Wednesday's News Links

[Reuters] Wall Street tumbles on lackluster earnings, economic data

[Reuters] Global shares dip as dire warnings for global economy weigh

[Reuters] Oil falls 4% on oversupply concerns

[Reuters] U.S. retail sales collapse as coronavirus keeps consumers at home

[CNBC] Homebuilder confidence index takes biggest one-month dive in its history as coronavirus slams economy

[MarketWatch] Empire State manufacturing index plunges to record low in April

[Reuters] Trump says close to plan to reopen economy possibly, in part, before May 1

[CNBC] Coronavirus live updates: WHO recommends restricting alcohol, Spain’s daily death toll falls

[Reuters] China cuts medium-term borrowing costs to record low, steps up pandemic battle

[Reuters] Goldman Sachs profit halves on mounting loan loss provisions

[Reuters] Frontier Communications files for bankruptcy protection

[Bloomberg] Gold Still Shines 50 Years After Nixon. Will Netflix?

[Bloomberg] Somber IMF Describes the Epic Bind Facing World Economy

[Bloomberg] China Adds Liquidity, Trims Rates Ahead of Poor GDP Data

[Bloomberg] Key Part of China’s Shadow Banking Faces Doubling of Defaults

[Bloomberg] China’s EV Slowdown Deepens Debt Woes at Top Lithium Supplier

[Bloomberg] China Blasts Trump’s Move to Pull WHO Funding, Pledges Support

[Bloomberg] IMF Tallies Up Economic Wreckage in Middle East, Warns Over Debt

[Bloomberg] Banks Owed $3 Billion by Squeezed Singapore Oil Trader Hin Leong

[Bloomberg] One of the World’s Best Quant Funds Plunged 29% in March

[NYT] The Virus Is Vaporizing Tax Revenues, Putting States in a Bind

[NYT] How the Government Pulls Coronavirus Relief Money Out of Thin Air

[WSJ] Lack of Savings Worsens the Pain of Coronavirus Downturn

[WSJ] Oil Demand Projected to Fall by Record Amount

[WSJ] JPMorgan, Wells Fargo Profits Tumble as Banks Brace for a Recession

[WSJ] Thirst for Oil Vanishes, Leaving Industry in Chaos

[WSJ] Private Creditors Become Crucial to Emerging Markets’ Debt Relief

[FT] Italian debt sinks after ‘corona bond’ plan falters

[FT] Governments face ‘massive’ rise in public debt, IMF warns

[FT] Beijing seeks to boost financial system as coronavirus pummels growth

[FT] Property markets in south-east Asia struggle to recover after Covid-19

Tuesday Evening Links

[Reuters] Wall Street surges on hopes of lockdown easing; JPMorgan kicks off earnings

[MarketWatch] Gold tallies 4th straight session gain as dollar slumps

[CNBC] Coronavirus live updates: Singapore reports more than 300 cases for second consecutive day

[Roll Call] Coronavirus pushes annual deficit forecasts toward $4 trillion

[Reuters] Fauci: May 1 target for reopening U.S. economy 'overly optimistic' - AP

[Reuters] Two big U.S. banks offer glum outlook for coronavirus recession

[CNBC] Goldman says downturn will be 4 times worse than housing crisis, then an ‘unprecedented’ recovery

[AP] States confront practical dilemmas on reopening economies

[Reuters] Trump speaks of mutiny as Cuomo dismisses premature coronavirus reopening

[NY Post] Wall Street feasts on federal coronavirus aid while Main Street starves

[Reuters] UK economy could shrink by the most in 300 years in 2020

[NYT] U.S. Governors, at Center of Virus Response, Weigh What It Will Take to Reopen States

[WSJ] Trump, Cuomo Clash on Authority Over Reopening States

[WSJ] JPMorgan Prepares for Wave of Defaults Linked to Coronavirus Shutdown

[FT] World economy set for heaviest blow since Great Depression

[FT] IMF warns of deepest economic plunge since 1930s