Thursday, May 21, 2020

Thursday Evening Links

[CNBC] Stock futures rise slightly as Wall Street tries to recover from Thursday’s losses

[Reuters] Fed’s balance sheet tops $7 trillion, shows increased buying of corporate bond ETFs

[CNBC] The coronavirus is crushing bankrupt retailers’ hopes for a rebound – and threatening even more jobs

[Reuters] Argentina extends debt talks deadline as default looms

[Reuters] Brazil suffers record 1,188 daily coronavirus deaths

[NYT] Fed Chair Warns This Is a ‘Downturn Without Modern Precedent’

[NYT] Many Jobs May Vanish Forever as Layoffs Mount

Thursday Afternoon Links

[Reuters] Wall Street finishes down as U.S.-China tensions heighten trade deal worries

[Reuters] China set to impose new Hong Kong security law, Trump warns of strong U.S. reaction

[CNBC] Coronavirus live updates: NYC and NJ set timelines to expand reopening; GOP aims to drop expanded unemployment benefits

[AP] As nation reopens, a historic referendum on risk begins

[Reuters] Exclusive: A quarter of Americans are hesitant about a coronavirus vaccine - Reuters/Ipsos poll

[CNBC] American billionaires got $434 billion richer during the pandemic

[CNBC] Many Americans used part of their coronavirus stimulus check to trade stocks

[WSJ] Senators to Propose Bill Sanctioning Chinese Officials Over Hong Kong Security Law

[WSJ] Europe’s Recovery Imperiled by Banks Too Scared to Lend 

[FT] Federal Reserve’s swaps intervention will preserve dollar’s reach

[FT] British banks warn BoE against negative rates

[FT] China risks new Hong Kong protests by imposing security law

Thursday's News Links

[Reuters] Futures retreat as trade tensions add to pandemic woes

[Reuters] Shares lose footing, oil marches on

[Reuters] Oil at highest since March on lower U.S. inventories, recovering demand

[CNBC] Weekly jobless claims rose 2.438 million, vs 2.4 million estimate

[CNBC] Home sales dropped nearly 18% in April, while decline in inventory pushed prices to a record high

[Yahoo/Bloomberg] Trump Points Finger at China’s Xi, Escalating Fight Over Virus

[CNBC] White House report criticizes China’s economic policies, human rights violations

[CNBC] U.S.-China tensions will likely get worse ahead of November election, experts say

[Yahoo/Bloomberg] China’s Got a New Plan to Overtake the U.S. in Tech

[CNN] Trump administration approves arms sale to Taiwan amid China tensions

[Reuters] China says U.S.'s Pompeo 'blackmailing' Hong Kong government

[Reuters] COVID-era junk bond deals begin to go sour

[AP] China focused on jobs as national legislature meets

[Reuters] Japan exports fall most since 2009 as pandemic wipes out global demand

[Yahoo/Bloomberg] Fiscal Nightmare Ties Up Kuwait’s Stimulus With 40% Deficit

[Bloomberg] Home Mortgage Delinquencies Soar by Most on Record in April

[Bloomberg] Black Swan Author Spars With Quant Legend Over Tail Risk Hedges

[FT] What Xi knew: pressure builds on China’s leader | Free to read

[FT] Argentina on brink of default as it wrangles with bondholders 

[FT] Brazil emerges as a top global coronavirus hotspot