Wednesday, March 25, 2020

Thursday's News Links

[[CNBC] Stocks rally for a third straight day, Dow now up 800 points

[CNBC] Japan shares drop more than 4% as investors await jobless claims data stateside

[Reuters] Oil prices mixed as demand shrinks, but stimulus hopes support

[CNBC] US weekly jobless claims soar to a record-breaking 3.28 million, vs 1.5 million expected

[Reuters] After Senate vote, massive U.S. coronavirus bill moves to the House

[Reuters] Fed's Powell: U.S. may be in recession, control of virus to dictate timing of economy reopening

[CNBC] Coronavirus live updates: US deaths soar past 1,000, according to Johns Hopkins University

[NYT] Europe’s Leaders Ditch Austerity and Fight Pandemic With Cash

[Bloomberg] Fed Is ‘Not Going to Run Out of Ammunition,’ Powell Vows

[Bloomberg] PBOC Acts to Stabilize Yuan After Currency Underperforms Peers

[Bloomberg] Fed’s Anti-Virus Lending Firepower Could Reach $4.5 Trillion

[Bloomberg] Risky U.S. Mortgages Face Reckoning in Market Spooked by Crisis

[Bloomberg] How The Crisis Nearly Blew Up One Of The World’s Safest Trades

[WSJ] Investors, Fearing Defaults, Rush Out of Junk Bonds

[WSJ] Coronavirus Pandemic’s Global Economic Toll Mounts

[WSJ] Why $2 Trillion Could Be Just the Start

[FT] When central banks take over securities markets

[FT] Coronavirus could wipe out US bank profits, says S&P

[FT] Coronavirus shutdowns cause glitches in gold market

[FT] Ford downgrades plunge its $36bn of debt into junk market

[FT] Coronavirus threatens India’s banking recovery before it even starts

Wednesday Evening Links

[CNBC] Dow jumps more than 2%, posts first back-to-back gain since February

[CNBC] Negative rates come to the US: 1-month and 3-month Treasury bill yields are now negative

[CNBC] Coronavirus live updates: Hundreds flood NYC hospital ICU, ERs; global cases top 466,000

[Yahoo/Bloomberg] World’s Rich Struggle to Get Hold of Gold in ‘Crazy’ Moment

[CNBC] New York City hospitals are nearly ‘maxed out,’ former FDA chief says

[Reuters] Bolsonaro calls Brazil coronavirus lockdown a 'crime', faces backlash

[Free FT] Draghi: We face a war against coronavirus and must mobilise accordingly

[Reuters] Absorb shock now or face permanent destruction, Draghi warns: FT

[Bloomberg] Distressed Debt Balloons to Almost $1 Trillion, Nears 2008 Peak

[Bloomberg] Oil’s 60% Crash Is the Tip of an Iceberg. The Reality Is Worse

[Bloomberg] Gold Coins Have Never Sold at a Premium This High for This Long