Wednesday, July 1, 2020

Thursday's News Links

[Yahoo/Bloomberg] Stocks Rise After Jobs Report; Bonds Fall: Markets Wrap

[CNBC] US jobs increase by 4.8 million in June, vs 2.9 million estimate; unemployment rate at 11.1%

[CNBC] Weekly jobless claims rise more than expected in final week of June

[CNBC] Coronavirus live updates: U.S. reports a record 50,000 new cases in a day

[AP] Bars, restaurants pay price for California virus surge

[Yahoo/Bloomberg] Fed Mulls Explicit Forward Guidance, Stays Wary of Yield Targets

[Yahoo/Bloomberg] China’s Central Bank Is Signaling a Slower Pace of Easing

[Yahoo/Bloomberg] Ukraine Cancels Eurobond Sale After Central Bank Chief Quits

[CNBC] Manhattan apartment sales worst on record, biggest plunge in 30 years

[Reuters] Taiwan practices 'enemy annihilation' after China steps up activity

[Bloomberg] Fed Mulls Explicit Forward Guidance, Stays Wary of Yield Targets

[Bloomberg] China’s Corporate Debt Defaults Uncover Hidden Soft Spots

[Bloomberg] China Warns U.S., U.K. to Stop Criticism of New Hong Kong Law

[NYT] The Fed Sets Out Many Reasons to Worry About the Economy

[NYT] The ‘Rocket Ship’ Economic Recovery Is Crashing

[WSJ] Brace for an Autumn of Discontent

[WSJ] Coronavirus Surge Strains Municipal Bond Market, but Investors Still Pile In

[WSJ] How Success Against the Coronavirus Turned to Crisis in California

[WSJ] Nile Niami Is L.A.’s Megamansion King. Has He Built a House of Cards?

[FT] Fed’s Bullard says risk of financial crisis remains

Wednesday's Evening Links

[CNBC] Stock futures steady after Nasdaq hits record to start third quarter

[Reuters] Asian stocks set to track U.S. gains but Hong Kong jitters weigh

[CNBC] Coronavirus live updates: California rolls back reopening, NYC pauses indoor dining plans

[CNBC] Trump says he supports ‘larger’ payments to Americans than Democrats in next coronavirus relief bill

[Reuters] Fed revisits idea of pledging to keep interest rates low

[Bloomberg] Fed Mulls Explicit Forward Guidance, Stays Wary of Yield Targets

[FT] US daily coronavirus cases jump by more than 50,000 for first time

[FT] Hong Kongers look to the exits as China imposes security law

Wednesday Afternoon Links

[Reuters] Wall Street gains on vaccine hopes, improving economic data

[Reuters] U.S. companies not rushing to rehire workers; rising COVID-19 cases threaten recovery

[AP] US manufacturing bounces back in June on reopenings

[Yahoo/Bloomberg] California, Arizona See Biggest Daily Case Jumps: Virus Update

[CNBC] Arizona reports record spike in new coronavirus cases and deaths ahead of Pence’s visit

[AP] Cases spike in Sunbelt, other states back off on reopening

[CNBC] Coronavirus live updates: Study finds U.S. death toll is undercounted by up to 28% as new daily cases continue to climb

[Reuters] Fed's Daly sees 4-5 year recovery in best-case scenario

[Reuters] Shale drillers squeezed as banks tighten credit after oil crash

[Reuters] US loan issuance plummets in 2Q as market takes stock of new normal

[Reuters] Brazil's Petrobras to cut over 20% of workforce in mass downsizing

[Yahoo/Bloomberg] Tesla Overtakes Toyota as the World’s Most Valuable Automaker

[Reuters] Global hedge fund liquidations surge as coronavirus hurts returns: data

[Yahoo/Bloomberg] John Paulson, Winner in 2008 Crisis, Latest to Quit Hedge Funds

[Bloomberg] U.S. Readies Sanctions on China Over Rights Abuses in Xinjiang

[Bloomberg] Xi’s Hong Kong Power Play Puts China Ever More at Odds With West

[WSJ] A Recovery That Started Out Like a V Is Changing Shape