Thursday's News Links

[Reuters] Wall Street lower on economic concerns, trade war fears

[MarketWatch] Gold prices climb as investors parse jobless claims report

[Reuters] Oil prices rise on dip in U.S. crude stockpiles, IEA data

[CNBC] US weekly jobless claims rise 2.981 million, vs 2.7 million expected

[AP] 36 million have sought US unemployment aid since virus hit

[MarketWatch] Trump says he doesn't want to speak to Xi and is 'very disappointed' with China

[Reuters] Trump rips into China over coronavirus, 'very disappointed'

[CNBC] Coronavirus live updates: Trump says US military will distribute a vaccine later this year

[Reuters] Storm clouds gather over U.S. stocks as hopes of quick recovery fade

[Reuters] Trump says he's very disappointed in China-Fox Business Network

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

[Reuters] JPMorgan's U.S. credit card holders spent 40% less due to coronavirus

[Yahoo/Bloomberg] China’s Hot Convertibles Market on Alert for First Default

[AP] Pandemic crisis forecast to hit insurers for $200 billion

[Bloomberg] Trump Says U.S. Is Looking at Chinese Companies on Exchanges

[Bloomberg] Second Waves Are Plaguing Asia’s Virus Recovery

[Bloomberg] Fresh Crisis Looms for India Shadow Banks After Fund Closures

[Bloomberg] Nose-Diving German Economy Isn’t Just Suffering From Virus Woe

[Bloomberg] Hong Kong’s Economic Crisis Just Keeps Getting Worse

[Bloomberg] Coronavirus Spurs Spike in Serious Blood Disorder in Children

[NYT] Fed Chair Warns the Economy May Need More as Congress Hesitates

[NYT[ Coronavirus Wrecked Tesla’s Momentum and Elon Musk Is Furious

[WSJ] Soaring Prices, Rotting Crops: Coronavirus Triggers Global Food Crisis

[WSJ] China’s Clout Loses Punch as Trading Partners Push Back Over Coronavirus

[FT] The dangers of a US-China financial war

[FT] From peak China to China pique

[FT] Why vaccine ‘nationalism’ could slow coronavirus fight

[FT] Chinese companies under fire as side bets on stocks turn sour

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