wiar 09-17-19

Mary FanslauWhat I Am Reading

September 17 (Tuesday) Markets Wall Street drops after Saudi attacks, energy stocks spike (R) Oil prices could go much higher if there is a military escalation after Saudi attack (C) Oil jumps nearly 15% in record trading after attack on Saudi facilities (R) Opinion: Why stock investors are overreacting to the Saudi oil attack (MW) Currencies & credit Why The Dominant U.S. Dollar Refuses To Go Away (B) China Is Pitting the Yuan Against the Dollar. So Far, It’s Not Going to Plan. (W) Banks Warm to Mortgage Bonds That Burned Them in 2008 (W) Central banks Expectations suddenly are rising that the Fed might not cut interest rates this week (C) Don’t expect oil shocks to move the Fed (R) BOJ Expected to Hold Fire This Week After Fed, ECB Decisions (B) US Attacks on Saudi oil facilities – what will it mean for consumers? (R) China China’s Economy Aches All Over as Beijing Seeks Trade Fix With the U.S. (W) US politics Senior U.S. Democrat focused on Trump impeachment, not Kavanaugh (R) GM Strike Could Test President Trump (W) Warren Pushes Further Restrictions on Lobbyists (W) Lawmakers Make Long-Shot Bid to Check Presidential Tariff Powers (W) Geopolitics & trade Trump says he’s in no rush to respond to the attacks on Saudi oil facilities (C) Trump says he does not want war after attack on Saudi oil facilities (R) Trump’s Suggestion of Iran Strike Raises Bipartisan Alarm (B) Evidence indicates Iranian arms used in Saudi attack, say Saudis (C) U.S.-China deputy-level trade talks to begin Thursday in DC: USTR (R) Trump says U.S. reaches trade deals with Japan, no vote needed (R) Global Services Trade Also Set To Slow, Says WTO (W) Industries & companies Autos: UAW Strike Could Cost GM $100 Million a Day (W) Financials: JPMorgan Inherited ‘Spoof’ Method From Bear Stearns, U.S. Says (B) FAANGs: Amazon Changed Search Algorithm in Ways That Boost Its Own Products (W) Pharma: Factbox: What’s next for OxyContin maker Purdue Pharma (R) Corporate finance Antitrust Enforcers Signal Discord Over Probes of Big Tech (W) WeWork parent pulls IPO following pushback: sources (R) Offbeat Why working has become the new retirement (MW) No One Can Agree on How to Price California Home Insurance for Wildfires (W)

wiar 09-16-19

Mary FanslauWhat I Am Reading

September 16 (Monday) Markets Dow set to lose more than 100 points on fears spiking oil will slow the global economy (C) Brent crude oil jumps 13% after drone strikes disrupt Saudi crude production (C) Junk Debt Sends Early Warning Signals (W) Strong U.S. Dollar Prompts Speculation of Trump Intervention (W) Central banks Are Central Banks Losing Their Economic Clout? (BR) China ‘Very difficult’ for China’s economy to maintain 6% growth: Premier Li (R) US politics 2020 Democrats call for impeachment of Justice Brett Kavanaugh after new misconduct allegation (C) New Report on Kavanaugh Reopens Debate (W) Judges Say They Aren’t Extensions of Presidents Who Appointed Them (W) Geopolitics & trade Trump authorizes release of oil from strategic petroleum reserve after Saudi attacks (C) Saudi Arabia reportedly aims to restore one-third of lost oil output by Monday (C) Iran Rejects U.S. Accusations Over Saudi Oil Attacks (W) Why China and the U.S. Face Similar Pressures to Resolve Trade Tensions (BR) ‘It’s not a free market’: These manufacturers say tariffs help level the playing field with China (C) Kim Jong Un Invited Trump to Visit Pyongyang, South Korean Media Reports (B) Industries & companies Autos: UAW calls strike against General Motors for first time since financial crisis (C) FAANGs: Apple is becoming a camera company (C) Logistics: FedEx Reports Earnings Next Week. Here’s How to Play It. (BR) Railroads: Railroad Stocks Could Run Out of Steam (BR) Cybersecurity U.S. Targets North Korean Hacking as Rising National-Security Threat (W) Offbeat New York Declares ‘Emergency’ Ban on Flavored E-Cigarettes (B)

wiar 09-14-19

Mary FanslauWhat I Am Reading

September 14 (Saturday) Markets Dow notches 8-day winning streak, nears record on growing optimism around US-China trade (C) ‘The most important chart in the world’ offers a warning sign for stocks (C) Treasuries Dive, Sending 10-Year Yield to Highest in Six Weeks (B) Surge in Treasury Yields Reflects Easing Economic Worries (W) Falling Yields Unleash Flood of Muni ‘Century Bonds’ (W) Central banks With rate cut likely, market wonders how low Fed will go (R) Kudlow Faults Negative Interest Rates, Contradicting Trump (B) ECB Dispute Goes Public as Governors Spar Over Draghi’s QE Move (B) As Draghi Gets Ready to Exit, His Legacy Remains Contested (W) US Solid U.S. retail sales calm some worries about economy (R) This was the worst week for mortgage rates in 3 years – and it may be just the beginning (C) US politics Tax Cut 2.0 Looks Different to Trump Than to GOP Lawmakers (B) Kamala Harris’ debate performance fails to sway big-money donors (C) Geopolitics & trade China to Exempt U.S. Soybeans, Pork From Punitive Tariffs (W) Trump, Awaiting Egypt’s Sisi at Summit, Called Out for ‘My Favorite Dictator’ (W) Industries & companies FAANGs: Disney CEO Bob Iger resigns from Apple board (C) Pharma: FDA Finds Probable Carcinogen in Some Versions of Zantac (W) Tech: Gig Economy in Crosshairs After Freewheeling Growth (W) Corporate finance AT&T Activist Showdown Raises Question: How Much Fat Can Be Cut? (B) J. Crew Planning a Public Offering of Madewell Denim Brand (B) As Peloton prepares IPO, music publishers seek to double lawsuit to $300 million (R) SoftBank to Buy at Least $750 Million of WeWork Parent Shares in IPO (W) Cloudflare Jumps 20% in Market Debut (W) MoviePass to Halt as Parent Explores Possible Sale (W) Offbeat New York Uncovers $1 Billion in Sackler Family Wire Transfers (B) First peanut allergy therapy gets backing from U.S. regulators’ expert advisers (R)

wiar 09-13-19

Mary FanslauWhat I Am Reading

September 13 (Friday) Markets Opinion: 3 powerful reasons the stock market is heading even higher (MW) How rock-bottom bond yields spread from Japan to the rest of the world (E) Mnuchin Says U.S. Looking Closely at Issuing 50-Year Bond (W) Central banks European Central Bank Moves to Spur Eurozone Economy (W) ECB Cuts Rates, Revives QE to Lift Growth as Draghi Era Ends (B) Draghi Faced Unprecedented ECB Revolt Over QE (B) Yellen Expects Fed to ‘Do More’ to Keep U.S. Economy on Track (B) US U.S. Deficit Tops $1 Trillion for First Time in Seven Years (W) Need Cash? Lenders Use New Metrics for Making Loans (W) Medicaid’s Dark Secret (The Atlantic) Europe Boris Johnson Denies Lying to Queen Over Suspension: Brexit Update (B) Emerging Will the IMF Finally Learn From Argentina? US politics House Panel Approves Procedures for Trump Impeachment Probe (W) Geopolitics & trade Exclusive: Ahead of trade talks, China makes biggest U.S. soybean purchases since June – traders (R) China Seeks to Narrow U.S. Talks to Break Deadlock (W) Mexico pushes back after top U.S. court favors Trump on shunning migrants (R) Industries & companies Energy: Low-cost fracking offers boon to oil producers, headaches for suppliers (R) FAANGs: France Hardens Position Against Facebook’s Libra Currency (W) Retail: Old Navy Plans to Open 800 More Stores (W) Corporate finance Yahoo Japan Takes on Amazon, Rakuten With $3.7 Billion Deal (W) SmileDirectClub Sinks From IPO in a First Since ’08 Crisis (B) Offbeat Enormous black hole in Milky Way galaxy appears to be hungry (P)

wiar 09-12-19

Mary FanslauWhat I Am Reading

September 12 (Thursday) Markets End of Era: Passive Equity Funds Surpass Active in Epic Shift (B) JP Morgan’s market guru say his ‘once in a decade’ trade is upon us (C) Central banks Trump Says Fed Should Reduce Rates to ‘Zero, or Less’ (W) The Fed Doesn’t Want Negative Interest Rates Even Though Trump Does (B) Trump calls for subzero interest rates. That could backfire (NN) Trump’s call for negative rates threatens savers (R) Note to Trump: Negative rates have delivered few positive results (R) US The U.S. isn’t building enough houses — and that’s not changing anytime soon, economists say (MW) U.S. producer prices rise; Fed rate cut still expected (R) Europe U.K. Parliament Suspension Is Ruled Unlawful by Scottish Court (W) U.K. Government Outlines ‘Worst-Case Scenario’ for No-Deal Brexit (W) U.K. Warns of Protests, Chaotic Border Scenes in No-Deal Brexit (B) Japan The Great Immigration Experiment: Can a Country Let People in Without Stirring Backlash? (W) US politics White House could consider capital gains tax plan Trump appeared to abandon (C) Trump Sends Regards to Departed ‘Mr. Tough Guy’ Bolton (W) Trump says Bolton a ‘disaster’ on North Korea, ‘out of line’ on Venezuela (R) California Senate passes bill to tighten ‘gig’ worker rule (R) Geopolitics & trade China Detains Taiwanese Businessman (W) Industries & companies Autos: States hit electric vehicle owners with high fees, Consumer Reports says (C) Industrials: Opinion: As Larry Culp tries to turn around GE, this is the next phase to watch (MW) Pharma: Purdue Pharma Reaches Deal With Cities, 23 States Over Opioid Crisis (W) Retail: Retail Bankruptcies Rise, Store Closures Jump in First Half of 2019 (W) Corporate finance SmileDirectClub prices IPO at $23 per share, valuing the company at $8.9 billion (C) Hong Kong Stock Exchange Makes $36.6 Billion Offer for London Rival (W) Biotech Firm Moves to Revive Hong Kong IPO Market (W) Offbeat Trump administration readies ban on flavored e-cigarettes amid outbreak of vaping-related deaths (C) As Juul Moves Abroad, It’s Leaving Some of Its U.S. Restrictions Behind (W) Ground Zero Ceremony Marks 18th Anniversary of 9/11 Attacks (W)

wiar 09-11-19

Mary FanslauWhat I Am Reading

September 11 (Wednesday) Markets Stocks close little changed as tech shares and Ford weigh on the market (C) Dow Industrials Extend Winning Streak (W) Rush to Corporate Bonds Reflects Cautious Optimism (W) Some Investors Actually Make Money on Negative-Yielding Debt (B) Oil Prices Sink After Trump Ousts John Bolton (W) A Giant Bet Against Natural Gas Is Blowing Up (W) Central banks Morgan Stanley’s Gorman Warns Against Cutting Rates ‘Too Easily’ (B) Cautious optimism supports dollar ahead of ECB (R) US U.S. Job Openings Cool in Slowing Labor Market (W) Declining U.S. vacancies point to slowing job growth (R) Median U.S. Household Income Showed No Growth in 2018 (W) Number of Uninsured Americans Rises for First Time in Decade (W) Europe Four Ways That Britain’s Brexit Drama Could Play Out Next (B) IMF Urges German Government Spending to Revive Flagging Economy (B) Forget Germany, the Real Fiscal Policy Tightwads Are in Sweden (B) US politics Trump says he fired national security advisor John Bolton — but Bolton says he ‘offered to resign’ (C) Drug Prices Get Washington’s Attention Ahead of 2020 Election (W) Geopolitics & trade Huawei Has a Plan to Help End Its War With Trump (N) Industries & companies FAANGs: The most important feature of the new iPhone 11 is its price (C) FAANGs: Apple Undercuts Rivals With Streaming Price (W) FAANGs: Here’s a first look at all of the new products Apple announced today (C) FAANGs: Amazon’s New Multistory Warehouse Aims to Cut Delivery Times (W) FAANGs: Google Hit With Sweeping Demand From States Over Ad Business (B) Financials: Jamie Dimon says JP Morgan is preparing for the risk of zero rates in the US (C) Corporate finance Peloton sets IPO range between $26 and $29 per share, looks to raise as much as $1.2 billion (C) China’s Anbang to Sell Hotels for More Than $5.8 Billion (W) GE to Give Up Majority Control of Baker Hughes (W) Activist Investor Wants AT&T to Be More Like Verizon (W) Activist to AT&T: What’s the Plan With WarnerMedia? (W)

wiar 09-10-19

Mary FanslauWhat I Am Reading

September 10 (Tuesday) Markets Dow Industrials Edge Up in Quiet Session (W) Stocks are expected to break out to new highs, barring any errant presidential trade tweets (C) Stocks Near Records, but Memories of 2018 Leave Investors Uneasy (W) Hedge Funds Getting Burned as Growth Stocks Trounced by Value (B) Credit Top U.S. regulator warns over corporate debt, market risks (R) US consumer borrowing posts $23.3 billion gain, biggest gain since late 2017 (C) Real US debt levels could be 2,000% of economy, a Wall Street report suggests (C) US U.S. Treasury chief sees positive year for economy as China talks loom (R) U.S. consumer inflation expectations decline to a new low: NY Fed survey (R) Fall housing shifts quickly to a buyer’s market (C) Amazon Has 30,000 Open Jobs. Yes, You Read That Right. (N) US politics Trump Calls GOP Challengers the ‘Three Stooges’ (W) Europe Boris Johnson Promises Oct. 31 Brexit as Law Passes to Rule Out No Deal (W) MPs Demand Government Publish No-Deal Planning: Brexit Update (B) Boris Johnson Faces Parliament Defeat on Snap Election: Trader’s Guide (B) Corbyn, unlikely EU warrior, makes last stand on Brexit (R) Germany Says Budget Change Possible to Counter Slump; Bunds Fall (B) Geopolitics & trade U.S. Files Criminal Charges Against Chinese Professor Linked to Huawei (W) The World Expected a Chinese Tech Takeover. Alibaba Can’t Even Conquer Vietnam. (W) Industries & companies Energy: Fracking Buzzwords Evolve, From ‘Ramp Up’ to ‘Capital Discipline’ (W) FAANGs: Google faces a new antitrust probe by 50 attorneys general (C) FAANGs: The Government vs. Big Tech: Arguments Each Side Could Make (W) eCommerce: Shopify will soon trail only Amazon for US e-commerce, and the stock is soaring (C) Corporate finance Elliott Discloses AT&T Stake and Calls for Shake-Up (W) Offbeat Early retirement sounds amazing, but it can take a toll on your mental health (MW)

wiar 09-09-19

Mary FanslauWhat I Am Reading

September 9 (Monday) Markets Opinion: Gold’s big drop is just the beginning of a longer slide (MW) Central banks Why the coming recession could force the Federal Reserve to swap greenbacks for digital dollars (MW) Global High Debt Levels Are Weighing on Economies (W) What Americans Can Learn From the Rest of the World About Retirement US Manufacturers Cut Spending as Trade War Dents Confidence (W) Low Interest Rates Create a Pension Problem for Companies (BR) Workers Are Fleeing Big Cities for Smaller Ones—and Taking Their Jobs With Them (W) Europe Sticking to Brexit plan, Johnson will not seek a delay (R) In Italy, Pensioners Are Pawns in a Fiscal Showdown (BR) The new European Commission will be the most political yet (E) China China Says Growth Is Fine. Private Data Show a Sharper Slowdown. (W) US politics Congress Returns From Summer Break With Lengthy Agenda (W) Geopolitics & trade China’s exports to the US are falling sharply as Trump escalates the trade war (C) Hong Kong police fire tear gas as clashes erupt after thousands appeal to Trump (R) Exclusive: IAEA found uranium traces at Iran ‘atomic warehouse’ – diplomats (R) Syria will poison the region for years to come (E) Offbeat ‘We’re at War’: A Covert Social Media Campaign Boosts Military Rulers (N)

wiar 09-07-19

Mary FanslauWhat I Am Reading

September 7 (Saturday) Markets Wall St. barely gains after mixed U.S. jobs data (R) U.S. Junk Bonds With Negative Yields? Yes, Kind of (W) Central banks I Fed chief Powell says trade policy is weighing on investment decisions (C) Powell says the Fed is not forecasting or expecting a recession (C) Fed Chair Powell repeats vow to act ‘as appropriate’ (R) Don’t assume a rate cut is coming this month, says former Fed official (C) August Jobs Report Will Keep Fed on Track to Cut Rates (W) Central banks II China’s Central Bank to Free Up $126 Billion for Lending (W) Explainer: ECB weighs stimulus options to boost ailing economy (R) US U.S. hiring cools; wages, hours offer silver lining (R) Modest August Job Growth Shows Economy Expanding, but Slowly (W) Europe Britain’s Steve Bannon Is Tearing Boris Johnson’s Tories Apart (B) US politics More House Republicans Ask: Why Win Re-election When You Can Retire Instead (N) Opinion: This economy is just like the one Trump ran against in 2016 — except one thing (MW) Geopolitics & trade U.S.-China trade conflict could take years to resolve: Kudlow (R) Why U.S.-China Supply Chains Are Stronger Than the Trade War Industries & companies FAANGs: States to Launch Google, Facebook Antitrust Investigations (W) FAANGs: Facebook Rolls Out Dating Feature in U.S. (W) FAANGs: Big Tech’s Hands-Off Era Is Over (W) Corporate finance WeWork’s List of Potential Conflicts Adds to Questions Ahead of IPO (W) Buyout Firms Seek to Acquire Symantec for More Than $16 Billion (W) Offbeat Death toll rises from mysterious lung illnesses linked to vaping, prompting CDC to sound alarm on e-cigarettes (C) India Loses Contact With Chandrayaan-2 Mission During Moon Landing Attempt (N)

wiar 09-06-19

Mary FanslauWhat I Am Reading

September 6 (Friday) Markets U.S., China agree to resume trade talks, markets jump (R) OPEC is struggling to prove it can still arrest oil price declines in the age of Trump, RBC’s Croft says (C) Precious Metals Enjoy Resurgence in Negative-Yield World (W) Central banks Fed Lines Up Another Quarter-Point Rate Cut (W) The Fed is expected to cut rates only a quarter point, and that may not satisfy markets (C) The White House says the Fed is the No. 1 problem facing the economy. That’s not true (NN) US U.S. services sector suggests economy weathering trade storm (R) A Recession Isn’t Inevitable: The Case for Economic Optimism (N) Europe Boris Johnson ‘has lost control,’ experts say, but election could be a ‘lifeline’ (C) A snap election could damage Boris Johnson’s party, or even see the UK break apart (C) Geopolitics & trade China and the U.S. Will Hold Trade Talks in Washington in October (W) Reliable China insiders hint that this round of trade talks could lead to a ‘breakthrough’ (C) No place like home: Chinese firms stung by trade war build up domestic brands (R) Hong Kong leader says China ‘respects and supports’ withdrawal of extradition bill (R) ‘Half an Olive Branch’ Fails to Pacify Hong Kong Protesters (W) U.S. Border Crossings Continue to Fall as Mexico Disrupts Migrant Flow (W) The Secret History of the Push to Strike Iran (N) Industries & companies Autos: Opinion: Here’s how to capitalize on the electric car revolution — without buying Tesla’s stock (MW) FAANGs: Amazon is testing a ‘New’ badge to highlight newly released products (C) Utilities: PG&E’s Long Record of Run-Ins With Regulators: A ‘Cat and Mouse Game’ (W) Corporate finance WeWork is dramatically slashing its IPO valuation to less than $25 billion because of weak demand (C) Offbeat The Top-Ranked College Is… (W) New York finds high levels of vitamin E oil in cannabis vaping products linked to lung disease (C)