Sunday, March 29, 2020

Monday's News Links

[CNBC] Dow jumps 200 points as Wall Street continues last week’s rebound after virus measures extended

[Reuters] Oil plunges to 2002 lows, shares sink again

[Reuters] U.S. crude dips below $20 as lockdowns wipe out demand

[Reuters] Dollar, yen up as investors seek shelter amid pandemic crisis

[Reuters] China unexpectedly cuts reverse repo rate by most in 5 yrs to support virus-hit economy

[CNBC] Coronavirus live updates: New US cases outpace world, J&J eyes human vaccine testing

[CNBC] Goldman on how the ‘largest economic shock of our lifetimes’ will permanently alter energy markets

[CNBC] Mortgage bankers warn Fed mortgage purchases unbalanced market, forcing margin calls

[Yahoo/Bloomberg] China Rejoins Global Monetary Easing Wave as World Shutdowns Hit

[Reuters] DoJ reviews stock trades by lawmakers after coronavirus briefings: CNN

[Reuters] Syria reports first coronavirus death as fears grow of major outbreak

[Reuters] Short-selling bans not useful - stock exchanges federation

[Bloomberg] Zoltan Pozsar and Perry Mehrling On The Historic Crisis Of Financial Market Plumbing

[Bloomberg] Australia’s Banking Chiefs Warn of Extreme Economic Pain Ahead

[WSJ] After Coronavirus, We Will Have to Reckon With the Debt

[WSJ] Hidden Chinese Lending Puts Emerging-Market Economies at Risk

[FT] Bad debt surge threatens Chinese banks’ balance sheets

Sunday Evening Links

[CNBC] Dow futures drop more than 300 points as Wall Street gives back some of last week’s gains

[Reuters] Crude oil futures drop at open on grim demand outlook

[CNBC] President Trump extends national social distancing guidelines through April 30

[CNBC] ‘Nothing is out of the question’: What it would take for the Fed to start buying stocks

[Bloomberg] China’s Big Banks Brace for the Worst After Record Profit Run

[WSJ] America’s Make-or-Break Week

[FT] US companies seek clarity on $454bn lending fund

Sunday Afternoon Links

[CNN] US could see millions of coronavirus cases and 100,000 or more deaths, Fauci says

[CNBC] Coronavirus live updates: Field hospital set up inside Central Park, Moscow tightens coronavirus rules

[CNBC] Michigan and Louisiana are becoming virus hot spots — their governors warn supplies are running out

[CNBC] The coronavirus is starting to hit rural America hard—here’s a map of the counties most affected

[MSN/Washington Post] ‘It’s no different from New York’: Urban centers nationwide gird for catastrophic virus outbreak

[Reuters] Partisan divide returns in U.S. Congress on coronavirus next steps

[Reuters] Italy coronavirus deaths rise by 756, lifting total death toll to 10,779

[Reuters] Britons warned some coronavirus lockdown measures could last months

[AP] Virus forces Europeans to ask: How united do we want to be?

[WSJ] After Fed Unleashes Firepower, Washington Rearms Central Bank

[WSJ] Coronavirus Threatens to Overwhelm Cities’ Social Safety Net