Thursday, March 26, 2020

Thursday Afternoon Links

[Reuters] Wall Street rallies as job losses stir talk of more stimulus

[Reuters] Gold jumps as record high U.S. jobless claims fuel stimulus hopes

[FXLive] WTI crude oil extends daily loss to 7%

[Reuters] Pelosi expects bipartisan House vote for $2 trillion coronavirus bill Friday

[CNBC] Coronavirus live updates: Market takes US job losses in stride as global cases near 500,000

[CNBC] New York coronavirus cases soar to 37,258 as state scrambles for ventilators

[CNBC] Cuomo says ‘reckless’ $2 trillion coronavirus bill fails to help New York’s revenue loss

[Reuters] U.S. banks to score accounting, capital relief in $2 trillion rescue package

[CBC] China prepares to close borders to foreigners, fearing 2nd wave of COVID-19

[CNBC] The coronavirus may be deadlier than the 1918 flu: Here’s how it stacks up to other pandemics

[Yahoo] US virus deaths may top 80,000 despite confinement: study

[CNBC] Bond market pricing ‘hasn’t recognized the new reality.’ Here’s why that’s an issue for bond ETFs

[Reuters] Canada triples potential mortgage securities buying to C$150 billion

[Bloomberg] S&P, Moody’s Cut Credit Grades at Fastest Pace Since 2008 Crisis

[Bloomberg] ECB Steps Up ‘Whatever It Takes’ Fight to Save Euro Area

[WSJ] China Is Open for Business, but the Postcoronavirus Reboot Looks Slow and Rocky

[FT] Why the US Federal Reserve turned again to BlackRock for help