Tuesday, May 5, 2020

Wednesday's News Links

[CNBC] Stocks rise as investors bet on the economy reopening

[Reuters] Treasuries - Long-dated yields jump as Treasury increases auction sizes

[Reuters] Euro falls amid worries about ECB bond-buying 

[Reuters] Lira falls as Turkey seen short of options on reserves

[CNBC] US private payrolls drop by 20.2 million in April, the worst job loss in the history of ADP report

[Reuters] U.S. Treasury launches 20-year bond; increases offering sizes amid record borrowing

Tuesday Evening Links

[Reuters] Oil, stocks poised to gain in Asia on economic growth hopes

[AP] As US piles up debt to aid economy, even usual critics cheer

[Reuters] Exclusive: U.S. airlines burn $10 billion a month as traffic plummets

[Reuters] Fitch lowers Brazil outlook to 'negative' as crisis deepens

[Bloomberg] Defiant ECB Pledges Full Commitment After German Ruling on QE

[Bloomberg] Biggest Bailouts Yet Spark a Crisis of Confidence in Capitalism

[Bloomberg] Illinois Delays $1.2 Billion Debt Sale After Penalty Soars

[Bloomberg] Trump, Pompeo Back Theory Wuhan Lab to Blame for Covid. U.S. Intelligence Is Less Convinced

[Bloomberg] Erdogan’s Push for Cheap Credit Pays Off as Banks Turn on Taps

Tuesday Afternoon Links

[CNBC] Stocks extend rally, with the Dow up 400 points on hopes of economy reopening

[Reuters] Oil prices surge on demand hopes as lockdowns ease

[Reuters] Dollar gains after U.S. data; euro falls

[CNBC] US services sector posts biggest contraction since 2009 as coronavirus halts economic activity

[CNBC] Consumer debt hits new record of $14.3 trillion

[CNBC] Coronavirus live updates: Grocery prices are rising, while many Wendy’s restaurants run out of beef

[Yahoo/Bloomberg] Billionaire Sam Zell Sees Economy Permanently Scarred by Pandemic

[Reuters] Brazil's Bolsonaro confirms his top cop appointee replaced Rio police chief

[WSJ] New York Fed Paper Finds Pandemic a Century Ago Fueled Nazi Rise

[FT] German court calls on ECB to justify bond-buying programme