Wednesday News Links

[BloombergQ] Stocks Rally, Bonds Decline as Italy Concerns Fade: Markets Wrap

[Reuters] Italy renews attempt to form a government and end turmoil

[BloombergQ] Italy Banks Under Scrutiny as Messy Politics Prompts Downgrades

[Reuters] U.S. first-quarter growth revised down to 2.2 percent

[BondBuyer] ADP May jobs estimate below expectations; tough to find workers

[BloombergQ] Ross Embraces Populist Push to Make America Great With Tariffs

[Reuters] China vows to protect its interests from 'reckless' U.S. trade threats

[CNBC] Here's why markets are so scared of the latest Italian political drama

[Bloomberg] Italy's Establishment Faces Populist Onslaught With No Champion

[BloombergQ] Italy’s Credit Impulse Doesn’t Bode Well for the Economy: Chart

[BloombergQ] China's Economy Is Battling Slowdown, Earliest Indicators Show

[BloombergQ] Bond Traders’ Confidence in Fed Rate Path Crumbles Amid Turmoil

[BloombergQ] Crisis-Weary Central Banks Brace for Turmoil as Italy Implodes

[BloombergQ] Millions of U.S. Homeowners Still Under Water on Mortgages

[BloombergQ] U.S.-China Military Tensions Rise Ahead of Asia Security Forum

[FOX] US will continue to confront China over disputed islands, Mattis says

[NYT] Trump, Stung by Being Attacked as Soft on China, Pushes Ahead on Tariffs

[WSJ] U.S. Tariff Threat Could Scuttle Planned Trade Talks With China

[WSJ] Banks Hunting Growth Loosen Terms on Business Loans

[WSJ] Scarcity of Housing in Rural America Drives Worker Shortage

[WSJ] U.S. Moves Ahead on China Trade Curbs, Catching Beijing Off Guard

[WSJ] What to Make of Italy’s Astonishing Bond Selloff

[FT] Italy gives complacent investors a lesson in political risk

[FT] Markets remain unforgiving on populists’ debt diagnosis

[FT] Measuring ‘Quitaly’ risk is harder than it looks