Wednesday, March 4, 2020

Wednesday Evening Links

[Reuters] Dow, S&P 500 end more than 4% higher after Biden's Super Tuesday lead

[Reuters] Treasuries - U.S. 10-year yield rises above 1% as stocks strengthen

[Reuters] U.S. corporate bonds gain as risk appetite returns

[Reuters] Coronavirus hits New York, Los Angeles areas; U.S. Congress to provide emergency funds

[CNBC] Coronavirus live updates: South Korea reports 438 new cases, 3 additional deaths

[CNBC] Fed ‘Beige Book’ shows business worried about coronavirus and the election

[AP] Companies trim outlooks, travel and staff as virus spreads

[Reuters] Fragile safety net leaves U.S. economy vulnerable to coronavirus hit

[Yahoo] Bank of Canada cuts interest rate by 50 points to 1.25 per cent

[Bloomberg] Coronavirus Spread in China Slows Drastically But Doubt Remains

[Bloomberg] China Car Sales Drop Record 80% as Virus Empties Showrooms

[Bloomberg] Mortgage Lenders Are Hiring Like Mad to Handle Demand as Rates Plunge

[NYT] With Oil Prices Down 20%, OPEC Pushes for Stability

[WSJ] Coronavirus Spreads in California, New York State

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