Thursday, May 7, 2020

Thursday Evening Links

[Reuters] Asia stocks poised to rise as upbeat earnings trump jobs gloom

[CNBC] Coronavirus live updates: San Francisco targets May 18 for some businesses to resume as California unveils reopening guidelines

[Reuters] Debt, deadlines and default: Argentina's last-ditch push for $65 billion deal

[Reuters] Global hedge funds post April gains but still negative for the year: data

[Reuters] North Korea calls South Korean military drills 'grave provocation', sends 'warm greetings' to China

[NYT] The Results Are In for the Sharing Economy. They Are Ugly.

[Bloomberg] India to Take on Offshore Currency Markets Amid Virus Tumult

Thursday Afternoon Links

[Reuters] Wall St jumps as PayPal outlook, China data fuel recovery hopes

[CNBC] Coronavirus live updates: California reports $54 billion budget deficit from pandemic economic fallout

[CNBC] California faces a staggering $54 billion budget deficit due to economic devastation from coronavirus

[Reuters] U.S. House Democrats to attempt passing next coronavirus bill soon

[Reuters] Turkey bans three banks from lira transactions as currency hits record low

[Reuters] Brazil's Bolsonaro says must get economy back on track as soon as possible

[MSN/NYT] Travel From New York City Seeded Wave of U.S. Outbreaks

[MSN/WSJ] The Glut Drowning the Oil Market

[Bloomberg] Ray Dalio Sees Monopoly Money as Easiest Way Out of Debt Crisis

[Bloomberg] China Study Finds 5% to 15% of Covid-19 Cases Are Reactivated

[WSJ] Coronavirus Hijacks the Body From Head to Toe, Perplexing Doctors

[WSJ] U.S. to Remove Patriot Missile Batteries from Saudi Arabia

[FT] Christine Lagarde says ECB is ‘undeterred’ by German court challenge

Thursday's News Links

[Reuters] Wall Street jumps as China data fuels recovery hopes

[Reuters] Stocks cheer China trade relief, bonds face debt deluge

[Reuters] Oil jumps on China export bounce, longer term outlook weak

[Reuters] Brazil's real hits new low after bigger-than-expected rate cut

[Yahoo/Bloomberg] Turkish Lira Falls to Record, Defying Efforts to Stem the Slide

[AP] 33 million have sought US unemployment aid since virus hit

[SCMP] US-China trade chiefs to have call as Donald Trump and coronavirus threaten phase one deal

[Reuters] China's exports unexpectedly rise even as coronavirus batters global demand

[CNBC] Coronavirus live updates: Moderna vaccine candidate takes ‘crucial step,’ Germany warns crisis is not over

[SCMP] Coronavirus: China could cut US debt holdings in response to White House Covid-19 compensation threats, analysts say

[CNBC] Investor fear of missing out is ‘not a good sign’ for markets, warns Morgan Stanley

[CNBC] Wall Street is too optimistic as global economies start reopening, Stephen Roach warns

[AP] UK economy forecast to shrink by most since 1706

[Reuters] What do studies on new coronavirus mutations tell us?

[Bloomberg] Bolsonaro’s Political Woes Mount While Covid-19 Ravages Brazil

[Bloomberg] World Economy Plummeted 4.8% in April, Bloomberg Tracker Shows

[Bloomberg] The Alarming Rise of Algorithms as Heroes of the Stock Recovery

[WSJ] The Glut Drowning the Oil Market

[WSJ] KKR Reports Loss of More Than $1 Billion, Hurt by Market Volatility

[WSJ] Fed’s Barkin Says Eventually U.S. Must Address Massive Deficits

[FT] From blood clots to ‘Covid toe’: the medical mysteries of coronavirus | Free to read

[FT] Investors fear Italy is heading for ‘junk’ borrower status

[FT] Crunch time for US tenants and landlords

[FT] Private-equity backed companies dominate lowest depths of junk