Wednesday, June 10, 2020

Thursday's News Links

[CNBC] Dow plunges more than 900 points on worries of second coronavirus wave, airlines and retailers fall

[Reuters] Stocks spooked, bonds rally on downbeat Fed

[Reuters] Oil prices hit by record U.S. crude inventories, bearish Fed

[AP] 1.5 million more laid-off workers seek unemployment benefits

[Reuters] International trade set to shrink 27% in second quarter after April 'nosedive', says UNCTAD

[Reuters] Coronavirus spreads among fruit and vegetable packers, worrying U.S. officials

[AP] China auto sales up 14.5% in May, recovering after pandemic

[Reuters] Australian PM on China tensions: country won't trade values in response to 'coercion'

[Reuters] EU to file antitrust complaint against Amazon over treatment of third party sellers: WSJ

[Yahoo/Bloomberg] Credit Crisis in India Fuels Woes at Weaker Corporate Borrowers

[Yahoo/Bloomberg] Blame the Fed for the Disconnect in Markets

[Reuters] China condemns 'provocative' U.S. military flight over Taiwan

[Bloomberg] Second U.S. Virus Wave Emerges as Cases Top 2 Million

[Bloomberg] Brawls Erupt in U.S. Debt Markets After Borrowers Get Desperate

[WSJ] A Scramble for Gold Is Redrawing the Map of the Market

[WSJ] Investors Get Ready for the Fed to Cap Rates

[WSJ] A Rising China’s Underclass Is Suddenly Thrust Into the Light

[FT] Central banks’ appetite for dollars limited as conditions ease

[FT] Why the US risks a new epidemic of violence

Wednesday Evening Links

[Yahoo/Bloomberg] Asia Stocks, U.S. Futures Drop After Sobering Fed: Markets Wrap

[Reuters] Asia stocks set to fall on Fed's dour outlook

[Reuters] Bond yield caps remain in market sight after Powell comments

[Yahoo/Bloomberg] Dovish Powell Sees Fed Keeping Foot on Gas Until Jobs Come Back

[Reuters] Fed's Powell puts spotlight on unequal U.S. economy, citing 'pain of racial injustice'

[Reuters] Brazil's COVID-19 death toll nears 40,000

[Bloomberg] Lack of Liquidity in India Market Fuels Woes at Weaker Borrowers

[WSJ] The Fed’s Work Is Far From Done

[FT] China faces outcry after premier admits 40% of population struggles

Wednesday Afternoon Links

[CNBC] Fed sees interest rates staying near zero through 2022, GDP bouncing to 5% next year

[CNBC] Here’s what changed in the new Fed statement

[CNBC] Dow and S&P 500 post back-to-back losses, but Nasdaq closes above 10,000 for the first time

[Reuters] Possible Fed move to cap yield rise could further weaken U.S. dollar

[AP] US consumer spending sinks by record 13.6% in face of virus

[Reuters] A casino or stock market? Retail buying frenzy goes wild

[CNBC] Market gone wild: Penny stocks are up nearly 80% on average in the last week

[Bloomberg] U.S. May Budget Deficit $399 Billion, Almost Double Year Earlier

[Bloomberg] World Economy Crash Sparks Warning on Early Lifeline Withdrawal

[Bloomberg] Soaring Debt, Record Losses: The Airline Crisis in Four Charts