Tuesday, March 24, 2020

Wednesday's News Links

[Reuters] Stocks rebound passes 10% after $2 trillion U.S. stimulus boost

[The Hill] White House, Senate reach deal on $2 trillion stimulus package

[Reuters] U.S. Congress, negotiators reach deal on $2-trillion coronavirus aid package

[CNBC] Coronavirus live updates: Prince Charles tests positive, Target withdraws forecast

[Reuters] Coronavirus sweeps across New York, California fears it could be next

[CNBC] US durable goods orders rose 1.2% in February, vs 0.8% drop expected

[CNBC] Weekly mortgage applications tank 29% as coronavirus sidelines homebuyers

[NY Post] Coronavirus stimulus package to exceed $6T, Larry Kudlow says

[Reuters] Bank of Japan sees deeper economic pain, even after emergency easing

[Bloomberg] Worldwide Dollar Crunch Raises Red Flags in Asia Debt Market

[Bloomberg] Chinese Firms Either Fine or In Trouble, Depending Where You Are

[WSJ] Loss Rate on Banks’ Real-Estate Loans Expected to Soar

[WSJ] Look to Japan for Potential Emergency Moves From the Fed

[FT] US shale bust wrecks hopes for energy independence

[FT] Dash for cash: companies draw $124bn from credit lines

[FT] The liquidity ‘doom loop’ in bond funds is a threat to the system

[FT] More Reits warn they are unable to meet cash calls

[FT] Scientists hopeful warmer weather can slow spread of coronavirus

Tuesday Evening Links

[Reuters] Stocks, gold surge on new stimulus from Fed, others

[Reuters] Dow posts biggest percentage gain since 1933 on stimulus hopes

[Reuters] 'Very close:' $2 trillion coronavirus aid deal takes shape in U.S. Congress

[CNBC] White House tells anyone who has left NYC that they should self quarantine

[Reuters] President Trump pushes to reopen U.S. economy, state governors push back

[CNBC] Coronavirus live updates: Trump wants to ‘reopen’ economy by Easter, telemedicine OK’d for veterinarians

[Reuters] Italy coronavirus deaths rise by 743 in a day, lifting total death toll to 6,820

[Bloomberg] China’s Government Faces Worst Fiscal Stress Since 2009

[NYT] The Stock Buyback Binge May Be Over. For Now.

[WSJ] The West Is Misinterpreting Wuhan’s Coronavirus Progress—and Drawing the Wrong Lessons

[FT] Goldman Sachs tells clients it is time to buy gold

[FT] Non-bank lenders will bear brunt of credit crisis

Tuesday Afternoon Links

[CNBC] Market comeback gains steam as Dow soars 1,600 points on stimulus deal hope

[CNBC] Coronavirus live updates: New York cases soar to over 25,000, India locks down its 1.3 billion people

[Newsday] Cuomo: Coronavirus infections growing faster than expected in NY; state needs help

[Reuters] Coronavirus sinks U.S. business activity to record low: IHS Markit

[Reuters] U.S. new home sales fall; January revised sharply up

[Reuters] U.S. could become next coronavirus epicenter, WHO says

[Reuters] Surveys show coronavirus pandemic savaging global economy

[CNBC] Goldman says buy gold now: ‘Time to buy the currency of last resort’

[CNBC] India’s prime minister orders lockdown of country of 1.3 billion people for 21 days

[Reuters] Norwegian unemployment hits more than 80-year high 10.9% due coronavirus

[Reuters] Airlines double estimated hit from coronavirus to $250 billion

[MSN/LA Times] Hoping to escape coronavirus, city dwellers are fleeing to California's deserts and mountains

[NYT] In World’s Most Vulnerable Countries, the Pandemic Rivals the 2008 Crisis