wiar 12-11-19

Mary FanslauWhat I Am Reading

December 11 (Wednesday)

Stocks Pare Losses on U.S.-Mexico-Canada Trade Pact W
Trade, Growth Uncertainties Weigh on Outlook for Materials Stocks W
China’s Yuan Punches Below Its Weight W
A Massive Loan Trade Highlights Rifts in Junk-Debt Markets W

Central banks
How Fed Chairman Forged Rate-Cut Consensus W
The Twittersphere may be shaping the Federal Reserve’s thinking more than we know C
Underpriced Repo Risks May Push Fed Toward QE4, Pozsar Says B

Worried, Scared and Paralyzed: Lives Caught in Brexit Limbo N

China’s Consumer Inflation Skyrockets, Boosted by Pricey Pork W

US politics
House Democrats announce articles of impeachment against Trump: Abuse of power, obstruction of Congress C
Democrats Plan to Impeach Trump for Abuse of Power, Obstruction B
Attorney General William Barr says FBI may have acted in ‘bad faith’ in Trump-Russia probe C
Attorney General Barr Calls FBI’s Trump Probe ‘Travesty’ W

Geopolitics & trade
U.S. and Chinese Negotiators Planning for Delay of Tariffs W
Larry Kudlow says December tariffs are ‘still on the table’ C
House Democrats and the White House have a deal to move forward with USMCA trade agreement C

Industries & companies
Aerospace: Boeing reports 30 new orders for the troubled 737 Max in November C
Biotech: Investors fear Pelosi’s drug price plan will kill small biotech firms C
FAANGs: Facebook Tells Barr It Won’t Open Up Encrypted Messages N
Tech: Big Tech’s Critics, Flush With Cash, Try to Build a Movement N

Corporate finance
Saudi Aramco Sounds Out Investors on Asia IPO W
New York Life in Talks to Buy Cigna’s Nonhealth Benefits Unit W
McAfee Considers Making Bid for Rival NortonLifeLock W

Exxon Found Not Guilty of Fraud in Climate-Change Accounting Case W
Inspector General Report Renews Scrutiny of FBI Surveillance Practices W
Oracle will move its annual OpenWorld conference to Las Vegas because San Francisco is too expensive C

Daily Markets Overview

wiar 12-10-19

Mary FanslauWhat I Am Reading

December 10 (Tuesday)

U.S. Stocks Slip as Trade War Weighs on Chinese Exports W
As Tariff Deadline Looms, Investors’ Other Worries Fade W
It could be time to buy defensive stocks if the rally slows down. Here are some favorites C
Junk Bonds Set for Pain if Economic Pessimists Are Right W
Cash Is Back. Here’s Why. W

U.S. consumer inflation expectations rebound from five-year low: NY Fed R
American Factories Demand White-Collar Education for Blue-Collar Work W

US politics
Trump says DOJ report ‘far worse than I would have ever thought possible,’ despite no finding of political bias C
Mistakes, but no political bias in probe of Trump 2016 campaign, watchdog says R
Opposing Sides Make Their Impeachment Arguments in House W
Amazon Claims ‘Improper Pressure’ From Trump on Pentagon Contract W
Trump family member had ‘personal’ relationship with dossier author Christopher Steele, report says — it may have been Ivanka C

Geopolitics & trade
Democrats and the Trump administration near a tentative North American trade deal C
Trump says doing well with China in putting together trade deal R

Industries & companies
FAANGs: Google under investigation for ‘Thanksgiving Four’ firings, allegedly discouraging unions C
Financials: Morgan Stanley Eliminates About 1,500 Jobs in Year-End Cuts B
Media: Elections, Olympics to Boost U.S. Ad Spending in 2020, Industry Forecast Says W
Pharma: Big Drugmakers Push Deeper Into Cancer Treatment W
Retail: Big Brands, Online Startups Find Success Rests on Store Shelves W
Utilities: PG&E Charges to Swell to $25 Billion After Wildfire Settlement W

Corporate finance
Sanofi Chief Signals Focus on Cancer With $2.5 Billion Deal W
Judge Puts T-Mobile Merger Trial on Fast Track W
Goldman Jumps Into WeWork Cleanup With Debt-Financing Plan B
Cash from selling CBS’ New York headquarters may be used in stock buyback, Viacom CBS CEO says C
SoftBank Is Selling Wag Stake Back to Company W

Scientists Store Data in Synthetic DNA Embedded in a Plastic Toy W

Paul Volcker, Fed Chairman Who Tamed Inflation, Dies W
Russia banned from next Olympics and World Cup soccer W

Daily Markets Overview

wiar 12-09-19

Mary FanslauWhat I Am Reading

December 09 (Monday)

The Jobs Numbers Were Great. The Dow Still Finished Down for the Week. BR
What Trump does before trade deadline is the ‘wild card’ that will drive markets in the week ahead C
Investors Bail on Stock Rally, Fleeing Funds in Droves W
A Pivotal Week Confronts Emerging Markets as Traders Look to 2020 B

Central banks
The Shock and Awe Era for Central Banks Is Over B
Repo Blowup Was Fueled by Big Banks and Hedge Funds B

In the Next Downturn, Fiscal Policy May Have to Step Up W

China exports fall for fourth consecutive month as Beijing demands tariff rollback as part of trade deal C
China’s Unexpected Export Drop Shows Why It Wants a Trade Deal B
China’s Influencers Livestream Product Demos to Followers, Drive Web Advertising W

Britain’s Coming Election Will Decide Brexit’s Fate. Here’s What to Expect. W

US politics
Nadler Says Without Impeachment, Trump May Try to ‘Rig’ Election B
Why a Win by Elizabeth Warren Won’t Tank the Market BR
John Kerry Rallies With Joe Biden, Evoking Some 2004 Parallels B

Geopolitics & trade
Hong Kong Protesters Fill Streets in Biggest March in Months W
Trump says North Korea must denuclearize after North claims ‘very important’ test C
Trump Downplays North Korea Missile Tests, Says Kim ‘Too Smart’ B

Industries & companies
FAANGs: Amazon, Facebook Expand in New York W
FAANGs: Apple’s New Buds Sing an Old Tune W
Media: Disney nears $10 billion global box office record and ‘Rise of Skywalker’ isn’t even out yet C
Retail: Macy’s Stock Shouldn’t Expect a Miracle on 34th This Holiday Season BR
Tech: Bezos says ‘the country is in trouble’ if big tech turns its back on the Pentagon: ‘We are the good guys’ C
Tech: The future of the US wireless industry in limbo as T-Mobile and Sprint begin battle to win merger approval C
Utilities: PG&E Caused Over 400 Fires in 2018. Where Were the Regulators? W

Corporate finance
T-Mobile, Sprint Head to Court to Defend Merger W

Brace for the Digital-Money Wars W

Daily Markets Overview

wiar 12-07-19

Mary FanslauWhat I Am Reading

December 07 (Saturday)

Dow surges more than 300 points on blockbuster jobs data, S&P 500 erases losses for the week C
Does the stock market even need a U.S.-China trade deal with the jobs report this hot? MW
Why the Bull Market Is Only at Mid-Cycle B
Stocks and Bond Yields Climb W
Muni-Bond Ratings Are All Over the Place. Here’s Why. W

Strong U.S. Hiring Eases Concerns About Economy W
The U.S. Added 266,000 Jobs in November. Here’s the Bottom Line. N
Job Market’s Decade-End Bang Risks Fizzling in Less-Roaring ’20s B
America is too focused on the unemployment rate. Here’s what we need to be looking at NN
U.S. Consumer Sentiment Hits Seven-Month High Amid Stocks Cheer B
U.S. Wage Growth Eclipses Mortgage Rate for First Time Since 1972 B

Central banks
Blowout jobs report means Fed may sound even less likely to move on interest rates C
November Jobs Report Affirms Fed Officials’ Make-No-Moves Stance W

US politics
White House tells Congress it will refuse to participate in impeachment hearings C
States’ Shift From Caucuses Is Challenge for Sanders, Warren W

Geopolitics & trade
Trump’s tricky decision: Hit Chinese goods with new tariffs or hold off C
Kudlow says a trade deal is close, but Trump is prepared to ‘walk away’ if some conditions not met C
Trump Official Says ‘No Arbitrary Deadlines’ for China Trade Deal W

Industries & companies
FAANGs: Trump Administration Weighs Putting Amazon Foreign Sites on ‘Notorious Markets’ List W
FAANGs: Google Management Shuffle Points to Retreat From Alphabet Experiment W

Corporate finance
The Prince Got His World-Beating IPO. Now Hard Work Begins B
How Aramco’s Huge I.P.O. Fell Short of Saudi Prince’s Wish N

Technology & cybersecurity
Robots in Finance Could Wipe Out Some of Its Highest-Paying Jobs B
A World With a Billion Cameras Watching You Is Just Around the Corner W
Top U.S. Cybersecurity Officials to Depart as Election Season Enters Full Swing W

Disney Disturbs the Force: Pleasing Star Wars Fans Complicates Skywalker Saga W

Daily Markets Overview

wiar 12-06-19

Mary FanslauWhat I Am Reading

December 06 (Friday)

Wall Street inches higher as Dec. 15 tariff deadline looms R
OPEC meeting drags on with market expecting deep production cut C

Gazing into the recession crystal ball R
The $3.7 Trillion Corporate Debt Question W
The U.S. Furniture Industry Is Back—but There Aren’t Enough Workers W
Low Interest Rates Leave Retired Investors With Tough Choices W

France Grinds to a Halt as Massive Strike Begins W

India’s Economy Is Sputtering. But Its Stock Market Powers Ahead B

US politics
Pelosi Says House Will Draft Trump Impeachment Articles B
Biden finally finds social media buzz with viral Trump video, voter spat R
Lawmakers Expand List of Issues to Resolve as Spending Deadline Nears W
Trump’s Tax Cuts Reduce U.S. Burden to One of Lowest in the World W

Geopolitics & trade I
U.S. Trade With China Extends Decline as Tariff Talks Drag On B
American Firms Import Fewer Chinese Goods W
Chinese Investment in U.S. Commercial Real Estate Is Plunging B
US and China disagree on the size of agriculture purchases, report says C

Geopolitics & trade II
China Says U.S. Trade Talks Remain on Track W
Trump upbeat on U.S.-China talks as Beijing underscores tariff-cut demands R
Huawei Unveils Latest Legal Challenge Against the U.S. W
Pentagon Official Says More Troops Might Be Sent to Mideast W

Industries & companies
Airlines: United Airlines CEO to Step Down W
Autos: GM, LG to Spend $2.3 Billion on Electric-Car Battery Venture W
FAANGs: How Amazon Dodges Responsibility for Unsafe Products: The Case of the Hoverboard W
Financials: MetLife Expands into Fast-Growing Sector: Pet Insurance W
Pharma: Sage Therapeutics Shares Plummet on Depression-Treatment Study Results W

Corporate finance
Saudi Aramco Raises $25.6 Billion in World’s Biggest IPO B
Digital bank Chime quadruples valuation in less than a year to $5.8 billion as it takes on megabanks  C
SoftBank Vision Fund 2 has held talks to invest $150 million in home health-care start-up Honor, sources say C

Shh! Companies Are Fixing Accounting Errors…Quietly W

Daily Markets Overview

wiar 12-05-19

Mary FanslauWhat I Am Reading

December 05 (Thursday)

Bull markets often end with a euphoric rally called a ‘blow-off top.’ We may have just had one C
New Link Between Stocks, Bonds Shows How Markets Have Changed W
Odd Calm in China Markets Has Traders Suspecting State Support B
Pound Hits Fresh High on Boris Johnson’s Election Prospects W

Central banks
The repo market is ‘broken’ and Fed injections are not a lasting solution, market pros warn MW

A Growing Share of S&P 500 Companies’ Earnings Are Contracting W
U.S. Services Sector Grew Solidly in November W
Next year will be hard on the housing market, especially in these big cities C
U.S. Private Sector Added 67,000 Jobs in November W

Japan to Unveil Details of Fiscal Stimulus as Early as Thursday B

US politics
Democrats Signal Impeachment May Go Beyond Ukraine W
Treasury Secretary Mnuchin warns of new global taxes, opposes digital services duty C
Biden Proposes $1 Trillion in New Corporate Taxes W
Biden proposes minimum federal tax aimed at Amazon and others who pay $0 MW
Biden Says He’d Consider Harris for VP: Campaign Update B
Georgia Gov. Brian Kemp defies Trump in appointing Kelly Loeffler to Senate seat C

Geopolitics & trade
Pelosi Pushes to Remove Legal Protections for Online Content in Trade Pact W
On Trade, France and U.S. Go It Alone—to World’s Detriment W
Here’s Help Decoding Trump’s Trade Brain, Bluffs and Bluster B
U.S. Considers Sending More Troops to Middle East W

Industries & companies
Autos: Tesla promises Roadster owners dedicated service advisors, technicians and repair centers C
Autos: Fiat Chrysler Workers to Get Better Health Care, Bigger Bonus Checks W
Media: Here Comes the Merch: Sony Strikes Deal for Beatles Memorabilia W

Corporate finance
Italy Claims Fiat Undervalued Chrysler by $5.6 Billion B

This depressing chart shows the jaw-dropping wealth gap between millennials and boomers MW
Stephanie Kelton, Modern Monetary Theory Evangelist B
White House to Tighten Work Requirements for Food-Stamp Aid W

Daily Markets Overview

wiar 12-04-19

Mary FanslauWhat I Am Reading

December 04 (Wednesday)

Trump says trade deal with China could wait until after 2020 election; Dow plunges 400 points WP
Daily Markets Overview

Markets & investing
Dow drops more than 250 points, falling for a third day as Trump hints at trade deal delay C
Trump Volatility in Markets Is Back N
How the market sell-off could get much worse: ‘Better put on your helmet’ C
When Trump Tweets on China Trade Talks, Buy Canadian Stocks B
Oil Trading in Sweet Spot Adds to Improving Economic Signals W

These CEOs Were Planning for Trump’s Dec. 15 Tariffs All Along B

Germans Keep on Saving Their Money, Even When It Hurts W

China Uses DNA to Map Faces, With Help From the West N

US politics
Trump Compromised Security, Abused Office, House Report Says B
House Democrats’ impeachment report accuses Trump of obstruction, other misconduct C
Swing-District Democrats Wary of Broad Impeachment Push W
Senate Republicans Warm to Theory of Ukrainian Election Interference W
Kamala Harris drops out of presidential race after plummeting from top tier of Democratic candidates C

Geopolitics & trade
France Vows Retaliation as Luxury Industry Braces for U.S. Tariffs W
Iran, Cut Off From Vital Cash Reserves, Faces Deeper Economic Peril, U.S. Says W

Industries & companies
Autos: Foreign Auto Makers Report Higher U.S. Sales W
FAANGs: Amazon’s cloud business bombards the market with dozens of new features as it looks to preserve its lead C
Media: Spending by Streaming TV Expected to Give Ad Growth a Long-Term Boost W
Restaurants: Starbucks Is Replicating Its Too-Fast U.S. Growth in China B
Retail: Thanksgiving Weekend Shoppers Boosted Spending by 16% W
Tech: U.S. Tech Giants Bet Big on India. Now It’s Changing the Rules. N
Tech: Salesforce’s stock bounces around after revenue and profit beat C
Tech: Twitter Plans First Sale of High-Yield Debt W
Utilities: PG&E Failed to Maintain Power Lines, Probe Finds W
Wireless: Sprint Overcounted Subsidized Customers for Years W

Merck Cyberattack’s $1.3 Billion Question: Was It an Act of War? B

U.S. Retail Worker Injuries Now Higher Than on Factory Floor B
New Gums Promise to Help You Sleep and Make You Skinny W

wiar 12-03-19

Mary FanslauWhat I Am Reading

December 03 (Tuesday)

Markets & investing
Stocks Fall on Manufacturing Report, Fresh Trade Tensions W
Steel Stocks Rally on Trump’s Tariff Move W
This is where the Dow would be this year without Apple and Microsoft C
Natural gas is one of the few trades that hasn’t worked on Wall Street, down 50% in 12 months C
‘Peak’ Private-Equity Fears Are Spreading Across Pension World B

Central banks
Lagarde Says ECB Will Be ‘Resolute’ on Inflation Mandate B

U.S. manufacturing contracts further, tempers economic growth hopes R
U.S. factory sector contracts again in November: ISM R
American Dominance in Global Services Economy Weakens W

What the Key Actors Want in Germany’s Latest Political Drama B

China’s Insurance Giant Is Morphing Into a Tech Company B
Chinese Citizens Must Scan Their Faces to Register for New Mobile-Phone Service W

US politics
The Impeachment Wild Cards Trump Confronts in a Senate Trial B
Trump Questions Timing of Impeachment Hearing W
Trump campaign revokes credentials for Bloomberg News reporters over decision not to investigate 2020 Dems C
Buttigieg Won’t Be ‘Mayor Pete’ for Long, a Possible Plus In Iowa W

Geopolitics & trade
Trump Puts Tariffs on Brazil, Argentina, Citing Currencies W
Trump says U.S. bill on Hong Kong doesn’t help China trade talks R
China Bars American Sailors From Hong Kong R&R W

Industries & companies
FAANGs: Amazon Rolls Out Quantum-Computing Service W
Retail: Cyber Monday shoppers on track to hit a record $9.4 billion, Adobe says C
Retail: Target, Best Buy, Walmart, Lululemon Won the Black Friday Weekend B

Daily Markets Overview

wiar 12-02-19

Mary FanslauWhat I Am Reading

December 02 (Monday)

Markets & investing
The S&P 500 Notches Its 26th Record This Year Before Falling Back BR
December could be a good month for the stock market, but there’s one big risk C
Not Even a Blockbuster Jobs Report Will Move the Needle for Treasury Bulls B
Hong Kong Stocks’ Sudden Tumble Catches Traders Off Guard B

How Iran and OPEC Could Help Fuel Oil Prices BR
Supplying clean power is easier than storing it E

Central banks
Why You Shouldn’t Expect Rates to Head Upward for a While W
ECB’s Nominees Back Negative Rates and Warn of Side Effects B

China Financial Warning Signs Are Flashing Almost Everywhere B
Hong Kong’s democracy movement has gained a big electoral boost E

A growing number of Japanese have become recluses E

US politics
House Intelligence Committee to vote on impeachment report C
House Judiciary Panel Asks Trump if He Will Present Impeachment Defense N
Long Before Trump, Impeachment Loomed Over Multiple Presidents N
‘Tax Cuts 2.0’ could include a rate reduction for the middle class. Here’s who would benefit most C
Warren Wealth Tax Has Wide Support, Except Among One Group N

Geopolitics & trade
China and Russia Are Partners—and Now Have a $55 Billion Pipeline to Prove It W
China wants rollback of tariffs in phase one trade deal with US, Chinese state media says C
China Criticizes U.S. Support for Protests, Signals Trade Hope W
Huawei Manages to Make Smartphones Without U.S. Chips W

Industries & companies
FAANGs: How Amazon Wove Itself Into the Life of an American City N
Industrials: GE Pitches Investors on Its Health-Care Unit W
Media: ‘Frozen 2’ Sets Thanksgiving Holiday Box-Office Record W
Retail: Black Friday shoppers spend record $7.4 billion in second largest online sales day ever C
Retail: Investors Bet on More Pain for Retailers W
Tech: Is There New Life in Legacy Tech? BR
Tech: 5G broadband is an existential threat to the cable industry, but executives and investors aren’t worried C
Corporate finance

Tech M&A: A Long—Not Proud—History BR

Economists are rethinking the numbers on inequality E
A Pennsylvania Election Nightmare Underscores Voting Machine Concerns N
What to Do When Your Kid Is a YouTube Millionaire BR
Retirement Can Be Tough Psychologically. Some Ways to Adapt. BR

Daily Markets Overview

wiar 11-30-19

Mary FanslauWhat I Am Reading

November 30 (Saturday)

Markets & investing
Wall Street’s 2020 Prediction: The Stock Market Will Have a So-So Year W
Stocks fall to end November, but post biggest monthly gains since June C
Warren Buffett is sitting on $128 billion, raising questions about whether the market is overvalued C
Warren Buffett’s latest attempt to put his cash to work is thwarted C

U.S. Posts First Month in 70 Years as a Net Petroleum Exporter B
Oil Slides as Oversupply Fears Resurface W
Republican Fervor Ebbs for Offshore Drilling W

Central banks
Powell Says Fed’s Rate Cuts Reflect More Bearish View of Economy W

Shoppers ring up record Thanksgiving sales online. Black Friday’s tally to exceed $7 billion, Adobe says C
Shoppers might not be flocking to stores on Black Friday. But they’re still spending C
U.S. Consumer Spending Rose 0.3% in October W
The Richest U.S. Counties Are Getting Even Richer B

Daimler to ax at least 10,000 jobs in latest car industry cuts R
Block Friday: French activists try to disrupt discount shopping day R

China Financial Warning Signs Are Flashing Almost Everywhere B
Exclusive: U.S. weighs new regulations to further restrict Huawei suppliers – sources R

US politics
Judiciary Committee gives Trump deadline to call witnesses, present evidence in impeachment hearings C
Bloomberg has too many negatives to win the Democratic nomination, Barney Frank says C

Geopolitics & trade
Trump is expected to discuss China, Russia challenges with NATO leaders next week C
China threatens to take ‘strong counter-measures’ against US after Hong Kong bill signings C
The Big Question on Hong Kong: How Will China Hit Back at Trump? B
Canada PM: a ‘little more work’ is needed on USMCA trade deal R
After Trump’s Afghan visit, Taliban say they are ready to resume peace talks R

Global unrest
Iraq PM says he will quit after cleric’s call but violence rages on R
Why Iraqis Are Taking Aim at Their Leaders and Iran’s B
Students stage global strikes to pressure U.N. climate summit R

Industries & companies
Retail: Many retailers continue to lose against Amazon. But not Target and Best Buy, analyst says C
Retail: The direct-to-consumer strategy is making a run at Amazon’s throne C

Tourists Ruined Venice. Now Floods Are Making It Uninhabitable B

Daily Markets Overview