Monday, March 23, 2020

Monday Evening Links

[CNBC] Dow futures rise more than 200 points as Senate haggles over virus bill

[CNBC] Japan stocks jump almost 4% as Fed ramps up stimulus measures

[CNBC] No more votes expected Monday after Senate coronavirus stimulus bill fails again

[CNBC] Coronavirus live updates: US cases top 43,000, Florida institutes New York and New Jersey travel rules

[Axios] U.K. Prime Minister Boris Johnson orders nationwide lockdown

[CNBC] CDC says coronavirus survived in Princess Cruise ship cabins for up to 17 days after passengers left

[Bloomberg] Quants Are Liquidating Stock Exposures at Fastest Pace on Record

[Bloomberg] Mortgage Industry Proposes Plan for One-Year Payment Deferrals

[NYT] The Fed’s Message: The Money-Printing Presses Are Fired Up and Ready to Go

[WSJ] Fed Unveils Major Expansion of Market Intervention

[FT] Federal Reserve’s full firepower fails to arrest slide in markets

[FT] The Federal Reserve has gone well past the point of ‘QE infinity’

Monday Afternoon Links

[CNBC] Dow sheds another 3% after coronavirus stimulus bill fails in Senate for a second time

[CNBC] Coronavirus stimulus bill blocked again in Senate as talks continue

[Reuters] U.S. credit spreads narrow after unprecedented Fed stimulus

[Reuters] Brent crude extends fall as coronavirus shutdowns sap demand

[CNBC] House Democrats to introduce a coronavirus stimulus plan Monday as Senate bill stalls

[CNBC] Coronavirus live updates: Schumer says deal is close on stimulus bill, US mayors ask for protective equipment ‘now’

[CNBC] Talks on coronavirus stimulus bill continue, vote pushed to noon

[CNBC] New York coronavirus cases surge 38% overnight to 20,875

[CNBC] This was the fastest 30% sell-off ever, exceeding the pace of declines during the Great Depression

[Reuters] Germany launches 750 billion euro package to fight coronavirus

[Reuters] Italy's coronavirus deaths slow, offering glimmer of hope

[AP] Over 1.5 billion globally asked to stay home to escape virus

[CNBC] Here’s everything the government has done to limit the economic destruction of coronavirus

[Bloomberg] Stay-Home Decrees Crush Small Business, Erasing Millions of Jobs

[Bloomberg] ECB Buys Most Bonds Since 2017, Even Before Latest Increase

[WSJ] Bond Markets Embrace Fed’s Latest Debt-Buying Programs

[WSJ] Mortgage Firm Struggles to Meet Margin Calls as Market Turmoil Continues

[WSJ] As Economic Toll Mounts, Nation Ponders Trade-Offs

[FT] ‘Great liquidity crisis’ grips system as banks step back

Monday's News Links

[CNBC] Stocks fall even after Fed pledges unlimited asset purchases and Mnuchin says stimulus deal is close

[Reuters] Stocks crumble as more nations shut for business to curb virus

[Reuters] Treasuries - Yields tick up after Fed announces unprecedented stimulus

[Reuters] Oil reverses losses, jumps 4% after Fed promises aggressive asset purchases to support markets

[CNBC] The Federal Reserve just pledged asset purchases with no limit to support markets

[Reuters] Fed takes aggressive new steps to combat coronavirus hit to economy

[AP] Federal Reserve to lend up to $300B to businesses, cities

[CNBC] Mnuchin says Congress is ‘very close’ to a stimulus agreement and must get it done ‘today’

[Reuters] Coronavirus relief bill hits snag in U.S. Senate, talks continue

[CNBC] Coronavirus live updates: Deaths in Spain surge, broad testing ‘weeks if not months’ away

[Reuters] A Fed 'bailout' for Main Street? Speed, collateral stand in the way

[Reuters] Much more serious than the 2008 crisis, former BoE Governor King says

[Reuters] Wealth managers rein in leverage as clients battle markets downturn-sources

[CNN] Millions in India under coronavirus lockdown as major cities restrict daily life

[Bloomberg] Fed Ready for Unlimited QE and Aid for Companies, Municipalities

[Bloomberg] Mortgage Bond Sales Flood Market Amid Pleas for U.S. Help

[Bloomberg] Rupee Sinks to Record With Stocks as India Heads for Lockdown

[Bloomberg] Spat Between China Diplomats Signals Internal Split Over Trump

[NYT] The U.S. Needs China’s Masks, as Acrimony Grows

[WSJ] Federal Reserve Unveils Major Expansion of Market Supports

[WSJ] Bond ETFs Flash Warning Signs of Growing Mismatch

[FT] Turmoil means delicate dance between hedge funds and brokers

[FT] Nationalism is a side effect of coronavirus

[FT] Gold bars in short supply due to coronavirus disruption