Daily News Links

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Thursday, September 24, 2020

Evening

• Tech stocks lift Wall Street even as economic rebound slows
  Reuters
• House Democrats prepare new $2.4 trillion stimulus plan with unemployment aid, direct payments
  CNBC
• New home sales crush expectations, but the supply is running out
  CNBC
• 'Healthy correction' or something more? Stock swings keep investors on edge
  Reuters
• U.S. labor market slowing as fiscal stimulus fades
  Reuters
• Worsening Virus Trends Are Raising Alarms for Stock Investors
  Bloomberg
• Blank-Check Firms Offering IPO Alternative Are Under Regulatory Scrutiny
  WSJ
• French PM raises specter of reconfinement as COVID-19 cases rise
  Reuters
• Tett: The next financial crisis may be coming soon
  FT

General

• Shares slide, dollar up as hopes of economic recovery fade
  Reuters
• Dollar holds advantage as money flees from risk assets
  Reuters
• Oil falls on fuel demand growth concerns as coronavirus lingers
  Reuters
• U.S. weekly jobless claims unexpectedly rise
  Reuters
• U.S. new home sales rise to near 14-year high
  CNBC
• Coronavirus live updates: Germany, Italy see second waves; AstraZeneca still waiting for OK to resume U.S. trials
  CNBC
• Factbox: Key legal battles that could shape the U.S. presidential election
  Reuters
• Coronavirus fuels historic legal battle over voting as 2020 U.S. election looms
  Reuters
• Coronavirus pandemic fuels affordability crisis for homebuyers
  CNBC
• China Developer Evergrande Warns of Liquidity Crunch, Spooking Investors
  Yahoo/Bloomberg
• China's No.2 developer Evergrande pleads for government support to avoid cash crunch
  Reuters
• Turkey Stuns With Rate Hike to Cap Effort of Stealth Tightening
  Yahoo/Bloomberg
• ECB Hands Banks $203 Billion in Cheap Cash to Boost Lending
  Yahoo/Bloomberg
• Goldman Halves U.S. Growth Forecast on Lack of Extra Fiscal Stimulus
  Bloomberg
• Trend-following hedge funds struggle in topsy turvy year
  FT
• Retail trading craze fires up China’s brokers
  FT

Evening

• Stock futures fall following sell-off on Wall Street
  Reuters
• Asian stocks open lower as faith in global recovery slips
  Reuters
• Trump won't commit to peaceful transfer of power if he loses the election
  CNBC
• Economist Stephen Roach issues new dollar crash warning, sees double-dip recession odds above 50%
  CNBC
• China's slow consumption recovery upset by wary low-income households
  Reuters

Wednesday, September 23, 2020

Afternoon

• Wall Street closes lower on fears of a slowing economy
  Reuters
• Powell: Congress and Fed both need to 'stay with it' to bolster recovery
  Reuters
• U.S. business activity slows; house prices jump
  Reuters
• Coronavirus live updates: Dr. Fauci says vaccine availability might take time; just 42% of voters say they'll likely get it
  CNBC
• Fed’s Clarida Says Months of 2% Inflation Needed for Liftoff
  Bloomberg
• Powell Grilled by Congress on How Fed Is Helping Main Street
  Bloomberg
• U.S. Junk Bonds Set $329.8 Billion Sales Record Amid Yield Hunt
  Bloomberg
• Treasury Yields Would Jump on a Democratic Sweep, Goldman Says
  Bloomberg
• Booming U.S. Junk Bond Market Sees First Pulled Deal Since July
  Bloomberg

General

• Tech lifts stocks as poor data rekindles stimulus hopes
  Reuters
• Oil edges up to $42, eyeing Libya and U.S. inventories
  Reuters
• Economy doesn't need more stimulus for a V-shaped recovery, Trump advisor Kudlow says
  CNBC
• Mortgage demand from homebuyers now up 25% from a year ago
  CNBC
• China has no reason to approve 'dirty' TikTok deal: China Daily
  Reuters
• Japan factory activity struggles to recover as output falls - PMI
  Reuters
• China's online shopping growth stalls — a sign that economic recovery is slow
  CNBC
• Euro zone economic recovery in danger as services slide
  Reuters
• World powers clash, virus stirs anger at virtual UN meeting
  AP
• ECB Must Limit Emergency Powers to Temporary Crises, Mersch Says
  Bloomberg
• U.S.-China Rift Worries World Leaders at the United Nations
  WSJ
• Faltering Service Sector Weighs on Global Recovery as Infections Rise
  WSJ
• Pandemic politics: the rebound of Latin America’s populists
  FT
• How close is a coronavirus vaccine?
  FT

Tuesday, September 22, 2020

Afternoon

• Nasdaq, S&P 500 rise on Amazon boost; Dow under pressure
  Reuters
• Dollar rises after Fed's Evans comments on quantitative easing
  Reuters
• Powell, Mnuchin mull best way to boost aid to small businesses
  Reuters
• U.S. existing home sales approach 14-year high; prices scale record peak
  Reuters
• At U.N., Trump demands action against China over virus, Xi urges cooperation
  Reuters
• Coronavirus live updates: U.S. death toll tops 200,000 as cases jump in more than half of states
  CNBC

General

• Stocks Rise as Tech Gain Tempers Virus Woes: Markets Wrap
  Yahoo/Bloomberg
• China Sets Weaker Yuan Fix in First Sign Record Rally May Slow
  Yahoo/Bloomberg
• Dollar bounceback pauses, Aussie and Kiwi regain lost ground
  Reuters
• Supreme Court vacancy becomes rallying cry in final stretch of U.S. race
  Reuters
• Powell pledges the Fed's economic aid 'for as long as it takes'
  CNBC
• UK’s Johnson slams brakes on reopening as COVID cases surge
  AP
• COVID-19 vaccine verdicts loom as next big market risk
  Reuters
• Beijing unlikely to approve ByteDance's TikTok deal with Oracle: Global Times
  Reuters
• 'Work from home': Johnson starts shutting down Britain again as COVID-19 spreads
  Reuters
• Taiwan president praises 'heroic' pilots who intercepted Chinese jets
  Reuters
• Credit Nerves on Show as Junk Fund Sees Biggest Exodus in Months
  Bloomberg
• China Sets Weaker Yuan Fix in First Sign Record Rally May Slow
  Bloomberg
• China’s Xi Swipes at U.S. for Acting Like ‘Boss of the World’
  Bloomberg
• Laid-Off Workers Cut Spending, Hunt for Jobs as Extra Unemployment Benefits Run Out
  WSJ
• Jay Powell says US small businesses may need ‘direct fiscal support’
  FT
• Global stocks sink on fears of new Covid lockdowns
  FT

Evening

• Stock futures rise in overnight trading after S&P 500 posts 4-day losing streak
  CNBC
• Fed's Powell says central bank committed to using all tools to help recovery
  Reuters
• Trump says aides rejected his request to adjust value of dollar
  Reuters
• From a jumble of secret reports, damning data on big banks and dirty money
  ICIJ
• China's property developers seek to dodge new rules with shift of debt off balance sheets
  Reuters
• CBO Sees U.S. Federal Debt Almost Double Economy’s Size in 2050
  Bloomberg
• Illinois May Look More Like Junk as Pressure Rises, S&P Says
  Bloomberg

Monday, September 21, 2020

Afternoon

• Wall Street tumbles to seven-week low on virus fears, stimulus fog
  Reuters
• Global Markets: Traders shun risk as threat of lock-downs looms
  Reuters
• Investors brace for months of big market swings as virus, political worries loom
  Reuters
• Trump says he will name Supreme Court replacement for Ginsburg by Saturday
  Reuters
• Government debt rose at a 59% pace in Q2 amid effort to halt virus
  CNBC
• U.S. debt to hit nearly twice GDP by 2050, CBO says
  Reuters
• Government aid, stock market pushed second-quarter U.S. household net worth to pre-pandemic levels, Fed says
  Reuters
• Coronavirus live updates: CDC flips on airborne virus spread; millions in danger of missing stimulus checks
  CNBC
• Chinese leaders split over releasing blacklist of U.S. companies - WSJ
  Reuters
• Global banks seek to contain damage over $2 trillion of suspicious transfers
  Reuters
• Breakingviews - Money-laundering fight starts with transparency
  Reuters
• Oracle Deal for U.S. TikTok in Doubt After Trump, China Remarks
  Bloomberg

General

• Stocks Tumble Most Since July; Treasuries Rise: Markets Wrap
  Yahoo/Bloomberg
• Treasuries Rally After Jump in Virus Cases Risks Fresh Lockdowns
  Yahoo/Bloomberg
• Deutsche Bank, JPMorgan lead drop in financial shares amid report the banks moved suspicious funds
  CNBC
• Oil prices slip on potential Libyan output return, storm supports
  Reuters
• Trump to push ahead with Supreme Court nomination amid partisan battle
  Reuters
• Trump says he will name Supreme Court nominee Friday or Saturday, list down to 5
  CNBC
• More restrictions expected in Europe as coronavirus spreads rapidly and rattles markets
  CNBC
• UK heading for 50,000 coronavirus cases per day if no action is taken, government scientists warn
  CNBC
• S&P Global warns of new European sovereign-bank "doom loop"
  Reuters
• Many are chasing the stock market by day trading in the pandemic. It could end badly
  CNBC
• Explainer: Why is Taiwan-China tension rising and what are the risks?
  Reuters
• China air force video appears to show simulated attack on U.S. base on Guam
  Reuters
• Strategists’ Mood Darkens on U.S. Stocks as Headwinds Swirl
  Bloomberg
• Global Bank Crackdown Seen as Failing to Curb Suspect Dealings
  Bloomberg
• China’s Rejection of Taiwan Buffer Zone Raises Risk of Clash
  Bloomberg
• No Job, Loads of Debt: Covid Upends Middle-Class Family Finances
  WSJ
• Bonds Tied to Hotels, Retail Properties Struggle to Recover
  WSJ
• Americans Want Homes, but There Have Rarely Been Fewer for Sale
  WSJ
• Fresh Surge in U.S. Coronavirus Cases Is Feared as Death Toll Nears 200,000
  WSJ
• Coronavirus Pandemic Threatens to Widen Racial Homeownership Gap
  WSJ
• US Treasury market’s brush with disaster must never be repeated
  FT

Sunday, September 20, 2020

Evening

• Futures are flat as Wall Street tries to recover from 3-week losing streak
  CNBC
• California wildfire likely to grow from wind, low humidity
  AP
• European Central Bank to review bond-buying tool launched in response to pandemic - FT
  Reuters
• Oil refiners worldwide struggle with weak demand, inventory glut
  Reuters
• Banks Moved $2 Trillion, Defying Money Laundering Orders: ICIJ
  Bloomberg
• What It Would Take for Herd Immunity to Stop the Coronavirus Pandemic
  WSJ

General

• World’s Central Banks Adjust to Fed Three-Year Plan: Week Ahead
  Yahoo/Bloomberg
• If U.S. election winds up in Supreme Court, Ginsburg's death will loom large
  Reuters
• Powell Calling New Rate Road Map ‘Powerful’ Doesn’t Make It So
  Yahoo/Bloomberg
• India's coronavirus infections surge to 5.4 million
  Reuters
• Thai protesters challenge monarchy as huge protests escalate
  Reuters
• Italy sees GDP down 9% this year, rising more than 5% in 2021 - sources
  Reuters
• Taiwan president says drills show China is threat to region
  Reuters
• How California Became Ground Zero for Climate Disasters
  NYT
• Banks Pile Into Treasurys, Helping to Fund Government Borrowing Spree
  WSJ
• Global Trade Returns Faster Than Expected
  WSJ
• US and Middle East: strongmen contemplate post-Trump era
  FT
• Expect long-term economic scarring from Covid-19
  FT
• Leveraged ETP popularity brings gambling risk, experts warn
  FT

Saturday, September 19, 2020

General

• Wall Street Weekahead: Corporate debt frenzy rolls on as worries loom over markets
  Reuters
• Amid mourning for Ginsburg, fierce battle over U.S. Supreme Court looms
  Reuters
• AP Explains: What happens with the Supreme Court vacancy?
  AP
• The pandemic is driving millions of America's 'working poor' to the edge
  CNBC
• China announces regulations for ‘unreliable entity’ list
  AP
• China's economy remains resilient despite external risks, says Xi
  Reuters
• S&P revises Spain's outlook to negative on rising fiscal challenges
  Reuters
• Indonesia reports its biggest daily rise in coronavirus infections
  Reuters
• Underwater and on fire: US climate change magnifies extremes
  AP
• Forget the President. Senate May Matter More for Markets
  Bloomberg
• Goldman Says Options Market Pushing Election Risk to December
  Bloomberg
• Declaring 2020’s Winner Could Well Hinge on How Quickly States Count Mail Ballots
  WSJ
• Rising bankruptcy toll shows US oil patch is not ‘OK now’
  FT
• Trump’s TikTok dance: the politicisation of American business
  FT

Friday, September 18, 2020

General

• U.S. stocks are mixed after Dow snaps a 4-day winning streak
  CNBC
• Global stocks weighed down by virus angst, lack of stimulus
  Reuters
• Oil prices fall after Haftar signals Libya output to resume
  Reuters
• What are the Fed's new hurdles for rate hikes? Only the Fed knows
  Reuters
• Trump to block U.S. downloads of TikTok, WeChat on Sunday - officials
  Reuters
• Government mortgage bailout numbers improve slowly, but the real test is ahead
  CNBC
• Explainer: What happens next with UK plan to breach Brexit divorce treaty?
  Reuters
• Coronavirus live updates: Israel locks down again ahead of High Holidays; EU strikes vaccine deal with Sanofi, GSK
  CNBC
• Billionaire investor Ray Dalio on capitalism’s crisis: The world is going to change ‘in shocking ways’ in the next five years
  MarketWatch
• 'A Very Serious Situation': WHO Says Coronavirus Cases Are Rising In Europe Again
  NPR
• Nearly Half Of All Americans, Including Most Republicans, Say They Would Not Get Covid-19 Vaccine
  Forbes
• Taiwan scrambles jets as 18 Chinese planes buzz during U.S. visit
  Reuters
• Investors vent their frustration over Fed’s balance sheet inertia
  FT
• Why China’s recovery is not what it seems
  FT
• China cranks up tensions in Taiwan Strait as US diplomat visits Taipei
  FT