Wednesday, March 25, 2020

Wednesday Evening Links

[CNBC] Dow jumps more than 2%, posts first back-to-back gain since February

[CNBC] Negative rates come to the US: 1-month and 3-month Treasury bill yields are now negative

[CNBC] Coronavirus live updates: Hundreds flood NYC hospital ICU, ERs; global cases top 466,000

[Yahoo/Bloomberg] World’s Rich Struggle to Get Hold of Gold in ‘Crazy’ Moment

[CNBC] New York City hospitals are nearly ‘maxed out,’ former FDA chief says

[Reuters] Bolsonaro calls Brazil coronavirus lockdown a 'crime', faces backlash

[Free FT] Draghi: We face a war against coronavirus and must mobilise accordingly

[Reuters] Absorb shock now or face permanent destruction, Draghi warns: FT

[Bloomberg] Distressed Debt Balloons to Almost $1 Trillion, Nears 2008 Peak

[Bloomberg] Oil’s 60% Crash Is the Tip of an Iceberg. The Reality Is Worse

[Bloomberg] Gold Coins Have Never Sold at a Premium This High for This Long

Wednesday's News Links

[Reuters] Stocks rebound passes 10% after $2 trillion U.S. stimulus boost

[The Hill] White House, Senate reach deal on $2 trillion stimulus package

[Reuters] U.S. Congress, negotiators reach deal on $2-trillion coronavirus aid package

[CNBC] Coronavirus live updates: Prince Charles tests positive, Target withdraws forecast

[Reuters] Coronavirus sweeps across New York, California fears it could be next

[CNBC] US durable goods orders rose 1.2% in February, vs 0.8% drop expected

[CNBC] Weekly mortgage applications tank 29% as coronavirus sidelines homebuyers

[NY Post] Coronavirus stimulus package to exceed $6T, Larry Kudlow says

[Reuters] Bank of Japan sees deeper economic pain, even after emergency easing

[Bloomberg] Worldwide Dollar Crunch Raises Red Flags in Asia Debt Market

[Bloomberg] Chinese Firms Either Fine or In Trouble, Depending Where You Are

[WSJ] Loss Rate on Banks’ Real-Estate Loans Expected to Soar

[WSJ] Look to Japan for Potential Emergency Moves From the Fed

[FT] US shale bust wrecks hopes for energy independence

[FT] Dash for cash: companies draw $124bn from credit lines

[FT] The liquidity ‘doom loop’ in bond funds is a threat to the system

[FT] More Reits warn they are unable to meet cash calls

[FT] Scientists hopeful warmer weather can slow spread of coronavirus