Sunday, March 22, 2020

Monday's News Links

[CNBC] Stocks fall even after Fed pledges unlimited asset purchases and Mnuchin says stimulus deal is close

[Reuters] Stocks crumble as more nations shut for business to curb virus

[Reuters] Treasuries - Yields tick up after Fed announces unprecedented stimulus

[Reuters] Oil reverses losses, jumps 4% after Fed promises aggressive asset purchases to support markets

[CNBC] The Federal Reserve just pledged asset purchases with no limit to support markets

[Reuters] Fed takes aggressive new steps to combat coronavirus hit to economy

[AP] Federal Reserve to lend up to $300B to businesses, cities

[CNBC] Mnuchin says Congress is ‘very close’ to a stimulus agreement and must get it done ‘today’

[Reuters] Coronavirus relief bill hits snag in U.S. Senate, talks continue

[CNBC] Coronavirus live updates: Deaths in Spain surge, broad testing ‘weeks if not months’ away

[Reuters] A Fed 'bailout' for Main Street? Speed, collateral stand in the way

[Reuters] Much more serious than the 2008 crisis, former BoE Governor King says

[Reuters] Wealth managers rein in leverage as clients battle markets downturn-sources

[CNN] Millions in India under coronavirus lockdown as major cities restrict daily life

[Bloomberg] Fed Ready for Unlimited QE and Aid for Companies, Municipalities

[Bloomberg] Mortgage Bond Sales Flood Market Amid Pleas for U.S. Help

[Bloomberg] Rupee Sinks to Record With Stocks as India Heads for Lockdown

[Bloomberg] Spat Between China Diplomats Signals Internal Split Over Trump

[NYT] The U.S. Needs China’s Masks, as Acrimony Grows

[WSJ] Federal Reserve Unveils Major Expansion of Market Supports

[WSJ] Bond ETFs Flash Warning Signs of Growing Mismatch

[FT] Turmoil means delicate dance between hedge funds and brokers

[FT] Nationalism is a side effect of coronavirus

[FT] Gold bars in short supply due to coronavirus disruption

Sunday Evening Links

[CNBC] Stock futures drop more than 4%, briefly hit ‘limit down’ as investors await a stimulus agreement

[CNBC] Oil drops as much as 8%, extending declines after worst week since 1991

[CNBC] Coronavirus stimulus bill fails in key Senate procedural vote

[CNBC] Coronavirus stimulus bill tripped up by key Senate procedural vote

[CNBC] Coronavirus live updates: Rand Paul tests positive, Trump activates National Guard in California, New York and Washington state

[Reuters] Wall Street braces for another bleak week, with coronavirus risks amplified

[Bloomberg] Fed Could Provide Massive Support for Business, States in Bill

[Bloomberg] Real Estate Billionaire Barrack Says Commercial Mortgages on Brink of Collapse

[WSJ] Globe-Spanning Volatility Trade Is Hit Hard by Market Slump

[WSJ] Coronavirus-Led Slowdown Tests the Mettle of China’s Shadow Banks

[FT] Why markets gave a big shrug to the Bank of Japan

[FT] Chinese banks pump money into consumer loans

Sunday Afternoon Links

[AP] As crisis deepens, congressional rescue deal teeters

[CNBC] The government budget deficit is about to explode to fight the coronavirus

[CNBC] Coronavirus live updates: Pelosi signals disagreement on massive relief package

[Reuters] Italy coronavirus deaths rise by 651 in a day, lifting total death toll to 5,476

[Reuters] China scrambles to curb rise in imported coronavirus cases, Wuhan eases lockdown

[Reuters] Chancellor Angela Merkel in quarantine after contact with doctor who tested positive for coronavirus