Monday’s links

  1. California Is First State to Borrow From Federal Government to Make Unemployment Payments – WSJ
  2. Mnuchin to Issue $3 Trillion in Debt After Virus Hobbles Economy – Bloomberg
  3. Hedge Fund Stock Exposure Is the Highest in at Least Three Years – Bloomberg
  4. As Hong Kong’s Economy Sinks, Scant Liquidity Underpins Dollar – Tian Chen, Bloomberg
  5. The business world can never go back to the way things were – FT Opinion