Thursday, July 9, 2020

Friday's News Links

[Reuters] Stocks jittery as record U.S. virus count curbs risk appetite

[Yahoo/Bloomberg] U.S. Treasuries Lead Rally in Long-Dated Bonds on Haven Demand

[CNBC] U.S. producer prices unexpectedly fall in June

[Reuters] Fed balance sheet below $7 trillion, repo drops to zero for first time since September

[Reuters] U.S. recovery in limbo as retail traffic falls in virus hot spots

[Yahoo/Bloomberg] Biggest U.S. Banks Set for Worst Quarter Since Financial Crisis

[CNBC] U.S. reports record single-day spike of 63,200 new coronavirus cases

[CNBC] Coronavirus live updates: Italy to extend state of emergency; Nevada rolls back reopen for bars

[Yahoo/Bloomberg] China Credit Growth Accelerates in June as Economy Recovers

[Reuters] China bank lending hits record $1.72 trillion in first half after solid June

[AP] China auto sales off 22.4% in first half of 2020

[Reuters] Cash flows into China funds fuel fears of 2015 boom-bust repeat

[Bloomberg] China State Funds Start Selling in Warning Sign for Stock Rally

[NYT] California, After Riding a Boom, Reckons With Hard Times

[FT] The leveraging of America: how companies became addicted to debt

[FT] California squanders early lead in fight against coronavirus

[FT] Anthony Fauci: ‘We are living in the perfect storm’

Thursday Evening Links

[Yahoo/Bloomberg] Stocks Drop on Coronavirus Spread; Treasuries Jump: Markets Wrap

[MarketWatch] 10-year Treasury yield plumbs April low after best 30-year bond auction since 2014

[Yahoo/Bloomberg] Oil Tumbles With Corporate Layoffs, Virus Clouding Recovery

[Reuters] Coronavirus records in Florida, Texas and California erode hopes of economic revival

[CNBC] Coronavirus live updates: California gears up for fire season as coronavirus cases surge

[CNBC] Big restaurant chains are recovering faster than the rest of the industry, Bank of America says

[Yahoo/Bloomberg] High-Grade Bond Funds Rake in More Cash With $7.18 Billion Added

[Yahoo/Bloomberg] Hedge Fund Says Bonds Close to ‘Tipping Point’ After Debt Binge

[Yahoo/Bloomberg] Fannie-Freddie Profit Sweep Draws U.S. Supreme Court Review

[Yahoo/Bloomberg] University of California Faces Hardship and Eager Bond Buyers

[Bloomberg] Covid-19 Is Bankrupting American Companies at a Relentless Pace

[Bloomberg] Global Banks Risk Breaching China Law by Complying With U.S.

[Bloomberg] World’s Leading Economies Remain Fragile After Rebound

[Bloomberg] China’s ‘Too Fast, Too Sudden’ Bond Rout at Mercy of Stock Rally

[Bloomberg] Scandal-Hit Punjab National Bank Reports $492 Million Fraud

[WSJ] China Tries to Keep Market Exuberance Under Control

Thursday Afternoon Links

[CNBC] Dow falls more than 300 points, but Nasdaq turns back positive as tech recovers

[CNBC] Coronavirus live updates: California and Florida hit by surging infections as Fauci warns of renewed shutdowns

[Reuters] U.S. Treasury chief supports more direct payments in next coronavirus aid bill

[CNBC] Fewer Americans may get a second stimulus check. What we know about the next round of payments

[Reuters] S&P Global expects coronavirus to cost banks $2.1 trillion

[Reuters] Exclusive: U.S. finalizing federal contract ban for companies that use Huawei, others