Tuesday, March 31, 2020

Wednesday's News Links

[CNBC] Dow tumbles 800 points after market posts worst first quarter on record

[AP] Global stock markets skid as coronavirus infections soar

[Reuters] Oil prices mixed, U.S. inventory build-up heightens oversupply concerns

[CNBC] Coronavirus live updates: Virus hits spring home sellers, Spain suffers highest death toll yet

[Fast Company] This is Bill Gates’s 3-step plan for beating COVID-19

[CNBC] Treasury Secretary Mnuchin says he’s having ongoing discussions about infrastructure

[CNBC] US companies cut 27,000 jobs before the worst of the coronavirus shutdown hit, ADP report shows

[Reuters] Factory activity plunges as coronavirus shock deepens

[CNBC] Mortgage applications to buy a home plummet 24% annually as coronavirus slams spring housing

[Yahoo/Bloomberg] Fed Takes on Role of World’s Central Bank by Pumping Out Dollars

[Yahoo/Bloomberg] Jim Rogers Expects ‘Worst Bear Market in My Lifetime’ in Coming Years

[Reuters] Millions of small U.S. firms may tap coronavirus loan program on Friday

[CNBC] Private equity lobbyists were involved in the push for $500 billion coronavirus bailout fund

[Reuters] Japan on brink of emergency as coronavirus spreads: government spokesman

[Reuters] China factory activity shows minimal growth in March after plunge, still in virus grip

[Reuters] Japan's business mood hits 7-year low as virus revives deflation spectre

[Reuters] Gulf banks put brakes on lending as dollar liquidity crunch looms

[Bloomberg] Wall Street’s Bullish ‘Illusion’ Shattered by Bad-News Onslaught

[Bloomberg] Rogers, Gundlach Say the Worst of the Rout Has Yet to Come

[Bloomberg] Trump May Let Drillers Stash Glut of Oil in Federal Storage

[Bloomberg] Singapore Home Prices Fall Most in More Than Three Years

[NYT] Why the Global Recession Could Last a Long Time

[NYT] As Virus Hobbles Economy, Companies Race to Tap Credit and Raise Cash

[FT] Commercial paper market still creaking despite Fed measures

[FT] Developing countries scramble for funds to stave off virus impact

[FT] How central banks beat back the ‘bond vigilantes’ 

[FT] Will the coronavirus crisis rehabilitate the banks?

[FT] Private equity groups seek US small business rescue loans