Thursday, April 23, 2020

Thursday Evening Links

[CNBC] Stocks quickly cut gains after report says potential Gilead virus treatment flops in trial

[CNBC] Trump says he may extend coronavirus social distancing guidelines to early summer

[CNBC] Coronavirus live updates: California reports ‘deadliest day’ yet, global lockdowns ease

[CNBC] US issues new guidance for small business loans, pressures public companies to return funds

[Reuters] Bankruptcy looms over U.S. energy industry, from oil fields to pipelines

[Reuters] Dallas hotelier gets $58.7 million in small business bailout funds

[Bloomberg] Gilead Tumbles After Latest Data Leak on Virus Drug Trials

[Bloomberg] Ray Dalio Dives Deep Into Money to Explain Changing World Order

[Bloomberg] Over 10% of CLOs Fail Collateral Tests, Putting Payouts at Risk

[WSJ] Fed Focuses on Lending Programs, but Monetary Policy Deliberations Loom

[WSJ] New Junk Bond Sales Add to Growing Tally

[FT] Germany throws weight behind EU recovery fund

[FT] Eurozone bank stress starts to show in funding markets

[FT] The risk of a US double-dip depression is real

[FT] Gilead antiviral drug remdesivir flops in first trial

[FT] US lawyers and insurers must face Covid-19 liability

[FT] Beijing clamps down on Hong Kong under cover of coronavirus

Thursday's News Links

[Reuters] Markets brush off ugly data, pin hopes on stimulus

[CNBC] Oil jumps 21%, extending Wednesday’s rally as traders bet on US production cuts

[CNBC] US weekly jobless claims hit 4.4 million, bringing 5-week total to more than 26 million

[Reuters] Coronavirus live updates: Labor market data shows continued collapse, US hot spots span the East Coast

[AP] EU leaders weigh massive virus economic recovery measures

[Reuters] EU edges towards joint financing for coronavirus recovery

[Reuters] Bankruptcy looms over U.S. energy industry, from oil fields to pipelines

[Reuters] Guards chief: U.S. warships will be destroyed if they threaten Iran in Gulf

[AP] Stopping virus a huge challenge at crowded US meat plants

[AP] China buys crude as prices collapse, adding to stockpiles

[Bloomberg] How the Coronavirus Crisis Pushed the Fed Into Truly Uncharted Territory

[Bloomberg] When $8 Trillion in Global Fiscal Stimulus Still Isn’t Enough

[Bloomberg] Europe Inches Toward a $2.2 Trillion Plan That May Never Happen

[Bloomberg] China’s Uneven Reopening Shows Fear Might Hold Back Economies

[Bloomberg] Oil Collapse to Worsen China’s Deflation, Open Path for PBOC

[Bloomberg] Fitch Warns of Credit Risks If Development Banks Pause Repayment

[NYT] Banks Gave Richest Clients ‘Concierge Treatment’ for Pandemic Aid

[WSJ] Europe Suffers Record Collapse in Economic Activity

[WSJ] Q&A: How Oil Markets Work, And Why Prices Fell Below Zero

[FT] China struggles with sharp rise in unemployment