wiar 1-05-17

Mary FanslauWhat I Am Reading

January 5 (Thursday)

Markets
America’s Roster of Public Companies Is Shrinking Before Our Eyes (W)
Consumer Stocks Push Dow Higher (W)
UBS: Trump rally has risks, but now is not the time to be a contrarian (BI)
How Trumponomics will set the pace for market uncertainty in 2017 (FT)
The 10 biggest risks the world faces in 2017 (BI)
Harvard Academic Sees Debt Rout Worse Than 1994 ‘Bond Massacre’ (B)

Central banks
Fed officials think Trump tax cuts could lead to higher rates (FT) | Minutes
Fed policymakers agree Trump fiscal boost poses inflation risk (R)
Fed Minutes Cite ‘Uncertainty’ About Trump’s Impact on Economy (W)

US
December US auto sales come in at pace of 18.4 million, vs. 17.7 million estimate (C)

Europe
Eurozone inflation soars to highest level since 2013 (FT)
British consumers borrow at fastest rate in 11 years as inflation threat rises (R)

China
Yuan Surges as China Seeks New Tools to Block Outflows (B)
China Goes on $26 Trillion Commodity Binge as Shortages Seen (B)

US politics I
With Choice of Trade Negotiator, Trump Prepares to Confront Mexico and China (N)
Trump Tariff on GM Would Violate NAFTA. That May Not Stop Him (B)
Why Trump Tariffs on Mexican Cars Probably Won’t Stop Job Flight (B)
Chided by Trump, Ford scraps Mexico factory, adds Michigan jobs (R)
Repealing Obamacare Could be Trump’s First Lesson in the Glacial Pace of Congress (B)
Obama Tries to Save Parts of Health Law Amid GOP Attack (W)
Rand Paul Endangers Health Law Repeal (W)
Trump to Nominate Wall Street Lawyer Clayton as SEC Chair (W)

US politics II
Rough start for U.S. Republicans on first day of Trump-era Congress (R)
Republicans Retreat From Ethics Change Following Backlash (W)
California Democrats hire Eric Holder to fight Trump (BI)
Trump’s desire for longer maturity debt will be a hard sell (FT)
Schumer Says a Trump ‘Twitter Presidency’ Won’t Work (W)
Kissinger’s Washington Is Coming Back Around (B)

Geopolitics & cyber-security
Trump’s Four Options for Stopping North Korean Missiles (B)
Trump’s North Korea red line could haunt him (R)
Trump Attacks of U.S. Intelligence on Russia Unnerve Lawmakers (W)
Trump mocks US intelligence officials over Russian cyberattacks (BI)

Industries & companies
Autos: Auto Makers on Track to Set Annual Record (W)
Financials: Big banks are gearing up to fight the Volcker rule (BI)
Financials: We now know how Wall Street banks stack up in dealmaking, and it isn’t even close (BI)
Tech: New Qualcomm Chip Will Mean Thinner Phones, Better Battery Life, Company Says (B)
Tech: Apple Confirms $1 Billion Investment in SoftBank Fund (W)

Technology
Mark Zuckerberg to study impact of globalisation with US tour (FT)
Start-ups take aim at errant drones (R)

Offbeat
Manhattan Home Prices Are Tumbling Down (B)
Megyn Kelly to Leave Fox News to Join NBC (W)