Wednesday, May 20, 2020

Wednesday Evening Links

[CNBC] U.S. stock futures flat as Wall Street takes a breather from week’s rally

[CNBC] Highly indebted ‘zombie’ companies control more than 2 million U.S. jobs

[Reuters] Fed debates longer-term crisis-fighting plan, minutes show

[Yahoo/Bloomberg] Fed Worries Turned to Financial Stability in April Meeting

[CNBC] U.S. housing finance regulator unveils new capital framework for Fannie, Freddie

[Reuters] Brazil coronavirus outbreak worsens, cases could soon be second highest in world

[Reuters] Global coronavirus cases surpass 5 million, infections rising in South America

[Reuters] Top HIV scientist says he wouldn't count on a vaccine for coronavirus soon

[Reuters] Ford shuts two U.S. assembly plants due to COVID-19 infections

[WSJ] Fannie, Freddie Should Hold $240 Billion in Capital After Return to Private Hands, FHFA Says

[FT] US Senate passes bill that puts some Chinese listings at risk

[FT] US sets $200bn fundraising goal for Fannie and Freddie

Wednesday Afternoon Links

[Reuters] S&P 500 hits two-month high on growing recovery hopes

[Reuters] Treasuries - Yields fall after first 20-year bond auction in decades

[Reuters] Oil rises on lower U.S. stocks, firmer demand

[CNBC] Fed minutes show fears of ‘extraordinary amount of uncertainty and considerable risks’ because of coronavirus

[Reuters] Fed policymakers pledged to act as appropriate, minutes show

[CNBC] Coronavirus live updates: NYC sees ‘striking’ decline in vaccinations; workers at reopened Ford plant test positive

[Reuters] Pompeo calls China virus response 'paltry' compared to damage done

[Yahoo/Bloomberg] BlackRock’s Biggest Credit ETF Swells to Record Amid Fed Pledge

[Yahoo/Bloomberg] First 20-Year Treasury Sale in a Generation Is Well-Received

[Yahoo/Bloomberg] Illinois Moves Toward First Test of Fed’s Muni-Lending Lifeline

[WSJ] The Day Coronavirus Nearly Broke the Financial Markets

[WSJ] Millions of Americans Skip Credit-Card and Car Payments

[FT] BoE says negative interest rates are ‘under review’ for first time

Wednesday's News Links

[Reuters] Stocks jump as investors hold out for recovery

[Reuters] Gold gains as bleak economic outlook stokes safe-haven demand

[Reuters] Oil up on lower U.S. stocks, firmer demand

[CNBC] Weekly mortgage applications point to a remarkable recovery in homebuying

[Reuters] China stands pat on benchmark rate, signals brief pause in easing efforts

[CNBC] China stocks up food and oil supplies as coronavirus spurs fears about shortages

[Reuters] Germany says proposed recovery fund is not about joint borrowing

[Yahoo/Bloomberg] ECB Finally Hears EU Cavalry Coming to Help Its Crisis Fight

[Yahoo/Bloomberg] Lira-Averse Banks Raise Concern in Turkey of Another Dollar Rush

[Yahoo/Bloomberg] Turkey Turns to Gulf Ally Again With $15 Billion Qatar Swap Line

[Reuters] Brazil suffers record coronavirus deaths, Trump mulls travel ban

[Reuters] Australian retail sales dive a record 17.9% in April: ABS preliminary estimate

[Reuters] Exclusive: In veiled warning to Iran, U.S. tells Gulf mariners to stay clear of its warships

[Bloomberg] China Vows Retaliation Over Pompeo’s Message to Taiwan’s Tsai

[Bloomberg] China’s New Outbreak Shows Signs the Virus Could Be Changing

[Bloomberg] Russia Joins Global Borrowing Boom With Record Bond Sale

[Bloomberg] Debt Woes Derail India’s Plan to Deliver Stronger Fiscal Support

[WSJ] States Step Up Reopenings, Hoping to Limit Economic Damage

[WSJ] Behind Bond Market’s Stall, Investors See Hard Times Ahead

[WSJ] Turkish Banks’ Big Foreign Debts Worry Investors