Tuesday, April 14, 2020

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

Tuesday's News Links

[Reuters] Wall Street gains as banks, J&J kick off earnings

[Reuters] Global stocks gain on China trade data, easing pandemic worries

[Reuters] Oil slips as producer cuts fail to banish demand fears

[Reuters] U.S. deficit to soar to record $3.8 trillion in 2020, budget watchdog group says

[Reuters] Debt levels expected to sharply increase in 2020, stabilize as economies recover - IMF

[Reuters] Trump says plan to re-open shuttered U.S. economy to be completed soon

[Reuters] New York, California and other states plan for reopening as coronavirus crisis eases

[CNBC] Coronavirus live updates: WHO says ‘certainly not seeing the peak yet,’ Spain’s infection rate slows

[Reuters] JPMorgan profit plunges on coronavirus loan provisions

[AP] IMF: Global economy will suffer worst year since Depression

[CNBC] China’s exports, imports fell in March but not as much as expected

[Reuters] China says difficulties facing trade cannot be underestimated

[CNBC] Beijing may be using the coronavirus pandemic to advance its interests in the disputed South China Sea

[Bloomberg] Credit-Fund Industry Staggers in Brazil From Record Withdrawals

[NYT] U.S. Food Supply Chain Is Strained as Virus Spreads

[NYT] Economic Pain Will Persist Long After Lockdowns End

[WSJ] The Coronavirus Economic Reopening Will Be Fragile, Partial and Slow

[WSJ] Landlords, Companies Clash Over Rent Payments During Coronavirus

[WSJ] NY Fed Lays Out Plan to Pare Back Repo Liquidity Injections

[FT] Federal Reserve faces blowback over plan to back some cities over others