Wednesday's News Links

[Reuters] Stocks jump as investors hold out for recovery

[Reuters] Gold gains as bleak economic outlook stokes safe-haven demand

[Reuters] Oil up on lower U.S. stocks, firmer demand

[CNBC] Weekly mortgage applications point to a remarkable recovery in homebuying

[Reuters] China stands pat on benchmark rate, signals brief pause in easing efforts

[CNBC] China stocks up food and oil supplies as coronavirus spurs fears about shortages

[Reuters] Germany says proposed recovery fund is not about joint borrowing

[Yahoo/Bloomberg] ECB Finally Hears EU Cavalry Coming to Help Its Crisis Fight

[Yahoo/Bloomberg] Lira-Averse Banks Raise Concern in Turkey of Another Dollar Rush

[Yahoo/Bloomberg] Turkey Turns to Gulf Ally Again With $15 Billion Qatar Swap Line

[Reuters] Brazil suffers record coronavirus deaths, Trump mulls travel ban

[Reuters] Australian retail sales dive a record 17.9% in April: ABS preliminary estimate

[Reuters] Exclusive: In veiled warning to Iran, U.S. tells Gulf mariners to stay clear of its warships

[Bloomberg] China Vows Retaliation Over Pompeo’s Message to Taiwan’s Tsai

[Bloomberg] China’s New Outbreak Shows Signs the Virus Could Be Changing

[Bloomberg] Russia Joins Global Borrowing Boom With Record Bond Sale

[Bloomberg] Debt Woes Derail India’s Plan to Deliver Stronger Fiscal Support

[WSJ] States Step Up Reopenings, Hoping to Limit Economic Damage

[WSJ] Behind Bond Market’s Stall, Investors See Hard Times Ahead

[WSJ] Turkish Banks’ Big Foreign Debts Worry Investors

Tuesday Evening Links

[Yahoo/Bloomberg] Stocks Fall After Moderna Vaccine Study Questioned: Markets Wrap

[Reuters] U.S. crude strengthens as certain stimulus measures to continue

[CNBC] CBO projects 38% drop in GDP, $2.1 trillion increase in the deficit

[Reuters] Republican senators put brakes on additional coronavirus aid

[Reuters] Business group cautions U.S. on 'reshoring' too much China supply

[Yahoo/Bloomberg] Extreme Behavior Is on Display Everywhere in the Stock Market

[MSN/The Atlantic] The nightmare that colleges face this fall

[Reuters] Brazil yields on bonds beyond 3 years too high to fund crisis spending -Treasury Secretary

[Bloomberg] U.S. Financial Conditions Are Easing at Fastest Pace in History

[Bloomberg] Millions of Newly Jobless in China Pose a Looming Threat to Xi

[NYT] Too Big to Fail: The Entire Private Sector

Tuesday Afternoon Links

[Reuters] S&P 500 steady after mixed retail earnings

[Reuters] Southern European bond yields tumble on EU recovery fund proposal

[Reuters] Coronavirus hammers U.S. homebuilding; permits tumble

[Bloomberg] Powell Says Fed Has America’s Back With Congress Arguing Over Aid

[Bloomberg] Kudlow Says Nobody Can Confidently Invest in Chinese Companies

[WSJ] China’s ‘Wolf Warrior’ Diplomats Are Ready to Fight

[WSJ] China, Trump Square Off Over Coronavirus Response

[WSJ] Landlords Fume as Starbucks, Other Chains Seek Extended Rent Cuts

[WSJ] Commercial Real Estate’s Havens Suddenly Not So Safe

[FT] Is the Franco-German recovery plan a game-changer?