wiar 2-2-17

Mary FanslauWhat I Am Reading

February 2  (Thursday)

Markets
S&P 500 ends four-day losing run as Fed holds rates (FT)
CalSTRS’ actuarial staff recommends lowering assumed rate of return to 7.25% from 7.5% (P&I)
BlackRock Goes $3.7 Billion Deeper Into Pipelines, Power (W)
Warren Buffett: I bought $12 billion of stock after Trump won (R)

Central banks
Fed Stands Pat, Offers No Hint on Next Rate Move (W) | Statement
Fed Waiting to See Economic Results From Flurry of Trump Actions (B)
Japan Outlook for Economic Activity and Prices (BOJ)

Global
Measures of Inflation Tick Up Around the Globe (W)
Bridgewater’s Dalio says Trump’s populist policies could hurt world economy (C)

US
U.S. Factory Activity Accelerated to Fastest Pace in More Than Two Years (W)
Atlanta Fed GDP now increases to 3.4% from 2.3%
BOOM! 2017 job growth starts with a bang: ADP (C)
Wage Growth Tracker: Every Which Way (and Up) (FRB-ATL)
U.S. Auto Sales Cooled in January (W)
Cities in Midwest, Rust Belt Say They Need Immigrants (W)

Europe
Brexit is about to move a step closer to reality (BI)
Top French Presidential Candidate Battered by Scandal (W)
Greece’s Deadlocked Debt Talks Unnerve Investors (W)
Navarro revives European criticism of German policy (FT)

Emerging
Chinese manufacturing expands in January, official PMI shows (C)
Pakistan’s Middle Class Soars as Stability Returns (W)
India unveils budget aimed at reviving demand (FT)
This Mexican Town Paid the Price for Trump’s Attacks on Ford (B)

US politics I
Meet Trump’s Pick for Supreme Court Justice (B)
Trump Supreme Court nominee can clear Senate with simple rule (WT)
Scalia Disciple on Path to Supreme Court (B)
Gorsuch Is Critic of Legal Doctrine That Bolsters Executive Authority (W)
Trump’s Supreme Court pick once criticized lawmakers for ‘grossly mistreating’ judicial nominees (BI)
Trump Court Pick Faces Senate Split by Bitter Fights (B)
The fight over Trump’s Supreme Court pick might go ‘nuclear’ (BI)
Liberal Groups Pressure Democrats to Block Gorsuch (B)
Trump Urges Senate GOP to Scrap 60-Vote Rule for Court Pick (W)

US politics II
Tillerson Wins Confirmation as Secretary of State (W)
Trump’s early moves spark alarm, resistance within the government (R)
Executive Order Draft Looks to Re-Examine Visa Programs (W)
State Dept. Dissent Cable on Trump’s Ban Draws 1,000 Signatures (N)
US trade chief seeks to reshore supply chain (FT)
Scaramucci’s career as a Trump advisor is apparently stalling thanks to a deal with a Chinese firm (C)

Geopolitics & trade
US puts Iran ‘on notice’ after missile test (FT)
Trump’s defense chief heads to Asia, eying China, North Korea threat (R)
Russia says Trump should be more specific on Syria safe zones plan (R)
Trump Tells Pena Nieto He Might Send Troops to Mexico: AP (B)

Industries & companies
Consumer: Reckitt Benckiser Is in Talks to Buy Mead Johnson (W)
Pharma: Trump’s Criticism of Imports Adds to Drugmakers’ Headaches (W)

Offbeat
Michael Jackson Is Worth More Than Ever, and the IRS Wants a Piece of It (B)
You Can Now Buy and Sell ‘WEED’ on Toronto’s Stock Exchange (B)