Global Macro / Markets / Investing:
- Financialization: Why the Financial Sector Now Rules the Global Economy – Mises
- Stocks close with steep losses as coronavirus crash threatens ‘Trump bump’ – The Hill
- “NYSE to temporarily close floor, move to electronic after positive coronavirus tests” – CNBC
- Dow drops 1,300 points, S&P 500 loses 5% as sell-off reaches new low – CNBC
- U.S. crude hits 18-year low as lockdowns spread – Reuters
- Coronavirus will infect half the global population, EIU predicts – CNBC
Americas:
- Former Wells Fargo CEO John Stumpf banned for life from banking, ordered to pay $17.5M – Mazech
- Mnuchin warns jobless rate could hit 20 percent without federal response – The Hill
- Another strike against Trump’s coronavirus tax cut — most of it would go to the rich – LA Times
- A Coronavirus Bailout Will Save Corporations, Not Workers – Real News
- Americans would get two checks under Treasury Department proposal – NBC News
- Trump says HUD will suspend ‘all foreclosures and evictions’ amid COVID-19 outbreak – Fox News
- White House coronavirus plan aims to send $2,000 to many Americans, includes $300 billion for small businesses – Washington Post
- Deutsche Bank: Coronavirus will cause US GDP to plunge 13% – Financial News
Europe:
- European Central Bank announces $817 bn stimulus plan – Yuv News
- Macron Says France ‘At War’ with Covid-19 coronavirus – Igorb News
- After Brexit, the Timing of the Coronavirus Couldn’t Be Worse for Eurocrats – Mises
- China’s next generation space program – Igorb News
- Coronavirus death toll in Italy rises by 475 in one day to nearly 3,000 – biggest increase since outbreak – BBC
- 99% of Those Who Died From Coronavirus Had Other Illness, Italy Says – SCMP
- Dutch minister for medical care collapses during coronavirus debate – Reuters
Asia:
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- Rupee opens at fresh record low of 74.95/$ – Yuv News
- China reports zero local cases for first time since coronavirus outbreak emerged (Let’s have hope!!!) – LiveMint
- Starving Monkey “Gangs” Battle in Thailand as Coronavirus Keeps Tourists Away – Live Science
- Beijing Fears COVID-19 Is Turning Point for China, Globalization – RealClearPolitics
- Top leadership fears ‘losing face’ if other countries develop a treatment first – SCMP
- Opinion: Don’t let China turn the Wuhan virus narrative to its advantage – The Hill
Trans-Tasman:
- Petrol stations fail to pass on fuel price cuts despite global oil prices falls due to coronavirus – ABC
- Scott Morrison personally intervening to threaten independent and Catholic schools’ funding if they close – The Guardian
- Queensland teachers say COVID-19 social distancing ‘impossible’ in crowded classrooms – ABC
- Keeping schools open sacrifices teachers to the economy – Red Flag
- The Australian dollar has plummeted to its lowest point since 2003. – Business Insider
- Labor warns proposal to cut Sydney buses is evidence of privatisation plan – The SMH
- Qantas has just stood down 20,000 staff. How can they do that? – ABC
- Australian doctors condemn government response to COVID-19 “disaster” – WSWS
- NBN Co’s fair value estimated at just $8.7 billion – IT News
- Victoria slammed for using misleading data to justify lifting of gas moratorium – Renew Economy
- NZ shuts borders to foreigners – Interest.co.nz
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Indoor gatherings of more than 100 people banned – Interest.co.nz
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RBA cuts cash rate, will buy govt securities & support bank lending – Interest.co.nz