Tuesday, March 17, 2020

Tuesday Morning News Round Up 周二早间新闻综述

Stock Index Futures are up before market open:




COVID-19 Statistics Update:












。The Trump administration plans is seeking a $850 billion stimulus package aimed at buffering the economy against fallout from coronavirus, the Washington Post reported on Tuesday citing four unnamed officials familiar with the plan. U.S. Treasury Secretary Steven Mnuchin planned to discuss the request with Senate Republicans on Tuesday, it reported, adding that the package aimed to use payroll taxes or other mechanisms to flood the economy with cash. ---Reuters

。The Federal Reserve still has policy options left even after taking interest rates to near-zero over the weekend. “There’s still more they can do and probably will do at some stage of the game,” said Kathy Jones, chief fixed income strategist at Charles Schwab. “They certainly pulled out the big guns and did a lot to preserve the markets and to address concerns about liquidity in the markets.” In the days ahead, Jones expects the Fed to institute some type of facility to address commercial paper. In addition, she thinks the central bank will need to address issues in the corporate and municipal bond markets. “They may indeed need to amend their charter,” Jones said, as the Fed act as it is written does not allow for the purchase of corporate bonds. Others even have suggested the Fed buy stocks, likely through exchange-traded funds, though that, too, would require an act of Congress.---CNBC

。A measure of fear in stocks just topped the levels during the financial crisis more than a decade ago. The Cboe Volatility Index, known as the VIX, surged nearly 25 points, or almost 43%, to close at a record high of 82.69, surpassing the peak level of 80.74 on Nov. 21 2008. The VIX, which tracks the 30-day implied volatility of the S&P 500, more than doubled in March alone. The index looks at prices of options on the S&P 500 to track the level of fear on Wall Street. ---CNBC


Saudi Arabia plans to boost oil exports even further from April to May, reaching a record of more than 10 million barrels a day as the kingdom taps a new field.---Bloomberg

。Gold declined as investors rush to raise cash to cover losses in other markets amid a surge in volatility across assets, with global leaders striking a pessimistic tone over the likely economic impact of the coronavirus outbreakSpot gold dropped as much as 1.9% to $1,485.91 an ounce and was at $1,495.82 by 10:48 a.m. in Singapore. Prices are down 12% from a seven-year high reached a week ago and tumbled the most since 1983 last week..---Bloomberg

。The Daily News reports, New York's unemployment website was overwhelmed Monday as the coronavirus pandemic put tens of thousands of people across the state out of work.The flood of suddenly jobless workers hitting the Department of Labor website with applications for unemployment benefits was unleashed by a drastic move by Gov. Cuomo, who announced all of the state’s restaurants, bars, movie theaters, gyms and casinos would close by 8 p.m. Monday to contain the corona outbreak.---ZeroHedge

。Exxon Mobil (XOM.N) on Monday said it will make “significant” cuts to spending in the face of the unprecedented slide in oil prices due to the global coronavirus outbreak, which sent its shares to a 17-year low. Other major oil companies have slashed costs amid falling demand and newly unbridled output by top producers Saudi Arabia and Russia. U.S. shale firms have outlined plans to cut expenses by 25% to 30% to cope with this year’s massive drop in oil prices and demand.U.S. crude futures on Monday settled under $29 a barrel, down from $61 at the start of the year. The decline has cut new drilling and led producers to seek price cuts from suppliers. Weaker demand and rising supply could lead to a 6 million barrel per day surplus by April, further pressuring prices. ---Reuters

。Hyundai Motor’s  China domestic plant sales in February was 1,007 vehicles, company data showed on Tuesday, down 97% from 38,017 vehicles a year ago. The automaker’s global auto sales fell to their lowest in a decade in February as coronavirus worries kept buyers away - in one of the first major indicators of damage to business in the broader auto sector due to the epidemic.---Reuters






。股指期货在开市前上涨:



。COVID-19统计信息更新:












。《华盛顿邮报》周二援引四名不愿透露姓名的官员的话报道说,特朗普政府正在寻求8500亿美元的刺激计划,目的是缓冲经济免受冠状病毒的影响。 据报道,美国财政部长史蒂文·姆努钦(Steven Mnuchin)计划与参议院共和党人讨论这一要求,并补充说,该方案旨在利用工资税或其他机制向经济注入大量现金。 ---路透社

。即使在周末将利率降至接近零之后,美联储仍保留其它政策选择。查尔斯·施瓦布(Charles Schwab)首席固定收益策略师凯西·琼斯(Kathy Jones)表示:“在游戏的某个阶段,他们还有更多可以做的事情,而且很可能会做。 “他们已经掏出了大手笔,为保护市场和解决市场流动性问题做出了很多贡献。”琼斯预计,在未来的日子里,美联储将建立某种类型的机制来处理商业票据。此外,她认为中央银行将需要解决公司和市政债券市场中的问题。琼斯说:“他们的确可能需要修改章程,”美联储的章程不允许购买公司债券。其他人甚至建议美联储可能通过交易所买卖基金购买股票,尽管这也需要国会采取行动。---CNBC

。十多年前,在金融危机期间,某种程度的对股票的恐惧达到了最高水平。 Cboe波动率指数(VIX)昨日飙升近25点或近43%,收于创纪录的82.69,超过了2008年11月21日的峰值80.74。VIX追踪30天暗示标准普尔500指数的波幅,仅在3月份就增加了一倍以上。该指数着眼于标准普尔500指数期权的价格,以追踪华尔街的担忧程度。 --- CNBC



。沙特阿拉伯计划从4月到5月进一步提高石油出口,随着沙特阿拉伯开拓新的油田,日产量将达到创纪录的超过1000万桶。---彭博社

。由于资产波动剧烈,投资者急于筹集现金以弥补其他市场的损失,黄金价格下跌。全球领导人对冠状病毒爆发可能对经济造成的影响表示悲观的基调。现货金价格从一周前的七年高位下跌了12%,并且上周是1983年以来的最大跌幅。--彭博社

。据《每日新闻》报道,由于冠状病毒大流行使纽约州成千上万的人失业,纽约的失业网站周一不堪重负。 州长库莫(Dr. Cuomo) 做出了大刀阔斧的行动,他宣布该州所有的餐馆,酒吧,电影院,体育馆和赌场将在周一晚上8点之前关闭以 遏制病毒爆发。---ZeroHedge

。埃克森美孚(XOM.N)周一表示,面对全球冠状病毒爆发导致油价前所未有的下跌,该公司将“大幅”削减支出,这使其股价跌至17年低点。 在需求下降以及主要生产国沙特阿拉伯和俄罗斯放纵产量的情况下,其他主要的石油公司削减了成本。 美国页岩油公司已经概述了计划,将支出削减25%至30%,以应对今年油价和需求的大幅下降。 周一原油期货收于每桶29美元下方,低于年初的61美元。 下降已经削减了新的钻井量,导致生产商寻求从供应商那里降价。 需求疲软和供应增加可能会导致到4月每天600万桶的过剩,进一步压低价格。 ---路透社

。公司数据周二显示,现代汽车公司2月在中国国内工厂的销量为1,007辆,比去年同期的38,017辆下降了97%。 这家汽车制造商的全球汽车销量在2月份跌至十年来的最低水平,原因是冠状病毒的担忧使购买者望而却步-这是该流行病对整个汽车行业业务造成损害的首批主要指标之一。---路透社

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