Weekend 04/18 & 04/19
Asian Oil Trading Legend Files For Bankruptcy After Hiding $800 Million In Losses, Secretly Selling Loan Collateral – Zerohedge
Just One Chart – Zerohedge
US Economy Contracting “At Sharpest Pace Since World War Two” & “The Worst Is Yet To Come” – Zerohedge
Disney to stop paying 100k employees as cost-saving measure: report – thehill
Goldman Now Sees A 123% Plunge In Q2 S&P Earnings, $850BN Drop In Corporate Cash Spending – Zerohedge
Getting Out Of Dodge: After Exiting Loans And Hiking Mortgage Standards, JPMorgan Stops Accepting HELOCs – Zerohedge
The Food Chain’s Weakest Link: Slaughterhouses – nyt
“The Fed Is All The Buyers Have”: The Banks Agree Stocks Have Never Been More Expensive – Zerohedge
Week ahead: Can you pay my bills! – nordea
We’ve never made a successful vaccine for a coronavirus before. This is why it’s so difficult – abc
Illinois Seeks a Bailout From Congress for Pensions and Cities – nyt
Why Mark Mobius says the stock market hasn’t seen an ‘absolute bottom’ yet – Marketwatch
These Photos Show the Staggering Food Bank Lines Across America – motherjones
Friday 04/17
Oil Stored At Sea Hits A Record 160 Million Barrels, Doubling In Two Weeks – Zerohedge
In the post-pandemic world, the US economy could be totally different – msn
Retirement expert: The ‘4% rule is no longer a safe withdrawal rate’ – yahoomoney
The US dollar is still king during the coronavirus – cnn
Buffett partner Munger calls coronavirus recession ‘the worst typhoon that’s ever happened,’ says CEOs too ‘frozen’ to ask for a bailout – Marketwatch
A blast of earnings news is coming, but the market may be more focused on when the economy will reopen – cnbc
“Spectacular Momentum Crash” Imminent As Record Human Hedge Fund Selling Meets Furious Robot CTAs Buying – Zerohedge
U.S. leading indicator points to deep economic slump – Reuters
These Charts Put the Historic U.S. Job Losses in Perspective – visualcapitalist
The Market Is Now Just 5 Stocks: S&P Now More Concentrated In Top 5 Names Then Ever – Zerohedge
Guggenheim’s Scott Minerd Sees Chance of S&P Falling as Low as 1,200 – Bloomberg
Story Time 1929-1936 – Zerohedge
IMF sees ‘lost decade’ of no growth in Latin America due to pandemic – Reuters
“A Bad Global Precedent” – Chinese GDP Collapses More Than Expected, Worst Since At Least 1992 – Zerohedge
Coronavirus: China’s economy shrank for the first time since 1976 in first quarter – scmp
Thursday 04/16
Business Live – guardian
Coronavirus live updates: Trump to unveil reopening guidelines, China races toward a vaccine – cnbc
France Reports Nearly 20k New Cases In A Single Day – Europe’s Biggest Jump In Weeks: Live Updates – Zerohedge
U.S. business formation tanks as coronavirus shuts economy – Reuters
Dow futures surge nearly 700 points in after-hour trade Thursday evening amid hope of coronavirus treatment – Marketwatch
The Great Lockdown Recession – robeco
Fed Officials Cautious on Recovery, Risks Include ‘Depression’ – Bloomberg
If the coronavirus-battered US economy doesn’t reopen like Trump wants in May, stocks could be creamed – yahoofinance
US economy could take two years to return to ‘full strength’, Federal Reserve says – independent
This Week’s Economic Data Is Terrible: Here Are The Latest Reports Showing The Impact Of Coronavirus – forbes
Kashkari Urges Banks To Sell $200BN In Stock “Now” To Survive The Coming Crash And Avoid Another Bailout – Zerohedge
Nightmare scenario for economy is becoming less likely, award-winning forecaster says – Marketwatch
Nasdaq 100 Surges Back Into Green For 2020, Small Caps Down 30% – Zerohedge
Spain to Launch ‘Minimum Living Wage’ for Poorest In May – Bloomberg
The next 45 days are the ‘most critical period in U.S. financial history,’ says stock-market expert who profited in 1987 and 2008 crises – Marketwatch
Philly Fed Collapses By Most Ever To 40 Year Lows – Zerohedge
22 Million Jobless Claims In 1 Month: Last 4 Weeks Erase All Jobs Created Since The Great Recession – Zerohedge
Coronavirus erases almost all the 23 million new jobs created since the Great Recession – Marketwatch
Jobless claims reach 22 million over four weeks – politico
Another 5.25 Million Americans Filed for Unemployment Last Week – Bloomberg
Record 22 million Americans file for unemployment benefits over past month as layoffs continue – usatoday
Another 5.2 million Americans filed for unemployment benefits last week – cnn
Morgan Stanley’s profit falls short, but trading beats estimates on market volatility – cnbc
German consumer prices slowed in March – Marketwatch
U.S. weekly jobless claims seen underscoring deepening economic slump – Reuters
Stocks slide and dollar rally runs as economic realities bite – Reuters
Wednesday 04/15
Oil slides to 18-year low as Covid-19 recession fears hit markets – business live – guardian
NYC Mayor Says Sense Of Normalcy Likely Won’t Return Until September As UK Reports Latest Numbers: Live Updates – Zerohedge
US stocks tumble on worsening economic data and falling oil prices: April 15, 2020 – cnn
COVID-19 Pandemic and the Asia-Pacific Region: Lowest Growth Since the 1960s – imf
US May Pay Shale Drillers Billions To Leave Oil In The Ground – Zerohedge
COVID-19 case tally climbs above 2 million, Johns Hopkins data shows – Marketwatch
Fed Beige Book: “Economic Activity Contracted Sharply And Abruptly Across All Regions” – Zerohedge
Investing Giants Gundlach, El-Erian, Marks Slam The Fed’s Takeover Of The Market – Zerohedge
WTI Extends Losses Below $20 After Record Surge In Crude Inventories – Zerohedge
Bracing For Impact: US Banks Set Aside $27 Billion For Credit Losses From The Coronacession – Zerohedge
US Industrial Production Crashes By Most Since End Of World War II – Zerohedge
Retail Icon JC Penney Prepares To File For Bankruptcy Protection – Zerohedge
Here Comes The Depression: Empire State Manufacturing Crashes Most Ever To -78, Lowest In History – Zerohedge
New York manufacturing hits record low reading of -78.2 amid coronavirus collapse – cnbc
Empire State manufacturing index plunges to record low in April – Marketwatch
US Retail Sales Crash By Most Ever In March, Despite Hoarding – Zerohedge
Americans are spending their coronavirus stimulus checks on food, gas and paying back friends – cnbc
BofA Profit Plunges 45% On $4.8 Billion In Expected Credit Losses From Coronacrisis – Zerohedge
Money Is Losing Its Meaning – Bloomberg
JPM Sees Global Profits “Cratering” 70% In Q2, No Recovery Until 2023 – Zerohedge
US banks prepare for a flood of bad loans – cnn
Oil falls 5% to $28 on oversupply concerns – Reuters
Oil Market Report – April 2020 – iea
Asia shares take a breather, China cuts medium-term rates – Reuters
China cuts medium-term borrowing costs to record low, steps up pandemic battle – Reuters
Tuesday 04/14
Chinese trade data improves, but Covid-19 recession fears mount – business live – guardian
Coronavirus pandemic upends daily life – cnn
US COVID-19 Deaths Set Daily Record As 1000s Die, Mostly In NY & NJ; Mnuchin Says Airlines Will Accept Bailouts: Live Updates – Zerohedge
World Economic Outlook, April 2020 — The Great Lockdown – imf
Global airlines’ estimated coronavirus losses rise to $314 billion – IATA – Reuters
Meet The “Fed Fighters”: Junk Bond ETF Shorts Hit An All Time High Despite Fed Backstop – Zerohedge
America’s manufacturing activity is about to crash by the most since World War II: Goldman Sachs – yahoofinance
What Happens When The Pandemic Ends? – Zerohedge
Rabobank: “The Fed Just Carved Central Planning Into The Bedrock Of The US Financial System” – Zerohedge
UK economy could shrink by 35% in April-June period – OBR – Reuters
Investing Is Dead: World’s Largest Asset Manager Says “We’ll Just Buy Whatever Central Banks Are Buying” – Zerohedge
Oil Tumbles As Saudis Quietly Launch New Price War With Record Discounts – Zerohedge
COVID-19 Crisis Poses Threat to Financial Stability – imf
I.M.F. Predicts Worst Downturn Since the Great Depression – nyt
Coronavirus ‘Great Lockdown’ to shrink global economy by 3% in 2020 -IMF – Reuters
IMF slashes growth forecasts, says world will ‘very likely’ experience worst recession since the 1930s – cnbc
Wells Fargo reports first-quarter EPS of just 1 cent as it sets aside more money for credit losses – cnbc
JPMorgan Braces for 450% More Pain from the Coronavirus – Bloomberg
JPMorgan Profit Plunges To 7 Year Low On $6.8 Billion In Loan Loss Reserves As Dimon Warns Of “Severe Recession” – Zerohedge
JPMorgan has set the tone for bank earnings in a way that rivals will wish it hadn’t – breakingviews
JPMorgan says unemployment could hit 20% and borrower defaults could get ‘meaningfully’ worse – cnbc
Alphabet soup: How will post-virus economic recovery shape up? – Reuters
Spain’s public employment services swamped by millions of coronavirus-related jobless claims – elpais
Fund managers haven’t put this much into cash since 9/11 attacks – Marketwatch
Australia jobless rate to spike but coronavirus restrictions to remain – Reuters
Fed to launch commercial paper liquidity backstop Tuesday – Reuters
Asia shares hit one-month high on Chinese trade data, easing pandemic worries – Reuters
China’s trade slump eases in March, but pandemic set to deepen export downturn – Reuters
Monday 04/13
Coronavirus live news: cases worldwide pass 1.85m as oil producers sign historic deal – guardian
Coronavirus live updates: Three West Coast states announce pact on reopening economy – cnbc
Mitigating COVID-19 Effects with Conventional Monetary Policy – frbsf
These Two D-Words Are About To Dominate The Post-Pandemic Recovery Debate – forbes
Stocks slip as market enters new phase, with investors worrying about balance sheets and the post-virus economy – cnbc
Slow, complicated and careful: What a reopening of the economy might look like – russell
India to issue sovereign gold bonds with interest rate of 2.5%: government – Reuters
IMF to provide debt relief to help 25 countries address pandemic – Reuters
Coronavirus-earnings season: What to expect as companies begin to report Tuesday – cnbc
The Emerging Emerging-Markets Crisis – guggenheim
Coronavirus stimulus checks: TurboTax launches tool to help Americans who don’t file tax returns – yahoomoney
Wall Street’s top stock market experts strike bullish tone – yahoofinance
Even Goldman Mocks The Absurdity Of Its Own “S&P To 3,000” Forecast – Zerohedge
Stock-market bull warns investors not to ‘chase the rally’ as ‘epic battle’ between Fed and coronavirus unfolds – Marketwatch
WHO Says 70 Vaccines in the Works, With Three Leading Candidates – Bloomberg
The Coronavirus Has Already Made Us Poorer for Years to Come – barrons
Borrower requests for government’s coronavirus mortgage bailout jump 78% in one week – cnbc
Morgan Stanley Publishes Full Timeline Of Upcoming Coronavirus Milestones; Sees Second Coronavirus Peak In December – Zerohedge
FIVE ECONOMIC CHARTS TO WATCH: EUROPE (COVID-19 EDITION) – factset
Goldman Sachs abandons its bearish near-term view on stocks, says the bottom is in – Marketwatch
Goldman Says U.S. Stocks Have Likely Bottomed on Policy Support – Bloomberg
Goldman says market is unlikely to make new lows because government is doing ‘whatever it takes’ – cnbc
Asian markets dip after deal to cut oil production – Marketwatch