Daily News Links

8603 posts

Friday, May 1, 2020

General

• Wall Street slides as Trump warns of new tariffs on China
  Reuters
• World stocks fall further after Trump's China tariff threat
  Reuters
• Chinese yuan falls on U.S. tariff threat, Australian dollar sinks
  Reuters
• Oil rises towards $27 as OPEC+ begins record cut
  Reuters
• Trump threatens new tariffs on China as U.S. mulls retaliatory action over virus
  Reuters
• Trump confident that coronavirus may have originated in Chinese lab
  Reuters
• U.S. manufacturing skids to 11-year low in April as orders sink: ISM
  Reuters
• Half of U.S. states easing coronavirus restrictions as jobless numbers grow
  Reuters
• Coronavirus live updates: Global cases top 3.2 million, major US airlines to require face coverings on flight
  CNBC
• ‘This Feels Very Different’
  NYT
• Trump Eyes Order to Block Savings Fund From Chinese Stocks
  Bloomberg
• The Pandemic’s Long-Term Pain Is Just Becoming Clear to Markets
  Bloomberg
• Homeowners Seeking Mortgage Payment Relief Pass 3.8 Million
  Bloomberg
• CLOs Risk Starring Role in This Recession When Default Wave Hits
  Bloomberg
• Fannie Mae Profit Falls 81% on Huge Virus-Related Expenses
  Bloomberg
• What the ECB Did Thursday—and Why Investors Were Disappointed
  WSJ
• Trump confident Covid-19 originated in Wuhan lab
  FT
• Top US official plays down Turkey’s prospects of securing dollar finance
  FT

Thursday, April 30, 2020

Evening

• Dow futures fall more than 100 points after Wall Street wraps up best month in three decades
  CNBC
• Fed's balance sheet at $6.7 trillion, but growth pace down sharply
  Reuters
• Trump harshly blames China for pandemic; a lab ‘mistake’?
  AP
• Apple reports flat revenue and does not offer guidance because of coronavirus uncertainty
  CNBC
• ‘If you’re a shareowner in Amazon, you may want to take a seat’ — Amazon reports earnings, plans to spend all Q2 profits on coronavirus response
  CNBC
• Coronavirus live updates: Global cases top 3.2 million, farmers forced to dump excess fruit and flowers
  CNBC
• Wells Fargo to stop granting home equity lines amid uncertainty: sources
  Reuters
• New York City’s subway system may turn to the Federal Reserve for a loan, meets bond investors Friday
  CNBC
• Trump says China either could not stop virus spread or let it spread
  Reuters
• Exclusive: Wells Fargo shifts energy bankers to focus on bankruptcies
  Reuters

Afternoon

• Wall St. caps best month in decades with broad sell-off
  Reuters
• Pelosi: state, local governments could need $1 trillion for coronavirus costs
  Reuters
• Fed expands 'Main Street' program to firms with up to 15,000 workers
  Reuters
• Coronavirus live updates: NYC pauses 24-hour subway service, funeral home blasted for storing corpses in vans
  CNBC
• Florida has overtaken California as the US jobless claims capital
  CNBC
• Mexico's Pemex posts massive $23.6 billion first quarter loss
  Reuters
• US mortgage rates at all-time lows; 30-year loan at 3.23%
  AP
• Germany wary of lifting lockdown, despite economic pain
  AP
• State Unemployment Funds Going Broke From Record Flood of Claims
  Bloomberg
• Junk-Bond ETFs Add Most Since 2015 on Fed’s Fallen-Angel Pledge
  Bloomberg
• Lockdown Isn’t Flattening India Virus Curve as in Italy or Spain
  Bloomberg
• Coronavirus Pushes Colleges to the Breaking Point, Forcing ‘Hard Choices’ about Education
  WSJ
• Record Contraction in Eurozone Bodes Ill for Global Economy
  WSJ
• Federal Reserve extends $600bn main street lending programme
  FT

General

• Wall Street slides after jobless claims data
  Reuters
• Oil prices rise on some signs of pick up in fuel demand
  Reuters
• US weekly jobless claims hit 3.84 million, topping 30 million over the last 6 weeks
  CNBC
• 30 million have sought US unemployment aid since virus hit
  AP
• U.S. Personal Spending Plummeted by a Record 7.5% in March
  Yahoo/Bloomberg
• Special Report: Trump told Saudis: Cut oil supply or lose U.S. military support - sources
  Reuters
• Coronavirus live updates: California to close beaches after weekend crowds, quarterly results reveal pressure
  CNBC
• European economy in record drop, central bank steps up aid
  AP
• China's April factory activity unexpectedly dips as export orders collapse - Caixin PMI
  Reuters
• Slowing global demand due to coronavirus hits China’s manufacturing sector in April, two sets of data show
  CNBC
• China's service sector activity expands at a faster pace in April - official PMI
  Reuters
• Biggest Banks Set Aside $66 Billion to Handle Bad Loans
  Yahoo/Bloomberg
• Energy demand set to fall the most on record this year amid coronavirus pandemic, IEA says
  CNBC
• Freddie Mac Earnings Plunge 88% on Expected Coronavirus Losses
  Yahoo/Bloomberg
• Exclusive: Trump says China wants him to lose his bid for re-election
  Reuters
• China says it 'expelled' U.S. Navy vessel from South China Sea
  NBC
• Italy Fell Into Deep Contraction Even Before Full Lockdown Hit
  Bloomberg
• Gold Soars in April as Top Central Banks Fight Pandemic’s Damage
  Bloomberg
• Mountain of Bad Loans Leaves Indonesian Banks Craving Stimulus
  Bloomberg
• Is This a Liquidity Crisis or a Solvency Crisis? It Matters to Fed
  WSJ
• Trump’s Trade Deal With China Is Another Coronavirus Victim
  WSJ
• Grim Jay Powell sets Federal Reserve up for the long haul
  FT
• ECB launches fresh push to lend to banks at ultra-low rates
  FT
• China faces wave of calls for debt relief on ‘Belt and Road’ projects
  FT
• Turkey digs in for currency battle
  FT

Wednesday, April 29, 2020

Evening

• Wall St. surges on promising coronavirus drug
  Reuters
• Dollar drops as Fed repeats vow to support economy
  Reuters
• Fed signals it will likely hold rates near zero for months
  AP
• Powell Warns of ‘Heartbreaking’ Harm of Virus, Fed Holds Rates
  Bloomberg
• Credit Rally Defies Rotten Fundamentals After Central Bank Buys
  Bloomberg
• A Wave of Bad Loans Could Swallow China's Banks
  Bloomberg
• Fannie-Freddie Escape Plan at Risk of Collapse in Mortgage Chaos
  Bloomberg
• Fed’s Powell Says More Spending Will Be Needed From Congress
  WSJ
• Miscalculation at Every Level Left U.S. Unequipped to Fight Coronavirus
  WSJ
• U.S. Borders to Remain Shut to Foreign Travelers as States Reopen
  WSJ
• Fed keeps rates close to zero during pandemic fallout
  FT
• Saudi central bank’s foreign assets fall by most in two decades
  FT

Afternoon

• Fed pledges to keep rates near zero until full employment, inflation come back
  CNBC
• Wall Street jumps on coronavirus drug hopes; Fed in focus
  Reuters
• Coronavirus live updates: Mnuchin holds $259 billion for Fed programs; Fauci calls drug trial data ‘good news’
  CNBC
• U.S. Treasury chief says reserving capital to add to Fed coronavirus lending programs
  Reuters
• Economists agree: No quick rebound from recession is likely
  AP
• U.S. nonprofits scramble for loans as need jumps, funds disappear
  Reuters
• Over 50% of malls with department stores are predicted to close by 2021, real estate services firm says
  CNBC
• Pandemic brings fortunes to Amazon - and headaches too
  AP
• Pompeo Says China Responsible for Outbreak, Must Detail Origin
  Bloomberg
• Worst Economy in a Decade. What’s Next? ‘Worst in Our Lifetime.’
  NYT
• Developing Countries Draw Down Reserves to Shield Currencies
  WSJ
• Auto Loans Are Running on Fumes
  WSJ
• Investors look to ECB for further stimulus after Italy downgrade
  FT
• The dangers of cramped coronavirus hotspots
  FT

General

• Dow surges more than 400 points as positive Gilead news lifts hope for coronavirus treatment
  CNBC
• Oil prices rise after smaller than feared U.S. inventories build
  Reuters
• US GDP shrank 4.8% in the first quarter amid biggest contraction since the financial crisis
  CNBC
• Weekly mortgage applications to buy a home make a strong recovery, as rates hit a new record low
  CNBC
• Federal Reserve likely to pledge support for ailing economy
  AP
• Coronavirus live updates: GE warns of Q2 financial hit, Russia approaches 100,000 cases
  CNBC
• Italian Bonds on Edge After Fitch’s Out-of-Cycle Downgrade
  Bloomberg
• Gilead reports ‘positive data’ on remdesivir coronavirus drug trial
  Reuters
• Emerging Market Central Banks Start Buying Bonds in Risky Shift
  Yahoo/Bloomberg
• Moody’s downgrades its outlook for several major African banking systems on coronavirus fears
  Reuters
• China Bets $600 Billion on Infrastructure to Revive Growth
  Bloomberg
• Germany Sees Output Shrinking 6.3% as Confidence Collapses
  Bloomberg
• The Quant Comeback Kids Are Buying American Stock Futures Again
  Bloomberg
• Lebanon Central Banker Defends Dollar Peg
  Bloomberg
• Fed Weighs Next Steps to Fortify Economy Shaken by Virus
  NYT
• Fed Expected to Pledge Aggressive Action as Economic Distress Worsens
  WSJ
• A Chinese Bank’s Billion-Dollar Oil Slick
  WSJ
• Wave of corporate defaults owes much to foolhardy share buybacks
  FT
• Unseen risks of commodity trade finance
  FT

Tuesday, April 28, 2020

Evening

• Wall Street down on flight from techs; move to value limits loss on Dow, S&P 500
  Reuters
• U.S. consumer confidence, exports sink amid coronavirus disruptions
  Reuters
• Coronavirus live updates: Dr. Fauci warns US could ‘be in for a bad fall,’ US cases near 1 million
  CNBC
• Italy economy minister says Fitch downgrade does not take account of EU, ECB decisions
  Reuters
• Brazil unemployment insurance claims jump as coronavirus impact hits
  Reuters
• Protester killed in Tripoli as Lebanon hit by unrest
  Reuters
• Note to Powell: Four Big Questions From Bond Markets This Week
  Bloomberg
• China’s Massive Banks Are Facing a $42 Billion Dividend Trap
  Bloomberg
• How China Is Attempting to Prevent a Second Wave of Infections
  Bloomberg
• China’s Factories Are Back. Its Consumers Aren’t.
  NYT
• ‘A Bargain With the Devil’—Bill Comes Due for Overextended Airbnb Hosts
  WSJ
• EU grants banks capital relief to fund €450bn lending boost
  FT

General

• Stocks add to Monday’s gains with Dow futures up more than 300 points
  CNBC
• Oil pares losses after falling more than 21% in early trading
  CNBC
• Coronavirus live updates: Stay-at-home stocking up boosts earnings, US cases near 1 million
  CNBC
• Home prices were gaining serious strength just before coronavirus shutdown, up 4.2% annually per Case-Shiller
  CNBC
• The Conference Board Consumer Confidence Index Weakened Significantly in April
  Yahoo
• Brazilians divided on impeachment of President Bolsonaro: poll
  Reuters
• Russia sees record rise in coronavirus cases, deaths
  Reuters
• No Junk Debt Is Too Risky: How Fed’s Bailout Changed Everything
  Bloomberg
• NYC Bondholders Pricing In Downgrades on Worst Crisis in Decades
  Bloomberg
• Virus Likely to Keep Coming Back Each Year, Say Top Chinese Scientists
  Bloomberg
• Australia Is Heading Into Its Deepest Downturn in Almost 100 Years
  Bloomberg
• Lira Defense Drains Reserves Faster Than Turkey Refills Them
  Bloomberg
• China Calls U.S. Trade Adviser Navarro ‘Liar’ on Hoarding Claim
  Bloomberg
• Pandemic Triggers a Wave of Distress, Bankruptcy in Corporate America
  WSJ
• Companies Are Suspending Dividends at Fastest Pace in Years
  WSJ
• Junk Bonds Bounce Back, Raising Hopes—and Concerns
  WSJ
• Five things to watch at the Federal Reserve meeting this week
  FT
• Why China’s smaller businesses are struggling to access credit
  FT
• The self-destruction of the ‘Tropical Trump’
  FT

Monday, April 27, 2020

Evening

• U.S. stocks advance as some states reopen for business
  Reuters
• U.S. oil price drops nearly 25% to finish below $13 a barrel
  MarketWatch
• U.S. Fed extends help to smaller cities and counties
  Reuters
• The Fed won’t move on rates this week, but here are some other things it could do
  CNBC
• U.S. Senate Republican leader sees further aid for states, cities
  Reuters
• Coronavirus breaks the food supply chain
  AXIOS
• Coronavirus live updates: Texas to lift restrictions this week, SF extends shelter in place through May
  CNBC
• Virus is expected to reduce meat selection and raise prices
  AP
• Nearly 7% of U.S. mortgage borrowers receiving payment relief, industry survey shows
  Reuters
• Digital-ad downturn may complicate life for Google, Facebook
  AP
• Is Brazil the next big hot spot as other nations ease up?
  AP
• China’s biggest bank halts investment in products linked to oil
  FT
• Fed Will Broaden Municipal Lending Program Eligibility
  WSJ
• The Reach for Yield Survives Coronavirus Market Shock
  WSJ

Afternoon

• Wall Street gathers steam as U.S. states prepare to reopen
  Reuters
• Questions swirl as Fed meets amid deepening economic crisis
  AP
• Coronavirus live updates: New poll finds outsized impact in New Jersey, governor warns of ‘Armageddon’ scenario
  CNBC
• China asks banks to halt new sales of products that may lead to unlimited losses: sources
  Reuters
• Trump slams cities, states seeking U.S. aid to offset coronavirus losses
  Reuters
• NJ governor says the state needs more federal assistance to avoid an ‘Armageddon’ scenario
  CNBC
• Brazil economic outlook darkens as Citi predicts 'worst annual contraction ever'
  Reuters
• Global coronavirus cases pass three million as lockdowns begin to ease
  Reuters
• Major US meat producer warns 'food supply chain is breaking'
  UK Guardian
• Oil ETF Wreaks Havoc on Crude Market in Wake of Sub-Zero Prices
  Bloomberg
• The Federal Reserve Is Changing What It Means to Be a Central Bank
  WSJ

General

• Shares jump as investors cheer lockdown easing, more stimulus
  Reuters
• Oil plunges 25%, extending recent losses as storage fills
  CNBC
• U.S. dollar falls as lockdowns ease and traders turn less averse to risk
  Reuters
• Italian government bonds rally on S&P ratings relief
  Reuters
• Coronavirus live updates: Ex-FDA chief still sees ‘pervasive spread’ in US, VW restarts production
  CNBC
• BOJ ramps up risky asset buying, pledges unlimited bond buying
  Reuters
• Bank of Japan expands stimulus again as pandemic pain deepens
  Reuters
• Bank of Japan Ramps Up Stimulus With Pledge for Unlimited Bond Buying
  Yahoo/Bloomberg
• A flood of business bankruptcies likely in coming months
  AP
• Apple to delay mass production of 2020 flagship iPhones: WSJ
  Reuters
• Brazil consumer, business confidence slumps to lowest on record -FGV
  Reuters
• Bank of Japan Ramps Up Stimulus With Pledge for Unlimited Bond Buying
  Bloomberg
• China’s Biggest Bank Halts Retail Products in Commodities
  Bloomberg
• Rich Asians Feel Pain on $10 Billion of Bond Bets After Crash
  Bloomberg
• Pandemic Triggers a Wave of Distress, Bankruptcy in Corporate America
  WSJ
• U.S. Debates How Quickly It Can Reopen
  WSJ
• Bank of Japan steps up coronavirus stimulus with bond-buying pledge
  FT
• Fed under pressure to be clearer on coronavirus outlook
  FT
• Bank of Japan to tighten grip on corporate bond market
  FT
• Coronavirus deepens frustrations of young in Middle East
  FT

Evening

• Asia shares edge ahead, eyes on BOJ easing
  Reuters
• Stock futures fall as oil declines, traders weigh prospects of re-opening the economy
  CNBC
• Oil futures open lower in electronic trading
  Reuters
• U.S. economy faces historic shock, with 16% joblessness possible: Trump adviser
  Reuters
• Coronavirus live updates: Singapore reports 931 new cases, global numbers above 2.9 million
  CNBC
• Diamond Offshore files for bankruptcy, citing 'price war,' coronavirus
  Reuters
• New York City needs $7.4 billion in federal aid amid coronavirus: mayor
  Reuters
• Goldman Says Narrow Breadth in S&P 500 a Bad Sign for Stocks
  Yahoo/Bloomberg
• China’s Bank Bailouts Are Even Scarier Than They Look
  Bloomberg
• World’s Biggest Wheat Supply Dries Up When Some Want It Most
  Bloomberg
• Contagion Risks Build in India’s Credit Market After Fund Freeze
  Bloomberg
• Large, Troubled Companies Got Bailout Money in Small-Business Loan Program
  NYT
• Coronavirus Means the Era of Big Government Is…Back
  WSJ
• Asia’s emerging markets brace for economic fallout of coronavirus
  FT
• ECB predicted to beef up asset purchases with shift into ‘junk’ bonds
  FT

Sunday, April 26, 2020

General

• U.S. response to virus splinters into acrimony and uncertainty
  Reuters
• Coronavirus live updates: China says all Wuhan patients have been discharged, Russia cases top 80,000
  CNBC
• World’s Biggest Central Banks Meet as Pressure Mounts to Do More
  Yahoo/Bloomberg
• When oil became waste: a week of turmoil for crude, and more pain to come
  Reuters
• With Kim Jong Un’s health uncertain, focus shifts to powerful sister Kim Yo Jong
  NY Post
• The Next Chapter of the Oil Crisis: The Industry Shuts Down
  Bloomberg
• Coronavirus Disrupted Supply Chains That Companies Are Still Fixing
  WSJ
• People Were Leaving New York City Before the Coronavirus. Now What?
  WSJ
• As Coronavirus Cases Climbed, Private-Equity-Owned Hospital Faced Closure
  WSJ
• Will central banks serve up fresh stimulus?
  FT

Saturday, April 25, 2020

General

• U.S. deficit could quadruple to $3.7 trillion in coronavirus crisis: CBO
  Reuters
• Trump pulls punches and clings to his China trade deal as backlash against Beijing grows
  CNBC
• Coronavirus live updates: WHO warns about reinfection, US cases top 900,000
  CNBC
• Exclusive: China sent team including medical experts to advise on North Korea’s Kim
  Reuters
• Kim Jong Un in 'vegetative state', Japanese media claims; China medical experts dispatched to North Korea
  Fox News
• Here’s Where $881 Billion in U.S. Aid Went in Month of Spending
  Yahoo/Bloomberg
• U.S. Reels Toward Meat Shortages and the World May Be Next
  Yahoo/Bloomberg
• ‘Scary,’ ‘visceral,’ ‘unprecedented’: Traders describe oil’s wild week and fall to negative prices
  CNBC
• Oil ETPs: the perils of trading crude like a stock
  Reuters
• "No evidence" that recovered COVID-19 patients cannot be reinfected: WHO
  Reuters
• Bond Investors Count on ECB Stepping Up Buying, for Italy’s Sake
  Bloomberg
• The 20 Minutes That Broke the U.S. Oil Market
  Bloomberg
• Stock Fire Sales of the Crisis Era Haunt Equity Bulls
  Bloomberg
• Reopening Has Begun. No One Is Sure What Happens Next.
  NYT
• Coronavirus Projected to Trigger Worst Economic Downturn Since 1940s
  WSJ
• Millions of Credit-Card Customers Can’t Pay Their Bills. Lenders Are Bracing for Impact.
  WSJ
• The costs of fighting this crisis will be with us for years
  FT