wiar 11-12-19

Mary FanslauWhat I Am Reading

November 12 (Tuesday) Markets Weak 2019 earnings growth paves the way for a strong 2020 earnings picture, boosting stocks C Once a source of panic, the yield curve is validating stocks’ comeback and may crown the winners C Selloff in Complex Investments Flashes Warning for Junk Bonds W Europe Election gift for PM Johnson: Brexit Party stands down in Conservative seats R UK economy dodges recession, but annual growth slowest since 2010 R Spain’s far right doubles seats in hung parliament, difficult talks ahead R China How Bad Is China’s Debt? A City Hospital Is Asking Nurses for Loans N Alibaba breaks Singles Day record with more than $38 billion in sales C Hong Kong violence prompts reminder that China troops close at hand R US politics Mark Cuban is latest billionaire to bash Sen. Elizabeth Warren’s wealth tax plan C Geopolitics & trade Top Iraqi cleric casts doubt on reforms offered to defuse unrest R Bolivian Leader Evo Morales Steps Down N Industries & companies Aerospace: Boeing now says it expects 737 MAX to resume commercial service in January R Energy: Frackers Prepare to Pull Back, Exacerbating a Slowdown in U.S. Oil Growth W FAANGs: There’s a race to replace our iPhones with smart glasses we wear everywhere C FAANGs: Amazon’s Heavy Recruitment of Chinese Sellers Puts Consumers at Risk W Financials: Stock trading is back but no one is charging for it, thanks to millennials C Media: The streaming wars officially kick off this week, but don’t expect the cheap plans to last forever C Media: Disney is staking its future on Disney+ NN Space: SpaceX launches another 60 Starlink satellites while setting two rocket reuse records C Tech: The Quantum Computing Threat to American Security W Corporate finance Uber co-founder Travis Kalanick sells half a billion dollars in stock after lockup period ends C Offbeat UBS trader Scott Hapgood skips Anguilla court hearing month after Trump says manslaughter case looks ‘very wrong’ C

wiar 11-11-19

Mary FanslauWhat I Am Reading

November 11 (Monday) Markets-US ETF inflows rise to a record $4 trillion and top industry expert says it’s still ‘early days’ C Grading stocks’ comeback and whether this is the start of the next leg of the bull market C Here are the biggest risks to the financial markets in 2020 C With a market at record highs, these are the most loved stocks on Wall Street right now C Markets-Global Investors looking beyond U.S. equity market for 2020 R Is It Time to Shop for Stocks in Europe and Japan? BR Global investors flock to China, undeterred by trade war R Unloved Assets Join Market Rally in Latest Sign of Optimism W Central banks NY Fed’s Williams says economy is in a good place, monetary policy well positioned R Europe Spaniards Vote in Repeat Election Amid Pleas to Break Logjam B Catalan Unrest Dims Spanish Socialists’ Hopes for Big Electoral Win W Emerging China to reshuffle management, recapitalize smaller banks to curb risks: Caixin R India’s Divided Economy—and a Manufacturing Slump—Slow Its Rise W Impeachment House Republicans want Ukraine whistleblower and Hunter Biden to testify at impeachment hearings C US politics Joe Biden allies are worried that a Mike Bloomberg candidacy could clinch the nomination for Elizabeth Warren C How the State Dept.’s Dissenters Incited a Revolt, Then a Rallying Cry N Why Pete Buttigieg Annoys His Democratic Rivals N Geopolitics & trade Trump says China trade talks moving along nicely, but deal has to be right R Trump Says China Wants a Deal With U.S. ‘Much More Than I Do’ B The fall of the Berlin Wall created a New World Order 30 years ago – now it’s at risk C Industries & companies FAANGs: How Facebook stumbled to the edge of a government breakup C Financials: These Bank Stocks Might Not Stay Cheap Much Longer BR Industrials: Honeywell Is a Growth Company Again as It Taps the Power of Big Data BR Media: It’s Showtime for Streaming. Here’s What’s Ahead for Netflix, Disney, and Apple, According to This Tech Analyst. BR Corporate finance Saudi Aramco will offer less than 1% of shares to individual investors in IPO C Saudi Aramco prospectus flags risks, gives few details on IPO size R Offbeat An investor’s guide to space, Wall Street’s next trillion-dollar industry C French Baguettes From a Vending Machine? ‘What a Tragedy.’ N

wiar 11-09-19

Mary FanslauWhat I Am Reading

November 09 (Saturday) Markets S&P 500 posts fifth week of gains as Wall St. hits records R JP Morgan’s top quant says the ‘once in a decade’ rotation into value stocks will continue C The market rally will soon be tested by a big Trump speech and testimony from the Fed chief C Big Tech closes out a big week with Microsoft, Apple and Alphabet all closing at records C Central banks Fed’s Brainard Says Climate Change Might Have Implications for Neutral Interest Rate W China China Is Trying to Clean Up Its Banks. It’s Messy. N US politics Joe Biden allies are worried that a Mike Bloomberg candidacy could clinch the nomination for Elizabeth Warren C Bloomberg faces big challenges if he leaps into 2020 White House race R How Michael Bloomberg became the richest man in media NN Trump on Bloomberg: ‘He’s got some personal problems’ C Trump to ask U.S. Supreme Court to review tax returns decision R Impeachment Factbox: The Trump impeachment inquiry: What we’ve learned so far R Why are Republicans hell-bent on exposing Trump whistleblower? R Republicans tap close Trump ally to serve on impeachment panel R White House official says he heard U.S. envoy push for investigation of Bidens R Giuliani Associates Urged Ukraine’s Prior President to Open Biden, Election Probes W Geopolitics & trade Trump says he has not agreed to roll back tariffs on China, after week of trade optimism C White House optimistic on prospects for China trade deal, official tells CNBC R Deadly clashes reignite in Iraq despite cleric’s call for calm R Industries & companies Aerospace: Southwest, American extend Boeing 737 Max cancellations until early March C Autos: After years of waiting, Tesla will finally reveal its electric pickup NN Autos: Elon Musk fires back at Tesla detractor: ‘Allow us to send you a small gift of short shorts’ NN FAANGs: How Apple CEO Tim Cook charmed President Donald Trump C FAANGs: Facebook and YouTube say they are removing content mentioning potential whistleblower’s name NN Retail: Old Navy’s future is in doubt NN Tech: Powerful Coalition Pushes Back on Anti-Tech Fervor N Tech: Data-Center Stocks Face Risks After Rally W Corporate finance As WeWork Grew, Wall Street Lent It Money and Credibility W Offbeat CDC says it’s made a breakthrough in finding possible cause of deadly vaping illness C The president shoots back at Leon Cooperman: ‘He’s doing very well with Trump’ C Climate Activists Try to Harness Young Voters’ ‘Existential Anxiety’ W Not So Fast, Mr. Trump! Relocating to a Low-Tax State Is Hard to Do W

wiar 11-08-19

Mary FanslauWhat I Am Reading

November 08 (Friday) Markets Bond yields are surging, and the scary recession warning everyone was talking about has gone away C Rates surge with the 10-year Treasury yield jumping the most since Trump’s election C Central banks September funding crunch a ‘seminal moment’ for Fed: BlackRock’s Rieder R US U.S. Consumer Credit Rises at Slowest Pace Since June 2018 B Federal Reserve Survey Shows Demand for Business Loans Weakened in Third Quarter B Drop in Consumer-Goods Imports Points to Slower U.S. Growth W WSJ Survey: Economists Split on Causes of Hiring Slowdown W Europe Bank of England Forecasts Modest Economic Boost if Brexit Plan Passes W China China Embraces Bankruptcy, U.S.-Style, to Cushion a Slowing Economy W US politics Mike Bloomberg is preparing to enter the Democratic presidential primary C Public Impeachment Hearings Will Start with a Bang B The G.O.P.’s Election Day Problem in the Suburbs Is Getting Worse N Geopolitics & trade China, U.S. agree to roll back tariffs as part of trade deal -officials R Rollback of China tariffs faces fierce opposition in White House R U.S. Says Phase-One China Deal Would Include Tariff Rollback B Industries & companies Consumer: GoPro quarterly revenue beats on ‘Hero’ camera demand, shares rise R Media: Disney stock rises after beating on top and bottom lines C Media: Some Disney movies won’t appear on Disney+ on launch day—or ever C Media: Disney’s ESPN is caught in strategic limbo as the company moves slowly toward streaming C Media: Netflix is leaving millions on the table by not giving ‘The Irishman’ a wide theatrical release C Media: Roku tumbles 11% as Wall St. gives thumbs down to latest report R Retail: Sears owner gets $250 million lifeline, says it will shut another 96 stores—Here’s where they are C Corporate finance Here are the 10 companies with the most cash on hand C SoftBank Takes a $4.6 Billion Hit From WeWork. Its C.E.O. Remains Defiant. N Offbeat Wall Street’s ‘Charging Bull’ sculpture is moving C Inside the High-Stakes Race to Build the World’s First Flying Taxi N Riding While Drunk and Other Dangers of the Electric Scooter Craze N

wiar 11-07-19

Mary FanslauWhat I Am Reading

November 07 (Thursday) Markets Market teeters on Trump, Xi meeting location, hoping a logistics snag is not sign of bigger issue C Central banks The Fed is still faltering on inflation, and one official is calling for ‘aggressive’ action C Fed’s Evans: Fed Has Moved Policy to Slightly Accommodative Stance W Fed’s Williams Says No Rate Changes Penciled In, Economy Will Drive Policy W US Spiking Health Problems in U.S. Millennials May Make Them Poorer B How California Became America’s Housing Market Nightmare B Television Host Regis Philbin Lists Greenwich Home for a Big Loss W Europe IMF Warns Europe to Make Emergency Plan for Economic Slump B China China Embraces Bankruptcy, U.S.-Style, to Cushion a Slowing Economy W China’s Xi Praises Free Trade. Striking Deals Is Another Matter. N US politics U.S. diplomats to star in public impeachment hearings next week R White House will hire two high-profile aides to run impeachment messaging C In Trump’s shadow, Republican suburban slide shows little sign of slowing R Tuesday’s Elections Went Badly for Donald Trump B Judge urges House to negotiate with Trump in tax return fight R Sen. Kamala Harris introduces bill to lengthen school day by three hours C Geopolitics & trade The Coming Middle East Conflagration Industries & companies Autos: Tesla Wins Positive Outlook From S&P as Cash Flow Takes Shape B Autos: Elon Musk Schedules ‘Blade Runner’ Inspired Truck Unveil for Nov. 21 B Autos: Ford reveals electric Mustang with ‘stunning’ acceleration NN Energy: Chesapeake Energy Plunges to 20-Year Low as Street Loses Faith B Finance: Consumer Still Strong, Even With ‘Anxiety,’ LendingClub CEO Says B Tech: Qualcomm stock spikes after licensing business propels earnings and revenue past estimates C Corporate finance SoftBank CEO says there will be no ‘rescue’ investments after WeWork debacle C HP Confirms Xerox Takeover Offer, But Isn’t Ready to Say Yes B Offbeat How to apply for Global Entry C Bill Gates says ‘I made a mistake’ meeting with convicted sex criminal Jeffrey Epstein C Prehistoric ape from Germany was a pioneer of two-legged walking R

wiar 11-06-19

Mary FanslauWhat I Am Reading

November 06 (Wednesday) Markets Stocks Are Soaring Because Supplies Are Limited B Ready to Boost Stocks: Investors’ Multitrillion Cash Hoard W Interest rates suddenly entered a new phase and they are moving higher thanks to possible trade deal C Central banks Fed’s Barkin: High Uncertainty May Be Damping Effectiveness of Fed Policy W US U.S. Job Openings Edged Lower W Drop in Consumer-Goods Imports Points to Slower U.S. Growth W Ahead of 2020, manufacturers are struggling in Rust Belt regions that helped Trump win last time C Millennials Should Be Happy They Are Stuck Renting B Europe France to Set Quotas for Immigrant Visas W Emerging Brazil unveils reform package to tackle huge fiscal deficit R Explainer: World’s biggest trade pact shapes up without India R China’s Housing Market Is Finally Cooling. Some Homeowners Are Furious. W US politics McConnell does not expect possible Senate impeachment trial to lead to Trump’s ouster R Trump ambassador changes testimony, admits telling Ukraine there would be no US aid without investigations C Geopolitics & trade China Insists Trump Give Up His Favorite Trade Weapon—Tariffs B Iran further distances itself from 2015 deal by fueling Fordow centrifuges R TikTok stresses its independence from China but U.S. lawmakers are unconvinced R Industries & companies Aerospace: Boeing CEO Dennis Muilenburg gets vote of confidence, offers to forgo bonuses amid 737 Max crisis C FAANGs: With a Laser, Researchers Say They Can Hack Alexa, Google Home or Siri N Corporate finance Walgreens explores going private in what could be largest LBO in history C Uber’s lockup expiration may be muted because a ton of shares are underwater C WeWork still on life support, rivals say it must cut costs fast R Muni Bonds Contain New Fine Print: Beware of Climate Change B Offbeat Jamie Dimon says Sen. Elizabeth Warren ‘vilifies successful people’ C Ray Dalio Says the ‘World Has Gone Mad’ With So Much Free Money B YRI Daily Markets Overview Dr Ed’s books on Amazon Predicting the Markets Stock Buybacks: The True Story The Yield Curve: What Is It Really Predicting?

wiar 11-05-19

Mary FanslauWhat I Am Reading

November 05 (Tuesday) YRI The stock market keeps setting new highs in a rally no one saw coming C Actually we did in the following CNBC interviews: Unprecedented market momentum could help drive stocks to all-time highs: Wall Street bull Ed Yardeni (12/27/18) A contrary indicator suggests the market’s win streak is just beginning, Wall Street bull Edward Yardeni says (1/20) Don’t listen to ‘alarmists’ over earnings slowdown, Ed Yardeni says it’s an ideal time to be in stocks (2/28) Here’s how the S&P 500 gets to 3500 in 18 months: Yardeni (4/12) Market will return to all-time highs with help from a group hit by the trade war, Wall Street bull Ed Yardeni predicts (5/18) Stocks will soar 17% through next year, market bull Ed Yardeni predicts  (9/21) A ‘market melt-up’ is becoming a real risk as stocks hit new highs, Wall Street bull Ed Yardeni warns (11/3) Markets Dow rips to a record high, now up nearly 18% on the year C Don’t celebrate the Dow record too much, Morgan Stanley predicts dismal returns the next decade C Central banks & financial stability Risky Mortgage Bonds Are Back and Delinquencies Are Piling Up B US Manufacturing Data Flash Warning Sign for U.S. Jobs BR The Truth About Income Inequality W Bank of America to hike minimum wage for all employees to $20 per hour a year ahead of schedule C Stanford Tops Ranking of U.S. B-Schools, Dartmouth Hurtles to Second Spot B Europe Euro zone factories stuck in a slump as trade war still biting R German manufacturing stuck in recession, factory job losses accelerate: PMI R UK manufacturing decline slows after new Brexit stockpiling rush: PMI R Japan Japan October factory activity sinks to three-year low, orders fall – PMI R China China Oct. factory activity expands at fastest pace in over two years: Caixin PMI R American Brands Aren’t Getting Any Love in China’s Singles’ Day B US politics Wall Street donors are so worried about Elizabeth Warren that they are snubbing Democrats in 2020 Senate races C Trump will ask Supreme Court to take New York tax returns case after losing appeal C Democratic groups launch $75 million digital ad effort to fight Trump R House committees release first transcripts of closed-door Trump impeachment testimony R Nancy Pelosi Is Worried 2020 Candidates Are on Wrong Track B Geopolitics & trade Iran launches more advanced machines to speed up nuclear enrichment: official R U.S. targets Iranian top leader’s inner circle with new sanctions R Iran Finds Itself in Crosshairs of Arab Protesters W Industries & companies Energy: An Energy Breakthrough Could Store Solar Power for Decades B FAANGs: Amazon is responsible for most Big Tech job growth since 2000 C Retail: Walmart appears to be gaining ground against Amazon C Tech:  Microsoft CEO Nadella stands by $10 billion Pentagon contract win, even though some employees have protested C Tech: Uber misses on riders, beats revenue estimates as lockup expiry looms R Corporate finance Give or take a trillion: Investors still in the dark on Saudi Aramco value R Offbeat Warren Buffett has $128 billion in cash to burn and analysts can’t figure out why he isn’t spending it C ‘I care’ — billionaire investor tears up talking about America, Elizabeth Warren and Donald Trump C Apple pledges $2.5 billion to fight California housing crisis R

wiar 11-04-19

Mary FanslauWhat I Am Reading

November 04 (Monday) Markets Earnings Tide Lifts Most Stocks W The Best Stock Market Ever Heads Into Stocks’ Best Time of the Year BR 5 High-Yield Stocks That Can Keep On Giving BR The Bond-Market Panic That Wasn’t BR Central banks Why the repo market went awry…and how the Fed should fix it E How to ensure financial firms have enough cash E The Fed’s View on Inflation Is Quietly Shifting. Here’s Why. N A change of direction under Christine Lagarde is unlikely E What to make of the strife at the ECB E Germans have mixed feelings about Christine Lagarde E US Why the Shale Boom Is Slowing and What That Means for Oil Prices BR Europe Germany’s Economic Malaise Hasn’t Hit the Stock Market — Yet BR Germans still don’t agree on what reunification meant E The Money Farmers: How Oligarchs and Populists Milk the E.U. for Millions N China China Roundtable: 15 Stocks That Don’t Need a Trade Deal to Reward Investors BR US politics Democrats’ decision to televise Trump impeachment hearings could prove politically perilous R Smugglers are sawing through new sections of Trump’s border wall WP Warren Health Plan Tightens Democrats’ Embrace of Tax Increases N Geopolitics & trade China says ready to work with ASEAN for South China Sea peace R Industries & companies FAANGs: The Google-Facebook ad duopoly is facing a bigger challenge from the trio of Snap, Pinterest and Amazon C FAANGs: Why Google’s Fitbit deal could break its legacy of hardware failures C Industrials: GE Stock Looks Alive Again. Here’s What CEO Larry Culp Says Is Different. BR Corporate finance Fiat Chrysler-Peugeot Deal Could Be a Winner BR Saudi Aramco kick-starts what could be world’s biggest IPO R Offbeat Why Elon Musk says taking ‘vacations will kill you’ C

wiar 11-02-19

Mary FanslauWhat I Am Reading

November 02 (Saturday) Markets For Stocks, Three Fed Rate Cuts Tends to Be Sweet Spot W Central banks Lagarde’s Diplomatic Skills to Be Tested at a Divided ECB W Top Fed Officials Signal Comfort With Decision to Pause Rate Cuts W Global The Global Fertility Crash B US U.S. October job growth beats expectations despite GM strike R US manufacturing contracts for a third straight month C Larry Kudlow Says White House Working on Tax Cuts Ahead of Election B US politics Pelosi expects Trump impeachment hearings in November: Bloomberg interview R Impeachment Is About to Get Tough. For Democrats. B Jobs Data From Swing States Isn’t Great for Trump B Elizabeth Warren would double her proposed billionaire wealth tax to help fund ‘Medicare for All’ C Geopolitics & trade China Doubts Long-Term Trade Deal Possible With Trump  B China Wins WTO Case to Sanction $3.6 Billion in U.S. Trade B Larry Kudlow Says Tariff Hikes ‘Still on Table,’ Sees Progress on Deal B Trump Decision Due on Foreign Car Tariffs W ISIS Names New Leader and Confirms al-Baghdadi’s Death  N U.S. Troop Withdrawal Creates Opening for Revitalized Syrian Regime W Cybersecurity Exclusive: U.S. opens national security investigation into TikTok – sources R Industries & companies Aerospace: Not just the MAX: planemakers face slump in demand for wide-body jets R Aerospace: Dozens of Boeing jets grounded due to ‘pickle fork’ cracks C Autos: For GM, the Strike Was Worth It for the Long Run W Energy: Exxon Mobil profit halves on weak oil prices, chemicals margins R FAANGs: Apple’s long-awaited TV service launches — here’s everything you need to know about it C Corporate finance White House will look ‘very carefully’ at Peugeot, Fiat Chrysler deal: Kudlow R Megamergers Become a Possible Lifeline for Under-Pressure Car Industry W Google to acquire Fitbit, valuing the smartwatch maker at about $2.1 billion C Goldman Sachs says antitrust to heat up in 2020, pressure Facebook, Google shares for ‘years’ C Offbeat How Jim Simons Built the World’s Most Lucrative Black Box B Cramer to Warren: Leon Cooperman is the wrong billionaire ‘whipping boy’ to take on C Cramer: ‘I’m very worried about Boeing’ and how its 737 Max problems could hurt the US economy C Trump, Lifelong New Yorker, Declares Himself a Resident of Florida N California Fire Danger Continues to Worsen, Experts Say W YRI Daily Markets Overview

wiar 11-01-19

Mary FanslauWhat I Am Reading

November 01 (Friday) Markets Better-Than-Expected Earnings Ease Growth Fears—for Now (W) Wall Street retreats from record on trade cloudiness (R) Even after Lyft beat, Wall Street pummels former unicorns (R) Rajeev Misra Built SoftBank’s Huge Tech Fund. Now He Has to Save It. (W) Opinion: Most stock-market-timing newsletters fail, comprehensive study shows (MW) Central banks Trump rails against Powell a day after the Fed cuts rates for a third time this year (C) Eurozone’s Sluggish Economy Shows Challenge Facing Lagarde (W) Negative Interest Rate Skepticism Grows at the European Central Bank Bloomberg (B) US U.S. Inflation Remains Soft in September (W) U.S. Consumers Stay on a Spending Streak (W) Europe Europe’s Banks Confront Their Harsh Reality (W) Trump Says Hard to Do Trade Deal With U.K. Under Boris Johnson Brexit Deal (W) US politics White House adviser tells lawmakers Trump Ukraine call raised national security concerns (R) House passes resolution that lays out formal rules of the Trump impeachment inquiry (C) Here’s how each House member voted on the Trump impeachment inquiry (C) Impeachment trial could complicate Democratic senators’ U.S. presidential bids (R) Leon Cooperman rips Elizabeth Warren in new letter for ‘soak-the-rich positions,’ and treating him like ‘an ungrateful child’ (C) Geopolitics & trade Exclusive: Iran intervenes to prevent ousting of Iraqi prime minister – sources (R) Exclusive: WhatsApp hacked to spy on top government officials at U.S. allies – sources (R) Islamic State vows revenge against U.S. for Baghdadi killing (R) Islamic State Names New Leader to Succeed Baghdadi (W) Lebanon’s Hezbollah, France call for new government (R) Industries & companies Aerospace: Documents Show Safety Concerns at Boeing Before Deadly Crashes (N) Autos: Proposed Ford-UAW deal includes plant closure, $9,000 ratification bonuses (C) FAANGs: Apple rises after earnings beat — four experts weigh in (C) FAANGs: Apple Plays the Underdog in Streaming Wars (W) FAANGs: China’s 5G Networks Go Live Friday. It Could Be Bad News for Apple. (BR) FAANGs: Legislation Would Force Google and Rivals to Disclose Search Algorithms (W) Internet: Twitter bans political ads; Facebook’s Zuckerberg defends them (R) Offbeat Insanely humanlike androids have entered the workplace and soon may take your job (C) Vaping illness outbreak climbs to 1,888 cases with 37 deaths, CDC says (C) Homes destroyed, hundreds more evacuated as Los Angeles wildfires spread (R)