MARKET NEWS / CREDIT BUBBLE DAILY

Thursday, May 14, 2020

MARKET NEWS / CREDIT BUBBLE DAILY
Thursday, May 14, 2020
Doug Noland Posted on May 13, 2020

[Reuters] Stocks drop for third day as recovery hopes falter

[Reuters] Oil prices rise on dip in U.S. crude stockpiles, IEA data

[CNBC] US weekly jobless claims rise 2.981 million, vs 2.7 million expected

[AP] 36 million have sought US unemployment aid since virus hit

[CNBC] Coronavirus live updates: Trump says US military will distribute a vaccine later this year

[Reuters] Storm clouds gather over U.S. stocks as hopes of quick recovery fade

[Reuters] Trump says he’s very disappointed in China-Fox Business Network

[Yahoo/Bloomberg] Dollar Reigns Supreme During Virus Crisis With Yuan Stuck in Shadows

[Reuters] JPMorgan’s U.S. credit card holders spent 40% less due to coronavirus

[Yahoo/Bloomberg] China’s Hot Convertibles Market on Alert for First Default

[AP] Pandemic crisis forecast to hit insurers for $200 billion

[Bloomberg] Trump Says U.S. Is Looking at Chinese Companies on Exchanges

[Bloomberg] Second Waves Are Plaguing Asia’s Virus Recovery

[Bloomberg] Fresh Crisis Looms for India Shadow Banks After Fund Closures

[Bloomberg] Nose-Diving German Economy Isn’t Just Suffering From Virus Woe

[Bloomberg] Hong Kong’s Economic Crisis Just Keeps Getting Worse

[Bloomberg] Coronavirus Spurs Spike in Serious Blood Disorder in Children

[NYT] Fed Chair Warns the Economy May Need More as Congress Hesitates

[NYT[ Coronavirus Wrecked Tesla’s Momentum and Elon Musk Is Furious

[WSJ] Soaring Prices, Rotting Crops: Coronavirus Triggers Global Food Crisis

[WSJ] China’s Clout Loses Punch as Trading Partners Push Back Over Coronavirus

[FT] The dangers of a US-China financial war

[FT] From peak China to China pique

[FT] Why vaccine ‘nationalism’ could slow coronavirus fight

[FT] Chinese companies under fire as side bets on stocks turn sour

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