Global Macro / Markets / Investing:
- Was Pre-Coronavirus Stock Market a Bubble Inflated by “Financial Engineering”? – Open Politics
- This Is Not Capitalism: This is your brain on central banking, regulatory capture, and financialization – Medium
- Dow rallies 1,000 points, lifting its 3-day gains to 20% – Apple News
Americas:
- Unemployment claims hit 3 million last week – NBC
- Mass Job Cuts Across U.S. Threaten to Leave Millions Without Health Insurance – Bloomberg
- Coronavirus stimulus checks will come within three weeks, Mnuchin says – CNBC
- The US now has the most coronavirus cases in the world with more than 82,000 people infected as of today – Mazech Media
- 3.28 Million File for Unemployment, Quadruple Previous Jobless Record – NBC Chicago
- Federal Reserve’s Balance Sheet Tops $5 Trillion for First Time – Bloomberg
- U.S. may lose 14 million jobs by summer even with economic stimulus, new analysis shows – News Week
Europe:
- U.K. House Sales Set To Plunge 70% On Coronavirus Lockdown Impact – Stock Market News
- Italy’s coronavirus death toll is 7,503 – Igorb News
- Spain’s coronavirus death toll is 3,647 – Igorb News
- Germany Takes in 47 Coronavirus Patients From Italy – NY Times
- Macron’s popularity jumps as French approve of coronavirus response – Reuters
- Germans and Dutch set to block EU ‘corona bonds’ at video summit – Euractiv
- British MP backlash over government not joining EU ventilator scheme – BBC
Asia:
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- India’s poor may die of hunger before they die from the virus – Medium
- Panic-buying in Tokyo as residents asked to hunker down for weekend – Reuters
- Huawei to ‘scale down’ supply of COVID-19 masks, after Borrell comments – Euractiv
- China slammed for giving less than 3% to WHO coronavirus fundraiser – NY Post
- U.S. increases support for Taiwan in recognition battle with China – Reuters
- China wants to keep coronavirus critics silent – but its journalists are fighting back. – Independent
- Spain, Europe’s worst-hit country after Italy, says coronavirus tests it bought from China are failing to detect positive cases – Business Insider
Trans-Tasman:
- Robodebt: government admits it will be forced to refund $550m under botched scheme – The Guardian
- NSW Police Handed Out $9000 In Fines To Drongos Who Breached Lockdown Rules Yesterday – Pedestrian TV
- Foreign Investment Board braces for Chinese takeovers of distressed Australian assets – The Age
- Coronavirus fires up production at Australia’s only medical mask factory – ABC
- Sydney’s most expensive suburbs are coronavirus hotspots, according to NSW Health data – ABC
- Coronavirus infections in NSW rise to 1,405, but new cases drop for second consecutive day – ABC
- Government considering radical measures to put economy into hibernation to survive coronavirus – ABC
- States urged to clamp down on Australians making regional trips to avoid coronavirus – SBS
- Australia to shut down state by state as coronavirus cases set to surpass 3000 – The Age
- Wage subsidy scheme broadened again to the tune of a few billion dollars to capture more businesses – Interest.co.nz
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Most banks ready to receive mortgage holiday applications online – Interest.co.nz
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Property market comes to a virtual standstill – Interest.co.nz