wiar 09-25-19

Mary FanslauWhat I Am Reading

September 25 (Wednesday) Market S&P 500 drops the most in a month on Trump impeachment concerns (C) Bull market could survive Trump impeachment effort but get battered in the process (C) Central banks Banks Flood the Fed With Demand for Two-Week Loans (W) US U.S. consumer confidence plunges in September (R) U.S. Home Price Growth Continues to Lose Momentum (W) More Workers to Qualify for Overtime (W) Lower-Income Americans Increasingly Job Hopping (W) Europe UK court rules Johnson suspended parliament unlawfully, PM defiant (R) China China’s Labor Market Is Changing, but It Isn’t Because of a Trade War (W) Emerging IMF says it held ‘constructive meeting’ with Argentina’s Macri, senior officials (R) US politics House Speaker Nancy Pelosi expected to announce impeachment inquiry (C) Trump authorizes release of transcript of controversial Ukraine call that mentioned Joe Biden (C) House impeachment vote has suddenly become a real threat for Trump (C) Explainer: What it would take for Congress to impeach Trump (C) Sanders Calls for 8% Wealth Tax on Richest Americans (W) Geopolitics & trade Trump Urges Nations to Place Their Citizens First, Rejects ‘Globalists’ (W) Trumps’ China trade rhetoric turns harsh at U.N., says won’t take ‘bad deal’ (R) U.S.-China Trade Tensions Jeopardize Rollout of Self-Driving Vehicles (W) Trump sees path to peace with Iran even as he denounces leadership for ‘bloodlust’ (R) Industries & companies Autos: Volkswagen Executives Charged With Misleading Shareholders (W) Autos: Fiat Chrysler Manager Charged in Diesel Emissions Scandal (W) FAANGs: U.S. securities chief ‘not prepared’ to say if Facebook‘s Libra a security (R) Pharma: Drugmakers Lobby Hard to Preserve Pricing Power (W) Retail: Nike Soars After First-Quarter Results Top Analysts’ Estimates (B) Corporate finance WeWork’s new co-CEOs have experience at tech giants like Amazon and AOL (C) Offbeat Vaping giant Juul is cutting staff in corporate restructuring as scrutiny intensifies (C)

wiar 09-24-19

Mary FanslauWhat I Am Reading

September 24 (Tuesday) Markets U.S. Stocks Pause After Weak Global Data (W) Wall Street edges higher with Apple, though economic data mixed (R) Stocks may be poised for dramatic surge, technical analysts say (C) Muni-Bond Sales Surging as Yields Tumble to Lowest Since 1960s (B) Big Banks Hold Flash Boys at Bay With Grip on Treasuries Trading (B) Central banks Fed’s Bullard: U.S. policy now ‘considerably’ looser, but markets may demand more (R) Fed’s Daly says rate cuts are helping to offset headwinds (R) Dudley Says Fed Will Strongly Consider a Standing Repo Facility (B) Draghi Says ECB Should Examine New Ideas Like MMT (B) Lagarde Sees Trade War as Biggest Hurdle to Growth, CNBC Says (B) US More Americans are house rich, but they’re leaving that cash in the house (C) China China Moves to Increase Oversight of Tech Companies (W) Emerging Brazil Opens Up an Economy Long Shielded From Competition (W) US politics Trump says he’s not taking talk of impeachment over Ukraine seriously (R) Investors Should Be Worried About a Warren Presidency, Analyst Warns (B) Biden-Linked Firm Tests Messages Designed to Undercut ‘Medicare for All’ (B) Geopolitics & trade China buys about 10 cargoes of U.S. soybeans after trade talks (R) Apple will make the new Mac Pro in Austin, avoiding some China tariffs (C) Boris Johnson Says It’s Time to Make a New Nuclear Deal With Iran (B) Industries & companies Autos: Nissan Lawyers See Ghosn Probe Marred by Possible Conflicts (W) Energy: Oil CEOs push carbon-capture efforts ahead of climate talks (R) FAANGs: Snap Detailed Facebook’s Aggressive Tactics in ‘Project Voldemort’ Dossier (W) Media: The War for Talent in the Age of Netflix (W) Utilities: PG&E Moves Forward With $11 Billion Settlement Plan (W) Corporate finance WeWork’s future comes down to Masayoshi Son vs. Adam Neumann (C) What Drove SoftBank’s Vision Fund Up Is Dragging It Down (W) Offbeat ‘The Bells Start Going Off.’ How Doctors Uncovered the Vaping Crisis (W)

wiar 09-23-19

Mary FanslauWhat I Am Reading

September 23 (Monday) Markets August’s Hot Recession Trade Is Cooling (W) Muni-Bond Investors Embrace Higher Risk (W) Muni Bonds Face Climate Change. And Investors Are Ignoring the Risks. (BR) Central banks The Federal Reserve Had to Calm Unstable Money Markets This Week. Now It Needs to Keep Them That Way. (BR) US Time to Worry About Corporate Debt Again (W) Americans Are Saving More. That Isn’t Necessarily Good (W) A recession will hit the US within 12 months, market bear David Rosenberg warns (C) China China needs to change way it finances economy, think tank says (R) US politics U.S. Voters Back Medicare Expansion but Not Eliminating Private Insurance (W) Fracking Ban, Pushed by Democratic Hopefuls, Could Dent Economy (W) Geopolitics & trade Hopes for trade breakthrough fade as China cancels U.S. farm visits (R) China traders cut back Iran iron ore purchases ahead of tariff hike (R) U.S.-Japan trade talks will bring peace of mind to farmers, automakers: Motegi (R) United States wants to avoid war with Iran: Mike Pompeo (R) Hong Kong police fire tear gas after storming shopping mall (R) Industries & companies Financials: Fannie, Freddie Poised to Keep Profits in an Initial Privatization Move (W) Pharma: How Opioid Lawsuits Could Hurt Investors (BR) Corporate finance SoftBank’s Masa Son is in favor of ousting WeWork CEO Adam Neumann (C) More $10 billion software companies are being minted than ever before — here’s why (C) Cybersecurity Saudi oil attacks could be a precursor to cyberwarfare, with collateral damage for companies (C) Offbeat ‘Opening the Door to Hell Itself’: Bahamas Confronts Life After Hurricane Dorian (W)

wiar 09-21-19

Mary FanslauWhat I Am Reading

September 21 (Saturday) Markets China delegation’s sudden departure highlights trade and tariffs as main movers of markets (C) Markets Are Starting to Acknowledge Overstep On Easing Outlook (B) Oil slips on trade fears but soars in week after Saudi production attacked (R) Central banks Powell’s Subtle Messaging to Trump on Trade Fight (W) Fed’s Kaplan says he supports modest, limited rate cuts (R) Fed’s Rosengren Says Cutting Rates Now Boosts Risk of Instability (W) Fed Officials Explain Dissents From Rate Cut (W) Fedspeak in three voices, from recession to bubbles to ‘in a good place’ (R) US Pace of Growth Slowed for U.S. Household Net Worth in Second Quarter (W) Everyone Is Running Up Debt Except America’s States and Cities (B) Goldman, Morgan Stanley Turn to Interns for Generational Insight (B) Europe A big fiscal splash still a step too far for Europe (R) EU’s New Boss, Invoking ‘European Way of Life,’ Sparks Partisan Brawl (W) China Under AI’s Watchful Eye, China Wants to Raise Smarter Students (W) US politics Trump urged Ukraine president eight times during call to investigate Joe Biden’s son, report says (C) California, other states take Trump to court over auto emissions rules (R) Geopolitics & trade Chinese trade negotiators cancel US farm visit, cut trip short (C) Trump says he doesn’t need a trade deal with China before the 2020 election (C) U.S. Sets Sanctions on Iran’s Central Bank After Attacks (W) Industries & companies Autos: Opinion: GM can’t afford to give those striking workers what they want (MW) FAANGs: Facebook has suspended tens of thousands of apps after Cambridge Analytica investigation (C) FAANGs: A ‘Grass-Roots’ Campaign to Take Down Amazon Is Funded by Amazon’s Biggest Rivals (W) Retail: Walmart will stop selling e-cigarettes in the wake of vaping-related deaths (C) Offbeat The Climate Hunters: The three young women racing to defuse a climate-change bomb (R)

wiar 09-20-19

Mary FanslauWhat I Am Reading

September 20 (Friday) Markets Dow Gives Up Gains, Poised for Modest Weekly Loss (W) Transports Keep Flashing Warning Signals Even as Stocks Flirt With Records (W) Why We Love to Call Everything a Bubble (B) Central banks Fed Chairman Powell Masters the Art of Saying Nothing (W) Fed Will Weigh Resuming Balance Sheet Growth at October Meeting (W) Bank Reserves: What Are They and Why a Shortage Is Roiling a Key Rate (W) Opinion: Dear Mr. Powell and Mr. Draghi: It’s nuts to go negative (MW) Could Ultra-Low Interest Rates Be Contractionary? US Upbeat data suggest U.S. economy still on moderate growth path (R) US politics ‘We were wrong’: Koch network to change strategy against Trump’s trade war after ad campaign falls short (C) Facebook’s Zuckerberg met with President Trump at the White House (C) Geopolitics & trade U.S., Chinese trade deputies face off in Washington amid deep differences (R) Attack on Saudi Arabian oil facilities was ‘sophisticated’ and had a ‘dramatic impact on global markets,’ Pentagon says (C) Industries & companies FAANGs: You might want to skip today’s big iPhone update (C) Pharma: Purdue Led Its Opioid Rivals in Pills More Prone to Abuse (W) Corporate finance Fintech Firm Stripe Climbs Ranks of U.S. Startup Valuations (W) AT&T Examines Split With DirecTV (W) Offbeat Vaping-Related Lung Ailments Rise to 530, Officials Say (W)

wiar 09-19-19

Mary FanslauWhat I Am Reading

September 19 (Thursday) Markets S&P 500 ends slightly higher after Fed gives mixed signals (R) U.S. Stocks Climb Back as Investors Digest Fed Rate Cut (W) Index Funds Are the New Kings of Wall Street (W) US U.S. housing starts, building permits scale 12-year high (R) Mortgage Investors Need Not Fear Supply Surge From New Housing (B) Central banks Fed cuts rates on 7-3 vote, gives mixed signals on next move (R)| Fed Statement Tracker (W) Fed Sees Three Dissents at Meeting for First Time Since 2016 (W) Powell says it’s possible the Fed will have to resume balance sheet growth (C) | Preliminary Transcript (FRB) Powell doesn’t see the Fed ever using negative interest rates, even in times of crisis (C) Trump says Powell and the Fed ‘Fail Again’ — ‘No guts, no sense, no vision!’ (C) Economic projections of Federal Reserve Board members and Federal Reserve Bank presidents (FRB) US politics U.S. trade groups urge Congress to rein in ‘Tariff Man’ Trump (R) California governor signs gig economy labor bill into law (R) Industries & companies Financials: The squeeze is on and banks will be feelin’ it (P) Logistics: FedEx Shares Plummet Following Dismal Results (W) Geopolitics & trade Saudi Arabia Implicates Iran in Oil Attacks (W) Trump says there are many options short of war with Iran after attack on Saudis (R) Huawei Suspended From International Cybersecurity Forum After U.S. Ban (W) The U.S. Should Act Before a Global Downturn Destabilizes Latin America (N) Offbeat U.S. charges 58 in Texas with healthcare fraud, illegal opioid distribution (R)

wiar 09-18-19

Mary FanslauWhat I Am Reading

September 18 (Wednesday) Markets Stocks rise slightly ahead of the Fed’s decision on interest rates (C) Oil drops 5% one day after historic surge as Saudis signal output to return to normal soon (C) Oil’s Swings Reinforce Saudi Arabia’s Key Role in Energy Markets (W) Central banks Fed expected to cut rates and Powell may have hard time appeasing critics inside and outside Fed (C) Why Fed Officials Aren’t Saying More About the Interest Rate Outlook (W) Fed Steps Into Repo Market to Control Soaring Rates (W) Fed’s First-in-a-Decade Intervention Will Be Repeated Wednesday (B) US U.S. manufacturing production rebounds, outlook remains weak (R) US politics Health Insurance That Doesn’t Cover the Bills Floods the Market Under Trump (B) Trump administration plans to block California from setting its own vehicle emissions standards (C) Geopolitics & trade Trump says China trade deal could come before U.S. election, or not (R) U.S. Seeks Greater Scrutiny of Foreign Investment in Tech (W) Saudis Say Oil Output to Recover by End of the Month (W) Saudi Arabia Increasingly Confident Iran Launched Oil Attack (W) Senators Express Caution About Military Strike Against Iran (W) Industries & companies Airlines: How the Boeing 737 Max grounding hurts its most-loyal customer — Southwest Airlines (C) FAANGs: iPhone 11 Review: The Battery Life We’ve Been Dying For (W) FAANGs: Amazon Search Change Boosts Its Own Products (W) Logistics: FedEx falls 7% after missing on earnings, lowering 2020 guidance (C) Media: Comcast’s ‘Peacock’ Becomes Latest Entrant in Streaming Scramble (W) Corporate finance WeWork’s Parent Postpones IPO (W) Technology World Catching Up With China on Surveillance Tech (W) Facebook enlists Ray-Ban to help develop ‘Orion’ smart glasses, a secret project underway for years (C)

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)