Thursday, March 26, 2020

Friday's News Links

[Reuters] Stocks fall after three-day surge as virus fears grow

[Reuters] European shares fall as investors take stock of spreading virus

[Reuters] Oil mixed on stimulus hopes and demands fears

[Reuters] British PM Boris Johnson self-isolates after testing positive for coronavirus

[CNBC] Coronavirus live updates: Xi calls for global coordination, China suspends entry for most foreigners

[Reuters] Spain's coronavirus death toll rises by 769 overnight to 4,858

[AP] Coronavirus deals one-two financial punch to state budgets

[Reuters] G20 leaders to inject $5 trillion into global economy in fight against coronavirus

[Reuters] U.S. banks borrow at discount window after Fed offers stigma relief

[Reuters] U.S. increases support for Taiwan in recognition battle with China

[Bloomberg] Oil Pain Spreads Beyond Permian to Small Towns Across America

[Bloomberg] Echoes of 1997 Asia Financial Crisis Haunt Region’s Debt Market

[Bloomberg] The Second Virus Shockwave Is Hitting China’s Factories Already

[Bloomberg] Fearing Next Wave, China Doesn’t Want Its Diaspora Coming Back

[WSJ] Mnuchin Forms Task Force on Mortgage Firms’ Cash Crunch

[FT] Hidden infections challenge China’s claim coronavirus is under control

Thursday Evening Links

[Yahoo/Bloomberg] Federal Reserve’s Balance Sheet Tops $5 Trillion for First Time

[CNBC] Dow rallies more than 1,300 points, capping its biggest 3-day surge since 1931

[Reuters] Oil sheds more than $1 as weakening demand outweighs stimulus hopes

[The Hill] Exclusive: Top CDC official warns New York's coronavirus outbreak is just a preview

[Reuters] New York, New Orleans hospitals reel as U.S. coronavirus death toll tops 1,000

[NY Post] NYC doctors say coronavirus is worse than 9/11: ‘There’s no escaping this’

[Reuters] U.S. home healthcare industry warns of possible 'collapse'

[Reuters] Exclusive: U.S. prepares crackdown on Huawei's global chip supply - sources

[Bloomberg] High-Grade Bond Funds Shed $38 Billion, Extending Record Exodus

[NYT] How the Fed’s Magic Money Machine Will Turn $454 Billion Into $4 Trillion

[NYT] Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package

[WSJ] U.S., China Trade Blame for Coronavirus, Hampering Global Economy Rescue

[FT] US overtakes China for most confirmed coronavirus cases

Thursday Afternoon Links

[Reuters] Wall Street rallies as job losses stir talk of more stimulus

[Reuters] Gold jumps as record high U.S. jobless claims fuel stimulus hopes

[FXLive] WTI crude oil extends daily loss to 7%

[Reuters] Pelosi expects bipartisan House vote for $2 trillion coronavirus bill Friday

[CNBC] Coronavirus live updates: Market takes US job losses in stride as global cases near 500,000

[CNBC] New York coronavirus cases soar to 37,258 as state scrambles for ventilators

[CNBC] Cuomo says ‘reckless’ $2 trillion coronavirus bill fails to help New York’s revenue loss

[Reuters] U.S. banks to score accounting, capital relief in $2 trillion rescue package

[CBC] China prepares to close borders to foreigners, fearing 2nd wave of COVID-19

[CNBC] The coronavirus may be deadlier than the 1918 flu: Here’s how it stacks up to other pandemics

[Yahoo] US virus deaths may top 80,000 despite confinement: study

[CNBC] Bond market pricing ‘hasn’t recognized the new reality.’ Here’s why that’s an issue for bond ETFs

[Reuters] Canada triples potential mortgage securities buying to C$150 billion

[Bloomberg] S&P, Moody’s Cut Credit Grades at Fastest Pace Since 2008 Crisis

[Bloomberg] ECB Steps Up ‘Whatever It Takes’ Fight to Save Euro Area

[WSJ] China Is Open for Business, but the Postcoronavirus Reboot Looks Slow and Rocky

[FT] Why the US Federal Reserve turned again to BlackRock for help