Wednesday, April 8, 2020

Thursday's News Links

[Reuters] Wall Street jumps after Fed's massive stimulus, jobless claims data

[CNBC] Oil jumps 12% amid report Saudi Arabia and Russia have reached a deal, cut could reach 20 million barrels per day

[Reuters] Global stocks gain on hopes pandemic is nearing peak

[CNBC] Federal Reserve unveils details of $2.3 trillion in programs to help support the economy

[CNBC] US weekly jobless claims total 6.6 million, vs 5 million expected

[Reuters] Democrats, Republicans at odds over next coronavirus aid

[CNBC] Coronavirus live updates: Gottlieb says US won’t be able to make enough treatment to meet demand

[AP] Virus casts a dark cloud over once-thriving home market

[Reuters] PM Johnson 'getting better' in intensive care

[UK Guardian] EU risks break-up over 'coronabonds' row, warns Italian PM

[Reuters] IMF chief says pandemic will unleash worst recession since Great Depression

[Reuters] BOJ's Kuroda warns corporate funding strains worsening

[Reuters] ECB minutes show qualms about pulling out all stops in virus fight

[Bloomberg] Missed Rent Payments Cascade Across the Real Estate Industry

[Bloomberg] Old Animosity Haunts Europe Grasping for Response to Pandemic

[Bloomberg] Coronavirus May ‘Reactivate’ in Cured Patients, Korean CDC Says

[WSJ] Fed Expands Corporate-Debt Backstops, Unveils New Programs to Aid States, Cities and Small Businesses

[WSJ] Nearly a Third of U.S. Apartment Renters Didn’t Pay April Rent

[FT] Fed to provide extra $2.3tn in loans

[FT] Gold bugs vindicated by coronavirus rally

[FT] Muni bond issuers and investors call for rapid relief from the Fed

[FT] Transcript: Bill Gates speaks to the FT about the global fight against coronavirus

[FT] The pandemic will forever transform how we live

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