wiar 06-20-19

Mary FanslauWhat I Am Reading

June 20 (Thursday)

Here’s what the stock market liked from the Fed (C)
Dividend stocks, hot this year, may get even hotter thanks to the Federal Reserve (MW)

Central banks
Fed holds rates steady, but opens the door for a rate cut in the future (C) | Fed Statement Tracker (W)
Fed’s Bullard Voted Against Rate Decision (W)
Some Fed officials believe the case for a rate cut is strengthening (C) | Summary of Economic Projections
Futures Show Quarter-Point Fed Rate Cut Fully Priced in for July (B)
Powell on Trump: ‘The law is clear that I have a four-year term, and I fully intend to serve it’ (C)

U.S. consumer debt is now breaching levels last reached during the 2008 financial crisis (MW)

US politics
Pelosi: ‘I Feel No Pressure’ to Launch Impeachment Inquiry of Trump (W)
Mnuchin says Trump wants to keep government open as Washington scrambles for budget, debt deal (C)
EPA Overturns Obama-Era Clean Air Rules for Power Plants (W)

Geopolitics & trade
Dell, HP, Intel and Microsoft Join Forces to Oppose Trump Tariff (B)

Industries & companies
Aerospace: Boeing’s Latest 737 MAX Concern: Pilots’ Physical Strength (W)
Airlines: Delta warns of flight delays after technical problem snarls check-ins and boarding (C)
FAANGs: Facebook COO: ‘We Really Missed It’ (W)
Health Care: This would be the worst-case scenario for health companies, according to UBS (MW)
Media: YouTube Weighs Major Changes to Kids’ Content Amid FTC Probe (W)
Tech: Oracle’s Revenue Beats Targets in Latest Quarter (W)

Corporate finance
Opinion: What insider buying at tech companies says about stocks and the economy

The Future of Housing Rises in Phoenix

wiar 06-19-19

Mary FanslauWhat I Am Reading

June 19 (Wednesday)

U.S. Stocks Surge, Bond Yields Slip (W)
The stock market is inches away from a new record and the Fed could push it over the top (C)
U.S. Stocks Flirting With Record Pose No Hurdle to Fed Rate Cuts (B)
Markets Bet on Fed Rate Cut—but Goldman, UBS Don’t Agree (W)
Strategists Say You’re Overthinking Threats to the Bull Market (B)
Government bonds are now the ‘most crowded’ market trade, more popular than technology stocks (C)

Central bankers
Fed Policy Makers Debate Rate Cut (W)
Draghi Blames Prolonged Uncertainty for ECB Risks Materializing (B)
White House Explored Legality of Demoting Fed Chairman Powell (B)
Kudlow says the White House is not considering demoting Fed Chair Powell right now (C)
All the Trump Quotes on Powell as Fed Remains in the Firing Line (B)
Fischer Says Trump Rate-Cut Push Could Destroy Fed Independence (B)

U.S. Housing Starts Fell in May (W)
Bonuses Drop, Signaling Tax-Cut Payouts Were a One-Time Windfall (W)

US politics
Warren and Sanders Jockey for Position With Liberal Voters (W)
Poll Shows Biden, Sanders Ahead of Trump in Florida (W)
Democrats Aim to Chip Away at Trump Tax Breaks to Make Room for Their Own (B)

Geopolitics & trade
Trump says he and China’s Xi spoke, will have ‘extended meeting next week’ at G-20 (C)
Iran Seeks to Rally International Support Against U.S. Pressure (W)

Industries & companies
Aerospace: Boeing Ends Order Drought Triggered by 737 MAX Crisis (W)
Consumer: Kellogg Plans Job Cuts Amid North America Reorganization (W)
FAANGs: Facebook Unveils Cryptocurrency in Bid to Reshape Finance (W)
FAANGs: Facebook created a ‘gateway drug’ to introduce billions to cryptocurrency, experts say (C)
Financials: Investors Bet That Visa, Mastercard Can Stand Up to Libra (W)
Logistics: Logistics Spending Jumped 11.4% on Strong Economic Growth (B)
Pharma: Fourth Carcinogen Discovered in Heart Pills Used by Millions (B)

Corporate finance
Dish Is Near a $6 Billion Deal for T-Mobile, Sprint Assets (B)

wiar 06-18-19

Mary FanslauWhat I Am Reading

June 18 (Tuesday)

A Fed rate cut should boost stocks as long as the economy is experiencing just a ‘soft patch’ (C)

Central banks
Case for Cutting Rates Can Be Found in Close Calls of the 1990s (W)
Fed Faces Unfamiliar Dilemma With Rate Projections (W)
The Big Question for the Fed This Week: Did We Make a Mistake? (N)

Worker confidence in finding a new job has hit a six-year high, but it might be a ‘turning point’ (C)
Opinion: 5 signs that home prices could be rolling over again (MW)

Hong Kong’s Next-Gen Protesters: ‘We Can’t Stay Out of the Way Anymore’ (W)

Geopolitics & trade
Iran to Breach Terms of Nuclear Deal, Putting Pact at Risk (W)
What Lies Behind Rising U.S.-Iran Tensions (W)
Ross Tempers Expectations of a China Trade Deal (W)
China’s President Xi to Make First State Visit to North Korea (W)
Buying American Isn’t an Option, Some U.S. Companies Say (W)
US successfully flies its newest hypersonic missile on B-52 bomber, Lockheed-Martin says (C)
Huawei Expects $30 Billion Revenue Hit From U.S. Clampdown (W)

Industries & companies
Aerospace: Boeing Says It’s Open to Changing the Name of Grounded 737 Max Jet (B)
Aerospace: Airbus Jumps Ahead in Paris While Boeing Flounders (B)
FAANGs: Here’s what major analysts are saying about Facebook’s possible cryptocurrency launch on Tuesday (C)
FAANGs: Crypto bulls hail Facebook’s reported move into digital assets as a key moment in tech history (C)
FAANGs: Google’s Ad Dominance Explained in Three Charts (W)
Media: The New and Improved Picture for Targeted TV Advertising (W)
Pharma: Deadly Superbugs Win as Wall Street Flees Makers of Antibiotics (B)
Retail: Forget the Mall, Shoppers Are Buying Gucci at Airports (W)
Tech: This semiconductor stock is a ‘no-brainer’ buy if the chipmaker crunch persists, expert says (C)

When Dead Companies Don’t Die (N)
No Easy Fix for Legg Mason and Other Money Managers (W)
Amateur Quants Are Suddenly Everywhere in China (B)

wiar 06-17-19

Mary FanslauWhat I Am Reading

June 17 (Monday)

The Dow Gains Again as a Decision Looms for the Federal Reserve (BR)
This chart shows why everyone on Wall Street is so worried about the yield curve (C)

Central banks
The Rate Cut the Economy Doesn’t Need — but the Markets Do (BR)
The Fed May Have Shrunk Its Balance Sheet Too Quickly (BR)

China Will Be on Top of the New World Order (BR)

Geopolitics & trade
As Trump demands major concessions, Beijing wants the world to think that the US will blink first (C)
As China Tariffs Loom, Some U.S. Companies Say Buying American Isn’t an Option (W)

Industries & companies
FAANGs: Does Amazon Really Pay No Taxes? (W)
FAANGs: Here’s how big tech companies like Google and Facebook set salaries for software engineers (C)
Financials: Big Banks Are About to Offer Up Higher Stock Dividends (BR)
Pharma: 3 Big Drug-Distributor Stocks Have Been Battered. Now They Look Like Bargains. (BR)
Retail: Target Stores Suffer Nationwide Outage (W)

Corporate finance
The New Wave of Tech IPOs Brings Memories of 1999 (BR)
Uber’s IPO Was Just a Bump in the Road, Top Executive Says (W)

Self-Driving Cars Have a Problem: Safer Human-Driven Ones (W)

wiar 06-15-19

Mary FanslauWhat I Am Reading

June 15 (Saturday)

Stocks Slip Amid Middle East Tensions (W)
Here are three reasons why a Fed rate cut won’t save Wall Street (C)

Central banks
Emerging Markets Cut Rates Amid Expectations of Looser Fed Policy (W)

Strong U.S. retail sales improve economy’s fortunes (R)
Mortgage rates are dropping — so why aren’t more people buying homes? (MW)
Main Street feels the pinch from China tariffs (C)

Europe’s Populists Are Here to Stay (W)
Country-specific euro zone risks remain ‘very serious’: IMF (R)

China’s Economy Shows Fresh Signs of Weakness (W)
Huawei Postpones Launch of Mate X Foldable Phone (W)

US politics
Trump Says He Would Alert FBI Over Foreign Information on Rivals (W)

Geopolitics & trade
Tanker Attacks Force Shipping Firms to Tighten Security (W)
U.S., Iran Trade Accusations (W)
Japanese oil tanker owner disagrees with US military that a mine caused blast near Iran (C)
Trump Says ‘It Doesn’t Matter’ If Xi Agrees to Meeting at G-20 (B)
India to Impose Tariffs on Some Goods Imported From the U.S. (W)

Industries & companies
Autos: While Wall Street obsesses over Tesla, Ford is staging a quiet breakout (C)
Chemicals: Bayer to Invest Billions in Weedkillers in Wake of Roundup Controversy (W)
FAANGs: Facebook to Boost Ad Spending as It Tries to Regain Trust (W)
FAANGs: Facebook’s New Cryptocurrency, Libra, Gets Big Backers (W)

Corporate finance
Chewy Chases Twitter and LendingClub for Decade’s Best Mega-IPO Pop (B)
Chewy, PetSmart’s online business, soars as much 86% after IPO pricing at $22 per share (C)

Kids born today will probably live to be older than 100 — and they’ll need to pay for it (MW)

wiar 06-14-19

Mary FanslauWhat I Am Reading

June 14 (Friday)

Energy Stocks Push U.S. Benchmarks Higher (W)
JPMorgan Says Treasury 10-Year Yield Has Upside Beyond 2.24% (B)
Here’s why this overlooked yield-curve measure points to a ‘soft landing’ by the Fed (MW)
Why optimistic stock-market investors and pessimistic bond traders might both be wrong about the U.S.-China trade war (MW)

Central banks
The Big Stimulus Levers Left in Kuroda’s BOJ Toolkit (B)

A Morgan Stanley reading on the economy collapses by the most ever (C)
How to buy a home, millennial style (USA)
How Washington Learned to Love Debt and Deficits (W)
The South Is Down, But Don’t Count It Out (B)

US politics
Sarah Huckabee Sanders is leaving the White House at the end of the month, Trump says (C)

Geopolitics & trade
Pompeo Says Iran Is Responsible for the Attacks on Tankers (W)
Attacks Scramble a Crucial but Dangerous Shipping Route (W)
China’s Trade Frontman Points, With Laser, to Bright Side of U.S. Tensions (W)
The U.S. Is Purging Chinese Cancer Researchers From Top Institutions (B)
Chinese Tourists’ U.S. Spending Has Plunged. The Trade War May Be to Blame. (N)

Industries & companies
Autos: Tesla loses key Autopilot engineer to self-driving truck start-up Embark (C)
Industrials: General Electric wants to sell its stake in more than 100 start-ups (C)

Why Japan isn’t afraid of robots (FT)

How compatible are democracy and capitalism? (E)
No More Daytime Drinking for Metals Traders as LME Bans Alcohol (B)

wiar 06-13-19

Mary FanslauWhat I Am Reading

June 13 (Thursday)

Stocks Edge Lower, Extending Losses (W)
Oil Prices Stumble on Fears of Falling Demand (W)
The trade war is taking an enormous bite out of profits for Wall Street’s biggest names (C)

U.S. Consumer Prices Edged Higher in May (W)
U.S. Budget Deficit Grew 39% in First Eight Months of Fiscal Year (W)
Home-Flipping Trend Weakens as High-Interest Lenders Jump 40% (B)
Social Security Is Staring at Its First Real Shortfall in Decades. Big Cuts Could Follow. (N)

Geopolitics & trade
Trump says he’s considering slapping sanctions on gas pipeline from Russia to Germany (C)
Trump says there’s no deadline for imposing China tariffs as he announces military deal with Poland (MW)
As Trade War With U.S. Grinds On, Chinese Tourists Stay Away (N)
Huawei Presses Verizon on Patents (W)

Industries & companies
Autos: Auto Demand Facing a ‘Sustained Downturn’ in World’s Two Biggest Markets (B)
FAANGs: Facebook Emails Suggest Zuckerberg Knew of Problematic Privacy Practices (W)
Retail: Walmart Shares Zip Past Amazon (W)
Retail: Lululemon stock jumps after strong earnings, raises full-year guidance (C)

Corporate finance
Alphabet’s stake in the 2019 IPO boom jumps to $5 billion thanks to CrowdStrike (C)
Truist Financial Is New Name for Combined BB&T, SunTrust (W)
KKR Doubles Down on House Flippers (W)

A Stanford Coach Ensnared by the College-Admissions Scandal: ‘The Biggest Mistake of My Life’ (W)
Lego Struggles to Find a Plant-Based Plastic That Clicks (W)

wiar 06-12-19

Mary FanslauWhat I Am Reading

June 12 (Wednesday)

The stock market is closing in on its all-time high. Here’s what could clinch it (C)
Goldman CEO: Market won’t like it if Trump continues to use tariffs for political agenda (C)
Trump’s Trade War Has Wall Street Forecasts Frozen in Place (N)

Central banks
Trump Blasts Fed Policies, Euro’s Value to the Dollar (W)
Monetary Easing Looks Different This Time Around (W)

U.S. Job Openings Outnumber Unemployed by Widest Gap Ever (W)
U.S. Producer Prices Up Slightly in May, Showing Little Inflation Pressure (W)
Regulators Are Left in Dark as Concern About Risky Loan Market Grows (B)
Risky Borrowing Is Making a Comeback, but Banks Are on the Sideline (N)
Larry Kudlow says the US economy will maintain 3% pace even without a China trade deal (C)
The majority of consumers are wildly wrong about what it takes to get a mortgage (C)

US politics
Trump Returns to Iowa Amid Unease Over Farm Tariffs (W)
Wall Street expects a Trump win in 2020, but a new poll points to a different outcome (C)

Geopolitics & trade
Trump Says He’s Holding Up Trade Deal With China, Ahead of G-20 (B)
Trump Says Mexico Tariffs Worked, Emboldening Trade Fight With China (N)
Chinese Cash That Powered Silicon Valley Is Suddenly Toxic (W)
Foxconn Prepared to Move Apple Production Out of China if Necessary (W)
North Korean Leader’s Slain Half Brother Met With South Korean Intelligence (W)

Industries & companies
FAANGs: The DOJ’s antitrust chief just telegraphed exactly how it could go after Google, Apple and other big tech companies (C)
FAANGs: Facebook Unveils New Paid Research Program to Track Competitors (B)
FAANGs: Amazon Ends Restaurant Delivery as Competition Bites (W)

Corporate finance
States to File Suit in Bid to Block Sprint-T-Mobile Merger (W)
Defense Contractors Join Forces as Pentagon Spending Slows (W)

Drones to Carry People Have Yet to Take Off, but They Will Have a Place to Land (W)

wiar 06-11-19

Mary FanslauWhat I Am Reading

June 11 (Tuesday)

Stocks Climb on U.S.-Mexico Deal (W)
The Fear Gauge Is Sounding an Alarm Even as U.S. Stocks Surge (B)
Why the path for stocks and other markets now depend ‘critically on politics’ (MW)
Bank Stocks Climb on Mexico Tariff Delay (W)
Oil’s Slide Lowers Fuel Prices (W)

Central banks
‘Not My People’—Trump Hectoring of Fed Chairman Complicates Rate Calls (W)

U.S. Job Openings Outnumber Unemployed by Widest Gap Ever (W)
Forget the Low Job Growth, the Number of People Who’ve Stopped Looking for Work Is the Real Problem

Italy, Short of Euros, Flirts With a Different Way to Pay (W)

US politics
Congress takes on Big Tech in hearing on anti-competitive behavior among digital giants (C)
Amid Polarization, Bipartisanship Emerges on China, Big Tech (W)

Geopolitics & trade
Trump’s Mexico Strategy Laid Out in Draft Executive Order (W)
Tariff Dispute Complicates U.S. Ties With Mexico (W)
U.S. Presses Mexico on Asylum Overhaul (W)
Trump Says He’ll Raise China Tariffs If Xi Won’t Meet at G-20 (B)
U.S. Targets Efforts By China and Others To Recruit Scientists (W)

Corporate finance
United Technologies, Raytheon to Merge in Year’s Largest Deal (W)
Salesforce to Buy Analytics Platform Tableau for More Than $15 Billion (W)
Salesforce is paying top dollar for growth — and not just in the cloud (C)
Slack Projects 50% Revenue Growth in Current Year (W)

Millennials Prize Experiences. Now So Do Travel Companies. (W)

wiar 06-10-19

Mary FanslauWhat I Am Reading

June 10 (Monday)

Dow futures jump more than 100 points after US-Mexico reach deal to avoid tariffs (C)
Japanese stocks set to trade higher as Trump stands down on Mexico tariff threat (C)
Value stocks are trading at the steepest discount in history (MW)
Some Investors Had Hunch Yields Were About to Fall (W)
Say Goodbye to 2% Yields on Your Savings (BR)
The 2020 Oil Market Is Quickly Turning Ugly (B)

Central banks
Trade Impasse Has World’s Central Banks Priming Their Engines (B)
Fed Should Ignore Trump and Study Cuts for Right Reasons (W)
A Fed Rate Cut Looks More Likely. The Question Is When and by How Much (B)
Hold the Applause for a Rate Cut (W)
Opinion: It’s game over for the Fed as the central bank’s credibility crumbles (MW)
China Central Banker Says No Specific Yuan Level Important (B)

With Labor Market Tight, Some States Loosen Rules for Licensed Jobs (W)
The US economy is the world’s ‘bright spot,’ and there’s no sign of a recession: Treasury secretary (C)
Factories Throttle Back, Pressuring U.S. Economy (W)

Italy Confident of Complying With Europe Fiscal Rules, Tria Says (B)

US politics
Democratic Contenders Rake In Cash From Tech Antitrust Targets (W)
What Investors Need to Know About Modern Monetary Theory (BR)

Geopolitics & trade I
America is deploying a new economic arsenal to assert its power (E)
G-20 Financial Leaders Criticize Trade Tensions for Impact on Growth (W)
Businesses are relieved Trump backed off a trade war with Mexico, but his tariff threat still looms large (C)
Tariff Dispute Complicates U.S. Ties With Mexico (W)
Trump says additional details about Mexico deal will be announced at the ‘appropriate time’ (C)

Geopolitics & trade II
Trump is ‘perfectly happy’ to hit China with new tariffs if Xi meeting doesn’t go well, Mnuchin says (C)
China Warns Tech Companies About Complying With Trade Restrictions (W)
White House acting budget chief seeks to delay Huawei restrictions: WSJ (C)
Massive Crowds Take to Streets in ‘Last Fight’ for Hong Kong (W)

Industries & companies
FAANGs: Tech Giants Google, Facebook and Amazon Intensify Antitrust Debate (W)
FAANGs: Breaking Down Big Tech’s Antitrust Regulation Risk (BR)
FAANGs: Why Free Is Too High a Price for Facebook and Google (W)
Financials: JPMorgan Is a Solid Bet Under Jamie Dimon (BR)
Retail: J.C. Penney Bonds Are Signaling Trouble. They Might End Up Causing It. (BR)

Corporate finance
Raytheon and United Technologies agree to all-stock merger that would create aerospace behemoth (C)

PG&E Shuts Power to California Resort Area to Prevent Wildfires (W)