Friday's News Links

[Reuters] Wall Street slides as Trump warns of new tariffs on China

[Reuters] World stocks fall further after Trump's China tariff threat

[Reuters] Chinese yuan falls on U.S. tariff threat, Australian dollar sinks

[Reuters] Oil rises towards $27 as OPEC+ begins record cut

[Reuters] Trump threatens new tariffs on China as U.S. mulls retaliatory action over virus

[Reuters] Trump confident that coronavirus may have originated in Chinese lab

[Reuters] U.S. manufacturing skids to 11-year low in April as orders sink: ISM

[Reuters] Half of U.S. states easing coronavirus restrictions as jobless numbers grow

[CNBC] Coronavirus live updates: Global cases top 3.2 million, major US airlines to require face coverings on flight

[NYT] ‘This Feels Very Different’

[Bloomberg] Trump Eyes Order to Block Savings Fund From Chinese Stocks

[Bloomberg] The Pandemic’s Long-Term Pain Is Just Becoming Clear to Markets

[Bloomberg] Homeowners Seeking Mortgage Payment Relief Pass 3.8 Million

[Bloomberg] CLOs Risk Starring Role in This Recession When Default Wave Hits

[Bloomberg] Fannie Mae Profit Falls 81% on Huge Virus-Related Expenses

[WSJ] What the ECB Did Thursday—and Why Investors Were Disappointed

[FT] Trump confident Covid-19 originated in Wuhan lab

[FT] Top US official plays down Turkey’s prospects of securing dollar finance

Thursday Evening Links

[CNBC] Dow futures fall more than 100 points after Wall Street wraps up best month in three decades

[Reuters] Fed's balance sheet at $6.7 trillion, but growth pace down sharply

[AP] Trump harshly blames China for pandemic; a lab ‘mistake’?

[CNBC] Apple reports flat revenue and does not offer guidance because of coronavirus uncertainty

[CNBC] ‘If you’re a shareowner in Amazon, you may want to take a seat’ — Amazon reports earnings, plans to spend all Q2 profits on coronavirus response

[CNBC] Coronavirus live updates: Global cases top 3.2 million, farmers forced to dump excess fruit and flowers

[Reuters] Wells Fargo to stop granting home equity lines amid uncertainty: sources

[CNBC] New York City’s subway system may turn to the Federal Reserve for a loan, meets bond investors Friday

[Reuters] Trump says China either could not stop virus spread or let it spread

[Reuters] Exclusive: Wells Fargo shifts energy bankers to focus on bankruptcies

Thursday Afternoon Links

[Reuters] Wall St. caps best month in decades with broad sell-off

[Reuters] Pelosi: state, local governments could need $1 trillion for coronavirus costs

[Reuters] Fed expands 'Main Street' program to firms with up to 15,000 workers

[CNBC] Coronavirus live updates: NYC pauses 24-hour subway service, funeral home blasted for storing corpses in vans

[CNBC] Florida has overtaken California as the US jobless claims capital

[Reuters] Mexico's Pemex posts massive $23.6 billion first quarter loss

[AP] US mortgage rates at all-time lows; 30-year loan at 3.23%

[AP] Germany wary of lifting lockdown, despite economic pain

[Bloomberg] State Unemployment Funds Going Broke From Record Flood of Claims

[Bloomberg] Junk-Bond ETFs Add Most Since 2015 on Fed’s Fallen-Angel Pledge

[Bloomberg] Lockdown Isn’t Flattening India Virus Curve as in Italy or Spain

[WSJ] Coronavirus Pushes Colleges to the Breaking Point, Forcing ‘Hard Choices’ about Education

[WSJ] Record Contraction in Eurozone Bodes Ill for Global Economy

[FT] Federal Reserve extends $600bn main street lending programme