wiar 1-19-17

Mary FanslauWhat I Am Reading

January 19  (Thursday)

Markets
Dow Slides, Weighed Down by Goldman, UnitedHealth (W)
Dow 20,000 is overrated (BI)

Oil
OPEC Chief Says ‘So Far, So Good’ on Deal to Cut Production (B)

Central banks
Bernanke: The Fed and fiscal policy
Yellen Says Economy Near Goals, Warranting Gradual Rate Hikes (B) | Speech
Yellen warns rates delay risks ‘nasty’ surprise (FT)
Fed officials prepare ground to cut bank’s $4.5tn balance sheet (FT)
ECB bond buying slide raises taper questions (FT)

Global
China takes the spotlight (BI)
President Xi’s speech to Davos in full
Xi Jinping Discusses Establishing Chinese Banks in Geneva (B)
World Economic Outlook (WEO) Update (IMF)

US
Inflation Gauge Tops 2%, Supporting Fed’s Plan to Raise Rates (W)
Consumer Prices, Factory Output Tick Up: U.S. Economic Takeaways (B)
U.S. Home Builder Confidence Slips From December, But Remains High (W)
Is the Next Recession Around the Corner? Probably Not (FRB-DALLAS)

Europe
Annual inflation up to 1.1% in the euro area (Eurostat)
France’s Le Pen Centers Campaign on Quitting Euro (W)
Dimon Says Euro Zone May Not Survive If Concerns Are Ignored (B)
German Jobs Mystery Explained as Refugees Hide in Statistics (B)
Goldman May Cut London Staff by 50% on Brexit: Handelsblatt (B)

China
China 2016 home prices surge most in five years, but moderating, easing bubble fears (R)

Geopolitics & trade
Ross Hints at Duties on Chinese Steel Imports (W)
Ross Sees ‘Useful Role’ for Tariffs in Helping Trade (B)
Obama Warns on Mideast Volatility, Russia Tensions (W)
Biden Lashes Out at Trump Over Comments on NATO (W)

Industries & companies
Airlines: United Airlines beat fourth quarter earnings estimates, but a massive tax bill is killing profits (BI)
Education: Pearson Shares Dive on Profit Warning (W)
Financials: Goldman Sachs Results Surge on Trading Bounce (W)
Financials: Citigroup Reports Higher Earnings (W)
Financials: Deutsche Bank Said to Warn Job Cuts Continuing as Bonuses Axed (B)
Financials: Credit Suisse Completes $5.3 Billion U.S. Deal Over Toxic Debt (B)
Media: Netflix Tops Analysts’ Estimates With 7.05 Million New Customers (B)
Pharma: Pfizer warns of ‘big challenge’ ahead from strong dollar (FT)
Tech: Qualcomm allegedly paid Apple billions of dollars in rebates to use its chips (BI)
Tech: Oracle Sued by U.S. Over Alleged Discriminatory Pay, Hiring (B)

Offbeat
These Are the Countries Facing the Highest Risks Today (B)