Thursday, May 28, 2020

Thursday, May 28, 2020
Doug Noland Posted on May 27, 2020

[MarketWatch] Stocks edge higher after Dow retakes 25,000 even as jobless toll tops 40 million

[Reuters] Europe cheers super-sized stimulus plan, U.S.-China tensions simmer

[Yahoo/Bloomberg] China Arrests Yuan Tumble With Stronger-Than-Expected Fixing

[Reuters] Oil falls as surprise U.S. stock build douses demand recovery hopes

[CNBC] US first-quarter GDP falls 5.0%, vs 4.8% drop expected

[USAT] 2.1M more Americans file for unemployment, bringing 10-week total to 40M amid coronavirus

[Reuters] U.S. core capital goods orders, shipments tumble in April

[Reuters] China parliament advances Hong Kong security law as tensions with U.S. rise

[CNBC] House sends China sanctions bill to Trump’s desk as tensions escalate

[AP] Trump preparing order targeting social media protections

[CNBC] Coronavirus live updates: Global tourism could fall 70%; EU official says more stimulus needed soon

[Yahoo/Bloomberg] Turkey’s Central Boosts Short-Term FX Borrowing to a Record

[Yahoo/Bloomberg] U.S.-China Tensions Fail to Stop Asia’s Humming Bond Deal Machine

[Reuters] South Korea coronavirus cases jump to highest since early April as warehouse outbreak widens

[Bloomberg] U.S.-China Tension Only Set to Get Worse: ‘There Is No Off Ramp’

[Bloomberg] Trump-China Feud Is Increasing Risks for Markets and Economy

[Bloomberg] Big Bankruptcies Sweep the U.S. in Fastest Pace Since May 2009

[Bloomberg] Bank of Korea Cuts Rates to Record Low in Bid for Recovery

[WSJ] How the U.S. Could Really Hurt China

[WSJ] Investment in U.S. Shale Projects to Halve in 2020, IEA Says

[FT] Hong Kong is the battleground in a US-China cold war

[FT] Businesses swallow ‘bitter medicine’ of Hong Kong security law

[FT] Covid-19 crisis highlights supply chain vulnerability

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