Tuesday's News Links

[Reuters] Wall St. dips as U.S.-China tensions heat up over TikTok

[Reuters] World shares hit five-month high; mixed earnings knock European shares

[AP] ‘A line in the sand’: Both sides dig in on virus relief bill

[CNBC] Chinese state media slams U.S. as a ‘rogue country’ for its planned ‘smash and grab’ of TikTok

[CNBC] Home prices see strong June bounce, but economists warn it likely won’t last

[Reuters] White House adviser Navarro suggests Microsoft divest China holdings

[CNBC] Coronavirus live updates: Regeneron reports positive results for antibody drug; WHO explores virus origin in China

[Reuters] Local governments ‘overwhelmed’ in race to trace U.S. COVID contacts

[AP] Wave of evictions expected as moratoriums end in many states

[Reuters] U.N. chief warns world facing 'generational catastrophe' on education

[Reuters] China to retaliate if U.S. forces out Chinese journalists: Global Times editor

[Reuters] Turkish annual July inflation dips below 12%, lira firms

[SCMP] Xiao Jianhua’s Tomorrow Group duped Baoshang Bank out of US$22 billion in loans, triggering Chinese lender’s collapse, PBOC says

[Bloomberg] Turkish Stocks Slump to Lowest Since May on Lira Concerns

[Bloomberg] ‘Too Big to Fail’ Is the New Mantra for Bulls in Stock Market

[Bloomberg] The Fed’s Stocks Policy Is Exuberantly Asymmetric

[Bloomberg] Riskiest U.S. Junk Bonds Exit Distress, Back to Pre-Covid Levels

[WSJ] Beleaguered Public Pension Funds Make Record Gains in Second Quarter

[WSJ] Argentina Nears $65 Billion Restructuring Deal With Bondholders

[FT] Virus resurgence could plunge emerging economies into debt crisis, warns IMF