Wednesday's News Links

[CNBC] Dow tumbles 800 points after market posts worst first quarter on record

[AP] Global stock markets skid as coronavirus infections soar

[Reuters] Oil prices mixed, U.S. inventory build-up heightens oversupply concerns

[CNBC] Coronavirus live updates: Virus hits spring home sellers, Spain suffers highest death toll yet

[Fast Company] This is Bill Gates’s 3-step plan for beating COVID-19

[CNBC] Treasury Secretary Mnuchin says he’s having ongoing discussions about infrastructure

[CNBC] US companies cut 27,000 jobs before the worst of the coronavirus shutdown hit, ADP report shows

[Reuters] Factory activity plunges as coronavirus shock deepens

[CNBC] Mortgage applications to buy a home plummet 24% annually as coronavirus slams spring housing

[Yahoo/Bloomberg] Fed Takes on Role of World’s Central Bank by Pumping Out Dollars

[Yahoo/Bloomberg] Jim Rogers Expects ‘Worst Bear Market in My Lifetime’ in Coming Years

[Reuters] Millions of small U.S. firms may tap coronavirus loan program on Friday

[CNBC] Private equity lobbyists were involved in the push for $500 billion coronavirus bailout fund

[Reuters] Japan on brink of emergency as coronavirus spreads: government spokesman

[Reuters] China factory activity shows minimal growth in March after plunge, still in virus grip

[Reuters] Japan's business mood hits 7-year low as virus revives deflation spectre

[Reuters] Gulf banks put brakes on lending as dollar liquidity crunch looms

[Bloomberg] Wall Street’s Bullish ‘Illusion’ Shattered by Bad-News Onslaught

[Bloomberg] Rogers, Gundlach Say the Worst of the Rout Has Yet to Come

[Bloomberg] Trump May Let Drillers Stash Glut of Oil in Federal Storage

[Bloomberg] Singapore Home Prices Fall Most in More Than Three Years

[NYT] Why the Global Recession Could Last a Long Time

[NYT] As Virus Hobbles Economy, Companies Race to Tap Credit and Raise Cash

[FT] Commercial paper market still creaking despite Fed measures

[FT] Developing countries scramble for funds to stave off virus impact

[FT] How central banks beat back the ‘bond vigilantes’ 

[FT] Will the coronavirus crisis rehabilitate the banks?

[FT] Private equity groups seek US small business rescue loans

Tuesday Evening Links

[CNBC] Dow futures fall more than 200 points after market posts worst first quarter on record

[CNBC] White House predicts 100,000 to 240,000 will die in US from coronavirus

[Reuters] Trump warns Americans of a tough two weeks in coronavirus fight

[Reuters] U.S. small-business coronavirus loans could see millions of applications: officials

[Bloomberg] Gundlach Says Stocks to Fall Beyond Lows Reached in March

[Bloomberg] Food Security Fears Starting to Threaten Rice Exports in Asia

[NYT] How Powell and Mnuchin Became the Duo in Charge of Saving the Economy

[WSJ] U.S. Braces for Surge in Coronavirus Patients

[FT] The Federal Reserve unshackled

[FT] Bond manager seeks waiver to avoid fire sale of junk bonds

Tuesday Afternoon Links

[CNBC] Dow drops 400 points as stocks close out their worst first quarter ever

[Reuters] Oil ends March with biggest monthly and quarterly losses ever

[Reuters] Trump calls for $2 trillion infrastructure bill to help economy during coronavirus crisis

[CNBC] Gov. Cuomo says coronavirus is ‘more dangerous’ than expected as New York cases jump 14% overnight to 75,795

[CNBC] Coronavirus live updates: New York cases jump to over 75,000 as ambulances, trucks and paramedics are sent to NYC

[CNBC] New York state just surpassed China’s Hubei province for reported coronavirus cases

[Reuters] With hospitals under siege, U.S. to build hundreds of temporary coronavirus wards

[Reuters] 'Sailors do not need to die,' warns captain of coronavirus-hit U.S. aircraft carrier

[Reuters] Cash-starved Latam companies rush for credit as govt help lags

[Bloomberg] Trump Dusts Off Infrastructure Ideas, Urges $2 Trillion Spending

[Bloomberg] Italy and Spain Point to Covid-19’s Staggering Oil-Demand Hit

[WSJ] The Oil Glut Is Getting Critical

[FT] Banks say Fed rescue threatens mortgage hedging strategies