Tuesday, April 28, 2020

Tuesday Evening Links

[Reuters] Wall Street down on flight from techs; move to value limits loss on Dow, S&P 500

[Reuters] U.S. consumer confidence, exports sink amid coronavirus disruptions

[CNBC] Coronavirus live updates: Dr. Fauci warns US could ‘be in for a bad fall,’ US cases near 1 million

[Reuters] Italy economy minister says Fitch downgrade does not take account of EU, ECB decisions

[Reuters] Brazil unemployment insurance claims jump as coronavirus impact hits

[Reuters] Protester killed in Tripoli as Lebanon hit by unrest

[Bloomberg] Note to Powell: Four Big Questions From Bond Markets This Week

[Bloomberg] China’s Massive Banks Are Facing a $42 Billion Dividend Trap

[Bloomberg] How China Is Attempting to Prevent a Second Wave of Infections

[NYT] China’s Factories Are Back. Its Consumers Aren’t.

[WSJ] ‘A Bargain With the Devil’—Bill Comes Due for Overextended Airbnb Hosts

[FT] EU grants banks capital relief to fund €450bn lending boost

Tuesday's News Links

[CNBC] Stocks add to Monday’s gains with Dow futures up more than 300 points

[CNBC] Oil pares losses after falling more than 21% in early trading

[CNBC] Coronavirus live updates: Stay-at-home stocking up boosts earnings, US cases near 1 million

[CNBC] Home prices were gaining serious strength just before coronavirus shutdown, up 4.2% annually per Case-Shiller

[Yahoo] The Conference Board Consumer Confidence Index Weakened Significantly in April

[Reuters] Brazilians divided on impeachment of President Bolsonaro: poll

[Reuters] Russia sees record rise in coronavirus cases, deaths

[Bloomberg] No Junk Debt Is Too Risky: How Fed’s Bailout Changed Everything

[Bloomberg] NYC Bondholders Pricing In Downgrades on Worst Crisis in Decades

[Bloomberg] Virus Likely to Keep Coming Back Each Year, Say Top Chinese Scientists

[Bloomberg] Australia Is Heading Into Its Deepest Downturn in Almost 100 Years

[Bloomberg] Lira Defense Drains Reserves Faster Than Turkey Refills Them

[Bloomberg] China Calls U.S. Trade Adviser Navarro ‘Liar’ on Hoarding Claim

[WSJ] Pandemic Triggers a Wave of Distress, Bankruptcy in Corporate America

[WSJ] Companies Are Suspending Dividends at Fastest Pace in Years

[WSJ] Junk Bonds Bounce Back, Raising Hopes—and Concerns

[FT] Five things to watch at the Federal Reserve meeting this week

[FT] Why China’s smaller businesses are struggling to access credit

[FT] The self-destruction of the ‘Tropical Trump’