wiar 04-25-19

Mary FanslauWhat I Am Reading

April 25 (Thursday)

YRI Video Podcast: S&P 500 Run, Forrest, Run!
Daily Markets Overview

U.S. Stocks Tick Lower a Day After Hitting Records (W)
Why stock-market investors aren’t suffering ‘FOMO’ despite return to all-time highs (MW)
This Earnings Season, a Miss Hurts Even More (W)
How China’s $13 Trillion Bond Market Will Be a Trade-War Winner (B)

Central banks
Rates Traders May Be Thinking of a 1998-Style Fed Rate Reduction (B)
Moore Hopeful for Fed Post, but Would Bow Out If Liability (W)

US politics
Polls show Joe Biden entering the Democratic primary with a significant lead (C)
Hillary Clinton Tells Congress to Treat Mueller Like Watergate (B)
Trump Digs In for Battle Over Congress’s Power to Investigate (B)

Geopolitics & trade
North Korea’s Kim Seeks Russia Support at First-Ever Summit With Putin (W)

Industries & companies
Autos: Tesla misses big on first-quarter earnings as demand fell for its electric cars (C)
Autos: Elon Musk says Tesla will launch an insurance product in about a month (C)
FAANGs: Facebook jumps as Stories users and ads show promising growth (C)
FAANGs: Facebook Sets Aside $3 Billion to Cover Expected FTC Fine (W)
FAANGs: Netflix Fights to Keep Coveted Shows: Old Reruns (W)
Financials: Venmo Has 40 Million Users, Outnumbering Most Big Banks (W)
Media: ‘Avengers: Endgame’ Prompts Theaters to Plan 24-Hour Screenings, Double the Popcorn (W)
Restaurants: Domino’s CEO: We need 25,000 stores by 2025 to accomplish our objectives (C)
Restaurants: Chipotle earnings top estimates as digital sales double, boosts same-store sales outlook (C)
Tech: Microsoft hits $1 trillion market cap after earnings beat estimates (C)

Corporate finance
SoftBank to Invest $1 Billion in Payments Firm Wirecard (W)
Deutsche Bank, Commerzbank Merger Talks Far From Accord (W)
Occidental Launches Rival Anadarko Bid, Topping Chevron (W)

wiar 04-24-19

Mary FanslauWhat I Am Reading

April 24 (Wednesday)

S&P 500 and Nasdaq rally to record closing highs after strong earnings from broad range of companies (C)
All the Stuff Bears Are Saying to Spoil the S&P 500 Record Party (B)
Stocks Just Hit a Record. Thank the Fed. (N)
Strait of Hormuz: Oil ‘choke point’ in focus as U.S. ends Iran oil waivers (MW)

Central banks
The Fed’s key interest rate keeps climbing higher, and that could become a problem (C)
Fed to Ease Restrictions for Bank Investors (W)

U.S. New-Home Sales Rose in March (W)

US politics
Joe Biden tells key supporters he is running for president as he lines up fundraising help (C)
Mitt Romney poses a major headache for Trump on Fed appointments (C)

Geopolitics & trade
China Exploits Fleet of U.S. Satellites to Strengthen Police and Military Power (W)

Industries & companies
Aerospace: Buy any Boeing pullback in first earnings since 737 Max crisis, market watcher says (C)
Consumer: P&G’s Sales Growth Shows Consumers Will Pay More (W)
Financials: Deutsche Bank Considers Forming ‘Bad Bank’ (W)
Insurance: AIG Offshoot Rides Chinese Insurance Boom (W)
Manufacturing: Foxconn and Wisconsin are renegotiating their massive factory deal, governor’s letter reveals (C)
Tech: Snap rally fades after earnings beat (C)
Tech: Twitter Shares Climb on Strong Earnings (W)

Corporate finance
Anadarko Boosted CEO’s Payout Just Before $33 Billion Chevron Merger (W)

wiar 04-23-19

Mary FanslauWhat I Am Reading

April 23 (Tuesday)

Wall Street near flat in quiet session ahead of earnings wave (R)

Central banks
Cain withdraws from Fed consideration, citing lower pay, influence (R)
As Herman Cain Bows Out of Fed Contention, Focus Shifts to Stephen Moore (N)

Sales of the cheapest and swankiest homes are tanking, but for very different reasons (C)
U.S. home sales tumble as supply constraints linger (R)
Social Security Costs to Exceed Income in 2020, Trustees Say (W)

China’s Belt and Road Is Getting a Reboot to Clean Up Its Image (B)

US politics
Sorry, Democrats: You can’t hide your socialist stars (P)

Geopolitics & trade
North Korea confirms leader Kim Jong Un to visit Russia for summit with Putin (R)

Industries & companies
Autos: Top auto executives are privately very worried about the state of auto sales (C)
Autos: Tesla unveils ‘best in the world’ chip for self-driving cars, promises robo-taxi fleet (MW)
Consumer: California soda tax bill shelved, in reprieve for beverage industry (C)
FAANGs: Everyone is bullish on Amazon — what that might mean for investors ahead of earnings (MW)
Utilities: PG&E seeks higher cost of capital on increased wildfire risk (R)

5 things that reveal how cheap rich people are (MW)
The Case Against Early Retirement (W)

wiar 04-22-19

Mary FanslauWhat I Am Reading

April 22 (Monday)

FANG Stocks in Sharp Rebound (W)
Homebuilders Slide After March Sales Miss, D.R. Horton Downgrade (B)
It’s the busiest week of earnings and these are the 3 stocks to watch, say two experts (C)
Oil Hits Six-Month High as U.S. Ends Waivers on Iran Oil Imports (W)

Central banks
Fed Officials Contemplate Thresholds for Rate Cuts (W)

U.S. Existing-Home Sales Declined in March (W)
Recently Hot Housing Markets Now See Biggest Sales Declines (B)
American millennials think they will be rich (E)

Perpetual Motion: Chinese State Companies Fine-Tune Their Financial Engineering (W)
India Struggles to Employ an Exploding Population (W)

US politics
Elizabeth Warren wants to use her wealth tax to wipe out Americans’ college debt and pay for tuition (C)
Trump-Appointed Official Promises Full Push to Overhaul Plumbing of Mortgage Market (W)
Rep. Seth Moulton of Massachusetts Enters 2020 Democratic Presidential Race (W)
Trump sues to block subpoena from House Democrats seeking information on his finances (C)

Geopolitics & trade
Trump aims to drive Iran’s oil exports to zero by ending sanctions waivers (C)
Trade Deal Alone Won’t Fix Strained U.S.-China Business Relations (W)
Consumers Bore Cost for Tariffs on Washing Machines (W)

Industries & companies
Consumer: After brutal year, Kraft Heinz taps AB InBev’s Miguel Patricio to replace CEO Bernardo Hees (C)
FAANGs: Apple will release a 5G iPhone in 2020 with chips from Qualcomm and Samsung, top analyst says (C)
Health Care: Health Insurers’ Stocks Have Been Battered. Now They Look Like a Buy. (BR)
Retail: Online Grocery Upheaval Hits America’s Biggest Chain (W)
Retail: Bed Bath & Beyond Overhauls Board Amid Activist Pressure (W)
Tech: Samsung’s Galaxy Fold Smartphone Release Delayed (W)
Tech: Spotify’s Stock Is Risky Business (BR)

Corporate finance
Tech’s new stars have it all—except a path to high profits (E)

Sri Lanka Points to Islamist Militants in Easter Attacks (W)
Can’t Afford Surgery? In China, Millions Chip In Half a Penny to Cover You (W)

wiar 04-20-19

Mary FanslauWhat I Am Reading

April 20 (Saturday)

Earnings and data could be proof that slowdown fears were overblown (C)
Inverted Yield Curve Is Waning as a Recession Gauge, BofA Says (B)

U.S. Home Building, Permits Fell Last Month (W)
Need New Workers? Start With the Ones You Already Have (W)

US politics
Elizabeth Warren calls for start of impeachment proceedings against Trump (C)
Trump Lashes Out Over Mueller Report; Democrats Take Aim (W)
Trump’s Post-Mueller Euphoria Gives Way to Anger and Recrimination (B)
Biden hires over a dozen senior advisors from Obama administration for 2020 campaign: Sources (C)
Biden Preparing for Possible 2020 Announcement Next Week, Sources Say (B)
A top progressive pundit says mainstream Democrats are worried about Bernie Sanders winning the White House in 2020 (C)

Geopolitics & trade
Debate Grows Over Likely Effects of Trump’s North American Trade Deal (W)
North Korea Seeks to Nudge, Not Pique, the U.S. (W)

Industries & companies
FAANGs: Lawmakers call for Zuckerberg to be held accountable for Facebook’s privacy fumbles (C)
Financials: Venmo’s Latest Effort to Turn a Profit: Credit Cards (W)
Pharma: Teva Gets Approval to Sell Generic Nasal Spray for Opioid Overdoses (W)
Tech: Samsung Galaxy Fold Non-Review: We Are Not Your Beta Testers (W)
Tech: Samsung’s $2,000 folding phone gave me a brief but tantalizing glimpse of the future — before it broke (C)

Corporate finance
Business Tech IPOs Outshine Their Consumer Counterparts (W)
Uber Clinches $1 Billion Investment in Self-Driving-Car Unit (W)

The Future of Wearable Tech Is Called a Hearing Aid (B)

wiar 04-19-19

Mary FanslauWhat I Am Reading

April 19 (Friday)

One Profit Puzzle Is Weighing on Stock Investors (B)
Why the health-care stock selloff may actually be a good thing (MW)
These six stocks have ‘upside’ potential due to recent developments, analysts say (C)

Central banks
Fed’s Kaplan Says U.S. Growth Isn’t Likely to Change His Stance on Rates (W)

Best Retail Sales Since 2017 Brighten U.S. Growth Outlook (B)
We Knew Millennials Were Drowning in Debt. Now We Have Ugly Details. (MW)
Opinion: Even 75% of Americans in the best 401(k) plans won’t have enough to retire (MW)
Immigrants Propel Population Growth in 10% of U.S. Counties (W)
U.S. launches four-state study to find ways to reduce opioid overdose deaths (R)

US politics
Mueller Finds Meddling but No Conspiracy, Leaves Question of Obstruction Unresolved (W)
Here’s why special counsel Robert Mueller did not say whether Trump obstructed justice (C)
In unflattering detail, Mueller report reveals Trump actions to impede inquiry (R)
Donald Trump on Mueller’s appointment (C)
Mueller referred evidence of 14 other potential crimes to federal officials. Only two of them are publicly known (C)

Geopolitics & trade
New North American trade deal modestly boosts U.S. economy, trade panel finds (R)
U.S.-Canada Rift Widens Over Training for Boeing 737 MAX Pilots (W)

Industries & companies
Consumer: Emerging Markets Boost Sales at Unilever and Nestlé (W)
FAANGs: Amazon’s E-Commerce Adventure in China Proved Too Much of a Jungle (W)
FAANGs: Amazon, Google Strike Deal to Return YouTube Apps to Amazon Devices (W)
FAANGs: Amazon Launches Free Music Streaming to Juice Alexa-Device Sales (B)
FAANGs: Facebook now says ‘millions’ of Instagram passwords were exposed internally (MW)
Financials: American Express Card-Holders Lift Spending (W)
Tech: Samsung’s Folding Phones Break for Reviewers (W)
Wireless: Sprint to Regulators: Business Is Worse Than Portrayed (W)

Corporate finance
Zoom is worth billions more than Pinterest as both go public — even though it’s half the size (C)
Zoom rocketed 72% on first day of trading (C)

Decades of Neglect Threatened Notre Dame, Well Before It Burned (W)

logy: Qualcomm’s Bet on 5G Pays Off (W)

Technology: IBM’s Shares Slide as Growth Challenges Remain (W)

Corporate finance
Zoom prices IPO at $36 per share, valuing videoconferencing company at $9.2 billion: Source (C)
Pinterest Targets $19 a Share in IPO, Bankers Tell Investors (W)

Dozens of Medical Professionals Charged With Illegally Prescribing Opioids (W)

wiar 04-18-19

Mary FanslauWhat I Am Reading

April 18 (Thursday)

Stocks Edge Lower, Pulled Down by Health-Care Shares (W)
Stocks Near Records, but Investors Still Skittish (W)
It’s Steel Stocks’ Turn as Chinese Stimulus Lifts Demand (B)

Central banks
Fed’s Beige Book Sees Slight-to-Moderate Growth (W)
Powell Adopts an Inflation Stance Yellen Shunned (B)
Opinion: The Fed knows how to hit its inflation target — it just refuses to do so (MW)
Herman Cain Says He Won’t Withdraw From Consideration for Fed Board (W)

Alan Greenspan: Can the U.S. Economy Stay on Top? (Wharton)
Mortgage Investors Keep a Wary Eye on Surging Home Purchases (B)

US politics
Rising Democratic star Pete Buttigieg enlists Barack Obama and Hillary Clinton fundraisers to build his 2020 campaign war chest (C)
Attorney General William Barr will hold a press conference to discuss Mueller report at 9:30 am ET Thursday (C)

Geopolitics & trade
U.S., China Aim for Early-May Announcement on Trade Deal (B)
Shrinking U.S. Trade Gap, China Growth Bode Well for Global Economy (W)
Donald Trump, China Savior? Some Chinese Say Yes (N)
North Korea says it tested a ‘powerful warhead’ (C)

Industries & companies
FAANGs: Cramer: Netflix’s content will be enough to hang with Disney, streaming competitors (C)
Financials: JP Morgan and Bank of America posted record profits, but investors worry it’s downhill from here (C)
Technology: Qualcomm’s Bet on 5G Pays Off (W)
Technology: IBM’s Shares Slide as Growth Challenges Remain (W)

Corporate finance
Zoom prices IPO at $36 per share, valuing videoconferencing company at $9.2 billion: Source (C)
Pinterest Targets $19 a Share in IPO, Bankers Tell Investors (W)

Dozens of Medical Professionals Charged With Illegally Prescribing Opioids (W)

wiar 04-17-19

Mary FanslauWhat I Am Reading

April 17 (Wednesday)

Stocks Finish Slightly Higher (W)
Global investors haven’t been this worried about the economy since 2016 (C)
A Bearish Warning Sign Is Flashing for the Dollar (B)

Central banks
The White House is interviewing other potential Fed candidates beyond Herman Cain and Stephen Moore, Larry Kudlow says (C)

What Retail Recovery? Malls Under Pressure as Stores Close (W)
U.S. Manufacturing Hits Soft Patch Tied to Global Slowdown (W)

US politics
One reason lawmakers are hesitant to fix Social Security: the millennials (MW)

Geopolitics & trade
Larry Kudlow Says ‘Very Good Progress’ Being Made in China Talks (B)
Trump Gets Trade Setback With WTO Ruling That May Foil U.S. Strategy (B)

Industries & companies
Airlines: FAA panel says Boeing 737 Max software is ‘operationally suitable’ in new report (C)
Consumer: Johnson & Johnson Raises Full-Year Guidance (W)
FAANGs: Qualcomm stock surges on Apple legal settlement (C)
FAANGs: Netflix drops on earnings report (C)
FAANGs: Netflix looks like Amazon in its early years ahead of its earnings, market watcher says (C)
Financials: Consumer Business Boosts Bank of America’s Profit (W)
Health Care: UnitedHealth Boosts Profit Targets After Upbeat First Quarter (W)
Health Care: Biggest U.S. Health Insurer Wades Right Into ‘Medicare for All’ Fight (B)
Technology: IBM stock slips after revenue shortfall (C)
Wireless: Nokia, the 1990s Cellphone Pioneer, Wants to Topple Huawei (W)

Corporate finance
T-Mobile, Sprint Deal Runs Into Resistance From DOJ Antitrust Staff (W)
AT&T Sells Hulu Stake, Valuing Video Service at $15 Billion (W)

Notre Dame will be rebuilt within the next five years, French President Emmanuel Macron says (C)
Venture Capital Is Putting Its Money Into Astrology (N)

wiar 04-16-19

Mary FanslauWhat I Am Reading

April 16 (Tuesday)

U.S. Stocks Slip on Mixed Earnings (W)

Central banks
Fed’s Evans: Rate Rises Still Possible If Economy Meets Expectations (W)
BOJ Must Couple Easing With Unwinding Vision, Ex-Official Says (B)

US politics I
Sanders releases 10 years of tax returns showing income bump from campaign book (C)
Trump’s Campaign Machine Has Two-Year Head Start (W)
Former Massachusetts governor William Weld will run against Trump for 2020 Republican presidential nomination (C)

US politics II
Trump Gave Most Americans a Tax Cut and They Didn’t Notice (B)
Mueller Report Is Likely to Be Released on Thursday, DOJ Says (B)
Trump Officials Stress Urgency In Fannie, Freddie Revamp (W)

Geopolitics & trade
India Cuts Trade Deficit With China by $10 Billion, Sources Say (B)
China Investigates Ericsson Over Licensing as 5G Competition Heats Up (W)

Industries & companies
Airlines: American Airlines Devising Extra Simulator Training for Boeing 737 Cockpit Crews (W)
Financials: Quiet Quarter on Wall Street Hurts Goldman’s Results (W)
Financials: Citigroup’s Profit Lifted by Consumer Banking (W)
Media: Disney+ is the service Apple wants (C)
Media: ‘Game of Thrones’ grows more successful as series nears end, putting HBO in tricky spot (C)

Corporate finance
AT&T sells Hulu stake, valuing the video streaming company at $15 billion (C)
With Disney in Control, Hulu Buys Out AT&T for $1.4 Billion (B)
Deutsche Bank Could Lose $1.7 Billion in Revenue If Deal Happens (B)
Apple and Qualcomm’s Billion-Dollar Staredown (W)

Paris’ Notre Dame ‘saved from total destruction,’ French fire official says, after blaze ravages cathedral (C)
How to Win Friends and Influence Algorithms (W)

wiar 04-15-19

Mary FanslauWhat I Am Reading

April 15 (Monday)

Global Stock Rally Defies Dimming Economic Outlook (W)

Central banks
What You Need to Be on the Fed…and It Isn’t a Ph.D. (W)
The independence of central banks is under threat from politics (E)

Why the middle class is shrinking (MW)

At the IMF, Germany Comes Under Pressure to Stimulate Growth (W)

US politics
Liberalism Is Under Siege. Conservatives Can Save It. (B)
Pete Buttigieg officially launches 2020 presidential campaign (C)

Geopolitics & trade
Rip-Roaring Chinese Exports Less Than They Appear (W)
Huawei is ‘open’ to selling 5G chips to Apple for iPhones, marking a big shift in strategy (C)

Industries & companies
Airlines: American Airlines cancels all 737 Max flights through August 19 (C)
Financials: J.P Morgan is soaring on earnings, and its rivals won’t be able to catch up, says expert (C)
Health Care: CVS Wants to Fix Health Care. It’s Time to Buy the Stock. (BR)
Media: Disney’s Streaming Goals Draw Cheers on Wall Street (BR)

Corporate finance
Publicis announces $4.4 billion deal to acquire data marketing company Epsilon (C)
Contract Drug Manufacturer Catalent to Buy Paragon Bioservices in $1.2 Billion Deal (W)
After Chevron’s Big Deal, Oil Stocks Are Rising on Hopes for More Mergers (BR)
Pinterest Is Going Public. Here’s What You Need to Know. (BR)

Decline in Human Empathy Creates Global Risks in the ‘Age of Anger’