Wednesday's News Links

[Reuters] Stocks surge after Biden's resurgence in Democratic primaries

[Reuters] Oil rises $1 as OPEC, allies work on big output cut

[CNBC] Coronavirus live updates: Italy weighs school closures, Chinese scientists find two strains of virus

[AP] Fed’s Powell faces a puzzling crisis with no simple solution

[Reuters] Italian govt to close schools, universities to contain coronavirus -Ansa

[Reuters] Coronavirus has spread to nearly all Iran provinces: president

[CNBC] Private payrolls up 183,000 as hiring shows no signs of coronavirus scare

[CNBC] Weekly mortgage refinances spike 26% as interest rates tank on coronavirus fears

[Reuters] China reports dwindling new cases, pivots to control risk from overseas

[ABC] China Car Sales Plummet 80 Percent Amid Coronavirus Crisis

[Reuters] Thousands wait for hospital beds in South Korea as coronavirus cases surge

[Reuters] Amazon confirms first coronavirus case among U.S. employees

[Reuters] Bank of Japan's Kuroda offers bleak view on economy, warns of damage from coronavirus

[Bloomberg] Gold Handed a Win With Powell’s Cut Hammering Treasury Yields

[WSJ] China Opens a Coronavirus Bond Spigot, and Companies Rush In

[FT] US Fed’s coronavirus rate cut is first move in a dance with markets

[FT] The seeds of the next debt crisis

[FT] Coronavirus raises the risk of real trouble in corporate bonds

[FT] China and Hong Kong PMI readings fall to record low 

[FT] Coronavirus exposes cracks in south-east Asia economies 

[FT] China’s stranded workers drag down virus-stricken economy

Tuesday Evening Links

[Reuters] Asian shares struggle for traction as Fed cut fails to lift confidence

[Reuters] S&P cuts U.S. growth forecast again as virus spreads

[Reuters] Japan services sector activity shrinks on coronavirus hit: PMI

[Reuters] Debt sales make a comeback after coronavirus shut-down

[CNBC] Dow drops 700 points even after Fed slashes rates to combat coronavirus

[Reuters] Gold soars over 3% after U.S. Fed's emergency rate cut

[Reuters] 10-year Treasury yield falls to all-time low after Powell press conference

[CNBC] Powell says the Fed saw ‘a risk to the outlook for the economy and chose to act’

[Reuters] Fed's emergency rate cut spooks Wall Street

[CNBC] Trump demands ‘more easing and cutting’ after Fed slashes rates amid coronavirus outbreak

[Reuters] U.S. coronavirus cases top 100, second patient confirmed in New York state

[CNBC] Coronavirus live updates: US cases rise to 108, Fed cuts rates on outbreak risk

[CNBC] Top CDC official tells Congress coronavirus almost qualifies as a global pandemic

[CNBC] Fed is a ‘fish out of the water’ in fight against coronavirus, former Morgan Stanley chief economist says

[Reuters] Turkey, Russia face off in Syria as fighting escalates, plane shot down

[Bloomberg] Scott Minerd Says Markets at ‘Moment of Truth’ After Emergency Fed Cut

[Bloomberg] Shadow Banks in India Face Their Biggest Funding Test Yet

[NYT] Fed Slashes Interest Rates in Emergency Move as Coronavirus Fears Mount

[NYT] Global Health Crisis 1, Economic Policymakers 0

[WSJ] A Misplaced Faith in the Power of Central Banks

[WSJ] Coronavirus Delivers Jolt to Sleepy Currency Markets

[WSJ] For Growing Numbers of Struggling U.S. Cities, the Downturn Has Arrived