Thursday, April 23, 2020

Friday's News Links

[Reuters] Wall Street higher on signs of lockdown easing

[Reuters] Global stocks fall on worries over EU stimulus details, coronavirus drug

[Reuters] Oil heads for steep weekly slide after coronavirus turmoil

[CNBC] Coronavirus live updates: Trump comments ‘dangerous,’ Spain reports lowest new deaths in a month

[Reuters] U.S. core capital goods orders unexpectedly rise in March

[AP] Fed will provide monthly disclosures on support programs

[Reuters] Indecisive EU to force ECB into more emergency action

[Yahoo/Bloomberg] Trump Developing Plans to Aid Oil Despite Democrats’ Opposition

[Yahoo/Bloomberg] Lebanon’s Dollar Peg Gives Way to Currency Chaos After Default

[Yahoo/Bloomberg] Everything China Is Doing to Support Its Markets During Pandemic

[Yahoo/Bloomberg] $1 Trillion Debt Pardon Needed for Developing Economies, UN Says

[Reuters] U.S. food banks run short on staples as hunger soars

[Reuters] U.S. must demand transparency of Chinese debt in any debt restructuring deals: senators

[Reuters] Mexico's central bank says falling commodity prices complicate stimulus plans in emerging markets

[Bloomberg] China’s Virus Cases Could Have Been Four Times Official Tally

[Bloomberg] Germany Braces for Worst Economic Slump in Its Post-War History

[Bloomberg] Hedge Funds Are on Defense and Testing the Stamina of a $5 Trillion Stock Rally

[WSJ] Grocers Hunt for Meat as Coronavirus Hobbles Beef and Pork Plants

[FT] Fed’s bailout role could put it in political crosshairs

[FT] US banks pull back from lending to European companies

[FT] Insurers face biggest-ever losses, warns Lloyd’s chief

[FT] Claims mount against Singapore’s Hin Leong

Thursday Evening Links

[CNBC] Stocks quickly cut gains after report says potential Gilead virus treatment flops in trial

[CNBC] Trump says he may extend coronavirus social distancing guidelines to early summer

[CNBC] Coronavirus live updates: California reports ‘deadliest day’ yet, global lockdowns ease

[CNBC] US issues new guidance for small business loans, pressures public companies to return funds

[Reuters] Bankruptcy looms over U.S. energy industry, from oil fields to pipelines

[Reuters] Dallas hotelier gets $58.7 million in small business bailout funds

[Bloomberg] Gilead Tumbles After Latest Data Leak on Virus Drug Trials

[Bloomberg] Ray Dalio Dives Deep Into Money to Explain Changing World Order

[Bloomberg] Over 10% of CLOs Fail Collateral Tests, Putting Payouts at Risk

[WSJ] Fed Focuses on Lending Programs, but Monetary Policy Deliberations Loom

[WSJ] New Junk Bond Sales Add to Growing Tally

[FT] Germany throws weight behind EU recovery fund

[FT] Eurozone bank stress starts to show in funding markets

[FT] The risk of a US double-dip depression is real

[FT] Gilead antiviral drug remdesivir flops in first trial

[FT] US lawyers and insurers must face Covid-19 liability

[FT] Beijing clamps down on Hong Kong under cover of coronavirus