Thursday, April 16, 2020

Friday's News Links

[Reuters] Super-charged global stocks race towards second weekly gain

[Reuters] Oil rises as Trump plans to ease lockdown

[Reuters] Trump to release guidelines for phased-in re-opening of U.S. economy

[Reuters] China's first-quarter GDP posts first decline on record as virus shuts down economy

[Reuters] China March industrial output falls 1.1% y/y, better than forecast; Q1 investment slides 16.1%

[CNBC] Coronavirus live updates: Cases in Russia jump, Google told to respect data privacy

[AP] China’s economy in worst downturn since ’70s in virus battle

[AP] Europe car sales tank 55% in March on coronavirus lockdowns

[Bloomberg] Hedge Fund Hotshots Suffer Humbling Losses in Coronavirus Chaos

[Bloomberg] Meet Fed’s Nine New Offspring, Each With Different Market Role

[Bloomberg] Banks Have $13 Billion of Junk Debt They Can’t Wait to Sell

[NYT] China’s Economy Shrinks, Ending a Nearly Half Century of Growth

[WSJ] Coronavirus Ravages China’s Economy—and It’s Just Getting Started

[WSJ] Mnuchin Under Growing Pressure to Help Struggling Mortgage Companies

[FT] Editorial Board: Fed’s junk bond purchases should be short-term

[FT] Giant US bond managers suffer March bloodbath

[FT] Coronavirus threatens $500bn hole in US state budgets

[FT] Jair Bolsonaro triggers furore by firing Brazil’s health minister

Thursday Evening Links

[CNBC] Dow futures rip 700 points higher amid report Gilead drug showing effectiveness treating coronavirus

[Reuters] Wall Street rises as Amazon and Netflix hit record highs

[Reuters] Oil prices mixed after OPEC lowers oil demand forecast due to coronavirus

[CNBC] Coronavirus live updates: 2020 swing states clobbered by pandemic, but Fed’s Harker says jobs will return

[CNBC] New York and other East Coast states extend shutdown of nonessential businesses to May 15, Gov. Cuomo says

[CNBC] Small business rescue loan program hits $349 billion limit and is now out of money

[Reuters] Fed's Bostic: Small business may need up to $500 bln monthly in support through crisis

[Reuters] Britain cannot ease up on lockdown at this dangerous stage - minister

[CNBC] Hedge fund Elliott says stocks could fall 50% from February highs

[WSJ] China’s Export Restrictions Strand Medical Goods U.S. Needs to Fight Coronavirus, State Department Says

[FT] Neiman Marcus misses bond payments to hedge fund