wiar 07-17-19

Mary FanslauWhat I Am Reading

July 17 (Wednesday) YRI One of the oldest investing theories on Wall Street has yet to confirm this year’s rally is for real (C) How the Dow could zoom past 31,000 by the end of 2020 (NN) Daily Markets Overview Markets Stocks Fall as Banks Post Mixed Earnings (W) Is the Federal Reserve on the verge of sparking a stock-market ‘melt-up’? (MW) A Leveraged Loan Collapses and Reveals Key Risk in Credit Market (B) Central banks Powell says ‘uncertainties’ have increased chances of a rate cut (C) Powell Maintains Fed Pledge to Act to Sustain U.S. Expansion (B) Powell Says Fed Must Pay Greater Attention to Global Developments (W) Fed’s Charles Evans says he’d be comfortable with ‘a couple’ rate cuts before the end of the year (C) US The US consumer is keeping the economy from tanking and will get another boost from the Fed (C) U.S. Industrial Production Unchanged in June (W) Outlook for Second-Quarter Growth Firms (W) Europe Bad Loans in Europe Tumble, but They Are Never Fully Gone (W) Older Employees Breathe New Life Into Europe’s Labor Market (W) Christine Lagarde Faces a New Challenge in Europe (N) Geopolitics & trade Trade war to drag on as Trump says long way to go and China strikes hard-line tone (C) Trump Says He Could Impose More China Tariffs If He Wants (B) Trump Targets Google’s China Ties, Citing Thiel (W) Peter Thiel’s comments about spies in Silicon Valley have some basis in reality, but no evidence (C) Democrats Prepare House Vote Condemning Trump’s Tweets (W) Industries & companies Consumer: Johnson & Johnson Bumps Up Sales Target (W) FAANGs: Swiss group that’s supposed to oversee privacy for Libra says it hasn’t heard from Facebook at all (C) FAANGs: Facebook’s Crypto Plan Called ‘Delusional’ as Senate Digs In (B) FAANGs: Facebook Cryptocurrency Plans Have a Problem: Facebook’s Reputation (N) FAANGs: Facebook Questioned by Lawmakers on Its Libra Digital Currency (W) FAANGs: Facebook tells Congress it shouldn’t be broken up because Instagram and WhatsApp have thrived (C) FAANGs: Searches for ‘Canceling Amazon Prime’ Spike on Prime Day (B) Financials: Biggest Banks Feel Fed Pain as Lower Rates Start to Hit Revenue (B) Financials: Big banks signal Fed rate cuts may not be so great for them (C) Financials: Consumer Lending Drives Bank Profits as Trading Slumps (W) Media: Disneyland has been empty of late and the new ‘Star Wars’ attraction appears to be a factor (MW) Offbeat Don’t Scoff at Influencers. They’re Taking Over the World.

wiar 07-16-19

Mary FanslauWhat I Am Reading

July 16 (Tuesday) Markets Rate cut with stock market at all-time highs? It’s been done before (MW) This stock-market canary has keeled over (MW) Wall Street firms see increased chance that Trump takes action to weaken the dollar (C) US For Decoding Labor Market, Unemployment Rate May Not Do the Job (W) China China Growth Slows, Raising Pressure to Step Up Stimulus (W) China’s Economic Growth Hits 27-Year Low as Trade War Stings (N) Japan Japanese Party Takes Aim at Abe’s ‘Womenomics’ in Election Campaign (W) US politics Trump weighs ousting Commerce chief Wilbur Ross after census defeat (C) Biden’s New Plan for Health Care Is a Nod to the Past (W) Why America’s tariff-hit farmers still support Trump (N) Industries & companies FAANGs: Amazon is using Prime Day this year to try to win in fashion (C) FAANGs: The Amazon Prime Day Deal That Walmart and Target Can’t Match (W) FAANGs: Amazon workers’ Prime Day strike begins in Minnesota (C) FAANGs: Facebook’s real goal with Libra is to become even more of a utility (C) FAANGs: Facebook Faces Bipartisan Resistance to Cryptocurrency Plans (W) FAANGs: Mnuchin: US has ‘very serious concerns’ that Facebook’s Libra could be misused by terrorists (C) Financials: Citigroup Reports Higher Earnings as Bank Results Begin (W) Utilities: PG&E Braces for Power Cuts; Tesla, Others See an Opening (W) Corporate finance Charles Schwab in Talks to Buy USAA Wealth-Management, Brokerage Units (W) Putting The Equity Back Into Private Equity (W) Technology Electric Airplanes Start to Take Off (W)

wiar 07-15-19

Mary FanslauWhat I Am Reading

July 15 (Monday) Markets Playing the Fed’s Next Rate Move (BR) Small-Cap Stock Picks for an Expensive Market, According to Delphi’s Scott Black (BR) The Black Hole Engulfing the World’s Bond Markets (B) Bond Returns Have Been Spectacular. Don’t Count on a Sequel. (N) 2019 Midyear Roundtable: Where to Find Value Now (BR) US It’s Past Time to Train Americans for the New Economy, Goldman’s Abby Joseph Cohen Says (BR) Europe How to defuse the threat that Matteo Salvini poses to the euro (E) US politics Pelosi sets spending demands for two-year budget deal (R) Trump Renews Attack on ‘Weak, Ineffective’ Ex-Speaker Paul Ryan (B) Geopolitics & trade Pressures On China’s Manufacturing Sector Will Impact The West Huawei Plans Deep Job Cuts in U.S. (W) A Cold War With China Has Already Started, Epoch’s William Priest Says (BR) Industries & companies FAANGs: FTC Fine Alone Won’t Get Facebook Out of Crosshairs (W) Retail: Store closures accelerate and may top 12,000 in 2019. Here’s what’s closed so far this year (C) Retail: Barneys explores possible July bankruptcy filing as it grapples with rent hike at Manhattan flagship (C) Tech: Snap’s stock is up more than 200% from its low and is a huge winner in 2019 (C) Offbeat Facial Recognition Tech Is Growing Stronger, Thanks to Your Face (N) A Mutual Fund That Succeeds by Taking the Emotion Out of Investing (BR) 50 Years After the Moon Landing, the Space Economy Is Starting to Take Shape (BR)

wiar 07-13-19

Mary FanslauWhat I Am Reading

July 13 (Saturday) Markets A Stock Market Dying to Know What Powell Knows About the Economy (B) U.S. Stocks Close Out Week With More Gains (W) These are the stocks Wall Street analysts believe will lead the Dow to 28,000 (C) The next big risk that could end the stock rally is here (C) Tropical Storm Barry Helps Spark Fuel-Price Rebound (W) Central banks Evans Says Two Fed Rate Cuts Could Bring Inflation to Goal (B) Trump’s Criticism of the Fed Hasn’t Shifted Perception of Its Independence, Economists Say (W) Takeaways From Fed Chief’s Two Days on Capitol Hill (W) An economy gone ‘mad?’ The Fed is going to cut interest rates despite record stock prices, low unemployment (MW) Opinion: The Fed is trapped by the Debt Zombie Apocalypse (MW) Interest-Rate Cut Is What Matters Most for ECB, Danske Says (B) US U.S. producer prices rise marginally, suggest tame inflation (R) Here are all the Recession Warning Signals That Have Already Gone Off There Are Too Few Companies and Their Profits Are Too High Europe German Companies From Deutsche Bank to BMW Grapple With Setbacks (W) Geopolitics & trade Turkey Receives Russian Missile System, Risking U.S. Sanctions (W) Industries & companies Consumer: J&J Says No Developments in Justice Probe Over Baby Powder (W) Consumer: Johnson & Johnson Denials of Asbestos in Baby Powder Spur Criminal Probe (B) FAANGs: Facebook to be slapped with $5 billion fine for privacy lapses, say reports (C) Media: Critics split on whether ‘The Lion King’ is revolutionary or revolting—but moviegoers will still show up (C) Corporate finance VW Ups Its Investment in Ford’s Self-Driving Car Unit (W) Anheuser-Busch InBev Calls Off IPO of Asia Unit (W) Offbeat Beyond the Confetti: The Dark Side of Startup Success (W)

wiar 07-12-19

Mary FanslauWhat I Am Reading

July 12 (Friday) Markets Why Stocks Are Hitting Records as Economic Fears Rise: ‘There Is No Alternative’ (N) Health-Care Rally Helps Lift Dow Over 27000 (W) Why everybody is concerned about corporate-bond liquidity (E) US U.S. Consumer Prices Increased in June (W) Stronger Inflation Data Lift Treasury Yields (W) Central banks Powell Says Fed Has Room to Cut, May Have Kept Policy Too Tight (B) Fed’s Powell affirms rate cut view; others see U.S. economy humming (R) Fed’s Williams Joins With Other Officials Leaning Toward Rate Cuts (W) Two Fed Regional Chiefs Say a July Rate Cut May Not Be Warranted (B) The Federal Reserve will do whatever it takes to keep this boom going (MW) Ocasio-Cortez finds herself on same side as Trump regarding the Federal Reserve (C) Opinion: The Fed doesn’t have to cut rates — but it can in order to help the middle class (MW) US politics Trump to Direct Agencies to Provide Data on Citizenship (W) Biden Has Poll Lead After First Democratic Debates (W) Geopolitics & trade France Presses On With Digital Tax Despite U.S. Probe (W) Japan’s Restrictions on South Korean Chip Makers Backfire (W) Industries & companies Aerospace: Boeing 737 program manager is retiring as Max jet remains grounded (C) FAANGs: Apple Pulls Watch App After Finding Eavesdropping Glitch (W) FAANGs: Google Contractors Listen to Virtual-Assistant Conversations (W) FAANGs: Amazon to Retrain a Third of Its U.S. Workforce (W) Pharma: Big Pharma won’t like Trump’s next move after rebate rule is abandoned, investors fear (C) Retail: Jim Cramer introduces ‘WATCH,’ his top 5 retailers with scale (C) Retail: Nike to Proceed With Phoenix-Area Factory After Betsy Ross Flap (B) Tech: Trump Attacks Big Tech at Social-Media Summit (W) Tech: Samsung’s Galaxy Note 10 revealed in these leaked photos (C) Corporate finance T-Mobile-Sprint Talks Slow Over Dish Ownership (W) VW to Invest in Ford-Backed Argo AI at $7 Billion Valuation (B) Technology Computers Can Now Bluff Like a Poker Champ. Better, Actually. (W) Offbeat Income Options Are Coming to 401(k) Plans (W)

wiar 07-11-19

Mary FanslauWhat I Am Reading

July 11 (Thursday) Markets Stocks Leap to Records Following Powell’s Comments (W) Videogames and Two-Day Delivery Powered the S&P’s Rise to 3000 (W) These are the stocks that have led the S&P 500′s five-year run to 3,000 from 2,000 (C) Rex Nutting: Trump and the stock market are spooking Powell into making this rookie mistake (MW) Here’s how many points a U.S.-China trade deal is worth to the S&P 500, according to J.P. Morgan’s top strategist (MW) Commodities Oil Hits Seven-Week High on Falling Supplies (W) Iron-Ore Prices Have Surged Almost 70%, Hitting Steelmakers (W) Central banks Powell Sounds Dovish Enough to Open Door for a Half-Point Cut (B) Powell Sends Strong Signal of Possible Fed Rate Cut in July (W) Powell remarks, Fed meeting highlight case for ‘insurance’ (R) Fed’s Powell explains why a return to the gold standard would be so damaging to the economy (C) Fed chief calls for Facebook to halt Libra project until concerns addressed (R) Fed’s Bullard says Trump’s Fed pick Waller is ‘his own person’ (R) US A Record Expansion’s Surprise Winners: The Low-Skilled (W) China No Turnaround in Sight for China Car Sales (W) Geopolitics & trade Trump Makes Fresh Threats Against Iran Over Its Nuclear Program (W) Mnuchin Urges U.S. Firms to Seek Huawei Exemptions (W) U.S. to Investigate French Plan for Tax on Tech Giants (B) Industries & companies FAANGs: The tech industry is starting to doubt Facebook will be able to launch its Libra currency by 2020 (C) Financials: U.S. Investigates Deutsche Bank’s Dealings With 1MDB (W) Media: Newbies Pay $15 Million an Episode to Stand Out in Packed Streaming Market (W) Media: Apple Music, Spotify Tap Live Events to Stand Out (W) Tech: Social-Media Summit Likely to Target Big Tech Companies (W) Corporate finance The 2019 IPOs will have a correction ‘sooner or later,’ Jim Cramer warns (C) With Wall Street’s Secret Shackles Gone, Dimon Prowls for Deals (B) Once a Miser, Japan Inc. Is Opening Its Wallet to Buy Back Shares (W) Offbeat Storm could become first hurricane of season and is already shutting down energy operations (C) PG&E Knew for Years Its Lines Could Spark Wildfires, and Didn’t Fix Them (W) US lawmakers look to legalize pot in ‘historic’ marijuana reform hearing (C)

wiar 07-10-19

Mary FanslauWhat I Am Reading

July 10 (Wednesday) Markets Markets Are Calm, Then Suddenly Go Crazy. Some Investors Think They Know Why. (W) Investors Shouldn’t Get Used to Good News Hurting Stocks (W) Government Bond-Market Measure Says Recession Risk Growing (W) The Bond Rally Is So Wild Investors Are Piling Into Italy’s 50-Year Debt (B) Traders Are Certain the Fed Will Cut in July, But Unsure What’s Next (B) Central banks Powell’s Approach to Interest Rates Wins Bipartisan Backing (W) Fed chief faces tough task in Congressional testimony: ‘Walking a tightrope over Niagara Falls’ (C) US U.S. Job Openings Slipped in May to 7.3 Million (W) Opinion: Employment is a good — not perfect — indicator of economic growth (MW) The housing market is about to shift in a bad way for buyers (C) Homeowners in U.S. Hold Back on Selling as Buyers Get Pickier (B) Missing Spending Stimulus Weighs On U.S. Growth (W) No, Americans Are Not Worse Off Today Than They Were in the 1970s US politics Biden Earned $15.6 Million in Two Years After Leaving Office (W) Emerging Mexico Finance Minister Resigns in Surprise Move; Peso Falls (W) Geopolitics & trade U.S., China Tentatively Move to Revive Trade Talks (W) Lighthizer, Mnuchin spoke with Chinese Vice Premier Liu He on Tuesday (C) Ross Perot’s Warning of a ‘Giant Sucking Sound’ on Nafta Echoes Today (N) Industries & companies Aerospace: Airbus Poised to Overtake Boeing as Biggest Plane Maker (W) Consumer: PepsiCo Rides New Flavors and More Ads (W) FAANGs: Big Tech Summoned to Washington for Antitrust Hearing (W) Financials: Fed Wants to Teach Banks Through Stress Tests, Not Fail Them (W) Media: ‘Friends’ to Move to HBO Max, WarnerMedia’s Streaming Service (W) Media: Netflix has now lost two of its most popular shows as old media companies flex their muscle (C) Corporate finance Cisco to Buy Acacia Communications for About $2.6 Billion (W) IBM Closes Its Red Hat Purchase, a Deal With High Stakes for Rometty (W) Piper Jaffray to Buy Sandler O’Neill for $485 Million (W) Cryptocurrencies Facebook’s head of Libra crypto project tells Senate it needs help from governments and regulators (C)

wiar 07-09-19

Mary FanslauWhat I Am Reading

July 09 (Tuesday) Markets Stocks Fall as Prospects of Aggressive Fed Rate Cuts Recede (W) Dow falls more than 100 points as Apple leads tech slide (C) If the S&P 500 hits this level, it could signal a market top (C) During Stock Rally, Nervous Investors Buy Bonds, Too (W) Fed Expectations Trigger Record Run of Outflows in Leveraged Loans (W) Central banks Cramer: Powell needs to defend the Fed’s independence on Capitol Hill this week (C) US Weaker growth will offset a Fed rate cut — so sell stocks, warns Morgan Stanley (MW) Apartment rental demand soars as more millennials believe it’s cheaper than owning a home (C) U.S. Consumer Borrowing Climbs on Bigger Credit Card Balances (B) $15 minimum wage would boost pay for 17 million but 1.3 million would lose their jobs, CBO says (C) China Heavy Debt Humbles China’s Business Champions, Including the Jewelry Queen (W) US politics Eric Swalwell will be the first prominent Democrat to drop out of the 2020 presidential race, reports say (C) Elizabeth Warren raises $19 million in second quarter, ahead of Sanders but behind Biden (C) Geopolitics & trade Iran’s Breach of Nuclear Pact Tests European Resolve (W) Why the U.S. Should Remain Protector of World Oil Flows (W) Industries & companies Consumer: P&G, in Search of New Markets, Is Going After Bugs (W) FAANGs: Amazon workers are reportedly planning a Prime Day protest (C) Financials: Deutsche Bank Shares Fall Sharply on Restructuring (W) Financials: Deutsche Bank Layoffs Begin as Workers Feel Turnaround Plan’s Impact First (N) Tech: Samsung Expects Operating Profit to Fall More Than 50% (W) Tech: Apple ‘fundamental deterioration’ to last into 2020, analyst predicts (MW)

wiar 07-08-19

Mary FanslauWhat I Am Reading

July 08 (Monday) Markets The Stock Market May Be Pointing to Trump’s Reelection (BR) The week ahead: Powell’s testimony could make or break the stock rally (C) Does the Federal Reserve Rule the Markets, or Is It the Other Way Around? (BR) The U.S. Is Overflowing With Natural Gas. Not Everyone Can Get It. (W) Copper an Outlier as Most Markets Rebound on Trade (W) Funds How Fund Managers Are Investing in China While Bracing for Conflict (BR) ‘Pay-to-Play’ by Mutual Fund Companies and Brokerages Is Hurting Investors. Here’s How. (BR) Central banks Trump isn’t the first president to try to influence the Federal Reserve (NBC) US U.S. Hiring Bounces Back, Easing Fears of a Jobs Slowdown (W) The Myth of the Tight U.S. Labor Market (B) China China Is Wrestling With a Changing World. Don’t Underestimate the World’s Second-Largest Economy (BR) Europe For Europe, There’s an Upside to Germany’s Slowdown (W) SocGen Chairman Warns Economic Risks Are Building in Europe (B) Greek prime minister-elect: ‘It’s an important victory for Europe, not just for Greece’ (C) Greek Opposition Leader Mitsotakis Seals Sweeping Victory (B) EU Must Agree on Lagarde’s IMF Replacement, French Official Says (B) EU Officials Are Considering Mark Carney for Top IMF Job (B) Geopolitics & trade The Trump Tariff Twist That’s Cost U.S. Steel $5.5 Billion (B) Industries & companies Aerospace: Boeing Loses MAX Deal to Airbus (W) Autos: SUVs Are Bumper-to-Bumper on Dealer Lots, With More on the Way (W) Consumer: Campbell Tries to Reheat Soup Sales (W) FAANGs: Spurred by Amazon, Supermarkets Try Swapping Cashiers for Cameras (W) Financials: Deutsche Bank will exit global equities business and slash 18,000 jobs in sweeping overhaul (C) Tech: Samsung Expects Operating Profit to Fall More Than 50% (W) Corporate finance Broadcom Moves Closer to Acquiring Symantec (B) Investors Are Finally Pushing Back on Corporate Debt Issuers (BR) WeWork to Raise Billions Selling Debt Ahead of IPO (W) The rise and rise of private capital (E) Offbeat California Assesses Damage After Second Powerful Earthquake Hits (W) No, it’s not just you, New Yorkers and San Franciscans: Urban housing markets all over the world have grown way too expensive (MW) For most Americans, $1.7 million is the magic retirement number (C)

wiar 07-06-19

Mary FanslauWhat I Am Reading

July 06 (Friday) Markets Strong June jobs report sends stocks lower—5 experts explain what comes next (C) El-Erian: The market has ‘gotten carried away’ with its Fed rate cut predictions (C) The week ahead: Powell’s testimony could make or break the stock rally (C) Central banks Jobs Report Weakens Case for Larger Fed Rate Cut This Month (W) Fed Debate Shifts From Large Cut to Whether to Cut at All (B) Trade War May Be Slowing Business Spending and Factories, Fed Says (N) US U.S. Hiring Bounces Back, Easing Fears of a Jobs Slowdown (W) Here’s where the jobs are — in one chart (C) The longest expansion, but definitely not the greatest (The Hill) US politics Kamala Harris Fundraising in Middle of the 2020 Pack (W) Geopolitics & trade U.S. Says Trade Talks Resuming as China Demands End to Tariffs (B) U.S. Calls for Special Meeting of U.N. Atomic Agency Over Iran (W) Industries & companies FAANGs: Amazon’s Deliveroo Investment Gets U.K. Watchdog’s Attention (W) Pharma: Fast-Track Drug Approval, Designed for Emergencies, Is Now Routine (W) Pharma: Trump Plans Order to Tie Drug Prices to Other Nations’ Costs (W) Tech: Samsung Expects Operating Profit to Fall More Than 50% (W) Technology For U.S. Military Drones, Airspace Is Growing More Congested, Dangerous (W) Corporate finance The Fireworks Over Share Buybacks Are Duds (W) Offbeat Will Gen-Z Save the World? (N) Feds seek $12.6 billion in drug money from ‘El Chapo’ (C) Need Customer Service for an App? Prepare to Lose Your Mind (W)