Friday's News Links

[Reuters] Stocks slip as investors await Trump's Hong Kong response

[AP] US consumer spending sinks by record 13.6% in face of virus

[Reuters] U.S. consumer spending tumbles in April

[CNBC] Trump’s China press conference could mark the end of his cautious approach to Beijing

[Reuters] China may buy less American farm products if U.S. issues severe HK response: sources

[Yahoo/Bloomberg] Battle for Hong Kong Is Shifting to City’s Financial Markets

[CNBC] Coronavirus live updates: Russia sees most deaths in a day; FDA to face delays on clinical trials

[CNBC] Corporations raise $1 trillion in the bond market amid Fed backstop, double the pace of last year

[Reuters] Explainer: More central banks eye yield curve control. How does Japan's work?

[Reuters] Attack on Taiwan an option to stop independence, top China general says

[Reuters] China says wants 'peaceful reunification' with Taiwan

[Bloomberg] U.S. Merchandise Trade Fell in April to Lowest Level in a Decade

[Bloomberg] U.S. Consumer Spending Plunges, Government Aid Boosts Incomes

[Bloomberg] China Markets Show Anxiety Over Looming $380 Billion Funding Gap

[Bloomberg] Taiwan Welcomes Those Resisting China in Face of Rising Pressure

[WSJ] Federal Reserve Ramps Up Deliberations on Asset Purchases, Rate Guidance

[WSJ] U.S. to Cancel Visas for Some Chinese Graduate Students

[FT] China threatens countermeasures after US criticism of Hong Kong law

Thursday Evening Links

[Reuters] Fed balance sheet rises to $7.15 trillion as of May 27

[Reuters] Wall Street ends down in late selloff; Facebook and China weigh

[Reuters] Stocks, euro rise on recovery hopes; U.S.-China rift lifts gold

[USNWR] Trump Will Hold News Conference on Friday on China

[CNBC] Trump targets social media companies with executive order after Twitter fact-checks his tweets

[Reuters] Brazil central bank chief worried credit not flowing freely

[Bloomberg] Trump Says He’ll Announce China Moves in Friday News Conference

[Bloomberg] Capital Flight Fears Grow Alongside Hong Kong Political Turmoil

[Bloomberg] Mounting China Tensions Risk $52 Billion in U.S. Energy Sales

[Bloomberg] Decade-High Spreads on Longer India Company Bonds Flash Concerns

[Bloomberg] Risk of CLO Losses Keeps Japan’s Banking Regulator on Alert

[NYT] As the U.S. Lashes Out at China, Beijing Hardens Its Resolve

[FT] China rounds up Wuhan’s citizen journalists for ‘provoking quarrels’

Thursday Afternoon Links

[Reuters] Wall Street climbs on healthcare, tech push

[Reuters] U.S. may now need to treat Hong Kong like China: White House adviser

[Reuters] NY Fed's Williams says central bank has tools more powerful than negative rates

[AP] US mortgage rates fall; 30-year loan at all-time low 3.15%

[CNBC] Coronavirus live updates: NYC reports lowest daily positive testing rate since outbreak; remote working trend to hit oil demand

[Reuters] Explainer: What's in the law protecting internet companies - and can Trump change it?

[WSJ] Hong Kong’s Security Law: What China Is Planning, and Why Now

[WSJ] Turkey Borrowed Foreign Currency as Lira Tumbled

[WSJ] China’s Cash Cow—How Hong Kong Bankrolls the Mainland

[WSJ] Behind the Fall of China’s Luckin Coffee: a Network of Fake Buyers and a Fictitious Employee