Tuesday, September 1, 2020

Wednesday's News Links

[Reuters] Stocks climb as recovery hopes gather strength

[Reuters] Dollar extends gains, Aussie lags, euro backtracks from $1.20 high

[Reuters] U.S. private payrolls increase modestly in August: ADP

[CNBC] Mortgage demand from homebuyers is now 28% higher than last year

[Reuters] Pelosi says 'serious differences' between Democrats, White House on coronavirus aid

[CNBC] Coronavirus live updates: Beijing to resume direct international flights; WHO warns ‘winter is coming’

[Yahoo] Federal Reserve: We got it ‘wrong’ on post-crisis rate hikes

[Yahoo/Bloomberg] Neediest Credit Card Users Are Seeing Their Limits Fall the Most

[Reuters] Australia's Q2 GDP shrinks at record pace as coronavirus pushes country into recession

[Reuters] EU markets watchdog says stocks rebound out of kilter with COVID-hit economy

[Reuters] Weak German retail sales dash hopes for strong recovery

[Yahoo/Bloomberg] JPMorgan Says Key Markets Brace for a Contested Election

[Yahoo/Bloomberg] Bridgewater’s Risk-Parity Shift Jolts a $400 Billion Quant Trade

[Forbes] China Has The World’s Largest Navy. And It’s Getting Better, Pentagon Warns

[Bloomberg] American Food Banks Are Being Overwhelmed by Worst Crisis Ever

[Bloomberg] U.S. Election Priced as Worst Event Risk in VIX Futures History

[Bloomberg] China Banks Have a Problem $96 Billion Can't Fix

[WSJ] U.S. Debt Is Set to Exceed Size of the Economy for Year, a First Since World War II

[WSJ] How’s the Coronavirus Economy? Great or Awful, Depending on Whom You Ask

Tuesday Evening Links

[CNBC] Stock futures rise slightly after strong start to September

[Yahoo/Bloomberg] Asia Shares to Open Mixed After Fresh U.S. Record: Markets Wrap

[Reuters] S&P, Nasdaq close at record highs in tech-fueled rally

[CNBC] White House moves to halt evictions as fears of coronavirus-fueled housing crisis grow

[Yahoo/Bloomberg] Fed’s Mortgage-Buying Spree at $1 Trillion With No End in Sight

[Reuters] U.S. economy needs more Fed stimulus 'in coming months,' Brainard says

[Reuters] Brazil nears four million coronavirus cases, death toll at 122,596: health ministry

[Bloomberg] Tech Traders Say Options Hedging Is Firing Up Rally in Nasdaq

[FT] Pentagon warns of China’s growing nuclear arsenal

Tuesday Afternoon Links

[Reuters] Wall Street advances as U.S. factory activity hits 19-month high

[CNBC] WH’s Meadows says state and local aid is biggest road block to stimulus deal, despite ‘real progress’

[CNBC] Home prices suddenly see biggest gains in 2 years

[Reuters] U.S. manufacturing activity strongest in nearly two years in August

[Reuters] U.S. construction spending almost flat in July: Commerce Department

[The Hill] Markets unprepared for wave of defaults in coming months: S&P Global

[Reuters] Thousands of small-business loans may have been fraudulent, House panel finds

[Reuters] Toyota's U.S. sales fall 23% in August

[Reuters] Brazil economy back to 2009 size after record 9.7% slump in second quarter

[Reuters] India accuses China of fresh 'provocative actions' at mountain border