Wednesday, April 8, 2020

Wednesday Evening Links

[CNBC] Coronavirus live updates: Global cases cross 1.5 million, 2.4 million Californians have applied for unemployment since March 12

[Reuters] World's biggest oil producers at odds ahead of talks on major cuts

[Reuters] Trump says would like to reopen U.S. economy with a 'big bang'

[Reuters] Risky U.S. debt recovers from March lows on stimulus hopes

[Reuters] U.S. GDP will contract 30% in second quarter, 5% in 2020: PIMCO

[Bloomberg] Global Oil Deal in Sight After Russia Signals Readiness to Cut

[Bloomberg] Reserve Drawdown of $105 Billion Signals Emerging Currency Risk

[Bloomberg] IMF Works to Speed Support for Record Developing-Nation Requests

[Bloomberg] China Developers Were in Weakened Position Even Before Virus Hit

[Bloomberg] Rich Asians Face Billions in Losses on Popular Structured Notes

[NYT] ‘Never Seen Anything Like It’: Cars Line Up for Miles at Food Banks

[NYT] Europe’s Big Economies Brace for Sharpest Drop Since World War II

[WSJ] State Funding Woes Are Dragging the Fed Into Muni-Market Reboot

[FT] The EU’s ‘moment of truth’

[FT] Painful lessons from the Luckin Coffee scandal

Wednesday Afternoon Links

[Reuters] Wall Street climbs on hopes of outbreak peaking, Sanders suspending White House bid

[Reuters] Oil futures higher on production cut hopes as inventory build limits gains

[CNBC] Coronavirus live updates: Italy’s new cases accelerate, WHO warns leaders against politicizing outbreak

[CNBC] New York Gov. Cuomo says state won’t return to ‘normal’ as daily coronavirus deaths reach new high

[CNBC] Pelosi and Schumer push for emergency coronavirus bill with at least $500 billion more in aid

[Reuters] UK's Johnson 'improving' as he fights COVID-19 in intensive care

[CNBC] Bill Gates: This is how long it may take before Americans ‘can be completely safe’ from COVID-19

[Reuters] Coming next from the Fed: How much for Main Street?

[AP] DC fights to enforce distancing and braces for looming surge

[Bloomberg] Two Accounting Scandals in China in One Week Burn Investors

[Bloomberg] New York Construction Freeze Is Adding to Industry’s Debt Risk

Wednesday's News Links

[Reuters] Stocks edge higher as Trump suggests U.S. outbreak nearing peak

[AP] Global shares mostly lower amid worries on pandemic toll

[Reuters] Dollar creeps higher as virus worries return

[Reuters] Oil prices jump on hopes for OPEC, Russia meeting on output cuts

[CNBC] Coronavirus live updates: GM to produce 30,000 ventilators, US cases top 400,000

[Reuters] EU ministers fail to agree coronavirus economic rescue in all-night talks

[Reuters] Exclusive: China's central bank to step up easing, won't borrow Fed playbook - sources

[Reuters] Spain hits 14,500 coronavirus deaths, big economic slump forecast

[CNBC] Rice prices surge to 7-year high as coronavirus sparks stockpiling

[Bloomberg] Colleges With Empty Campuses Face an Uncertain Financial Future

[Bloomberg] Japan’s Economy in Emergency Set to Shrink 25%, Goldman Says

[Bloomberg] Luckin May Put Lasting Stain on China Inc. Listings

[Bloomberg] A $100 Billion REIT Rout Pulverizes Family Fortunes Across Asia

[Bloomberg] Oil Crash Spurs 92% Loss in JPMorgan Note and Clobbers Many More

[WSJ] Government and Businesses Turn Attention to Eventual Reopening of $22 Trillion U.S. Economy

[WSJ] India’s Food Supply Chain Frays as People Stay Home

[FT] Eurozone’s two biggest economies sink into historic recessions

[FT] New York luxury towers quake as coronavirus hits property market

[FT] Bolsonaro clashes with Brazil’s state governors over lockdown