Thursday's News Links

[Reuters] Stocks head for higher ground, oil stuck in a rut

[CNBC] Jobless claims total 5.245 million as 22 million positions have been lost in a month due to coronavirus

[CNBC] US housing starts plunge 22.3% to 1.216 million in March, vs 1.3 million expected

[Reuters] With confidence shattered, the road to a 'normal' U.S. economy looks long

[CNBC] Coronavirus live updates: Trump to unveil reopening guidelines, China races toward a vaccine

[Reuters] China's home prices return to growth in March as pandemic impact starts to ease

[Reuters] Trump says U.S. investigating whether virus came from Wuhan lab

[AP] China tries to revive economy but consumer engine sputters

[Reuters] Brazil government, banks in talks about bailing out companies

[CNBC] Greenland’s ice sheet melts by record amount due to climate change, study shows

[Bloomberg] Oil’s Collapse Is Taking an Entire Service Industry Down With It

[Bloomberg] Desperate Companies Seek Lender Reprieves After Revenues Erased

[NYT] It’s the End of the World Economy as We Know It

[WSJ] Coronavirus Closures Froze Swaths of U.S. Economy in March

[WSJ] Business Leaders Urge Trump to Dramatically Increase Coronavirus Testing

[FT] Mnuchin sets out opposition to rescue plan for emerging markets

[FT] Eurozone faces economic strains as government debt piles up

[FT] Coronavirus crisis inflicts a double blow to pensions

[FT] Neel Kashkari: Big US banks should raise $200bn in capital now

Wednesday Evening Links

[Axios] Trump threatens to force Congress to adjourn to allow recess appointments

[Reuters] Treasuries - U.S. yields drop as data puts pandemic's economic punch in focus

[Reuters] Trump will announce guidelines on reopening the economy Thursday

[Reuters] Fitch cuts Mexico's rating amid fears of 'severe recession'

[AP] Banks brace for big loan defaults by US, global customers

[Reuters] With confidence shattered, the road to a 'normal' U.S. economy looks long

[CNBC] Small business loans top $296 billion and could reach the program’s limit by the end of Wednesday

[MSN/WP] The U.S. has thrown more than $6 trillion at the coronavirus crisis. That number could grow.

[NY Post] Protesters clog streets in Michigan over Whitmer coronavirus stay-home order

[Reuters] U.S. industry says Mexico shutdown endangers 'critical' North American supply chains

[Reuters] China may have conducted low-level nuclear test blasts, U.S. says

[Bloomberg] U.S. Weighs Paying Drillers to Leave Oil in Ground Amid Glut

[WSJ] Glutted Oil Markets’ Next Worry: Subzero Prices

[WSJ] For These Companies, Stimulus Was No Solution; ‘We Decided to Cut Our Losses’

Wednesday Afternoon Links

[Reuters] Wall Street slides on gloomy economic data, bank earnings

[Reuters] Oil prices fall after record U.S. crude storage build

[CNBC] Coronavirus live updates: New data shows parts of the US economy ‘in ruins’ as global cases surpass 2 million

[Reuters] U.S. manufacturing output posts largest drop since 1946

[CNBC] The Fed’s Main Street problem: Worries rise that money won’t go where it’s most needed

[CNBC] Half of the world has asked the IMF for a bailout, chief says

[Reuters] G20 financial officials agree on debt suspension for world's poorest countries