Thursday, April 30, 2020

Thursday Evening Links

[CNBC] Dow futures fall more than 100 points after Wall Street wraps up best month in three decades

[Reuters] Fed's balance sheet at $6.7 trillion, but growth pace down sharply

[AP] Trump harshly blames China for pandemic; a lab ‘mistake’?

[CNBC] Apple reports flat revenue and does not offer guidance because of coronavirus uncertainty

[CNBC] ‘If you’re a shareowner in Amazon, you may want to take a seat’ — Amazon reports earnings, plans to spend all Q2 profits on coronavirus response

[CNBC] Coronavirus live updates: Global cases top 3.2 million, farmers forced to dump excess fruit and flowers

[Reuters] Wells Fargo to stop granting home equity lines amid uncertainty: sources

[CNBC] New York City’s subway system may turn to the Federal Reserve for a loan, meets bond investors Friday

[Reuters] Trump says China either could not stop virus spread or let it spread

[Reuters] Exclusive: Wells Fargo shifts energy bankers to focus on bankruptcies

Thursday Afternoon Links

[Reuters] Wall St. caps best month in decades with broad sell-off

[Reuters] Pelosi: state, local governments could need $1 trillion for coronavirus costs

[Reuters] Fed expands 'Main Street' program to firms with up to 15,000 workers

[CNBC] Coronavirus live updates: NYC pauses 24-hour subway service, funeral home blasted for storing corpses in vans

[CNBC] Florida has overtaken California as the US jobless claims capital

[Reuters] Mexico's Pemex posts massive $23.6 billion first quarter loss

[AP] US mortgage rates at all-time lows; 30-year loan at 3.23%

[AP] Germany wary of lifting lockdown, despite economic pain

[Bloomberg] State Unemployment Funds Going Broke From Record Flood of Claims

[Bloomberg] Junk-Bond ETFs Add Most Since 2015 on Fed’s Fallen-Angel Pledge

[Bloomberg] Lockdown Isn’t Flattening India Virus Curve as in Italy or Spain

[WSJ] Coronavirus Pushes Colleges to the Breaking Point, Forcing ‘Hard Choices’ about Education

[WSJ] Record Contraction in Eurozone Bodes Ill for Global Economy

[FT] Federal Reserve extends $600bn main street lending programme

Thursday's News Links

[Reuters] Wall Street slides after jobless claims data

[Reuters] Oil prices rise on some signs of pick up in fuel demand

[CNBC] US weekly jobless claims hit 3.84 million, topping 30 million over the last 6 weeks

[AP] 30 million have sought US unemployment aid since virus hit

[Yahoo/Bloomberg] U.S. Personal Spending Plummeted by a Record 7.5% in March

[Reuters] Special Report: Trump told Saudis: Cut oil supply or lose U.S. military support - sources

[CNBC] Coronavirus live updates: California to close beaches after weekend crowds, quarterly results reveal pressure

[AP] European economy in record drop, central bank steps up aid

[Reuters] China's April factory activity unexpectedly dips as export orders collapse - Caixin PMI

[CNBC] Slowing global demand due to coronavirus hits China’s manufacturing sector in April, two sets of data show

[Reuters] China's service sector activity expands at a faster pace in April - official PMI

[Yahoo/Bloomberg] Biggest Banks Set Aside $66 Billion to Handle Bad Loans

[CNBC] Energy demand set to fall the most on record this year amid coronavirus pandemic, IEA says

[Yahoo/Bloomberg] Freddie Mac Earnings Plunge 88% on Expected Coronavirus Losses

[Reuters] Exclusive: Trump says China wants him to lose his bid for re-election

[NBC] China says it 'expelled' U.S. Navy vessel from South China Sea

[Bloomberg] Italy Fell Into Deep Contraction Even Before Full Lockdown Hit

[Bloomberg] Gold Soars in April as Top Central Banks Fight Pandemic’s Damage

[Bloomberg] Mountain of Bad Loans Leaves Indonesian Banks Craving Stimulus

[WSJ] Is This a Liquidity Crisis or a Solvency Crisis? It Matters to Fed

[WSJ] Trump’s Trade Deal With China Is Another Coronavirus Victim

[FT] Grim Jay Powell sets Federal Reserve up for the long haul

[FT] ECB launches fresh push to lend to banks at ultra-low rates

[FT] China faces wave of calls for debt relief on ‘Belt and Road’ projects

[FT] Turkey digs in for currency battle