wiar 10-07-19

Mary FanslauWhat I Am Reading

October 07 (Monday) Markets Dow and S&P 500 will try to snap a 3-week slide as US-China trade talks kick off in the week ahead (C) Whatever the Future Holds, Stocks Are Not Priced for a Recession (B) 100-Year Muni Bonds Might Just Be the Safest Yield Play (BR) Chinese Stocks Lag Because Companies Neglect Shareholders (BR) Central banks There’s No Recession Coming. The Fed Will Make Sure of That. (BR) Federal Reserve Interest Rate Cuts Alone Can’t Prevent a Recession (BR) Fed’s George Sees No Need to Ease Unless Slowdown Deepens (B) US Dim Earnings Outlook Imperils Stocks (W) Economy is hitting a ‘soft patch,’ but PNC expects market to reclaim record highs this quarter (C) Even High-Income Millennials Fear They’ll Need to Work Forever (B) China China’s Riskiest Form of State Borrowing Enjoys a New Boom (W) US politics There’s now a second whistleblower in the Trump Ukraine case (C) Wall Street’s Optimism Sinks as Warren’s Star Rises (BR) Sanders Suffered Heart Attack This Week (W) Doctors, Once GOP Stalwarts, Now More Likely to Be Democrats (W) Geopolitics & trade China is reportedly reluctant to agree to a broad US trade deal with talks set to restart (C) Trump allies pressed Ukraine over gas firm (C) US small businesses are fighting an uphill battle against counterfeiters in China: ‘It’s like whack-a-mole’ (C) North Korea doubts U.S. will have alternative plans inside two weeks (R) Iraqi police fire on protesters in new unrest, death toll passes 100 (R) Industries & companies Autos: UAW says GM labor talks ‘have taken a turn for the worse’ (C) FAANGs: A new smaller, cheaper iPhone could boost sales in early 2020, top Apple analyst Kuo predicts (C) Financials: Banks Expected to Get Break on Postcrisis Rules (W) Financials: HSBC to Cut Up to 10,000 Jobs to Slash Costs, FT Reports (B) Financials: ‘Free’ Trading Has Arrived. Be Sure to Read the Fine Print. (BR) Pharma: Bayer says October U.S. glyphosate trial delayed until February (R) Pharma: Sacklers Received as Much as $13 Billion in Profits From Purdue Pharma (W) Corporate finance Fear Overtakes Greed in IPO Market (W) WeWork’s IPO Failed. Now It’s Time to Bet Against Pot Stocks. (BR) Offbeat Vaping’s Black Market Complicates Efforts to Combat Crises (W)

wiar 10-05-19

Mary FanslauWhat I Am Reading

October 05 (Saturday) Markets Dow jumps 350 points, cutting losses for the week after steady jobs report (C) ‘Goldilocks’ jobs data propels Wall St to best day since August (R) Opinion: Here’s one more reason why October is looking muddy for U.S. stocks (MW) Central banks Powell says it’s the Fed’s job to keep the economy in a ‘good place’ for ‘as long as possible’ (C) Jobs Report Keeps October Rate Cut Discussion on The Table (W) With economic signals mixed, Fed policymakers still divided (R) US U.S. Hiring Steady as Jobless Rate Falls to Half-Century Low (W) U.S. Unemployment Hit 50-Year Low in September (W) U.S. Payrolls and Wages Miss Estimates in New Sign of Downshift (B) Is the U.S. Slowing or Stalling? That’s the Question After the Jobs Report (B) Capital spending outlook another worry ahead of earnings (R) US politics House Democrats request documents from Vice President Mike Pence in Trump impeachment inquiry (C) Trump, in August Call With Senator, Denied Diplomat’s Claim of Link Between Ukraine Aid, Probe (W) Ukraine to Review Probes Into Firm Tied to Biden’s Son (W) DNC turns to 2020 candidates for fundraising help in fourth quarter as committee struggles to raise cash (C) Elizabeth Warren Nets $24.6 Million in Third-Quarter Fund-Raising (N) Geopolitics & trade Trump sees ‘very good chance’ of China trade deal, says no link to Biden probe request (R) Apparent Iranian government-linked hackers targeted Trump campaign, Reuters reports (C) Street Battles Break Out After Hong Kong Bans Masks at Protests (W) Industries & companies Autos: Nissan Audit Chief Sought to Expand Ghosn Probe—and Was Shut Down (W) FAANGs: PayPal withdraws from Facebook’s libra cryptocurrency (C) Financials: Banks Expected to Get Break on Postcrisis Rules (W) Media: Disney Bans Netflix Ads as Streaming’s Marketing Wars Intensify (W) Media: Amazon Clashes With Disney Over Terms for Offering Apps in Fire TV (W) Corporate finance Everything Is Private Equity Now (B) Google Weighs Acquisition of Rival to Video App TikTok (W)

wiar 10-04-19

Mary FanslauWhat I Am Reading

October 04 (Friday) Markets Stocks Bounce Back on Hopes for Rate Cut (W) The Dow Was Down Because the Market Is Really Worried About the U.S. Economy (BR) Euro Drifts Toward Its Lowest Level Against Dollar In Years (W) Central banks & IMF Fighting Against the Bank of Japan May Not Be Crazy After All (B) IMF’s New Chief Vows to ‘Fix the Roof’ Before Storm Hits (W) US Services Stumble Threatens Sharper Slowdown (W) New plunge in mortgage rates could save borrowers thousands of dollars (C) All Signs Point to Soft U.S. Jobs Report After Run of Weak Data (B) US politics Adam Schiff says Trump asking China to investigate Biden is ‘a fundamental breach’ of his oath of office (C) Trump signs executive order on Medicare, says he won’t let Democrats steal your health care (C) Sanders to Participate in Ohio Debate (C) Geopolitics & trade Trump Removed Ukraine Envoy After Complaints From Giuliani, Others (W) State Department approves possible $39 million Javelin missile sale to Ukraine amid Trump impeachment probe (C) Hong Kong to Invoke Emergency Powers to Tackle Protests (W) Industries & companies Autos: Tesla Sets Record for Car Deliveries, but Challenges Remain (W) Autos: Cars’ Pedestrian-Safety Features Often Fail, Study Finds (W) Consumer: PepsiCo Revenue Climbs, but Profit Drops on Higher Expenses (W) FAANGs: Barr Presses Facebook on Encryption, Setting Up Clash Over Privacy (W) FAANGs: Facebook Must Remove More Content if Ordered, EU Rules (W) Industrials: Industrial Stocks Poised for Their Worst Week Since December (W) Media: Amazon Clashes With Disney Over Terms for Offering Apps in Fire TV (W) Pharma: Trump suggests without evidence that pharmaceutical industry could be pushing impeachment probe (C) Retail: Costco’s Profit Falls Just Short of Investors’ High Expectations (B) Tech: New Uber App Pairs Gig Workers With Employers (W) Utilities: PG&E May Rank Among Most Expensive Bankrupty Cases Ever Filed (B) Offbeat Vaping illness outbreak surpasses 1,000 cases, 18 deaths with no sign of slowing, CDC says (C) ‘Joker’ Review: The Laugh’s on Us (W)

wiar 10-03-19

Mary FanslauWhat I Am Reading

October 03 (Thursday) Markets The Dow dropped more than 800 points in two days — here’s what’s going on (C) Wall Street tumbles as trade war threatens U.S. economy (R) Actually, the Stock Market Has Barely Moved the Last Two Years Under Trump (B) Investors keep their faith in Hong Kong markets despite protests (R) Central banks Slumping Data May Force Powell to Move to Third Cut (B) Fed’s Williams says outlook for U.S. economy ‘mixed’ (R) US Slowing U.S. private hiring adds to gloom over economy (R) For a Change, It’s the World That Is Pulling Down the U.S. Economy (W) A key number on Thursday will reveal whether the economic slowdown is spreading (C) Europe Johnson’s Last-Ditch Brexit Bid Meets Skepticism in EU (W) US politics Trump slams impeachment probe as Democrats seek White House documents (R) Campaign Wire: Elizabeth Warren Unveils Plan to Tax Lobbying (W) Geopolitics & trade U.S.-China Factory Breakup Is Hard to Do (W) US to impose tariffs on EU aircraft and agricultural products (C) Industries & companies Aerospace: Boeing Prioritized Costs Over Safety, Engineer Alleges (W) Autos: GM’s U.S. Sales Up 6.3% in Third Quarter (W) Autos: Tesla delivers a record 97,000 vehicles in third quarter, falling short of forecasts (C) Financials: E-Trade drops commissions on trades, joining Schwab, TD Ameritrade in brokerage fee war (C) Tech: Here’s a first look at Microsoft’s folding phone and dual-screen laptop — plus the new Surfaces (C) Tech: Samsung Galaxy Fold: The $2,000 Phone of the Future Is Here—Please Don’t Break It (W) Technology Your Next Vacation Is Written on Your Face (W) Offbeat ‘Toxic chemical fumes,’ not oils, may be causing vaping illness, Mayo Clinic researchers find (C)

wiar 10-02-19

Mary FanslauWhat I Am Reading

October 02 (Wednesday) Markets Wall Street tumbles as factory activity hits 10-year low (R) U.S. Government Bonds Jump After Weak Manufacturing Data (W) King dollar reigns supreme as U.S. outshines the euro area (R) Central banks Trump targets ‘pathetic’ Federal Reserve after worst manufacturing reading in a decade (C) Fed’s Evans: U.S. Still on Path for ‘Solid’ 2.25% GDP This Year (W) US U.S. Economy’s Slowdown Spurs Concern It’s Nearing Stall Speed (B) U.S. manufacturing dives to 10-year low as trade tensions weigh (R) Europe Boris Johnson to Make His ‘Final’ Brexit Offer: My Deal or No Deal (B) US politics Trump Impeachment Defense Complicated by Tense Giuliani-Barr Relationship (W) Pompeo pushes back on House impeachment inquiry (R) Silicon Valley donors starting to back Elizabeth Warren despite her pledge to break up Big Tech (C) ‘Fear’ of a President Warren Is Hurting For-Profit Education Stocks, Analysts Say (B) Trump, RNC blow away top Dems with $125 million fundraising haul in the third quarter (C) Kamala Harris campaign raises $11.6 million in the third quarter (C) Geopolitics & trade Hong Kong Protester Shot by Police Amid Widespread Violence (W) Hong Kong Protests Bring More Pain as Chinese Shoppers Stay Away (B) U.S. and North Korea to Resume Nuclear Talks, Pyongyang Says (W) Industries & companies FAANGs: Amazon’s Grocery-Store Plan Advances With Los Angeles Leases (W) FAANGs: Facebook Scrambles to Keep Libra on Track as Partners Waver (W) FAANGs: Leaked Facebook audio is a sign of decreased morale, former employees say (C) Media: FCC Rollback of Net Neutrality Rules Partly Upheld by Appeals Court (W) Tech: Uber and Lyft close at record lows as investor skepticism grows around recent IPOs (C) Corporate finance WeWork property defaults may be next after failed IPO, says mega-developer Don Peebles (C) Ford Retrenches With a Joint Venture in India (W) U.S. Steel to Buy Stake in Lower-Cost Competitor (W)

wiar 10-01-19

Mary FanslauWhat I Am Reading

October 01 (Tuesday) Markets U.S. Stocks Rise to Cap Volatile Quarter (W) Apple and Microsoft push Wall Street higher as trade worries abate (R) Don’t expect calm markets in October, historically a month for wild swings (C) U.S. dollar share of global currency reserves at lowest since 2013: IMF data (R) US Third quarter could mark turning point in U.S. profit cycle (R) Europe Johnson Allegations Overshadow Brexit Message to Party Faithful (W) China The Bad News on China’s Economy Gets a Little Better (W) US politics Impeachment probe heats up as Trump rages at inquiry (R) House Democrats subpoena Trump lawyer Rudy Giuliani in impeachment probe (C) Pompeo Took Part in Ukraine Call, Official Says (W) Who pays the most under Bernie Sanders’ ‘inequality tax’ plan (C) New York judge dismisses blue state suit over SALT tax deductions (C) Geopolitics & trade On U.S. delisting threat, China says ‘decoupling’ would harm both sides (R) Hong Kong Protesters Taunt Beijing in Bid to Spoil Communist China’s Birthday (W) Bolton warns, amid stalled talks, that North Korea will never give up its nukes (C) Industries & companies Autos: ‘Strike pay’ kicks in at $250 a week for GM union members as work stoppage hits home (C) FAANGs: Facebook to Exempt Opinion and Satire From Fact-Checking (W) Pharma: Drugmakers Look to Use Purdue Pharma’s Bankruptcy to Settle Opioid Suits (W) Retail: Here’s why the Forever 21 bankruptcy could be really bad news for US mall owners (C) Corporate finance WeWork throws in the towel on its ill-fated IPO (R) Budweiser Brewer’s IPO Draws Cheers From Investors (W) How PetSmart Swallowed Chewy—and Proved the Doubters Wrong (W)

wiar 09-30-19

Mary FanslauWhat I Am Reading

September 30 (Monday) Markets Fewer Stocks Are Participating in the Market’s Rally (W) U.K. Experience Suggests Inverted Yield Curve Isn’t All Gloom and Doom (W) Central banks ‘Why Were They Surprised?’ Repo Market Turmoil Tests New York Fed Chief (W) Europe Sturgeon Urges Parliament to Remove Boris Johnson: Brexit Update (B) China Xi’s historic power grab has cost China a great deal of stability (C) Slowing Economy and Deflation Cause China’s Company Profits to Drop (B) US politics House intel committee has reached an agreement for Trump-Ukraine whistleblower to testify ‘very soon,’ Schiff says (C) Pelosi Tells Trump to Not Make Impeachment Inquiry ‘Any Worse’ (B) Giuliani Lashes Out as Biden Camp Demands He Be Dumped From TV (B) Geopolitics & trade China Vows to Continue Opening Financial Markets (B) Constricting investments into Chinese companies could hit the US as hard as it hits China (C) China’s tech ambition is ‘unstoppable’ — with or without the trade war, analyst says (C) Street fires burn in Hong Kong amid running battles between protesters and police (C) Industries & companies Aerospace: Boeing omitted safeguards on 737 Max that were used on military jet (C) Biotech: Biotech Funds Are a Belt-And-Suspenders Play on a Volatile Industry (BR) FAANGs: Why Facebook and Amazon have joined the race to bring computing to your face (C) FAANGs: Google Draws House Antitrust Scrutiny of Internet Protocol (W) FAANGs: Apple Watch Series 5 Review: A Smartwatch That’s More Like a Watch (W) Corporate finance The Easy Ride Is Over for the IPO Market (BR)

wiar 09-28-19

Mary FanslauWhat I Am Reading

September 28 (Saturday) Markets Stocks Slump as Investors Parse New Trade Threats (W) The third quarter was a dud for stocks, but the fourth quarter could be full of surprises (C) Trump Impeachment Is a Market Nothingburger—for Now (B) Health-Care Turmoil Adds to Debt Investors’ Concerns (W) Banks Stay Gloomy on Oil, Shrugging Off Attacks (W) US Global Slowdown Spreads Across U.S. Economy (W) Cooling U.S. consumer spending underscores risks to economy (R) Job-Seekers Get Multiple Offers in America’s Tight Labor Market (B) U.S. Inflation Decelerated in August (W) Europe Brexit: UK ‘planning concrete proposals’ (BBC) Brexit: EU leaders believe new extension is ‘likely’ (BBC) Brexit: What are the backstop options? (BBC) US politics GOP voters: Impeachment will fail; Democratic voters: You may be right (R) Impeachment Inquiry Tests Focus of Biden and His 2020 Rivals (W) Impeachment Tension Overshadows Legislative Progress in Congress (W) House Panels Seek Documents About Ukraine Aid Delay (W) Whistleblower Complaint Alleges Effort to ‘Lock Down’ Ukraine Call Records (W) Trump-Ukraine whistleblower is a CIA employee who was detailed to the White House (C) House Speaker Nancy Pelosi says Attorney General William Barr has ‘gone rogue’ (C) Geopolitics & trade Trump considers delisting Chinese firms from U.S. markets: sources (R) In swipe at Trump, China tells U.N. tariffs could plunge world into recession (R) White House deliberates block on all US investments in China (C) For China’s Xi, the Hong Kong Crisis Is Personal (W) Industries & companies FAANGs: Apple Plans to Bring Feature-Length Films to Theaters (W) Financials: Wells Fargo Names Scharf CEO (W) Corporate finance Peloton falls 15% from IPO price – four experts on what this means for IPO market (C) Cybersecurity & cryptocurrency DoorDash Says Data Breach Affected 4.9 Million People (W) Bitcoin nosedives 22% this week to its lowest level since June (C)

wiar 09-27-19

Mary FanslauWhat I Am Reading

September 27 (Friday) Markets Wall Street dips as whistleblower report adds to investor caution (R) Flash Boys at Jump Trading Set Their Sights on the Credit Market (B) Central banks Central-Bank Hawks Raise Their Voices Against Low Rates (W) Trump’s Fed Attacks Are Helping to Drive Rate Cuts, Paper Says (W) Fed’s Clarida Flags Under-Appreciated Rise in U.S. Labor Share (B) Fed Studying a Possible Shift in Inflation Strategy, Clarida Says (B) Big Banks Loom Over Fed Repos (W) Despite Draghi’s Turbulent Exit, Germans Are Giving ECB a Break (B) ECB’s Lane Says There’s Room for Further Rate Cuts If Needed (B) US U.S. business investment downturn could pressure slowing economy (R) Millennials Continue to Leave Big Cities (W) China China Slips in Its Rush to Embrace Electric Vehicles (W) US politics Whistleblower complaint describes White House cover-up on Trump-Ukraine scandal (R) Trump claims whistleblower source committed ‘treason,’ suggests harsh punishment, reports say (C) Pelosi on Trump whistleblower complaint: ‘This is a cover-up’ (C) Trump’s Team Sought to Conceal Ukraine Call He Calls ‘Perfect’ (B) Trump Team Bets Impeachment Will Backfire on Democrats (W) Wall Street Democratic donors warn the party: We’ll sit out, or back Trump, if you nominate Elizabeth Warren (C) Geopolitics & trade China’s top diplomat says Beijing willing to buy more U.S. products (R) Pentagon to deploy Patriot missile system to Saudi Arabia after Iran oil attacks (C) Iran’s Rouhani says wider talks with U.S. possible if 2015 deal implemented (R) Syria Conducted Chlorine Attack in May, U.S. Says (W) Industries & companies Aerospace: Plane Tests Must Use Average Pilots, NTSB Says After 737 MAX Crashes (W) FAANGs: Instagram’s Content Factories Are Huge—And That’s a Problem for Facebook (W) Financials: TD Ameritrade and other brokerages’ shares tank after Interactive Brokers unveils service offering commission-free stock trades (C) Media: Dish, Fox Dispute Costs Viewers Access to Channels (W) Tech: Internet sector contributes $2.1 trillion to U.S. economy: industry group (R) Tobacco: Big Tobacco Needs an E-Cigarette Crackdown Too (W) Corporate finance Peloton slides after opening below IPO price in market debut (C) NYU’s ‘Dean of Valuation’ says Peloton is worth only $19 with ‘benefit of every doubt’ (C) Peloton’s future depends on whether investors think it’s a hardware company or a fitness platform (C) Endeavor Pulls IPO After Peloton’s Poor Debut (W) Delta Air Lines to Take 20% Stake in Latam Airlines (W) Offbeat Vaping-Related Lung Injuries Surge to 805 Cases, CDC Says (B)

wiar 09-26-19

Mary FanslauWhat I Am Reading

September 26 (Thursday) Markets During Last Impeachment Proceedings, Investors Stuck With Hot Stocks (W) Trading Impeachment Threat Is Mission Impossible for Wall Street (B) Reforms Have Made Banks Safer but Markets More Brittle (W) Value Stocks Beckon in Aging Bull Market (W) Europe Boris Johnson Comes Out Fighting and Demands a Brexit Election (B) PM Johnson goads opponents to call election as tempers flare over Brexit (R) Emerging Why Argentina Faces an Economic Crisis. Again. (W) US politics Rough Transcript Shows Trump Pressed Ukraine to Look Into Joe Biden and Son (W) Here’s what it would take to impeach President Trump (C) Goodwin: Pelosi’s impeachment flip-flop changes everything (P) Be careful what you wish for: Impeachment inquiry poses risks for 2020 Democrats (R) Judge puts Manhattan prosecutors’ request for Trump tax returns on hold (R) Warren Highlights Electability as New Democratic Front-Runner (B) Employer-Provided Health Coverage Passes $20,000 a Year (W) Geopolitics & trade U.S., Japan Sign Trade Deal on Farm Goods, Digital Trade (W) Iran’s President Spurns Talks as Long as U.S. Keeps Sanctions (W) Iran ready to accept nuclear deal changes if U.S. returns, lifts sanctions: spokesman (R) China Taps Its Private Sector to Boost Military, Raising Alarms (W) Military Drones Now Common to Nearly 100 Nations, Report Finds (W) Industries & companies Aerospace: Boeing Centralizes Control of Engineering, Safety Practices (W) Autos: Customers, Dealers Start to Feel Pinch of GM Strike (W) Financials: KKR Has Quietly Built an Investment-Banking Contender (W) Corporate finance WeWork Is a Mess for JPMorgan. Jamie Dimon Is Cleaning It Up. (W) Arby’s Parent to Acquire Jimmy John’s (W) Offbeat How Greta Thunberg’s rise could backfire on environmentalists (C) A Nobel for Sweden’s Greta Thunberg? A tough decision for prize committee (R) Man who created labradoodle compares breed to ‘Frankenstein’s monster’ (P) Juul CEO Steps Down as Vaping Crisis Grows (W)