Monday, April 20, 2020

Tuesday's News Links

[Reuters] Stocks slide as sub-zero U.S. crude adds to pandemic jitters

[CNBC] Oil continues unprecedented sell-off: June futures drop 20%, May contract still has a negative price

Monday Evening Links

[Reuters] South Korean currency tumbles as unconfirmed report indicates that North Korea’s Kim Jong Un is seriously ill

[Reuters] Oil price crashes into negative territory for the first time in history amid pandemic

[Reuters] Plunge in U.S. oil prices sinks equities; bonds yields edge lower

[CNBC] Coronavirus live updates: Georgia governor says some businesses can reopen, California town to test every resident

[CNBC] The oil industry has never been in a crisis quite like this and many producers will not survive

[AP] Late-stage negotiations on $450B virus aid program drag on

[Reuters] Schumer urges Fed's Powell to open loan programs to nonprofits, local governments

[CNBC] Amazon warehouse workers plan nationwide protest this week to demand coronavirus protections

[CNBC] Coronavirus antibody testing shows LA County outbreak is up to 55 times bigger than reported cases

[Reuters] Argentina creditors refuse to tango on debt restructuring proposal

[Bloomberg] Oil Plunges Below Zero for First Time in Unprecedented Wipeout

[Bloomberg] China Creditor Squeeze Prompts Slowdown in Record Bond Defaults

[Bloomberg] Emerging Markets Have Never Experienced A Crisis Like This Before

[WSJ] Stress Endures in Market Where Big Companies Turn for Cash

[WSJ] States Burn Through Cash for Unemployment Payments

[WSJ] In Race for Small-Business Loans, Winning Hinged on Where Firms Bank

[FT] Goldman sees spike in payment holiday requests from retail customers

Monday Afternoon Links

[Reuters] Traders hightail it out of U.S. oil contract as prices reach negative $40

[Reuters] Wall Street drops as U.S. producers can not give crude away

[UK Express] EU on the brink: Brussels warned of 'domino effect' if bloc fails to save Italy's economy

[Reuters] U.S. restaurants seek more aid, on track to lose $240 billion by end of 2020

[Reuters] Mortgage payments paused or reduced for 3 million U.S. households, survey suggests

[Reuters] IMF may need 'exceptional measures' to facilitate pandemic response: Georgieva

[UK Guardian] Brazilian president Jair Bolsonaro denounced for joining pro-dictatorship rally

[Bloomberg] Italy’s Conte Calls for Joint Bonds Ahead of EU Summit Clash

[FT] EU coronavirus recovery fund plans face political bear traps

[FT] ECB pushes for eurozone bad bank to clean up soured loans