Daily News Links

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Saturday, June 27, 2020

Evening

• U.S. coronavirus cases surge by more than 45,000 in one day, total surpasses 2.5 million
  CNBC
• Florida among five states to hit daily highs for COVID-19 cases
  Reuters
• Brazil coronavirus cases rise past 1.3 million, deaths total 57,070
  Reuters
• NORAD fighter jets intercept Russian military aircraft off Alaska
  Reuters

General

• New pandemic clampdowns in Texas, Florida rattle business owners
  Reuters
• Bar owners worry as virus surges in their workplaces
  AP
• New U.S. coronavirus cases hit 45,242 for biggest one-day increase of pandemic
  Reuters
• Credit card industry reins in balance-transfer offers as banks from JPMorgan to Amex fear defaults
  CNBC
• Coca-Cola suspends social media advertising despite Facebook changes
  BBC
• Scientists just beginning to understand the many health problems caused by COVID-19
  Reuters
• Coronavirus cases in India cross 500,000 as big cities reel from surge
  Reuters

Friday, June 26, 2020

Afternoon

• Wall Street tumbles on rising coronavirus cases; banks lead declines
  Reuters
• Consumer sentiment tepid in U.S. South as COVID-19 cases spike
  Reuters
• Coronavirus live updates: U.S. 7-day average hits record high; American Airlines to resume full flights on July 1
  CNBC
• Texas, Florida governors order bars closed, impose new restrictions as cases surge
  Politico
• U.S. curbs visas for Chinese officials over Hong Kong autonomy
  Reuters
• France reports more than 1,500 new coronavirus cases, a first since end-May
  Reuters

General

• Dow slides 500 points after Texas rolls back reopening amid spike in coronavirus cases
  CNBC
• Global stocks flat as U.S. virus concerns offset Europe rebound hopes
  Reuters
• Coronavirus Update US: Florida COVID-19 cases rose by 7.8%
  FXStreet
• Texas rolls back its reopening a day after pausing plans as coronavirus cases rise
  CNBC
• US consumer spending up 8.2%, partly erasing record plunge
  AP
• Coronavirus mortgage bailouts suddenly swell as homeowners face new struggles
  CNBC
• Falling AAAngels: The shrinking 'triple A' world
  Reuters
• Coronavirus live updates: Housing and jobs markets show signs of slowing recovery
  CNBC
• Governors who quickly reopened backpedal as virus surges
  AP
• Mexican economy shrinks record 17.3% in April as industry swoons
  Reuters
• IMF's Georgieva says virus crisis could ultimately test IMF resources
  Reuters
• Timeline: Threats and stalemate one year after Trump last met North Korea's Kim
  Reuters
• Amid pandemic, SE Asian nations warn of 'alarming' South China Sea incidents
  Reuters
• Still Reeling From Oil Plunge, Texas Faces New Threat: Surge in Virus Cases
  NYT
• Covid-19 Is a Puzzle That Wall Street Can’t Solve
  WSJ
• Faith in the V-Shaped Recovery Takes a Hit
  WSJ
• Fed balance sheet shrinks as use of emergency facilities levels out
  FT
• Riskiest US companies are left behind in rush to buy debt
  FT
• Arctic Circle’s record temperatures heighten global warming concerns
  FT

Thursday, June 25, 2020

Evening

• Stock futures are flat after bank stress test results, Nike reports surprise loss
  CNBC
• Banks lead gains for stocks on Wall Street in jumpy trading
  AP
• Oil prices climb as U.S. economic data lends support
  Reuters
• Dollar strengthens as virus fears dent risk appetite
  Reuters
• Coronavirus live updates: Texas and Florida pause reopening more business as cases surge
  CNBC
• Fed puts restrictions on bank dividends after test finds some banks could be stressed in pandemic
  CNBC
• Record spikes in U.S. coronavirus cases push up hospitalization rates in 16 states
  CNBC
• California governor declares budget emergency due to COVID-19 pandemic
  Reuters
• Mexico's finance minister tests positive for coronavirus
  Reuters
• White House Considers Broad Federal Intervention to Secure 5G Future
  WSJ

Afternoon

• Wall Street ends choppy session higher as strength in banks offsets virus woes
  Reuters
• Bank stocks surge after regulators ease Volcker Rule, JPMorgan Chase climbs 2%
  CNBC
• Texas pauses reopening plan and elective surgeries as coronavirus cases and hospitalizations rise
  CNBC
• No quick fixes to stop coronavirus spikes in hot spots like Florida and Texas, Dr. Scott Gottlieb says
  CNBC
• Coronavirus resurgence looms over Wall Street rally
  Reuters
• Coronavirus live updates: Cuomo says states played politics with virus, NYC to reopen more business in July
  CNBC
• Central banks have thrown many tools at coronavirus. What do they have left?
  Reuters
• Breakingviews - Chancellor: Inflation as the post-pandemic cure
  Reuters
• Fed's Bostic: Even gradual second wave could force consumers back indoors
  Reuters
• U.S. new-car sales in June seen down as much as 30%: research firms
  Reuters

General

• [Reuters Stocks fall on virus fears ahead of jobless claims
• Oil prices fall further on virus fears, U.S. crude stock build
  Reuters
• U.S. hits highest single day of new coronavirus cases with more than 45,500, breaking April record
  CNBC
• U.S. layoffs stay high as weak demand lingers despite businesses reopening
  Reuters
• Orders for US big-ticket factory goods surge 15.8% in May
  AP
• Coronavirus live updates: Disney delays reopening for California parks as state reports record new cases
  CNBC
• The 3 most populous states are breaking coronavirus records, leading to fears of 'apocalyptic' surges
  CNN
• IMF warns disconnect in financial markets risks a correction in asset prices
  CNBC
• Vaccine makers face biggest medical manufacturing feat in history
  Reuters
• ECB hits back at German court challenge
  Reuters
• U.S. May Exports Sink to 11-Year Low as Imports Drop
  Bloomberg
• U.S. Recovery Looks to Be Ebbing in States With Virus Outbreaks
  Bloomberg
• Funding Markets Becalmed by Fed Turn to a Murky Third Quarter
  Bloomberg
• ECB Tackles German Court Ruling With Claim QE Helps the Economy
  Bloomberg
• Quants Sound Alarm as Everyone Chases Same Alternative Data
  Bloomberg
• Chinese Jets Buzzing Taiwan Show Long-Term Risk of War With U.S.
  Bloomberg
• Kaufman: US capitalism has been shattered
  FT
• US states put brakes on reopenings as new Covid-19 cases hit record
  FT

Wednesday, June 24, 2020

Evening

• Asia set to track Wall Street retreat as second wave derails recovery hopes
  Reuters
• Equities sink, bonds edge higher on fears of pandemic wave
  Reuters
• Oil dives over 5% as U.S. crude stocks hit record, COVID cases mount
  Reuters
• Governor Says Texas Has 'Massive' Outbreak As New Cases Again Exceed 5,000
  Newsweek
• Brazil registers 42,725 new cases of coronavirus, 1,185 deaths
  Reuters
• Global housing markets ensnared by pandemic's high unemployment
  Reuters
• Companies Agonize Over Reopening Timetables as Covid-19 Spreads
  WSJ

Afternoon

• Stocks slide on Wall Street as new coronavirus cases surge
  AP
• Coronavirus live updates: California, Florida report record cases as NY orders quarantine for some travelers
  CNBC
• California reports more than 7,000 coronavirus cases, biggest daily jump so far
  CNBC
• Florida reports another record spike in coronavirus cases, up 5.3% in a day
  CNBC
• New York, New Jersey and Connecticut impose 14-day quarantine on travelers from coronavirus hotspot states
  CNBC
• Virus cases surging among the young, endangering the elderly
  AP
• IMF downgrades outlook for global economy in face of virus
  AP
• Emergency Virus Spending Will Push Global Debt Ratio Above 100%
  Bloomberg
• Canada AAA Rating Stripped at Fitch on Virus-Linked Deficit
  Bloomberg

General

• Wall Street slumps on virus worries, grim economic forecast
  Reuters
• Gold shines as coronavirus surge unnerves investors
  Reuters
• Oil prices slides as U.S. crude stockpile growth heightens oversupply fears
  Reuters
• Gold Poised to Challenge $1,800 as Virus Resurgence Fans Demand
  Yahoo/Bloomberg
• IMF slashes its forecasts for the global economy and warns of soaring debt levels
  CNBC
• Mnuchin says U.S.-China decoupling will occur if firms cannot compete fairly
  Reuters
• Weekly homebuyer mortgage demand ticks down but is still a remarkable 18% higher than a year ago
  CNBC
• Coronavirus live updates: India reports record spike in cases, U.S. citizens could remain barred from EU
  CNBC
• Virus pummels commercial real estate, could end long boom
  AP
• With contracts canceled and debts mounting, offshore oil drillers face another shakeout
  Reuters
• Washington state makes face masks mandatory as some states see new coronavirus surge
  Reuters
• China's banking system begins to crack at its grass roots as two bank runs take place within a week
  SCMP
• BOJ signals pause after months of pandemic-fighting stimulus steps: June summary
  Reuters
• Office cluster pushes Tokyo coronavirus cases to one-and-half-month high, governor says
  Reuters
• U.S. Targets $3.1 Billion of EU and U.K. Imports for New Tariffs
  Bloomberg
• China’s Growing Dollar Bond Defaults Reveal Depth of Stress
  Bloomberg
• How Coronavirus Upended a Trillion-Dollar Corporate Borrowing Binge and Kicked Off a Wave of Bankruptcies
  WSJ
• ‘Massive’ Forgery Helped Hide $3 Billion Hole in Energy Trader’s Books
  WSJ
• Record number of US companies seek relief on loan terms
  FT

Tuesday, June 23, 2020

Evening

• Nasdaq jumps to record led by Apple in longest winning streak since December
  CNBC
• Virus Surges Across U.S., Throwing Reopenings Into Disarray
  MSN/Bloomberg
• Texas governor urges residents to stay home amid record number of new coronavirus cases
  The Hill
• Coronavirus live updates: Dr. Fauci recommends states with outbreaks should consider pausing reopening phases
  CNBC
• EU May Bar American Travelers as It Reopens Borders, Citing Failures on Virus
  Yahoo/NYT
• North Korea suspends military action plans against South Korea: KCNA
  Reuters
• Junk Bonds Topple Monthly Sales Record in ‘Party Like No Other’
  Bloomberg
• Reinhart Says Emerging-Market Troubles Top Those of Rich Nations
  Bloomberg
• How China Is Tightening Its Grip on Hong Kong's Economy
  Bloomberg
• Coronavirus Races Across Brazil and Latin America, a Warning to Poor Nations
  WSJ

Afternoon

• Wall Street climbs on signs of economic recovery, Nasdaq hits record high
  Reuters
• Gold vaults to highest since October 2012 as dollar stumbles
  Reuters
• U.S. 7-day average of coronavirus cases surges 30% from week ago
  CNBC
• Dr. Anthony Fauci tells Congress parts of U.S. are seeing a ‘disturbing surge’ of coronavirus infections
  CNBC
• Homebuilders see strongest May sales in over a decade, but they have a big problem
  CNBC
• The Fed’s corporate bond buying is stoking bubble fears
  CNBC
• Central banks hint at pandemic stimulus exit. Markets aren't buying it
  Reuters
• Brazil beef exporter, British pork plant halt China shipments over virus
  Reuters

General

• U.S. Equities Rise With Europe Stocks; Dollar Slips: Markets Wrap
  Yahoo/Bloomberg
• Oil Climbs to Three-Month High on Demand Strength, Trade Hopes
  Yahoo/Bloomberg
• US new home sales rise surprisingly strong 16.6% in May
  AP
• White House adviser Navarro walks back on comments China trade deal 'over'
  Reuters
• Coronavirus live updates: English pubs to reopen; German district is back on lockdown
  CNBC
• New U.S. COVID-19 cases surge 25% last week; Arizona, Florida and Texas set records
  Reuters
• Analysts' View: Take Navarro's China trade deal is 'over' comments with a pinch of salt
  Reuters
• Germany imposes fresh lockdown after coronavirus outbreak at meat factory
  CNN
• Fauci Doesn’t See Lull; R0 Above 1 in 31 States: Virus Update
  Bloomberg
• Market Exuberance Set to Be Challenged as Global Risks Intensify
  Bloomberg
• Key Support for the Economy May Be About to Buckle
  WSJ
• Lawmakers Ask Fed to Help Businesses Struggling to Make Mortgage Payments
  WSJ
• Coronavirus and personal debt: the Americans living on a ‘knife edge’
  FT

Monday, June 22, 2020

Afternoon

• Wall Street flat as virus cases rise; tech stocks advance
  Reuters
• Oil up on tighter supply, but virus fears cap gains
  Reuters
• Emerging Markets - Latam stocks and currencies stage comeback, virus cases spike
  Reuters
• U.S. home sales tumble to 9-1/2-year low; price growth slows
  Reuters
• After 100 days, New York City opens for haircuts, outdoor dining, as virus cases soar in 12 other states
  Reuters
• White House economic adviser Kevin Hassett departing after temporary return
  Reuters
• Investors Are Spending Fresh Billions Hedging the Market Mania
  Yahoo/Bloomberg
• Emerging Markets Are Awash in Confidence
  Yahoo/Bloomberg
• Indian Dollar Bonds Cooling Just as Firms Need to Issue More
  Yahoo/Bloomberg
• Virus Surge Jolts Prospects for World Economy
  Bloomberg
• Coronavirus Surge Threatens Developing Nations Exiting Lockdown
  Bloomberg
• Berlin and ECB signal end to legal impasse over bond-buying
  FT

General

• Stocks fall to start the week, American Airlines shares decline
  CNBC
• Global stocks shrug off fresh virus wave fears, dollar slips
  Reuters
• Gold Drives Toward Highest Since 2012 on Virus Resurgence Concern
  Yahoo/Bloomberg
• Coronavirus live updates: South Korea sees ‘second wave;’ WHO reports record spike in global cases
  CNBC
• U.S. reports more than 30,000 coronavirus cases two days straight, the highest number since May 1
  CNBC
• Coronavirus cases surge in U.S. and Brazil as Germany reports more outbreaks, but markets don’t seem worried
  CNBC
• Changing of guard at top German court signals de-escalation for ECB
  Reuters
• Italy PM says budget deficit likely to rise further amid pandemic
  Reuters
• ECB money-printing shouldn't become 'unbound', says Weidmann
  Reuters
• Brazil passes 50,000 coronavirus deaths as outbreak worsens
  Reuters
• Chinese bomber approaches Taiwan in latest fly-by near island
  Japan Times
• U.S. Home-Mortgage Delinquencies Reach Highest Level Since 2011
  Bloomberg
• ECB Looks to Defuse German Legal Timebomb Threatening Stimulus
  Bloomberg
• Virus Surge Jolts Prospects for World Economy
  Bloomberg
• We Will Be Living With the Coronavirus Pandemic Well Into 2021
  Bloomberg
• China Tech Firms Face Backlash Over Beijing’s Policies
  WSJ
• US shale companies face $300bn in writedowns in Q2
  FT

Sunday, June 21, 2020

General

• U.S. banks are ‘swimming in money’ as deposits increase by $2 trillion amid the coronavirus
  CNBC
• Inflation dog may finally bark, investors bet
  Reuters
• Brazil just shy of 50,000 coronavirus deaths, over 1 million cases, ministry says
  Reuters
• Mainland China reports 26 new COVID-19 cases including 22 in Beijing
  Reuters
• The Latest: Coronavirus resurgence continues in South Korea
  AP
• Will public debt be a problem when the Covid-19 crisis is over?
  FT