wiar 05-23-19

Mary FanslauWhat I Am Reading

May 23 (Thursday) Markets U.S. Stocks Close Lower as Chip Makers Decline (W) Russian Pipeline Shutdown Shifts Balance in Oil Market (W) Central banks Fed Minutes Show Expectations That Soft Inflation Will Be Temporary (W) Fed Pushes Back Against Rate Cuts That Markets Continue to Seek (B) US The real reason millennials are in such bad financial shape (WP) More baby boomers stay in their homes as they reach retirement, skipping downsizing Europe EU’s New Headache: Skeptics Set to Gain Power From Within (W) US politics Trump Ends Bipartisan Effort Until Probes Finish (W) Deutsche Bank Can Release Trump Records to Congress, Judge Rules (N) Geopolitics & trade The Trade War Is Hitting U.S. Companies in China. Here’s How Tough It Is. (BR) Huawei Accuses U.S. of Bullying, Seeks to Enlist Europe’s Help (W) Huawei executive accused of stealing trade secrets from chipmaker backed by Microsoft, Dell (C) Industries & companies FAANGs: Amazon Could Deliver Bad News for Uber (W) Retail: Lowe’s Cuts Outlook as Profit Gets Squeezed (W) Tech: Qualcomm Shares Hit by Ruling on Antitrust Violation (W)

wiar 05-22-19

Mary FanslauWhat I Am Reading

May 22 (Wednesday) Markets U.S. Stocks Rise as Huawei Ban Is Delayed (W) Real-Estate Stocks in High Demand as Trade Battle Brews (W) Long-Short Strategies Are Finally Coming to China’s Stock Market (B) Hybrid CDOs Are ‘Cheapest Thing in the Entire Globe,’ CSAM Says (B) Central banks Fed’s Rosengren Sees No Reason to Change Rate Policy Right Now (W) Potential Fed nominee Judy Shelton wants a change in the way interest rates are set (C) US U.S. Existing-Home Sales Fell in April (W) Existing Home Sales Appear to Be Muted More by Price Than Supply (B) US politics House Democrats Subpoena Hope Hicks, Former McGahn Aide Annie Donaldson (B) Geopolitics & trade U.S. Slows Hiring of Chinese Nationals by Chip Makers (W) Chinese ambassador on trade talks: The US ‘changes its mind so often’ (C) Industries & companies Aerospace: Boeing Official Played Down Scenario That May Have Doomed Ethiopian Jet (W) Retail: Big Retailers’ Sales Lag as They Gird for Increase in Tariffs (W) Retail: A wave of retail earnings reports shows department stores still haven’t figured out how to get shoppers excited (C)

wiar 05-21-19

Mary FanslauWhat I Am Reading

May 21 (Tuesday) Markets Stocks Dragged Down by Tech Sector (W) Central banks Negative Rates, Designed as a Short-Term Jolt, Have Become an Addiction (W) Why former fed chair Alan Greenspan is wrong about inflation estimates (P) Fed’s Williams Says It’s ‘Good’ Economy Can Have Strong Job Market Without Inflation (W) Fed’s Harker: Monetary Policy Can’t Be Run on Rules Alone (W) Japan Japan Surprises With 2.1% Growth, but It’s Not All Roses (W) Geopolitics & trade China Warns About ‘Unwavering Resolve’ to Fight U.S. ‘Bullying’ (B) US eases some restrictions on China’s Huawei, reportedly halting Google’s plans to cut access (C) Opinion: Trump’s Huawei ban is hurting tech stocks — here’s what money flows are showing (MW) Industries & companies Autos: Ford to Cut 7,000 Jobs in Bid to Catch Up to Rivals (W) Autos: Tesla in ‘Code Red Situation’ as Sell-Off Exceeds 20% (B) FAANGs: Amazon Faces Investor Pressure Over Facial Recognition (N) Retail: Good food is bringing people to the mall. And they’re spending more money when they get there (C) Corporate finance T-Mobile, Sprint Get Key FCC Backing, but Hurdles Remain (W) Technology Robots Take a Turn Leading Autism Therapy in Schools (W) Offbeat In Plastic-Bag Wars, the Industry Fights Back (W)

wiar 05-20-19

Mary FanslauWhat I Am Reading

May 20 (Monday) Markets Despite Mideast Tensions, OPEC Inches Closer to Maintaining Production Cuts Through 2019 (W) US Spending Slowed as Companies Weighed Trade Concerns (W) ‘Playing Catch-Up in the Game of Life.’ Millennials Approach Middle Age in Crisis (W) Heard on the Street: Millennial Home Buyers Might Never Come Knocking (W) US politics Trump Calls GOP Congressman a ‘Loser’ After Call for Impeachment (W) Geopolitics & trade Trump warns Iran not to fight the US: ‘That will be the official end of Iran’ (C) The Trade War Is Here. Don’t Panic. (BR) Trump and 2020 Democrats Stake Out Dueling Views on China Trade (C) Google suspends some business with Huawei after Trump blacklist (C) Industries & companies Autos: Auto analysts worry Tesla fires could dampen electric car sales as industry ramps up EV production (C) Autos: Fiat Chrysler’s Ram Is Gaining on Pickups From GM and Ford (W) FAANGs: Amazon is spending billions on internet satellites, self-driving cars and more as revenue growth slows (C) Media: Not Even Apple Can Clean Up the Mess of Streaming TV (W) Pharma: Bayer’s Roundup Problem Sends Shares Spiraling Down (W) Retail: Nordstrom Stock Is Now a Can’t-Miss Bargain (BR) Corporate finance Hewlett Packard Enterprise to Buy Supercomputer Builder Cray (W) Offbeat Resistance to Noncompete Agreements Is a Win for Workers (W) Masayoshi Son claims to have a 300-year vision, but his bets suggest he’s making it up as he goes (C) The 13 craziest slides that show SoftBank’s vision for the next 300 years (BI)

wiar 05-18-19

Mary FanslauWhat I Am Reading

May 18 (Saturday) Markets The stock market fears more trade retaliation from China is coming next week (C) ‘No One Wants to Give In’: Stock Rally Is Too Tempting To Abandon (B) High-Speed Traders Agree to Back New Stock Exchange (W) The Trade War Has Sunk Emerging Markets. There’s More to Come. (B) US A third of middle-class adults can’t afford to pay for a $400 emergency (C) China China faces possible hit to credit rating if the trade war isn’t resolved (C) ‘China’s Google’ Posts First Loss Since 2005 (W) US politics Mnuchin Rejects House Panel’s Subpoena for Trump’s Tax Records (B) Trump Says Freeing Fannie-Freddie From U.S. Control Is ‘Urgent’ (B) Geopolitics & trade I How Xi’s Last-Minute Switch on U.S.-China Trade Deal Upended It (N) Trump Says U.S. Reaches Deal With Canada, Mexico to End Steel and Aluminum Tariffs (W) Companies Focused on North American Trade Welcome Deal (W) White House Delays Decision on Auto Tariffs for 180 Days (W) Toyota Rebukes Trump for Sending Message That Carmaker ‘Not Welcomed’ in U.S. (B) Geopolitics & trade II US trade talks with China have stalled: Sources (C) How Beijing became bigger threat than Russia by exploiting US liberals (N) Trump’s Love for Tariffs Began in Japan’s ’80s Boom (N) Industries & companies FAANGs: Google uses Gmail to track a history of things you buy — and it’s hard to delete (C) Hotels: Wynn Resorts Confirms Talks to Sell Boston-Area Casino to MGM (W) Tech: Microsoft, Sony to Partner on Cloud Technology for Gaming Services (W) Corporate finance Booming Buybacks Aren’t Likely to Wane Despite Market Volatility (W) Luckin Coffee Shares Jump in Market Debut (W) Cryptocurrencies Lack of Banking Options a Big Problem for Crypto Businesses (W)

wiar 05-17-19

Mary FanslauWhat I Am Reading

May 17 (Friday) Markets Dow Industrials Rise, Lifted by Walmart, Cisco (W) Bonds Calling the Shots for Stocks as Rate Cuts Outweigh Trade (B) Markets Create Their Own Reality (W) China Cuts U.S. Treasury Holdings to Lowest Level Since 2017 (B) Central banks Fed Officials Reveal More Doubts About Inflation Dynamics, but See Few Solutions (W) Fed Officials Sound an Alarm, Worrying Weak Inflation Could Last (N) US Trump’s Latest Tariffs Likely to Have Only Modest Impact on Inflation (W) Home Building in the U.S. Rose in April (W) Credit card rates are now at their highest level in history and may weigh on the economy (C) China Western Companies Get Tangled in China’s Muslim Clampdown (W) US politics Michael Flynn told special counsel about possible attempts to obstruct Russia probe (C) Geopolitics & trade Intelligence Suggests U.S., Iran Misread Each Other (W) Trump’s Latest Move Takes Straight Shot at Huawei’s Business (N) China has plenty of ways to get back at US for treatment of Huawei (C) Silicon Valley Will Feel Sting of Huawei Export Restrictions (W) Walmart Says Customers Will Pay More After Trump’s Tariffs (B) Cramer: Trump no longer cares if his China policies hurt American businesses (C) Why Trump Can’t Spin the Trade War (B) Industries & companies Airlines: Boeing Faces More FAA Requests as It Completes 737 MAX Fix (W) Autos: Tesla’s Autopilot Was Engaged in Fatal Florida Crash, Investigators Find (W) FAANGs: Facebook Bans Israeli Firm Over Fake Political Activity (W) Financials: Citigroup Hit Hardest as EU Fines Banks $1.2 Billion Over FX (B) Financials: Goldman to Acquire Boutique Wealth Manager for $750 Million (W) Health Care: Haven, the new health venture led by Amazon, Berkshire Hathaway and JP Morgan, just lost its No. 2 exec (C) Retail: Walmart Extends Streak of Sales Growth (W) Tech: Nvidia sees brief pop after earnings beat (C) Tech: Pinterest shares plunge 15% after reporting larger-than-expected loss (C) Corporate finance Booming Buybacks Aren’t Likely to Slow Down (W) China Starbucks Rival Luckin Raises $561 Million in U.S. IPO (B)

wiar 05-16-19

Mary FanslauWhat I Am Reading

May 16 (Thursday) Markets Can the stock market hold out long enough for Trump to win a trade war? (MW) Central banks Three Fed Rate Cuts in 2019? Let’s Take a Deep Breath (B) US U.S. Retail Sales Unexpectedly Fall Amid Weak Auto Purchases (B) American Consumers Shopped Till They Dropped (W) U.S. Industrial Production Dropped in April (W) U.S. Births Fall to Lowest Level Since 1980s (W) US politics NYC Mayor Bill de Blasio will enter the 2020 presidential race: NBC News (C) Trump’s new immigration plan emphasizes skills and education over family connections (C) Geopolitics & trade U.S. Targets Huawei As It Seeks to Revive China Trade Talks (W) As the China trade dispute drags on, Trump is still ‘playing with the bank’s money’ (C) U.S. Embassy in Iraq Orders Staff to Leave as Iran Tensions Rise (W) Industries & companies Health Care: White House Wants Patients to Know Health Prices Up Front (W) Tech: Microsoft Warns of Monster Bug, In a Week of Them (W) Tech: Cisco’s Revenue Rises as Investors Weigh Possible Tariff Effects (W) Corporate finance Have Stock Buybacks Gone Too Far? Offbeat Officials: Camp Fire, deadliest in California history, was caused by PG&E electrical transmission lines (C) Teens Smuggle Burner Phones to Defy Parents (W)

wiar 05-15-19

Mary FanslauWhat I Am Reading

May 15 (Wednesday) Markets Dow rises more than 200 points, posts best day in a month to claw back some of Monday’s drop (C) Markets Say Most of the Bad News on Trade Is Already Out There (B) Markets signal to US and China on the trade war: You have ‘blundered into a minefield’ (C) Apple is the ‘poster child’ for trade tensions and if its stock bounces, so could market (C) The Quant Revolution Is Coming for Corporate Bonds (B) Central banks Fed’s Esther George says there’s no need for a rate cut even with the trade threat looming (C) Fed’s George Warns Rate Cut Could Lead to Bubbles and Recession (B) US U.S. Credit-Card Delinquency Rates Rising, Particularly Among the Young (W) US politics Looking at the real tax numbers Federal judge seems to side with Democrats in their fight to get Trump’s financial records (C) Geopolitics & trade Why the U.S.-China Trade War Could Be Long and Painful: No Off-Ramps (N) China Could Lose Face, Get Rich From a Trade Deal (W) China Invokes Patriotic Spirit as Trade Fight Escalates (W) Trump Sees China Trade Deal ‘When the Time Is Right’ (W) Industries & companies Financials: Fidelity Drops Goldman by Bringing Securities Lending In-House (B) Retail: Retailers to take a hit: Trade war could cause ‘widespread store closures’ (C) Tech: Foxconn Profit Falls as iPhone Sales Flag (W) Corporate finance Disney to Assume Full Operational Control of Hulu in Comcast Deal (W) Uber underwriters worried about the IPO deployed unusual ‘naked short’ tactic to support the stock (C)

wiar 05-14-19

Mary FanslauWhat I Am Reading

May 14 (Tuesday) Markets Stocks Sink as U.S.-China Trade Dispute Escalates (W) Stock sell-off set to continue Tuesday as Dow Futures open lower (C) The biggest Dow losers since the trade war escalated show investors fleeing companies with China business (C) China’s ‘self-destructive nuclear option’ in trade war: Selling US Treasury bonds (C) 4 reasons why China won’t use ‘nuclear option’ of selling Treasurys to retaliate against U.S. (MW) Central banks Rosengren Says Fed Needs More Time to Weigh Trade War Impact (B) US April Inflation Expectations Fell, N.Y. Fed Says (W) Morgan Stanley: More tariffs will lead to a US recession (C) U.S. Consumers at the Mall Won’t Be Able to Avoid Trade War Hit (B) Rising Rents for Millennials Give Rise to a New Breed of Lender (W) US politics House Republicans Demand Hearing on MMT to Get Democrats on the Record (B) Bernie Sanders Railed Against the Campaign-Finance System. Now, He’s Benefiting From It. (W) Geopolitics & trade Fresh Tariffs Heighten Standoff (W) U.S. Readies New Tariffs as Trump Says He’ll Meet China’s Xi (B) From tequila to TV cameras — here is a list of US goods China is targeting with a 25% tariff (C) U.S. Says Iran Likely Behind Ship Attacks (W) Industries & companies FAANGs: Amazon, in Need of Drivers, Turns to Its Own Employees (W) FAANGs: Here’s why Apple is so vulnerable to a trade war with China (C) Pharma: In Latest Roundup Defeat for Bayer, Couple Awarded $2 Billion (W) Corporate finance T-Mobile and Sprint Consider Concessions to Save Their Merger (B) Uber Stock’s Plunge Is Blemish on IPO Market (W) Offbeat How a James Comey Tweet Fueled a Conspiracy Theory That Upended a California Town (N) Measles Outbreaks, Up to 839 Cases, Show No Sign of Slowing (W)

wiar 05-13-19

Mary FanslauWhat I Am Reading

May 13 (Monday) Markets Volatility in Stocks Could Unravel Bets on Calm Markets (W) Yen Strengthens Amid U.S.-China Uncertainty (B) Copper Prices Might Be Down, but a Longer-term Shortage Is Looming (BR) Central banks No major US company surveyed by CNBC supports Trump’s call for Fed to cut interest rates (C) US Tight U.S. Job Market Squeezes Smallest Businesses the Most (W) US politics Trump Has a Strong Economy to Proclaim. In Wisconsin, It Just Might Work. (N) Geopolitics & trade I China Invites U.S. Negotiators to Continue Trade Talks, White House Economics Adviser Says (W) Trump Warns China to Act on U.S. Trade Deal or Face Worse Terms (B) U.S. Gives China a Month for Trade Deal as Talks Deadlocked (B) U.S.-China Trade Standoff May Be Initial Skirmish in Broader Economic War (N) Frustration, Miscalculation: Inside the U.S.-China Trade Impasse (W) Geopolitics & trade II Kudlow acknowledges US will pay for China tariffs, contradicting Trump (C) Kudlow says Trump and Xi are likely to meet at G-20 summit despite trade dispute (C) The cost of Trump’s tariffs has fallen ‘entirely’ on US businesses and households: Goldman (C) Trump’s hard-line views on trade were formed long before he targeted China with tariffs (C) Industries & companies Aerospace: When MAXs Fly Again, Will Passengers Get on Board? (W) Consumer: Beware the Bourbon Bubble (BR) FAANGs: Amazon’s Size Is Becoming a Problem—for Amazon (W) Financials: No Branch, No Problem. Citigroup Bets Big on Digital Banking. (W) Shipping: UPS Stock Is Poised to Deliver. Here’s Why. (BR) Shipping: J.B. Hunt Stock Is a Bargain Play in Intermodal Shipping (BR) Tech: Uber and Lyft Face Hurdle of Finding and Keeping Drivers (W) Corporate finance Uber’s IPO caps an era of mediocrity and small thinking in Silicon Valley (C) Offbeat Your 5G Phone Won’t Hurt You. But Russia Wants You to Think Otherwise. (N)