expanded G7 summit: TASS
  Reuters
• U.S. sends carriers to South China Sea during Chinese drills
  Reuters
• A $10 Trillion Rally Hinges on Earnings Nobody Has a Clue About
  Bloomberg
• U.S. Coronavirus Cases Surge Into July Fourth Weekend
  WSJ
• The Fed is rightly wary of embarking on yield curve control
  FT

Friday, July 3, 2020

Afternoon

• European stocks slide as surge in virus cases hits rebound hopes
  Reuters
• Almost a third of COVID-19 samples show mutation, but not worse disease - WHO
  Reuters
• Florida Reports Nearly 9,500 New Coronavirus Cases, 67 New Deaths
  CBS
• Miami mayor imposes nightly curfew to fight Florida coronavirus surge
  Reuters
• The European Central Bank's fragile German truce
  The Hill
• Iran threatens retaliation after what it calls possible cyber attack on nuclear site
  Reuters
• ECB Split Is Brewing on Pandemic Program That Calmed Crisis
  Bloomberg
• ECB’s Knot Warns Against Creating Another ‘Central Bank Put’
  Bloomberg

General

• World stocks mostly turn lower with US closed for holiday
  AP
• Global Markets: COVID recovery vs COVID reality
  Reuters
• Dollar rises as risk appetite tempered by rising COVID-19 cases in U.S.
  Reuters
• U.S. reports 55,000 COVID-19 cases in single day, hits new global record
  Reuters
• Bill targeting banks over China's Hong Kong law passes U.S. Senate
  Reuters
• US trade deficit rises 9.7% in May to $54.6 billion
  AP
• China's services sector grows at fastest pace in over a decade in June: Caixin PMI
  Reuters
• China Convertible Bond Hype Sees $620 Billion Hunt Each Deal
  Yahoo/Bloomberg
• S&P 500’s Past 100 Days Were Its Best in Almost Nine Decades
  Bloomberg
• The Cost of Bad Market Timing Decisions in 2020 Was Annihilation
  Bloomberg
• CBO Sees Double-Digit Jobless Rate Through 2020, GDP to Shrink 5.9%
  WSJ
• Covid-19’s Impact Won’t End With a Vaccine
  WSJ
• Why the Fed thinks Goldman is America’s riskiest bank
  FT

Thursday, July 2, 2020

Evening

• Wall Street closes higher after biggest payrolls jump on record
  Reuters
• Fed balance sheet shrinks further, and still no Main Street loans
  Reuters
• Coronavirus on the rise in 37 U.S. states as Florida reports 10,000 new cases
  Reuters
• Coronavirus live updates: Texas mandates face coverings; jobs may not fully recover in some U.S. industries
  CNBC

Afternoon

• Stocks rise on jobs data, S&P 500 nears week-long sweep
  AP
• Moderna stock falls 8% after report says late-stage coronavirus vaccine trial delayed
  CNBC
• Florida shatters records with over 10,000 new COVID-19 cases in single day
  Reuters
• Houston hospitals transferring COVID patients: 'We're running out of ICU beds'
  ABC
• Coronavirus live updates: Gottlieb says worst of outbreak will pass by January; Pence sees no need for a mask mandate
  CNBC
• U.S. job growth roars back, but COVID-19 resurgence spells trouble ahead
  Reuters
• Senate passes bill to sanction Chinese officials over Hong Kong, measure goes to Trump for final approval
  USAT
• Brazil revises 2020 fiscal outlook, sees 'lost decade' for national debt
  Reuters
• Investors are too complacent about emerging market risks
  FT

General

• Stocks Rise After Jobs Report; Bonds Fall: Markets Wrap
  Yahoo/Bloomberg
• US jobs increase by 4.8 million in June, vs 2.9 million estimate; unemployment rate at 11.1%
  CNBC
• Weekly jobless claims rise more than expected in final week of June
  CNBC
• Coronavirus live updates: U.S. reports a record 50,000 new cases in a day
  CNBC
• Bars, restaurants pay price for California virus surge
  AP
• Fed Mulls Explicit Forward Guidance, Stays Wary of Yield Targets
  Yahoo/Bloomberg
• China’s Central Bank Is Signaling a Slower Pace of Easing
  Yahoo/Bloomberg
• Ukraine Cancels Eurobond Sale After Central Bank Chief Quits
  Yahoo/Bloomberg
• Manhattan apartment sales worst on record, biggest plunge in 30 years
  CNBC
• Taiwan practices 'enemy annihilation' after China steps up activity
  Reuters
• Fed Mulls Explicit Forward Guidance, Stays Wary of Yield Targets
  Bloomberg
• China’s Corporate Debt Defaults Uncover Hidden Soft Spots
  Bloomberg
• China Warns U.S., U.K. to Stop Criticism of New Hong Kong Law
  Bloomberg
• The Fed Sets Out Many Reasons to Worry About the Economy
  NYT
• The ‘Rocket Ship’ Economic Recovery Is Crashing
  NYT
• Brace for an Autumn of Discontent
  WSJ
• Coronavirus Surge Strains Municipal Bond Market, but Investors Still Pile In
  WSJ
• How Success Against the Coronavirus Turned to Crisis in California
  WSJ
• Nile Niami Is L.A.’s Megamansion King. Has He Built a House of Cards?
  WSJ
• Fed’s Bullard says risk of financial crisis remains
  FT

Evening

• Stock futures steady after Nasdaq hits record to start third quarter
  CNBC
• Asian stocks set to track U.S. gains but Hong Kong jitters weigh
  Reuters
• Coronavirus live updates: California rolls back reopening, NYC pauses indoor dining plans
  CNBC
• Trump says he supports ‘larger’ payments to Americans than Democrats in next coronavirus relief bill
  CNBC
• Fed revisits idea of pledging to keep interest rates low
  Reuters
• Fed Mulls Explicit Forward Guidance, Stays Wary of Yield Targets
  Bloomberg
• US daily coronavirus cases jump by more than 50,000 for first time
  FT
• Hong Kongers look to the exits as China imposes security law
  FT

Wednesday, July 1, 2020

Afternoon

• Wall Street gains on vaccine hopes, improving economic data
  Reuters
• U.S. companies not rushing to rehire workers; rising COVID-19 cases threaten recovery
  Reuters
• US manufacturing bounces back in June on reopenings
  AP
• California, Arizona See Biggest Daily Case Jumps: Virus Update
  Yahoo/Bloomberg
• Arizona reports record spike in new coronavirus cases and deaths ahead of Pence’s visit
  CNBC
• Cases spike in Sunbelt, other states back off on reopening
  AP
• Coronavirus live updates: Study finds U.S. death toll is undercounted by up to 28% as new daily cases continue to climb
  CNBC
• Fed's Daly sees 4-5 year recovery in best-case scenario
  Reuters
• Shale drillers squeezed as banks tighten credit after oil crash
  Reuters
• US loan issuance plummets in 2Q as market takes stock of new normal
  Reuters
• Brazil's Petrobras to cut over 20% of workforce in mass downsizing
  Reuters
• Tesla Overtakes Toyota as the World’s Most Valuable Automaker
  Yahoo/Bloomberg
• Global hedge fund liquidations surge as coronavirus hurts returns: data
  Reuters
• John Paulson, Winner in 2008 Crisis, Latest to Quit Hedge Funds
  Yahoo/Bloomberg
• U.S. Readies Sanctions on China Over Rights Abuses in Xinjiang
  Bloomberg
• Xi’s Hong Kong Power Play Puts China Ever More at Odds With West
  Bloomberg
• A Recovery That Started Out Like a V Is Changing Shape
  WSJ

General

• U.S. Stocks Advance on Vaccine Hope, FedEx Surge: Markets Wrap
  Yahoo/Bloomberg
• Global shares begin second half with a whimper despite positive data
  Reuters
• U.S. employers announced more job cuts in June: report
  Reuters
• Mortgage demand falls for the second straight week, signaling a potential slowdown in the housing recovery
  CNBC
• U.S. coronavirus cases rise by 47,000, biggest one-day spike of pandemic
  Reuters
• Asia's factory pain eases as region emerges from pandemic
  Reuters
• China's factory activity expands, but job losses quicken amid weak exports: Caixin PMI
  Reuters
• Pandemic sinks Japan business mood to lowest since 2009 crisis
  Reuters
• Coronavirus live updates: South Korea reports uptick in cases; Texas posts another record rise
  CNBC
• U.S. States Beg, Borrow and Cut to Close Massive Budget Gaps
  Bloomberg
• Specialty Lenders Face Funding Challenge as Covid-19 Boosts Defaults
  WSJ
• No End in Sight for Big Oil’s Write-Downs
  WSJ
• US Main Street lending facility draws little interest
  FT
• Global dealmaking drops to lowest level in over a decade
  FT
• US-China spat puts future of Hong Kong dollar in the spotlight
  FT

Tuesday, June 30, 2020

Evening

• S&P 500 ends best quarter since 1998 on a high note
  Reuters
• Dow rallies more than 200 points to close out its best quarter since 1987
  CNBC
• Texas reports record number of new coronavirus cases, extends ban on elective surgeries
  CNBC
• Dr. Anthony Fauci says U.S. coronavirus outbreak is ‘going to be very disturbing,’ could top 100,000 new cases a day
  CNBC
• As virus roars back, so do signs of a new round of layoffs
  AP
• Bolsonaro extends aid to Brazilians as jobs plummet, public debt soars
  Reuters
• US hospitals buckle under surge of new coronavirus cases
  FT

Afternoon

• Wall Street tacks more onto its best quarter since 1998
  AP
• Europe restricts visitors from the US amid virus resurgence
  AP
• Coronavirus live updates: New York adds eight more states to travel advisory; Gottlieb says about 25% of NYC is likely infected
  CNBC
• Brazil's debt and deficit hit record highs in May, outlook darkens
  Reuters
• Hong Kong's sweeping security law paves way for more authoritarian era
  Reuters
• California ‘Wall of Debt’ Returns as State Bets on Federal Aid
  Bloomberg
• Quarterly Hedge Fund Liquidations Surge to Highest Since 2015
  Bloomberg

General

• Virus fears lead stocks lower after strong quarterly rebound
  Reuters
• European shares pick up, dollar gains before quarter-end
  Reuters
• Gold Heads for Biggest Quarterly Gain Since 2016 on Virus Woes
  Yahoo/Bloomberg
• U.S. consumer confidence for June jumps more than expected
  CNBC
• Wall Street faces danger signs after best quarter since '98
  Reuters
• Fed’s program for loaning to Main Street off to slow start
  AP
• China's June factory activity quickens, but exporters struggle amid pandemic
  Reuters
• Japan factory output slumps as economy sinks deeper in recession
  Reuters
• China passes Hong Kong security law amid global opposition
  Reuters
• Emerging-Market Carry Trades Risk More Losses After Decade of Gains Wiped Out
  Yahoo/Bloomberg
• Germany takes EU hot seat with big challenges, expectations
  AP
• 'We are getting clobbered': Six months into COVID-19, doctors fear what comes next
  NBC
• ‘Our Luck May Have Run Out’: California’s Case Count Explodes
  MSN/NYT
• No symptoms, big problems: Scientists still puzzled by asymptomatic coronavirus cases
  NBC
• Coronavirus mutation has taken over the world. Scientists are trying to understand why
  LMT
• Coronavirus Pandemic Drags Global M&A to Lowest Level Since 2012
  Bloomberg
• Regional Coronavirus Surges Force Changes in Plans Elsewhere in the U.S.
  WSJ
• Wave of Corporate Failures Stays at Bay—For Now
  WSJ
• Towering debts are a big threat, even if servicing costs are low
  FT

Monday, June 29, 2020

Evening

• Wall Street ends higher on Boeing bump, stimulus eyed
  Reuters
• Los Angeles records 'alarming' surge in COVID-19 cases to more than 100,000
  Reuters
• Arizona shuts bars, theaters, parks amid virus resurgence
  AP
• CDC says U.S. has ‘way too much virus’ to control pandemic as cases surge across country
  CNBC
• Coronavirus live updates: Reopening delays stack up as WHO warns ‘the worst is yet to come’
  CNBC
• Factbox: U.S. states reverse course or pause coronavirus reopenings
  Reuters
• L.A. County could run out of available hospital beds in weeks amid ‘alarming increases’ in coronavirus cases
  KTLA
• Fed's Powell stresses uncertainty, challenges facing U.S. economy
  Reuters
• The Fed is buying some of the biggest companies’ bonds, raising questions over why
  CNBC
• U.S. still poised for 'V-shaped recovery' despite reopening setbacks: Trump adviser
  Reuters
• U.S. begins to pare back Hong Kong's special status
  Reuters

Afternoon

• Wall Street gains on hopes of stimulus-powered rebound, Boeing boost
  Reuters
• Fed launches primary market corporate credit facility
  Reuters
• Coronavirus live updates: Lowe’s gives workers another bonus, Broadway staying closed through rest of 2020
  CNBC
• A cash cliff spells trouble for U.S. unemployed, and everyone else
  Reuters
• Nearly half the U.S. population is without a job, showing how far the labor recovery has to go
  CNBC
• Deals Resume in Sale of Risky Loan Funds
  WSJ

General

• Stocks Rebound on Economic Data Amid Virus Angst: Markets Wrap
  Yahoo/Bloomberg
• U.S. pending home sales jump a record 44.3% in May
  Reuters
• California orders bars to close in Los Angeles and other counties over coronavirus spread
  CNBC
• The U.S.-China Feud Gets Nasty
  Yahoo/Bloomberg
• Gold Edges Closer to $1,800 as Virus Cases Surpass 10 Million
  Yahoo/Bloomberg
• Reckoning Looms for Emerging Markets as Economic Clouds Darken
  Yahoo/Bloomberg
• Chesapeake’s Collapse Is Latest in Long Line of Shale Disasters
  Yahoo/Bloomberg
• Hedge Funds Are Rushing to Get Out of Bearish U.S. Stock Bets
  Yahoo/Bloomberg
• India Shadow Bank Dollar Bonds Drop After S&P Downgrades
  Yahoo/Bloomberg
• Coronavirus rekindles global trade disputes
  Reuters
• Daily coronavirus cases in India near 20,000 as Mumbai extends lockdown
  Reuters
• China Gambles on How Much Trump Has to Lose
  Bloomberg
• ‘Flying Blind Into a Credit Storm’: Widespread Deferrals Mean Banks Can’t Tell Who’s Creditworthy
  WSJ
• U.S. Coronavirus Cases Surge Amid Strains on Hospitals
  WSJ
• Grant: Powell Has Become the Fed’s Dr. Feelgood
  WSJ
• Masks Could Help Stop Coronavirus. So Why Are They Still Controversial?
  WSJ
• Raiding the pot: how the pandemic has deepened the pensions crisis
  FT

Evening

• Stock futures drop as U.S. coronavirus cases surge to record levels
  CNBC
• ‘We have to act’ — HHS Secretary Azar warns ‘window closing’ to halt coronavirus spike
  CNBC
• Florida reports second consecutive day of record coronavirus cases, highest since pandemic began
  CNBC
• Chesapeake Energy, a pioneer in the U.S. shale revolution, files for bankruptcy protection
  CNBC
• World hits coronavirus milestones amid fears worse to come
  AP
• Fed adds bonds of major firms to portfolio
  Reuters
• Japan May retail sales fall 12.3% year-on-year: government
  Reuters
• Bundesbank must decide on ECB bond purchases: top court judge
  Reuters
• Faith in the Fed to Get Fresh Test as Markets Shudder at Virus
  Bloomberg
• Gold Edges Closer to $1,800/Oz as Virus Cases Surpass 10 Million
  Bloomberg
• The U.S.-China Feud Quietly Gets Nasty
  Bloomberg
• Fed’s ‘Run It Hot’ Recipe Works for Markets. Jobs? Not So Much
  Bloomberg

Sunday, June 28, 2020

General

• Wall St Week Ahead-RPT-Investors eye economic data, stimulus measures as stocks rally stalls
  Reuters
• Global coronavirus cases exceed 10 million
  Reuters
• China's central bank says economy faces risks from global pandemic, efforts against domestic resurgence
  Reuters
• Treasuries’ Best Run Since 1995 Shows Traders Girding for Worst
  Yahoo/Bloomberg
• American Companies Find Willing Buyers of Debt Abroad
  WSJ