Thursday, March 5, 2020

Thursday Evening Links

[Reuters] Wall Street drops over 3% on virus fears, travel shares slammed

[Reuters] Gold jumps 2% as virus fears put premium on safety

[CNBC] Coronavirus cases in New York doubled overnight, as Gov. Cuomo confirms 11 new infections

[Reuters] OPEC backs biggest oil cut since 2008 crisis, awaits Russia

[Reuters] Coronavirus' shadow looms over emerging market currencies

[Reuters] Unshackled by EU, countries have fiscal freedom to fight coronavirus

[NYT] ‘Almost Without Precedent’: Airline Industry Hit Hard by Coronavirus

[Bloomberg] Muni-Bond Yields Jump Over Treasuries for First Time Since 2016

Thursday's News Links

[Reuters] Stocks plunge on virus fears as California declares emergency

[Reuters] Oil rises as OPEC backs deeper supply cuts

[AP] US productivity increases at 1.2% rate in fourth quarter

[CNBC] Coronavirus live updates: South Africa confirms first case, US to order more masks

[Reuters] Washington state urges patience as Covid-19 test delays stoke anger

[Reuters] California declares emergency over coronavirus as death toll rises in U.S.

[CBS5] Coronavirus Fears Keeps Grand Princess In Limbo Off California Coast

[CNN] Cruise ship is held off at sea after California man dies from coronavirus less than 2 weeks after his trip

[Reuters] South Korea declares new 'special care zone' as coronavirus spreads

[AFP] Coronavirus: US banks ready disaster plans: sources

[Reuters] U.S. to 'redouble' efforts to ensure Taiwan's global participation, official says

[Bloomberg] Trichet Says Coordinated Rate Cut Would Have Risked Panic Effect

[Bloomberg] India Steps in to Rescue Lender Hammered by Shadow Bank Crisis

[NYT] A Global Outbreak Is Fueling the Backlash to Globalization

[WSJ] Analysis: Why the Fed Is Likely to Cut Again