wiar 1-20-17

Mary FanslauWhat I Am Reading

January 20  (Friday)

Markets
Trump’s presidency could give investors a bumpy ride (CBS)
Blankfein: The markets were already great before Trump’s win (BI)
Soros Says Markets to Slump With Trump, EU Faces Disintegration (B)
Markets Take China’s Treasury Selloff in Stride (W)

Commodities
US shale is ready for a comeback (BI)
‘Permania’ grips the US shale oil industry (FT)
Aluminium on a tear on hopes for China supply cuts (FT)

Central banks
Trump and Yellen Look to Be on a Collision Course (N)
Fed Unlikely to Snuff Out U.S. Economic Expansion, Dudley Says (B)
Fed’s Kaplan, warning on debt, urges care on fiscal policies (C)
Draghi Dovish as ECB Stands Pat (W)
ECB holds steady on rates amid inflation dilemma (FT)

Global
Davos Elite Seeks Fixes to Defend the System From Populists (B)
Davos Elite Fret About Inequality Over Vintage Wine and Canapés (N)
Davos CEOs ‘go local’ on supply chain in Trump era (R)
Joe Biden Speech at the World Economic Forum in Davos: Transcript (Fortune)
Global Americanization ends tomorrow: Eurasia’s Ian Bremmer (R)

US
Does a Strong Dollar Slow the Growth Rate of GDP? (FRB-STL)
The Mortgage Market’s $1 Trillion Pocket of Worry (W)
CBO’s Long-Term Projections of Labor Force Participation
Household Formation over Time: Evidence from Two Cohorts of Young Adults (FRB-BOS)

Japan
Abe Seeks to Give Japan’s Temporary Workers a Lift (B)

China
The real problem with China’s corporate debt load (BI)

US politics
Trump’s Style: ‘Deliberate Chaos’ (W)
Voter Anxiety That Fueled Trump’s Victory Turns to Hope for Jobs (W)
Trump, His Children, and 500+ Potential Conflicts of Interest (W)
Mnuchin Defends Banking Past, Advocates Strong U.S. Dollar (B)
Mnuchin adds to mixed signals over Trump dollar policy (FT)
Perry Regrets Call to Eliminate Energy Department (W)
Trump to Keep Top Obama Administration Officials (W)
How Border Adjustment Could Cause a Wealth Drop (W)
Obama’s Failing Was a Lack of Ambition (B)
In Farewell, Obama Sets Red Lines That Would Pull Him Back Into Fray (N)

Geopolitics & trade
Ross escalates Trump trade criticism against Beijing (FT)
China Pledges Cooperation With Trump Administration on Trade (B)
Russia Fears That Trump Won’t Be Such a Great Deal After All (B)
Top Trump Adviser: UK/U.S. Deal Could Be Ready in ‘Six Months’ (Breibart)
May Hints at Trump Rebuke in Vow to Lead on Free Trade (W)

Industries & companies
Autos: How Much Is a Trump Friendship Worth? For Tesla Shares, Up to 30% (B)
Financials: Citigroup faces questions on missing its financial targets (FT)
Financials: Wall Street Firms Use ‘Buy’ Ratings to Win Clients Access (W)
Railroads: CSX shares soar as rail industry veteran takes aim (FT)

Technology
U.S. investors see more automation, not jobs, under Trump administration (R)

Offbeat
Earth Sets a Temperature Record for the Third Straight Year (N)
Mexico Extradites Drug Lord ‘El Chapo’ to U.S. (W)