wiar 03-23-19

Mary FanslauWhat I Am Reading

March 23 (Saturday) YRI Video Podcast: Freaking Out Over Inverted Yield Curve Daily Markets Overview Markets Dow drops more than 450 points, S&P 500 posts worst day since January amid global growth worries (C) Finally a Stock Rout You Can’t Totally Blame on Jerome Powell (B) Twin Troubles Strike the Bond Market (W) Yield Curve, Federal Reserve and Recession Fears Go Mainstream (B) The yield curve inverted — here are 5 things investors need to know (MW) Central banks Here’s how Trump decided to nominate Stephen Moore to the Fed – and what it means for Jerome Powell (C) Fed Chairman Jerome Powell Shows His Flexible Side (W) The Fed’s policy switch may be too late to save the economy from fading (C) Fed’s Pivot Marks a Major Break (B) US U.S. Existing Home Sales Jumped 11.8% in February (W) U.S. Budget Deficit Grew 39% in First Five Months of Fiscal 2019 (W) US politics Special counsel Mueller has no sealed indictments as Russia probe ends: NBC News (C) MUELLER PROBE ENDS: Special counsel submits Russia report to Attorney General William Barr (C) Attorney General William Barr says he may provide lawmakers with conclusions of Mueller report this weekend (C) Explainer: Why Trump’s legal woes go beyond the Mueller report (R) Geopolitics & trade Trump Says Islamic State Caliphate Completely Eliminated (W) Trump Reverses Additional North Korea Sanctions Announced a Day Ago (W) Industries & companies Aerospace: Airlines Review Plans as Boeing Faces First MAX Cancellation (W) FAANGs: Apple is keeping partners in the dark about how it plans to package and price its video service (C) Telecom: Nokia’s Shares Plunge After Warning of Possible Compliance Issues (W) Corporate finance Pinterest Makes IPO Filing Public (W) Technology The Risks of Marrying ‘Smart’ Tech With ‘Dumb’ Machines (W) Offbeat They’re magic! Eating mushrooms could slash risk of cognitive decline by 50% (MW)

wiar 03-22-19

Mary FanslauWhat I Am Reading

March 22 (Friday) YRI Video: Dow, S&P 500 higher for the first time in three days (C) Daily Markets Overview Markets I Dow rallies more than 200 points, biggest gain in a month as Apple surges (C) Stock market’s fourth-quarter crash and comeback draws comparisons on Wall Street to ’87, ’95 (C) Jeffrey Gundlach says Fed this week was ‘not reassuring’ and S&P 500 still in bear market (C) There’s one reason why stocks are doing just fine despite worries about earnings and the economy (C) Markets II The Bond Market’s Blind Faith in a Do-Nothing Fed (W) Opinion: The Fed’s total capitulation is a bad omen for the stock market (MW) Scared of Stocks? Buy a House Instead (B) Central banks Beneath Fed’s positive spin, an embrace of a tepid future (R) The Fed’s New ‘Normal’ Looks Worrisome (W) A Central Banking Domino Effect Is in Motion (W) US A key recession indicator just did something that hasn’t happened in 12 years (C) Europe EU Considers Nine-Month Delay If Theresa May’s Deal Dies (B) Geopolitics & trade Trump wants China to ‘double or triple’ its offer to buy US goods in trade negotiations, sources say (C) Trump Signals U.S. to Keep Tariffs on China After Deal (W) Trump Supports Israeli Sovereignty Over Golan Heights (W) Industries & companies Airlines: Boeing’s 737 Max could single-handedly hit US GDP if production is halted, JP Morgan says (C) FAANGs: Facebook employees had access to millions of user passwords (C) FAANGs: Netflix’s Growth Helps Streaming Eclipse Cable Subscriptions (B) Industrials: GM Is Plotting an Electric Investment in Feud With Trump (B) Media: Comcast has a new streaming box for cord cutters that you can get for $5 per month (C) Pharma: Biogen Shares Skid After Company Ends Alzheimer’s Trials (W) Retail: Nike is about to report earnings. Here’s everything you need to know (C) Retail: Walmart Builds a Secret Weapon to Battle Amazon for Retail’s Future (W) Technology What AI Is Still Far From Figuring Out (W)

wiar 03-21-19

Mary FanslauWhat I Am Reading

March 21 (Thursday) Markets 10-year Treasury yield dives to the lowest in a year after Fed says no more rates hikes (C) US crude rises 1.4%, settling at $59.83, after topping $60 for first time since November (C) Central banks Fed holds line on rates, says no more hikes ahead this year (C) | Fed Statement Tracker Fed gives market what it wanted — it’s ending its balance-sheet reduction in September (C) | Balance Sheet Normalization Principles and Plans Fed Chair Powell says Chinese and European economies have slowed ‘substantially’ (C) The Fed’s New Dot Plot (B) | SEP US Loans Get Cheaper for Some (W) U.S. Debt: Is It the Calm Before the Storm? Europe U.K. Requests Three-Month Brexit Extension (W) US politics Biden Tells Supporters He Plans 2020 Bid (W) Democratic Candidates, Pressured by Party Base, Split on How Liberal to Be (W) Gas-Tax Hike: A Rare Big Idea With Bipartisan Backing (W) Geopolitics & trade Trump says China tariffs could stay in place for a ‘substantial period of time’ as trade deal develops (C) Trump says trade deal ‘coming along nicely’ with China (R) Industries & companies Airlines: Inside U.S. Airlines’ Decisions to Keep Flying the 737 MAX (W) FAANGs: Jamie Dimon: Tech giants should get prepared for ‘full monty’ of regulatory onslaught (C) FAANGs: Google Fined $1.7 Billion in EU Over Limiting Rivals’ Ads (W) FAANGs: Apple Launches New AirPods in Wearables Push (W) FAANGs: It’s starting to look like Apple’s long-awaited wireless charging pad will launch this week (C) FAANGs: Google Unveils High-End Gaming Service Without a Console (C) Financials: How One of the Worst-Ever Quarters Is Hurting Investment Banking (B) Pharma: Bayer Shares Fall After Legal Setback on Roundup Weedkiller (W) Corporate finance Levi Strauss Set to Debut Amid IPO Boom (W) Disney Closes $71.3 Billion Deal for 21st Century Fox Assets (W) Disney Moves From Behemoth to Colossus With Closing of Fox Deal (N) Offbeat ‘It Takes Over Your Life’: Waze Volunteers Work for the Love of Maps (W)

wiar 03-20-19

Mary FanslauWhat I Am Reading

March 20 (Wednesday) Markets Dow snaps 4-day winning streak as Apple falls and trade worries flare up again (C) Wall Street inches higher as Fed meeting convenes (R) Passive investing automatically tracking indexes now controls nearly half the US stock market (C) Buy Gold, Sell Stocks Is the ‘Trade of Century’ Says One Hedge Fund (B) Think Stocks Are Hot? This Car Metal Keeps Hitting New Records (W) Central banks Fed Faces Crucial Decision on Mix of Treasurys in Its Portfolio (W) What ‘Fed drift’ says about how the stock market behaves around policy meetings (MW) Q&A: Federal Reserve likely to disappoint policy doves – Weeden strategist (R) US U.S. factory orders barely rise; shipments fall further (R) US politics Trump Budget Relies Partly on Potentially Phantom Revenues (W) White House Seeks Ways to Get More People to Work (W) Bernie Sanders hires Beto O’Rourke critic as top aide in 2020 race (R) White House to Nominate Steve Dickson as Permanent FAA Head (W) Campaign-Finance Violations Implicating Trump Discovered After Mueller Handed Off Probe (W) Geopolitics & trade U.S., China Plan New Trade Talks in Hopes for Deal by End of April (W) Trump says trade talks with China going ‘very well’ (R) Trade talks are in final stages, but there is still fear China may walk back concessions: Reports (C) Trump Blockade of Huawei Fizzles in European 5G Rollout (B) Trump forges bond with Brazil’s Bolsonaro in White House visit (R) Industries & companies FAANGs: Instagram Takes on Amazon With New Shopping Feature (W) FAANGs: Facebook Axes Age, Gender and Other Targeting for Some Sensitive Ads (W) FAANGs: Google Stadia Service Aims to Stream Games From Cloud (W) Media: Former AOL Boss Getting More Than $60 Million as He Exits Verizon (W) Media: Publishers Sue Peloton for Use of Songs From Drake, Lady Gaga (W) Tech: Amazon, Microsoft Tighten Grip on Enterprise Tech (W) Corporate finance Here’s why Levi Strauss, the world’s biggest denim brand, is going public (C) Bank Back-Office Workhorses Merge to Keep Up in Technology Race (W) Cryptocurrency Bitcoin Is in the Dumps, Spreading Gloom Over Crypto World (W) Offbeat More Detail and Plain English: Auditors’ Reports Get a Makeover (W) California Has the Jobs but Not Enough Homes (W)

wiar 03-19-19

Mary FanslauWhat I Am Reading

March 19 (Tuesday) Markets U.S. Stocks Close Higher Ahead of Fed Meeting (W) Stock bulls hoping for a repeat of 2016 rebound will be disappointed: Morgan Stanley (MW) Startups Aim to Overhaul Trading in Treasury Bonds (W) Central banks Fed Officials Wrestle With a ‘Dot Plot’ Dilemma (W) How to understand the Fed’s dovish turn: Nouriel Roubini (MW) Merkel hopes euro zone inflation hits target so ECB can hike rates (R) US Jamie Dimon says we’ve split the US economy, leaving the poor behind (C) Europe Speaker Wrecks Theresa May’s Brexit Plan by Banning Another Vote on Deal (B) US politics Investors Eagerly Await Trump Rules on Opportunity Zones (N) Bernie Sanders Pledges To Do A Better Job Of Explaining Socialism (NPR) O’Rourke Raised $6.1 Million in First 24 Hours of Campaign (W) Geopolitics & trade U.S. Chip Industry Is Cool on Chinese Purchase Offer (W) Chip-Stocks Rally Could Be in Jeopardy if Trade Deal Disappoints (W) U.S. Campaign to Ban Huawei Overseas Stumbles as Allies Resist (N) Industries & companies Aerospace: Crash parallels heap pressure on Boeing (R) Autos: Maserati, Fiat Chrysler’s Crown Jewel, Has Lost Its Shine (W) Consumer: Kraft Heinz shares hit 52-week low after S&P puts company on CreditWatch negative (C) FAANGs: Apple unveils new iPad Air and iPad mini ahead of video streaming announcement (C) FAANGs: Apple’s groundbreaking heart study signals a new era of medicine, and doctors are debating the results (C) FAANGs: Facebook stock has worst day of 2019 after executive exodus, AG investigations and analyst downgrade (C) Hospitality: Marriott Plans to Open Over 1,700 Hotels (W) Corporate finance Two Big IPOs Wake 2019’s Market From a Sleepy Start (B) Global Payments Giant to Be Created With $35 Billion FIS-Worldpay Deal (W) Lyft Seeks Valuation of Up to $23 Billion in IPO (W) Cryptocurrency Cboe to stop listing bitcoin futures as interest in crypto trading cools (C) Bitcoin Breaches $4,000 for First Time in More Than Two Months (B) Offbeat Warren Buffett says US health care must be revamped (C) Mayor de Blasio’s plan to mandate paid vacation will cripple NYC’s small businesses

wiar 03-18-19

Mary FanslauWhat I Am Reading

March 18 (Monday) YRI Video Podcast: Stock Market Singing: “The Sun Will Come Out Tomorrow” Daily Markets Overview Markets Market Rebound Reaches Crossroads After Latest Rally (W) S&P 500 Gains 2.9% for the Week Because Up Is the New Down (BR) Investing as Globalization Declines (BR) Looking for Hope in the Rubble of Value Investing (W) Credit & commodities Russia will be fully compliant with OPEC-led supply cuts by April, energy minister says (C) Jim Grant: The Difficult Art of Conjuring Up Yield From Mortgage-Backed Securities (BR) Central banks As China Faces Slowdown, Stimulus Will Have Smaller Global Reach (W) The Federal Reserve Faces a Reckoning (BR) Fed Could Show Greater Confidence in Extended Rate Pause (W) US Headwinds might turn into tailwinds soon for U.S. economy after shaky start to new year (MW) Methamphetamine Is Flooding Into U.S., Drug Officials Say (W) China China’s Slowdown Is Worse Than You Thought (BR) US politics Trump Vetoes Congressional Disapproval of Emergency Declaration (W) Pentagon Fails to Provide List of Projects Affected by Emergency (W) Trump lashes out at GM and Ohio union official, calling for ‘fast’ action to reopen plant (C) Biden Makes Verbal Slip as He Almost Calls Himself a Candidate (B) Biden Edges Closer to a Presidential Run (W) As Beto O’Rourke Soaks Up Attention, His Rivals Appeal for Funds (W) Geopolitics & terrorism Trade Fight With China Enters Overtime, With Tariffs a Costly Sticking Point (N) New Zealand Attack Brings Gun Debate to the Fore (W) Industries & companies Aerospace: Ethiopian Airlines crash shows a ‘clear similarity’ with Lion Air accident, official says (C) Aerospace: After two fatal Boeing plane crashes, the world turned on the US (C) Aerospace: The Long View for Boeing Shareholders: Don’t Panic (BR) FAANG: Apple’s Big Spending Plan to Challenge Netflix Takes Shape (N) Media: Future of Sports Is Interactive, Immersive and Intense (W) Corporate finance Lyft will reportedly launch road show for up to $2 billion IPO (C) Deutsche Bank, Commerzbank Enter Formal Merger Talks (W) Offbeat Colleges Rethink Athletic Special Admissions in Wake of Indictments (W) Want to Earn a Degree in Outrage? Study U.S. Colleges (BR)

wiar 03-16-19

Mary FanslauWhat I Am Reading

March 16 (Saturday) Markets Dow rises more than 100 points, S&P 500 posts best weekly gain since November (C) Weak Economic Data Spurs U.S. Government Bond Rally (W) $10 Billion Corporate Debt Sale Highlights Credit Market’s Recovery (W) Central banks Fed to raise interest rates once more in third quarter, then done: Reuters poll (R) Fed Puts Inflation Expectations at Heart of Major Policy Review (B) ECB Official Calls for Fresh Look at Strategy, Tools (W) Bank of Japan Takes Gloomier View of Economy (W) The Era of Cheap Money Shows No One Knows How Monetary Policy Works (B) US U.S. manufacturing sector slowing as economy loses steam (R) U.S. corporate leaders are getting worried about a recession (MW) U.S. Job Openings Ticked Up to 7.58 Million in January (W) U.S. Consumer Sentiment Improved in March (W) Baby boomers are more prepared for death than they are for their own lives (MW) Nashville’s Job Market Hits High Note (W) US politics Trump rejects bill that would block his border emergency in his first veto (C) Beto O’Rourke’s secret membership in America’s oldest hacking group (C) Beto O’Rourke’s Past GOP Ties Could Complicate Primary Run (W) Geopolitics & trade China Investment in U.S. Startups Keeps Flowing Despite New Rules (W) Trump’s trade war cost U.S. economy $7.8 billion in 2018: study (R) North Korea may suspend talks with ‘gangster-like’ U.S., rethink nuclear test freeze (R) Terrorism At least 49 people killed in shootings at New Zealand mosques (C) Facebook, YouTube and Twitter are struggling to remove New Zealand mosque shooting videos (C) A year after Zuckerberg’s testimony on violent content, has anything changed? (MW) It’s Hard to Spot the Terrorists Among the Trolls (W) Industries & companies Aerospace: Piece Found at Boeing 737 Crash Site Shows Jet Was Set to Dive (B) Airlines: Air Canada Suspends 2019 Guidance After Boeing 737 MAX Grounding (W) Autos: Tesla’s introduction to the Model Y underwhelms and stock promptly falls (MW) FAANGs: Amazon is introducing private investors to high-risk start-ups in a new pilot program (C) FAANGs: Amazon Tests Pop-Up Feature Touting Its Cheaper Products (W) Health Care: Amazon takes another step into the medical space by accepting pre-tax health spending accounts (C) Media: New York’s super mall at Hudson Yards is open at last — and it’s not getting rave reviews (MW) Pharma: Fast-acting treatment for postpartum depression, if approved, could help hundreds of thousands of new mothers (MW) Retail: How Sears Lost the American Shopper (W) Corporate finance Uber’s eye-popping $120 billion valuation would make it worth more than Nvidia, 3M and PayPal (C) Corona brewer Constellation is nearing a deal to sell some wine brands to E. & J. Gallo (C) SEC Charges Volkswagen With Defrauding U.S. Bond Investors (W) Offbeat Warren Buffett Is No Fan of Modern Monetary Theory (B) Key Ingredient in College-Admissions Scam: A Harvard-Grad Test Whiz (W) Eggs Might Not Be That Great for You After All (W)

wiar 03-15-19

Mary FanslauWhat I Am Reading

March 15 (Friday) Markets U.S. Stocks Waver Amid Trade, Growth Tensions (W) Investors Embrace Riskier Sectors as Stocks Extend Rebound (W) Why some investors say tech stocks are becoming less risky (MW) Global Why the Worst May Already Be Over for the Global Economy (B) US U.S. data underscores slowing growth, muted inflation (R) U.S. New-Home Sales Fell in January (W) Economists Cut Forecasts for Jobs, Economic Growth (W) China China’s Slowdown Already Hit Its Factories. Now Its Offices Are Hurting, Too. (N) US politics Trump tweets ‘VETO!’ after Senate votes to block his border emergency declaration (C) 2020 presidential candidate Beto O’Rourke is a media darling, but many Americans still don’t have an opinion of him (C) O’Rourke Enters 2020 Race, Bringing Fund-Raising Clout (W) Geopolitics & trade China suggests linking an official state visit by Xi to a US trade deal, sources say (C) China Aims to Placate U.S. With Trade-Secret Theft Ban (W) Mnuchin’s Hollywood Ties Raise Ethical Questions in China Talks (N) Industries & companies Aerospace: Boeing Analysts Say Best Case Is 6-Week Grounding, Software Fix (B) Aerospace: Ethiopian Airlines Crash Highlights FAA’s Diminished Global Clout (W) Autos: Elon Musk Set to Unveil a New Tesla for the Masses (W) FAANGs: Facebook blames ‘server configuration change’ for its longest outage ever (C) FAANGs: Apple says it’s trying to keep people from overusing its products — it doesn’t seem to be working, according to this chart (MW) Financials: Goldman Sachs Says It Plans to Cut 65 Investment-Banking Jobs (B) Industrials: GE Warns of Another Year of Falling Profits (W) Retail: Walmart’s Food-Delivery Challenges: Patchwork of Drivers, Tolls, Crowded Aisles (W) Tech: Oracle’s Cloud Growth Tempers Expectations (W) Offbeat Robert Kraft case reveals how police can secretly install cameras inside a private business (C) Class-action lawsuit filed against 8 colleges in admissions bribery scandal (C) Bribing your way to college? Do the math, it may not pay (R)

wiar 03-14-19

Mary FanslauWhat I Am Reading

March 14 (Thursday) Markets S&P 500 Hits Four-Month High on Economic Data (W) Tripling Down on Oil Is Paying Off, but Not Everyone’s a Fan (W) British pound surges the most in nearly two years after UK lawmakers vote to reject a no-deal Brexit (C) US U.S. core capital goods orders rebound; inflation muted (R) U.S. Producer Prices Remained Tame in February (W) U.S. construction spending posts biggest increase in nine months (R) Europe Brexit set for delay after May wounded by rejection of ‘no-deal’ (R) Reining in Big Tech: A Middle Way (W) Spotify Accuses Apple of Stifling Competition in EU Complaint (W) US politics Even SALT-Pinched Minnesotans Flocking to ‘Last Great Tax Haven’ (B) Manafort Sentenced to 43 Additional Months in Prison (W) Geopolitics & trade U.S. says Iran has lost $10 billion in oil revenue due to sanctions (R) Industries & companies Aerospace: US grounds Boeing 737 Max planes, citing links between 2 fatal crashes (C) Autos: Fiat Chrysler to Recall Nearly 863,000 Vehicles After Emission Tests (W) Health Care: Everything we know about Haven, the Amazon joint venture to revamp health care (C) FAANGs: Facebook faces criminal probe into data deals: NYT (C) Financials: JPMorgan Chase to Open 90 Branches This Year (W) Industrials: How GE Built Up and Wrote Down $22 Billion in Assets (W) Restaurants: Starbucks Races Coffee Rival in China (W) Technology: Facebook has been down for hours, Instagram and WhatsApp also affected (C) Wireless: How Much for 5G? Verizon Says $10 Extra Per Month (W) Corporate finance SoftBank, Others in Talks to Invest $1 Billion in Uber’s Self-Driving Unit (W) Technology China Gains on U.S. in Highly Cited AI Research (W) ‘We Know Them. We Trust Them.’ Uber and Airbnb Alumni Fuel Tech’s Next Wave. (N) Offbeat At USC, Admissions Cheating Scandal Runs Deeper (W) Scientists Call for Moratorium to Block Gene-Edited Babies (W)

wiar 03-13-19

Mary FanslauWhat I Am Reading

March 13 (Wednesday) Markets I S&P 500 Rises as Investors Weigh Inflation Data (W) Chips are on a tear, and one Dow stock could be on its way back to recent highs (C) Boeing’s Crisis Hit Airline Stocks. The Market Is Overreacting. (MW) Markets II China’s Night Traders Are Moving U.S. Stocks (W) Small Stocks’ Slide Prompts Concern (W) U.S. Cuts Oil Production Forecast for the First Time in 6 Months (B) Quant Funds Hit By Misfiring Strategies (B) Global Global debt is up 50% over the past decade, but S&P still says next crisis won’t be as bad (C) Central banks ECB Calls General Idea Behind MMT a ‘Dangerous Proposition’ (B) As Fed Ponders a New Lever, Here’s Wall Street’s View (B) US U.S. Workers Gain From Rising Wages, Low Inflation (W) Is There a Future for Good Manufacturing Jobs in the U.S.? (N) Europe Theresa May’s Brexit deal is rejected again: Here’s what happens next (C) US politics Trump pledged to protect Medicare and Medicaid, but his 2020 budget calls for major spending cuts (C) Ocasio-Cortez’s Green New Deal is not going over well at one of the year’s biggest energy gatherings (C) White House Might Put Colleges on the Hook for Student Loans (W) Geopolitics & trade U.S.-China Trade Deal Is Getting Closer, Lighthizer Says (W) U.S. energy exports a lever in trade talks with China: Perry (R) America’s Undersea Battle With China for Control of the Global Internet Grid (W) U.S. working on steel, aluminum tariff relief for Mexico, Canada: trade chief (R) In Private Talks, OPEC Warns Wall Street on NOPEC (B) Momentum Slips for Auto Tariffs (W) Industries & companies Aerospace: Boeing 737 Max’s world is getting smaller: These countries have grounded the jet (MW) Aerospace: Boeing to Update 737 MAX Software as Groundings Spread (W) Aerospace: Boeing 737 MAX: The Latest Example of a Passive DOT (W) Autos: Honda to recall 1.2 million vehicles in North America to replace Takata airbags (R) Defense: Army’s Five-Year Plan Outlines a $25 Billion Shift in Weaponry (B) FAANGs: iPhone Trends Going ‘From Bad to Worse,’ Longbow Research Says (B) Health Care: UnitedHealth to Require Drug Rebates Go to Consumers (W) Corporate finance Disney Sets March 20 Closing Date for Fox Assets Deal (W) Cybersecurity & technology Navy, Contractors ‘Under Cyber Siege’ by Chinese Hackers (W) A 3-D-Printed Family Home? Texas Startup Says Yes (W) Offbeat Fearing the collapse of civilization, ‘BirthStrikers’ vow to not have kids (MW) Fire Warren Buffett? Investors obsessed with quarterly performance probably would (C) Celebrity Parents and Coaches Charged in Vast College-Entrance Bribery Scheme  (B) The Web turns 30 today — this is the feedback its inventor got when he pitched the idea to his boss in 1989 (C)