Tuesday, July 14, 2020

Wednesday's News Links

[Reuters] Stock futures gain as vaccine hopes offset U.S.-China tensions

[Reuters] Dollar hits one-month low; riskier currencies gain on vaccine hopes

[CNBC] U.S. reports record 67,400 single-day spike of new coronavirus cases

[Reuters] Coronavirus cost jobs at a third of small firms open in May: global Facebook survey

[CNBC] Mortgage rates set yet another record low, but homebuyers pulled back

[Reuters] U.S. import prices beat expectations in June

[Reuters] Goldman profit blows past estimates on trading surge

[Politico] Trump signs Hong Kong sanctions bill in blow for China

[Reuters] China vows retaliation after Trump ends preferential status for Hong Kong

[Yahoo/Bloomberg] Father of the Z-Score Predicts a Surge in ‘Mega’ Bankruptcies

[Bloomberg] China Signals Clamp Down on Easy Money Amid Asset Bubble Fears

[NYT] China Vows to Retaliate After Trump Signs Hong Kong Sanctions Bill  

[FT] Doubts cloud China’s post-coronavirus recovery

[FT] Central Asian countries fear economic hit as virus cases surge

Tuesday Evening Links

[Yahoo/Bloomberg] U.S. Stock Futures Rise on Positive Results for Moderna Vaccine

[CNBC] Dow futures jump 300 points after Moderna says its vaccine produces antibodies to coronavirus

[Reuters] Wall Street surges, led by energy and materials

[CNBC] Trump signed law slapping sanctions on China for interference in Hong Kong

[Reuters] Trump says he is not interested in talking to China about Phase 2 deal

[Reuters] Fed officials warn on 'thick fog' ahead for U.S. economy as recovery concerns deepen

[Yahoo/Bloomberg] A Spate of Bank Runs Breaks Out in China, Fueled by Social Media

[Yahoo/Bloomberg] Lower Borrowing Costs Can’t Save India’s Shadow Banks in Crisis

[Yahoo/Bloomberg] Yield Curve Control Is Turning Australia Into a Carry Trade Haven

[NYT] Banks Stockpile Billions as They Prepare for Things to Get Worse

[WSJ] ‘This Is Not a Normal Recession’: Banks Ready for Wave of Coronavirus Defaults

[WSJ] Auto Makers Grapple With Worker No-Shows as Covid-19 Cases Surge

[WSJ] Sobering Economic Data From Europe, Asia Dash Hopes for Swift Recovery

Tuesday Afternoon Links

[Reuters] S&P 500, Dow rise after mixed bank earnings; tech-heavy Nasdaq falls

[Reuters] Global stocks rebound on cyclical surge, gold edges higher

[Reuters] Dollar falls as investor sentiment recovers despite virus surge

[CNBC] Coronavirus live updates: New York adds states to travel advisory; pandemic roils corporate earnings

[CNN] Miami is now the coronavirus epicenter as cases surge, expert says

[AP] Banks set aside billions, bracing for more economic pain

[UK Express] South China Sea fury: Beijing blasts ‘disruptor of peace’ US for ‘highly dangerous’ moves

[BBC] South China Sea: What's China's plan for its 'Great Wall of Sand'?

[Bloomberg] Traders Set Record Bets on Amazon, Chinese Stocks Jumping Higher

[WSJ] China Provocations Hasten Japan’s Military Revival

[FT] US banks set aside record $28bn loan losses in second quarter

[FT] US tech stands out as investors’ ‘most crowded’ trade