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Breaking Scoops

On “Money Talks”: - Are banks healthy enough to handle the covid-19 fallout? - @JosephEStiglitz  on how emerging economies might weather the pandemic - A reckoning for Silicon Valley's unicorns

The evidence is mounting that March marked the start of a deep global recession

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HONG KONG: "stocks" drop another -1.1% overnight and remain in #crash  mode, -27.7% from where we went Bearish in Q1 of 2018

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EUR core resigned to mutualisation but prefer to operate implicitly via ECB, which they judge makes it more palatable for their voters. Worked so far, so why not? But puts undue weight on ECB + issue is mirrored in periph: voters there will not be mollified by implicit measures.

Here’s the chart from results presentation - now say that stock levels returned to normal as buying habits return to normal... Overall Tesco grocery sales up 10% in store and 30% online

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So far away! Thousands of tourists are literally stranded on the other end of the world. This week alone, Lufthansa is sending 10 aircraft to New Zealand on behalf of @AuswaertigesAmt  . A matter of honor for all volunteers. We bring you back home safely. #WeAreInThisTogether 

Company announcement: Harbour & Hills opens B2B payment gateway to China wi... #fintech 

The plunge in air travel demand puts 25 million jobs at risk — most of which are in Asia

KOSPI: fails @Hedgeye  TRADE resistance, closing down -0.9% overnight, taking its #crash  to -29.8% since Q1 of 2018 where everyone following us would have "seen this" coming

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Here's a rundown of your top economic news today

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Scoops of the Day

I’m moving $1B of my Square equity (~28% of my wealth) to #startsmall  LLC to fund global COVID-19 relief. After we disarm this pandemic, the focus will shift to girl’s health and education, and UBI. It will operate transparently, all flows tracked here:

BREAKING: Twitter's Jack Dorsey to move $1 billion of his wealth to fund global coronavirus relief effort

According to BofA, the Fed will basically fund the US’s massive 2020 deficit. via @SoberLook 

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Good morning from #Germany  where Target2 claims of the Bundesbank on course to €1tn again amid the corona crisis. Jumped in March by a whopping €113.6bn, biggest gain on record, to €935.1bn mainly driven by Italy, whose Target2 liabilities jumped by a record €107bn to 491.6bn

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Correspondence: Subclinical Covid-19 in South Korea. #COVID19  #SARSCoV2 

#China is more concerned with politics and reputation management than protecting its own citizens and the world. Now, a study shows that the # of #Coronavirus  cases could have been reduced by 95% if China had acted sooner. #ChinaLiedPeopleDiedLiedPeopleDied 

From week Monday, what wouldve been Summer term, my BBC colleagues rolling out biggest ever push to help with education from home, Nat curriculum lessons in Maths, Science and English..other subjects on red button, IPlayer, @bbc_bitesize ⁩ app 🎓 👇🏽

On #WorldHealthDay  — and every day — I want to thank all of the health heroes for their sacrifices and for keeping us safe.

Why exactly Payroll tax cut such a good idea WHEN NO ONE IS WORKING OR GETTING PAID?? If that OAN reporter can help me with that one...I’m all ears.

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Scoops of the Week

When things are all messed up beyond recognition, that’s when the heroes step forward and create things, invent things and develop things that change the world. And that’s what’s needed right now. If you have a vision for America 2.0, nows the time.

China lied, the mainstream media complied, and people died.

At 8pm this evening, I will address the country on the Covid-19 situation.

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“The narrative that we aren’t doing everything we can as a company is just not true,” 3M CEO Mike Roman says, after President Trump criticized the manufacturing giant and invoked the DPA to force 3M to step up production of respirator masks.

The NYPD has seen a 75% increase in reports of burglaries of commercial establishments since New York City Mayor Bill de Blasio declared a state of emergency

Shame on so much of the media for repeated, dripping disdain of hydroxychloroquine combined with Z-Pak as COVID treatment.

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