Tuesday Afternoon Links

[Yahoo/Bloomberg] U.S. Stocks Slump After Fauci, Fed Set Somber Tone: Markets Wrap

[CNBC] Dow drops more than 400 points, Nasdaq snaps 6-day winning streak on reopening jitters

[CNBC] Coronavirus live updates: Hot spots flare up in South East; grocery costs jump most in 46 years

[Reuters] U.S. posts record $738 billion budget deficit in April

[CNBC] House Democrats unveil new $3 trillion coronavirus relief bill

[Reuters] Coronavirus crisis leads to largest U.S. consumer price decline since 2008

[AP] Trump: Fed retiree fund should ban Chinese investments

[Yahoo/Bloomberg] The Fed Is Buying ETFs But Mostly Still Hawking a Placebo

[Yahoo/Bloomberg] The U.S. Is Testing the Patience of Bondholders

[Reuters] $15 trillion and counting: global stimulus so far

[CNBC] Boeing 737 Max cancellations mount as customers scrap 108 more orders

[Bloomberg] Major Economies Are Facing Unprecedented Economic Slumps

[Bloomberg] U.S. Home Prices Climbed in 96% of Cities in the First Quarter

[WSJ] Bond ETFs Climb as the Fed Kicks Off Historic Purchase Program

[FT] Global economic outlook still worsening, says IMF

[FT] German court decides to take back control with ECB ruling

[FT] China-focused hedge funds record best month in half a decade