Monday, April 6, 2020

Monday Evening Links

[Reuters] Asian shares poised to climb after Wall Street rallies

[CNBC] Coronavirus live updates: Asia stocks jump on hopes of slowing virus spread, Boris Johnson in intensive care

[Reuters] U.S. banks grapple with system glitches, paperwork snags as small-business program ends fourth day

[Reuters] Trump says considering second round of direct payments to Americans

[Reuters] Japan PM Abe says fiscal spending under stimulus plan to total 39 trillion yen: Jiji

[Reuters] S&P lowers Brazil outlook to 'stable,' but door still open to upgrade

[Bloomberg] Welcome to the $1.5 Trillion Minefield of Defaulted Chinese Debt

[NYT] Federal Reserve Moves to Pump Up Small Business Lending

[WSJ] Credit Markets Show Signs of Stabilizing After Historic Fed Intervention

[FT] Christine Lagarde’s $810 Billion Coronavirus U-Turn Came in Just Four Weeks

Monday Afternoon Links

[Reuters] Wall Street surges on hopes of slowing coronavirus deaths

[CNBC] Gold is back above $1,700. Charts suggest an even bigger rally

[Reuters] Oil falls after Saudi Arabia, Russia delay meeting, Cushing stockpiles soar

[Reuters] UK PM Johnson moved to intensive care as COVID-19 symptoms worsen

[Reuters] Fed says it will provide financing against new U.S. 'payroll protection' loans

[CNBC] Coronavirus live updates: US deaths top 10,000, mortgage industry on brink of ‘complete chaos’

[CNBC] Coronavirus mortgage bailout: ‘There is going to be complete chaos,’ says industry CEO

[MarketWatch] Investors should prepare for a coronavirus-induced ‘vicious spiral’ more than twice as bad as the financial crisis, says J.P. Morgan

[Reuters] U.S. consumers fear for jobs, debt payments due to coronavirus: NY Fed survey

[Reuters] Florida, Nevada may be hit hardest by coronavirus economic shock: study

[Reuters] Germany draws up plans to relax lockdown after April 19

[Bloomberg] IMF Mulls Fed-Like Program to Supply Dollars to More Economies

[Bloomberg] Jamie Dimon Sees ‘Bad Recession’ and Echoes of 2008 Crisis Ahead

[FT] Argentina puts off payments on $10bn in local-law debt

Monday's News Links

[Reuters] Wall Street opens higher on coronavirus slowdown hopes

[MarketWatch] Gold rises, aims for highest close in nearly a month

[Reuters] Oil edges down after Saudi Arabia, Russia delay meeting

[Reuters] Trump open to big oil tariffs, but doesn't expect to need them

[AP] Japan’s PM to declare state of emergency as early as Tuesday

[Yahoo/Bloomberg] Virus Peril May Make April Cruelest Month for Emerging Markets

[CNBC] Moscow and Riyadh are ‘very, very close’ to an oil deal, says Russia’s sovereign wealth fund chief

[CNBC] Coronavirus live updates: Germany drafts plan to end lockdown, Spain’s daily death toll declines

[Reuters] Japan's Abe unveils 'massive' coronavirus stimulus worth 20% of GDP

[Reuters] Boris Johnson in hospital with persistent COVID-19 symptoms but still working

[Yahoo/FT] Bailey rejects monetary financing as tool in virus crisis

[Bloomberg] Emerging Currencies Under Threat From Covid-19 Face Further Declines

[Bloomberg] The No. 1 Source of Stock Demand Is a Goner, for Years to Come

[Bloomberg] Dollar Squeeze Worsens in Lebanon as Government Asks for Aid

[NYT] U.S. Is Nowhere Close to Reopening the Economy, Experts Say

[NYT] European Banks Prepared for a Crisis. But Not This One.

[NYT] Young Adults, Burdened With Debt, Are Now Facing an Economic Crisis

[WSJ] Texas Gets Double Punch From Coronavirus and Oil Shock. ‘There’s No Avoiding This One.’

[WSJ] Homeowners Relying on Short-Term Rental Income Stung By Wave of Coronavirus Cancellations

[FT] Emerging economies set to struggle to meet debt obligations

[FT] The liquidity ‘collapse’ is a modern-day cobra effect

[FT] How big could the Fed’s balance sheet get?