Thursday, April 30, 2020

Thursday, April 30, 2020
Doug Noland Posted on April 29, 2020

[Reuters] Wall Street slides after jobless claims data

[Reuters] Oil prices rise on some signs of pick up in fuel demand

[CNBC] US weekly jobless claims hit 3.84 million, topping 30 million over the last 6 weeks

[AP] 30 million have sought US unemployment aid since virus hit

[Yahoo/Bloomberg] U.S. Personal Spending Plummeted by a Record 7.5% in March

[Reuters] Special Report: Trump told Saudis: Cut oil supply or lose U.S. military support – sources

[CNBC] Coronavirus live updates: California to close beaches after weekend crowds, quarterly results reveal pressure

[AP] European economy in record drop, central bank steps up aid

[Reuters] China’s April factory activity unexpectedly dips as export orders collapse – Caixin PMI

[CNBC] Slowing global demand due to coronavirus hits China’s manufacturing sector in April, two sets of data show

[Reuters] China’s service sector activity expands at a faster pace in April – official PMI

[Yahoo/Bloomberg] Biggest Banks Set Aside $66 Billion to Handle Bad Loans

[CNBC] Energy demand set to fall the most on record this year amid coronavirus pandemic, IEA says

[Yahoo/Bloomberg] Freddie Mac Earnings Plunge 88% on Expected Coronavirus Losses

[Reuters] Exclusive: Trump says China wants him to lose his bid for re-election

[NBC] China says it ‘expelled’ U.S. Navy vessel from South China Sea

[Bloomberg] Italy Fell Into Deep Contraction Even Before Full Lockdown Hit

[Bloomberg] Gold Soars in April as Top Central Banks Fight Pandemic’s Damage

[Bloomberg] Mountain of Bad Loans Leaves Indonesian Banks Craving Stimulus

[WSJ] Is This a Liquidity Crisis or a Solvency Crisis? It Matters to Fed

[WSJ] Trump’s Trade Deal With China Is Another Coronavirus Victim

[FT] Grim Jay Powell sets Federal Reserve up for the long haul

[FT] ECB launches fresh push to lend to banks at ultra-low rates

[FT] China faces wave of calls for debt relief on ‘Belt and Road’ projects

[FT] Turkey digs in for currency battle

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