Tuesday, March 17, 2020

Tuesday Evening Links

[CNBC] Dow rebounds more than 1,000 points as Trump seeks $1 trillion in stimulus for coronavirus fight

[Reuters] Fed moves to backstop funding for U.S. companies as coronavirus fallout spreads

[Reuters] Fed plans steps to ease short-term borrowing for companies

[Reuters] NY Fed says it will offer an additional $500 billion in overnight repo on Tuesday

[Reuters] Senate weighs emergency coronavirus pandemic funds; Trump seeks $850 billion more

[CNBC] Mnuchin says Trump administration is looking to get cash to Americans ‘immediately’

[CNBC] Regulators considering more changes to free up bank liquidity, sources say

[CNBC] Coronavirus live updates: Malaysia closes border, Italy death toll crosses 2,500

[CNBC] China expels journalists from New York Times, Wall Street Journal and Washington Post

[CNBC] Homebuilder sentiment falls, as coronavirus begins to factor in

[CNBC] New York state coronavirus cases soar to more than 1,300, hospitalizing 19%

[NY Post] 86% of people with coronavirus are walking around undetected, study says

[Reuters] UK confirmed coronavirus cases rise 26% to 1,950 in past 24 hours

[Reuters] Europe to shut borders as lengthy virus crisis looms

[Reuters] Spain unveils 'unprecedented' 200 billion euros coronavirus package

[Bloomberg] Fed Restarts Commercial Paper Facility to Ease Market Strain

[Bloomberg] Stocks Locked In to Credit’s Vortex With Solvency Risk Spreading

[NYT] Fed Unveils Emergency Lending Program to Shore Up Business Credit Markets

[WSJ] Lessons from Italy’s Hospital Meltdown. ‘Every Day You Lose, the Contagion Gets Worse.’

[FT] Rise in Italian yields has echoes of eurozone debt crisis

[FT] Global funding squeeze forces dollar higher

[FT] US leveraged loan prices slump to lowest since financial crisis