Wednesday, May 13, 2020

Wednesday Evening Links

[Reuters] Asian stocks set to slide on U.S. Fed fears, interest rate stance

[CNBC] Dow falls for a third-straight day, losing 500 points after Powell’s warning

[Reuters] Oil falls 2% despite surprise U.S. crude stock drawdown

[CNS] Spending and Deficit Set All-Time Records: Feds Spent $3.3 Trillion Through April While Running $1.48 Trillion Deficit

[CNBC] Coronavirus live updates: Whistleblower to warn Congress of ‘darkest winter’ as WHO says reopening could cause ‘vicious cycle’

[Yahoo/Bloomberg] Powell Slams Door on Trump's Negative Rates ‘Gift’

[Yahoo/Bloomberg] Powell Warns of Broad Virus Danger, Bats Down Negative Rates

[Yahoo/Bloomberg] Wall Street Heavyweights Are Sounding Alarm About Stock Prices

[CNBC] Fed’s Mester sees a recovery or a ‘much more dire’ scenario as equally possible

[Bloomberg] Vast Numbers of Unemployed Will Undermine China’s Recovery

[Bloomberg] Virus Hotspots Multiply in Meat Plants From Germany to Brazil

Wednesday Afternoon Links

[Reuters] Wall Street falls on Powell's grim outlook

[CNBC] Trump on China: ’100 Trade Deals’ wouldn’t make up for coronavirus

[Reuters] Citing coronavirus, U.S. board delays federal pension fund investment in Chinese stocks

[Reuters] In nod to grim U.S. outlook, Fed's Powell calls for more fiscal support

[CNN] Grocery prices are soaring. Here's what's getting more expensive

[Reuters] Wall Street bonuses set to fall by as much as 30% in 2020: report

[Bloomberg] Dollar Reigns Supreme During Virus Crisis With Yuan Stuck in Shadows

[Bloomberg] N.J. Revenue Said to Drop 60% in April in Unprecedented Decline

[WSJ] India Tests the Limits of Public Finance in Emerging Markets

Wednesday News Links

[Reuters] Stocks turn negative as Fed's Powell warns of prolonged recession

[Yahoo/Bloomberg] Oil Near Five-Week High as Saudi, Russia See Demand Recovering

[CNBC] Powell says more policy help may be needed to pull the US out of economic downturn

[Reuters] US producer prices tumble in April

[CNBC] Coronavirus live updates: South Korea cases rise as it tracks thousands of contacts linked to night club cluster

[Yahoo/Bloomberg] Fed’s Powell to Address Dire Outlook, Need for Stronger Support

[Reuters] Merkel, vowing to respect court's ECB ruling, wants strong euro

[Reuters] The U.S. needs more fiscal help to fight coronavirus, Fed officials say

[Reuters] California cancels fall university classes as Fauci warns of reopening too soon

[Yahoo/Bloomberg] Negative Rates Bets Are Going Global in Snub to Central Bankers

[CNBC] Stock market has the richest valuation in 18 years even as profit outlook worsens

[Reuters] China's April passenger numbers down 68.5% year-on-year: aviation regulator

[Yahoo/Bloomberg] RBNZ Unleashes More Stimulus as Economy Slumps on Lockdown

[Bloomberg] German Judges Strike Back, Say ECB Isn’t Master of Universe

[Bloomberg] Virus Survivors Could Suffer Severe Health Effects for Years

[Bloomberg] Ghost of 1992 Italy Devaluation Returns to Haunt Euro Unity Aims

[Bloomberg] Modi’s Latest Stimulus Adds to India’s Bond Market Angst

[WSJ] Powell Says Washington Will Need to Spend More to Battle Downturn

[FT] Pandemic stimulus debt will ‘come back to haunt us’, warns OECD

[FT] German top judge warns EU over ‘very difficult to resolve’ legal crisis

[FT] Beijing hits back at Trump call to block US pension fund investment in China

[FT] CLOs: ground zero for the next stage of the financial crisis?

[FT] European investment plunge raises fears for future growth