Monday, April 27, 2020

Monday Evening Links

[Reuters] U.S. stocks advance as some states reopen for business

[MarketWatch] U.S. oil price drops nearly 25% to finish below $13 a barrel

[Reuters] U.S. Fed extends help to smaller cities and counties

[CNBC] The Fed won’t move on rates this week, but here are some other things it could do

[Reuters] U.S. Senate Republican leader sees further aid for states, cities

[AXIOS] Coronavirus breaks the food supply chain

[CNBC] Coronavirus live updates: Texas to lift restrictions this week, SF extends shelter in place through May

[AP] Virus is expected to reduce meat selection and raise prices

[Reuters] Nearly 7% of U.S. mortgage borrowers receiving payment relief, industry survey shows

[AP] Digital-ad downturn may complicate life for Google, Facebook

[AP] Is Brazil the next big hot spot as other nations ease up?

[FT] China’s biggest bank halts investment in products linked to oil

[WSJ] Fed Will Broaden Municipal Lending Program Eligibility

[WSJ] The Reach for Yield Survives Coronavirus Market Shock

Monday Afternoon Links

[Reuters] Wall Street gathers steam as U.S. states prepare to reopen

[AP] Questions swirl as Fed meets amid deepening economic crisis

[CNBC] Coronavirus live updates: New poll finds outsized impact in New Jersey, governor warns of ‘Armageddon’ scenario

[Reuters] China asks banks to halt new sales of products that may lead to unlimited losses: sources

[Reuters] Trump slams cities, states seeking U.S. aid to offset coronavirus losses

[CNBC] NJ governor says the state needs more federal assistance to avoid an ‘Armageddon’ scenario

[Reuters] Brazil economic outlook darkens as Citi predicts 'worst annual contraction ever'

[Reuters] Global coronavirus cases pass three million as lockdowns begin to ease

[UK Guardian] Major US meat producer warns 'food supply chain is breaking'

[Bloomberg] Oil ETF Wreaks Havoc on Crude Market in Wake of Sub-Zero Prices

[WSJ] The Federal Reserve Is Changing What It Means to Be a Central Bank

Monday's News Links

[Reuters] Shares jump as investors cheer lockdown easing, more stimulus

[CNBC] Oil plunges 25%, extending recent losses as storage fills

[Reuters] U.S. dollar falls as lockdowns ease and traders turn less averse to risk

[Reuters] Italian government bonds rally on S&P ratings relief

[CNBC] Coronavirus live updates: Ex-FDA chief still sees ‘pervasive spread’ in US, VW restarts production

[Reuters] BOJ ramps up risky asset buying, pledges unlimited bond buying

[Reuters] Bank of Japan expands stimulus again as pandemic pain deepens

[Yahoo/Bloomberg] Bank of Japan Ramps Up Stimulus With Pledge for Unlimited Bond Buying

[AP] A flood of business bankruptcies likely in coming months

[Reuters] Apple to delay mass production of 2020 flagship iPhones: WSJ

[Reuters] Brazil consumer, business confidence slumps to lowest on record -FGV

[Bloomberg] Bank of Japan Ramps Up Stimulus With Pledge for Unlimited Bond Buying

[Bloomberg] China’s Biggest Bank Halts Retail Products in Commodities

[Bloomberg] Rich Asians Feel Pain on $10 Billion of Bond Bets After Crash

[WSJ] Pandemic Triggers a Wave of Distress, Bankruptcy in Corporate America

[WSJ] U.S. Debates How Quickly It Can Reopen

[FT] Bank of Japan steps up coronavirus stimulus with bond-buying pledge

[FT] Fed under pressure to be clearer on coronavirus outlook

[FT] Bank of Japan to tighten grip on corporate bond market

[FT] Coronavirus deepens frustrations of young in Middle East