wiar 12-18-18

Mary FanslauWhat I Am Reading

December 18 (Tuesday)

Stocks Fall Sharply as Investors Fret Over Growth Outlook (W)
The stock market is on pace for its worst December since the Great Depression (C)
Jeffrey Gundlach says the S&P 500 is headed to new lows: ‘I’m pretty sure this is a bear market’ (C)
Small-cap stocks enter bear market, with Russell 2000 benchmark down 20% from highs (C)
Oversupply Fears Drag U.S. Crude Under $50 (W)

Central banks
Fed Faces Communication Challenge on Rates (W)

US politics
Trump: ‘Incredible’ That Fed Is Considering Another Rate Increase (W)
Trump Opposes Short-Term Funding to Avoid Shutdown (B)
These Democrats Will Soon Have the Power to Investigate the White House (N)
Social Media’s Forever War (N)

Geopolitics & trade
Why the US thinks Huawei has been a massive national security threat for years (C)
From Silk to Smartphones: China’s Emergence as a Trade Leviathan (W)

Industries & companies
FAANGs: Amazon Cutting the CRaP (W)
Financials: Malaysia Files Criminal Charges Against Goldman Sachs Over 1MDB Scandal (N)
Mobile: T-Mobile Takeover of Sprint Clears U.S. Security Panel (W)
Tech: Oracle quarterly results beat on strength in cloud business (R)

Corporate finance
Boeing raises its dividend 20%, boosts buyback plan to $20 billion, reaffirming its bullish outlook (C)
J&J announces $5 billion share buyback program after report wipes out $50 billion in market value (C)

Twitter tumbles on concerns about hacking activity (R)

wiar 12-17-18

Mary FanslauWhat I Am Reading

December 17 (Monday)

Dr Ed’s Latest Video Podcast
Daily Markets Overview

2019 Outlook: U.S. Stocks Could Rally More Than 10% (BR)
The global stock market sell-off was ‘not an isolated event’ — expect more sharp falls next year (C)
Why the Fed won’t save the stock market, despite the worst December start since 1980 (MW)
The Rocky Stock Market Still Pays Dividends to Investors (W)
Worried About ETFs Exacerbating a Market Downturn? Don’t. Here’s Why. (BR)

Central banks & BIS
The Fed’s Critical Role for 2019 (BR)
Will landing be soft or ‘chaotic’ as Fed begins to stop rate hike cycle (R)
Recent market ‘jolt’ will be first of many as easy money era ends, says BIS (R)
Fed’s trip to zero redefined central banking (R)
At Year’s End, Emerging Markets Beholden to Fed (B)
BOJ Watchers See Economic Risks Pushing Back Rate-Hike Prospects (B)

BOJ tankan: Japan firms expect CPI to rise 0.9 percent a year from now (R)

US politics
Leaders at Impasse on Border Wall as Shutdown Nears (W)
Russia used every major social network to aid Trump, report finds (MW)

Geopolitics & trade
Shipping costs from China to the US have more than doubled as trade war sparks a ‘bonanza’ (C)

Industries & companies
Airlines: How air carriers are experimenting with biometric scanning to speed up lines (C)
Autos: Toyota struggles to save breakthrough Prius hybrid (C)
FAANGs: Amazon Targets Unprofitable Items, With a Sharper Focus on the Bottom Line (W)
Financials: Higher Interest Rates Pinch Small Banks (W)
Financials: A Financial Canary in a Coal Mine (B)
Health Care: How Many More Tears at Johnson & Johnson? (W)
Media: How ‘Aquaman’ could be a chance to turn the tide for DC’s troubled superhero movie franchises (C)
Media: Bruce Springsteen, Taylor Swift Tours Head for Netflix Encore (W)

Corporate finance
Rising Interest Rates Complicate the Corporate Borrowing Spree (BR)

Possible Drone Collision Renews Focus on Safety Systems (W)

wiar 12-15-18

Mary FanslauWhat I Am Reading

December 15 (Saturday)

Dow’s Sharp Decline Puts Three Major Indexes in Correction (W)
Stocks broke key level and could aim for the year’s low (C)
Stocks could struggle after record outflows, history shows (C)
Recession Signs Hard to Miss If Stock Message Is Taken Seriously (B)
The Stock Market Is the Most Divorced It’s Been From the Economy Since 2010 (B)
Leveraged Loans Are Looking ‘Scary’ to These Money Managers (B)

Slower Overseas Growth Fans Worries on U.S. Expansion (W)
Holiday Season Retail Sales Heat Up (W)
‘Historic’ Tax Refunds Will Extend Retail Boom Into 2019 (B)
Pay Rises in Tight Labor Market (W)
Trouble in Housing? It’s More 1994 Than 2007 (B)
Cold Weather Drove Industrial Production Growth in November (W)

US politics
Cohen Describes Trump’s Involvement in Hush-Money Payments (W)
Trump names Mick Mulvaney acting White House chief of staff, replacing John Kelly (C)
Nancy Pelosi put down a Democratic rebellion and battled Trump this week. Now comes the hard part (C)

Geopolitics & trade
Old U.S. Trade War With Japan Looms Over Fight With China (W)
China to Suspend Punitive Tariffs on U.S. Cars, Auto Parts (W)
Chinese Hackers Breach U.S. Navy Contractors (W)

Industries & companies
Autos: GM Says 2,700 Workers Slated for Layoffs Can Transfer (W)
Consumer: J&J loses $39.8 billion in market value after report claims J&J knew about asbestos in baby powder (C)
FAANGs: Amazon has explored getting into consumer health diagnostics — testing for disease at home (C)
FAANGs: Apple Heads to 7-Month Low as More Analysts Cut iPhone Estimates (B)
FAANGs: The parts in an iPhone came from all over the world — here’s a look at each iPhone’s complex journey (C)
FAANGs: Why Apple Chose Austin, Seattle and Culver City for Its Jobs Push (W)
FAANGs: Facebook Bug Potentially Exposed Millions of Users’ Unshared Photos (W)
Industrials: GE Powered the American Century—Then It Burned Out (W)

Corporate finance
Intel and TPG in talks to sell McAfee to Thoma Bravo for significantly more than $4.2 billion (C)
LVMH Seals $2.6 Billion Deal for Hotel Operator Belmond (W)
Tesla Sells $837 Million of Auto-Lease Bonds (W)
Companies Ramp Up Stock Buybacks as Market Swoon Continues (W)

wiar 12-14-18

Mary FanslauWhat I Am Reading

December 14 (Friday)

Legendary economist Ed Yardeni gave a presentation to Trump’s top economic advisers at the White House – here’s what he told them (BI)
Daily Markets Overview

Opinion: Look to these stock market sectors in 2019 instead of FAANGs and tech (MW)
Four experts weigh in on key market factors for 2019. Here’s what you need to know (C)
The perils of trying to time the market (E)
Growth Fears Pinch Commodities (W)

Central banks
ECB Cuts Growth Forecasts as It Ends Bond-Buying Program (W)
After a hike next week, the Fed would be ‘nuts to keep tightening’: Cramer (C)

US auto sales are expected to drop below 17 million for first time since 2014 (C)
Trump’s Tax Cuts Made a Difference in 2018. Just Not the One Backers Were Hoping For (B)

EU to Step Up Plans for No-Deal Brexit as Bloc Plays Hardball With May (B)

Japan business mood steady but outlook sours: BOJ tankan (R)

China Shows Off the Transformation It Wants You to See (B)

US politics
Trump inauguration spending reportedly under criminal investigation by federal prosecutors (C)
Trump: Campaign finance charges against Cohen were meant ‘to embarrass me’ (C)

Geopolitics & trade
White House to Officially Delay China Tariff Hike to March, Sources Say (B)
Aides Warn Trump Against Intervening in Huawei Case (W)

Industries & companies
Autos: Trump says GM shift to electric vehicles is ‘not going to work’ (R)
Airlines: Delta forecasts higher profits, revenue in 2019. Here’s what’s ahead for investor day (C)
FAANGs: Apple Says China iPhone Ban Would Force Settlement With Qualcomm (B)
FAANGs: Apple to invest $1 billion in new Texas campus (C)
FAANGs: Amazon Invasion in New York and Virginia Will Be a Slow One (W)
FAANGs: Amazon ran a sting to root out counterfeit textbooks, but some small sellers were unfairly targeted (C)
Retail: Sales Rise at Costco, but Fall Short of Expectations (W)
Retail: Starbucks cuts long-term earnings per share forecast; shares fall (C)
Retail: Starbucks to Offer Coffee Delivery Across U.S. (W)

Researchers are turning bumblebees into live drones (C)
Once More With Feeling: Teaching Empathy to Machines (W)

Does Anyone Care About Year-Ahead Outlooks? (II)
Making of a Computer-Generated Influencer (W)
Vitaminwater is offering $100,000 if you can stay off smartphones for a year (C)

wiar 12-13-18

Mary FanslauWhat I Am Reading

December 13 (Thursday)

Dow rises more than 150 points on trade-deal hopes, but closes well off session highs (C)
The Great Cheapening: Global Stock Valuations Now at Five-Year Lows (W)
Small-Cap Stocks on Edge of a Bear Market (W)
Corporate Bonds Are Selling Off at the Fastest Pace Since 2016 (B)
Private Equity Seen as Top Investment for Endowments in 2019 (B)

Central banks
U.S. Consumer Prices Flat in November, Posing Dilemma for Fed (W)
ECB Stimulus’s Mixed Legacy: Economic Success, Political Fiasco (W)

Nearly half of corporate CFOs are expecting a US recession by the end of 2019 (C)
No recession — if Fed doesn’t screw up, says MarketWatch forecaster of the month (MW)

U.K.’s Theresa May Survives Party Confidence Vote by 200 to 117 (B)

China’s Rich Rush to Shelter $1 Trillion From New Taxes (B)

US politics
Prosecutors Bolster Case for Trump’s Involvement in Hush-Money Payments (W)
Kelly’s Exit Only a Part of Looming White House Staff Remake (W)
GM CEO Is Under Fire From Trump, Lawmakers Over Restructuring (W)

Geopolitics & trade I
China looks like it’s going to give Trump a huge symbolic trade war win, fueling hope for a big deal (BI)
China to Consider Delaying High-Tech ‘Made in China 2025’ Plans (B)
China Makes Moves to Address U.S. Economic Concerns (W)
China Prepares to Increase Access for Foreign Companies (W)
FBI Says China’s Espionage Poses ‘Severe’ Threat to U.S. Security (W)

Geopolitics & trade II
Trump says he’ll step in over Huawei executive if needed, cites progress over trade (MW)
Huawei Drama Sparks Concern Canada’s Exports Could Become Target (B)
This could be the best measure of how well trade talks are going between the US and China (C)
China bought 500,000 tons of U.S. soybeans. But that’s just a drop in the U.S. export bucket (C)

Industries & companies
FAANGs: Apple now has dozens of doctors on staff, showing it’s serious about health tech (C)
Financials: Banks Get Kinder, Gentler Treatment Under Trump (W)
Retail: CVS takes on Amazon, Walgreens and health-care industry in pivotal shift (C)

Corporate finance
Germany Intensifies Plans to Fix Deutsche Bank With Merger (B)
China’s Tencent Music climbs 11 percent in US market debut (NYP)

Morgan Stanley is serious about investing in outer space and just had its first conference about it (C)

wiar 12-12-18

Mary FanslauWhat I Am Reading

December 12 (Wednesday)

Market Volatility Leads to Fresh Focus on Machinery Beneath Trading (W)
Here Are Nomura’s 9 ‘Gray Swans’ That Could Hit Markets in 2019 (B)

Central banks
The Death of Fed Funds? As Market Dries Up, FOMC Asks What Next (B)

Yellen and the Fed are afraid of a corporate debt bubble, but investors still aren’t (C)
Producer Prices Edge Up in November (W)
The Loneliest Generation: Americans, More Than Ever, Are Aging Alone (W)

Europe’s Divisions Pose Rising Threat to Governments (W)

US politics
Trump, Pelosi and Schumer get into a heated Oval Office fight over border wall and shutdown (C)

Geopolitics & trade
China reportedly plans to slash auto tariffs — a huge win for Trump — and auto stocks are moving (C)
China, U.S. discuss road map for next stage of trade talks (R)
Trump admin reportedly preparing to condemn China over trade secrets theft, hacking (C)
Huawei’s Top Customer in Japan Reassesses Ties (W)
Former Canadian Diplomat Held in China (W)

Industries & companies
Autos: Nissan-Renault Scandal Shows It’s Hard to Keep Car Alliances on Track (W)
Autos: Tesla is seeking $167 million in damages from the former employee Elon Musk accused of sabotage (C)
FAANGs: Netflix Awakens a New Bear as Disney, AT&T Threaten Its Dominance (B)
Industrials: GE shares fall as low as $6.66, its closing price low during the financial crisis (C)
Media: Verizon Takes $4.5 Billion Charge Related to Digital Media Business (W)
Media: Sure, Verizon blew $4.6 billion on AOL and Yahoo, but at least it isn’t AT&T (C)
Retail: Whole Foods Ranked Worst on Cancer-Linked Chemicals in Packaging (B)

Corporate finance
Vote Paves Way for Dell to Trade Publicly Again (W)
Uber Selects Morgan Stanley to Lead 2019 IPO (B)

Technology & cybersecurity
Amazon Alexa can now help you monitor your blood pressure (C)
Super Micro Finds No Malicious Hardware in Motherboards (W)

A Surprising Push By The Invisible Hand: Why More Companies Are Doing Better By Being Good (F)
U.S. Investigating Fake Comments on ‘Net Neutrality’ (W)
Proposal Could Let USPS Sell Access to Your Mailbox (W)
Tasting the World’s First Test-Tube Steak (W)

wiar 12-11-18

Mary FanslauWhat I Am Reading

December 11 (Tuesday)

Video: The Huawei issue will be ‘compartmentalized’: Ed Yardeni (C)
Daily Markets Overview

Dow erases 500-point drop and closes higher in another wild session on Wall Street (C)
Global Recession Alarms Aren’t Ringing, Despite Market Mayhem (W)
The Economy Faces Big Risks in 2019. Markets Are Only Now Facing Up to Them. (N)
The next worry for U.S. stocks: shrinking profit forecasts (R)

Central banks
Fear of interest rate hikes is fading as next Fed meeting approaches (C)
Fed seen slowing, or even stopping, rate hikes next year (R)
The Pros and Cons of a PBOC Rate Cut as China’s Economy Slows (B)

U.S. job openings data points to growing worker shortage (R)
Unfilled Jobs Grow in Low-Skilled Fields (W)
Businesses Less Optimistic About Coming Year Than 12 Months Ago (W)
Small-business optimism dips over fears of an economic slowdown: Survey (C)

How Asia Fell Out of Love With China’s Belt and Road Initiative (B)

Geopolitics & trade
The Huawei case will finally force the US to prove some claims it’s made about Chinese companies (C)
Arrest of Huawei CFO Hinges on an Offshore Puzzle (W)
Judge in Huawei Hearing Not Satisfied With Meng Bail Conditions (B)
Two British Banks Ensnared in Huawei Dispute (W)

Industries & companies
Energy: Cheaper Oil Ripples Through the Global Economy (W)
FAANGs: Apple files appeal to overturn iPhone sales ban in China (C)
FAANGs: Google to Accelerate Closure of Google+ Social Network (W)
FAANGs: Amazon Cracks Down on Scams, Fires Employees Over Data Leak (W)

Corporate finance
In race to IPO, Uber is bigger but Lyft is friendlier, survey finds (C)

wiar 12-10-18

Mary FanslauWhat I Am Reading

December 10 (Monday)

Dr. Ed’s latest video podcast
Daily Markets Overview

The Market’s Latest Problem: Hesitation to Buy the Dip (W)
A bruised stock market now looks to the Fed for relief (MW)

Central banks
Larry Kudlow Predicts Fed Could Rethink Rate Increases (W)

Subscriptions Are Remaking Corporate America (BR)
A new study shows 89 percent of millennials want to be homeowners—but this keeps them back (C)

Riots Resurface Across France, Piling Pressure on Macron (W)
Emmanuel Macron’s problems are more with presentation than policy (E)
Brexit redux? Lessons for the future from May’s deal (R)

China’s November export, import growth shrinks, showing weak demand (R)

US politics
John Kelly will depart White House by year’s end, ending fractious tenure as chief of staff (C)

Geopolitics & trade
U.S. says March 1 ‘hard deadline’ for trade deal with China (R)
Details Emerge in U.S.’s Trade Truce With China (W)
China Tries to Balance Huawei Arrest with Warmer Trade Ties (N)
China says Canada’s detention of Huawei exec is ‘vile in nature’ (C)

Industries & companies
FAANGs: Can Subscriptions Pull Apple Out of its Tailspin? (BR)
Industrials: Caterpillar Stock Looks Like a Buy Amid the Industrial Rubble (BR)

Corporate finance
Takeda’s acquisition of Shire is Japan’s biggest-ever foreign takeover (E)
Wall Street is expecting a two-year pause in big media and telecom deals after a crazy 2018 (C)

wiar 12-08-18

Mary FanslauWhat I Am Reading

December 08 (Saturday)

Dow tumbles more than 500 points, wipes out gain for the year to cap wild week on Wall Street (C)
Trump is reportedly ‘glued’ to the stock market’s fluctuations and worried he’s causing them (C)
Stocks’ Worst Week Since March Leaves Fund Managers No Room for Error (B)
OPEC Cut Throws Wrench Into Record Oil Short-Selling Streak (B)

Central banks
Analysis: Jobs Report Keeps December Rate Increase on Track (W)
Fed’s Bullard becomes first on central bank to suggest delaying December rate hike (C)
Kudlow Says He Expects Fed Pause for ‘Quite Some Time’ After December Hike (B)
Opinion: Paradox for Powell: The Fed should pause — and it shouldn’t (MW)
Federal Reserve Officials Search for the Elusive ‘Neutral’ Interest Rate (B)

Job growth falls short of expectations in November: 155,000 payrolls created vs 198,000 estimate (C)
U.S. Hiring Slows, With Wage Gains, Jobless Rate Steady (W)

Eurozone Economy Grew More Slowly Than Previously Estimated (W)
Euro-Area Wage Growth Signals ECB’s Inflation Goal in Sight (B)
Trade Drags Euro-Area Economy as Rebound Remains in Question (B)

US politics
Trump Vows Response to Mueller Report (W)
‘Stop Calling John:’ Kelly Is Expected to Leave White House Post (W)
Trump Picks Ex-Bush Attorney General Barr to Succeed Sessions (B)
Federal prosecutors in New York call for ‘substantial term’ in prison for Michael Cohen (C)

Geopolitics & trade
U.S. Alleges Huawei CFO Hid Ties to Telecom With Iran Business (W)
China’s Huawei Raises New Security Concerns Among U.S. Allies (W)
Huawei CFO could face sentence of up to 30 years per charge if extradited to US (C)
Chinese Warn of Western ‘Iron Curtain’ After Huawei Arrest (W)
American Entrepreneurs Who Flocked to China Are Heading Home, Disillusioned (W)
U.S. Readies Charges Against Chinese Hackers (W)
U.S. Companies Feel Pinch as Tariff Costs Mount (W)

Industries & companies
FAANGs: Apple and Alphabet erase their gains for the year (C)
FAANGs: Alphabet cybersecurity group Chronicle is expanding to Spain with a growing team of virus hunters (C)

Corporate finance
Facebook increases stock buyback program by $9 billion (C)

2019 Forecast: Predictions Will Be Wrong, Random or Worse (B)
Are Millennials Different? (FRB)

wiar 12-07-18

Mary FanslauWhat I Am Reading

December 07 (Friday)

Dow rebounds from 780-point plunge, ends day just slightly lower on report Fed may pause hikes (C)
Markets are going haywire. Here’s why these sudden moves are here to stay (C)

Central banks
Fed Weighs Wait-And-See Approach On Future Rate Rises (W)
Powell Says U.S. Labor Market ‘Very Strong’ by Many Measures (B)
Tariffs have hit confidence, to slow U.S. economy: Fed’s Williams (R)
The Fed is fighting 4 inflationary trends it can’t control, Cramer says (C)

Job market is strong and hiring robust, in contrast to market fears (C)
U.S. Private Sector Adds 179,000 Jobs in November (W)
U.S. Household Net Worth Rose by $2.07 Trillion in 3rd Quarter (W)
What Explains the Trade Deficit Hitting a Decade-High? (W)
Growth in U.S. Health-Care Spending Slows (W)

US politics
Congress to Drug Makers: Why Stock Buybacks Over Lowered Drug Prices? (W)

Geopolitics & trade
John Bolton ‘knew in advance’ about arrest of Huawei executive; official says Trump did not (C)
Huawei is one of China’s most important tech companies — here’s what it does and why the US is wary (C)
U.S. Pursued Huawei CFO’s Arrest Despite Risk to Trade Talks With Xi (B)
Huawei’s Arrested CFO Rose Through Ranks Despite Father’s Rebuke (B)
Founder’s Daughter Has Been Face of Secretive Company (W)
HSBC Monitor Flagged Suspicious Huawei Transactions to Prosecutors (W)
Huawei probe includes bank fraud accusations (R)
Boeing Backs Out of Global IP Satellite Project Financed by China (W)

Industries & companies
Autos: Fiat Chrysler plans to open factory in Detroit to build new three-row, Jeep Grand Cherokee (C)
Retail: Walmart to acquire home decor site Art.com, further extending its e-commerce push (C)

Corporate finance
Cell Service in Japan Goes Down for Hours, Clouding Year’s Biggest IPO (W)
Lyft Sets Stage for 2019 IPO (W)

Alphabet’s self-driving car business could book $114 billion in revenue in 2030, says UBS (C)
Microsoft Pushes Urgency of Regulating Facial-Recognition Technology (W)