Friday, March 27, 2020

Friday Evening Links

[CNBC] Dow drops more than 900 points on Friday, but still finishes higher for the week

[Reuters] Oil plunges posting fifth straight weekly loss despite stimulus efforts

[Reuters] Dollar posts biggest weekly fall since 2009

[CNBC] Trump signs $2 trillion coronavirus relief bill as the US tries to prevent economic devastation

[CNBC] House passes $2 trillion coronavirus stimulus bill, sends it to Trump

[CNBC] Coronavirus live updates: Italy death toll crosses 9,000, Congress green-lights relief bill

[Reuters] Coronavirus cases top half a million, protective gear lacking: WHO

[NPR] Experts Say The U.S. Needs A National Shutdown ASAP — But Differ On What Comes Next

[Reuters] Cash handouts and bond buying: $10 trillion-plus deployed against virus

[CNBC] Trump orders General Motors to make ventilators under Defense Production Act

[Reuters] Elevated Wall Street 'fear gauge' shows doubts about stock market rebound

[Reuters] Coronavirus aid deal is no panacea for coming U.S. state budget woes

[Reuters] Four passengers die on cruise ship with coronavirus outbreak off Panama

[WSJ] Federal Reserve Considering Additional Support for State, Local Government Finance

[FT] Fed’s big boost for BlackRock raises eyebrows on Wall Street

[FT] India’s sudden lockdown threatens food supply chains

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