Monday, March 30, 2020

Monday Evening Links

[CNBC] Stocks continue their rebound from coronavirus plunge, Dow jumps 3%

[Reuters] Brent tumbles to lowest since 2002, U.S. crude dips below $20/bbl

[Reuters] Emerging Markets - Mexico's peso leads Latam FX lower, Stocks edge up

[CNBC] Coronavirus live updates: Global cases continue to climb, tops 782,000

[Reuters] Coronavirus drives U.S. March auto sales off a cliff

[Reuters] Texas business activity falls off the coronavirus cliff

[Yahoo/Bloomberg] Unknowns Await Emerging Markets After Biggest Moves Since 2008

[Yahoo/Bloomberg] China Clashes at Virus Epicenter Show Risks Facing Xi Jinping

[AP] Rent strike idea gaining steam during coronavirus crisis

[Bloomberg] A Quarter of Annual Buyback Volume Was Yanked by Goldman Clients

[WSJ] U.S. Prepares for Prolonged Shutdowns as Coronavirus Strains Hospitals

[WSJ] The Fed Transformed: Jay Powell Leads Central Bank into Uncharted Waters

[WSJ] Pressure Mounts on Insurance Companies to Pay Out for Coronavirus

[FT] Emerging market central banks embark on radical stimulus policies

[FT] Staying at home is a luxury many Indian workers cannot afford

[FT] South Africa’s rand hits record low after debt downgrade

Monday Afternoon Links

[Reuters] Wall St. gains as investors weigh stimulus against shutdown

[CNBC] Coronavirus live updates: Maryland issues strict penalties for stay-at-home order violations, USNS Comfort arrives in NYC

[CNBC] Coronavirus job losses could total 47 million, unemployment rate may hit 32%, Fed estimates

[Reuters] Deaths, intubations swamp New Orleans doctors in coronavirus surge

[The Hill] Governor issues stay-at-home order for South Florida

[MSN/Bloomberg] Italy Risks Losing Grip in South With Fear of Looting, Riots

[Reuters] Indian police fire tear gas at jobless workers defying coronavirus lockdown

[Bloomberg] Volatility ‘Earthquakes’ Keep Lashing Wall Street’s Risk Models

[Bloomberg] ‘Little Flu’ Can’t Hurt Him: Why Bolsonaro Still Shuns Lockdowns

[Bloomberg] ECB Bought Record Amount of Debt Last Week in Virus Fight

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