wiar 2-10-17

Mary FanslauWhat I Am Reading

February 10  (Friday)

Markets
Stocks Surge as Trump Signals Plan for Lower Taxes (W)
US small-caps guru Ellenbogen warns over post-election rally (FT)
BlackRock CEO Fink sees ‘dark shadows’ in financial markets (R)
Biggest Stock Market Bull Says Trump Rally’s Just Getting Going (B)
How China’s Dumping of Treasurys Will Affect U.S. Borrowing Costs (W)

Central banks
Kevin Warsh is a Contender for Federal Reserve Chair 2017 (BI)
Fed’s Bullard Says Fiscal Uncertainty Should Delay Rate Hike (B) | Speech
In Departure, ECB Officials Stump for the European Union (W)
BOJ Deputy Governor Speech: Japan’s Economy and Monetary Policy

US
U.S. jobless claims near 43-year low; wholesale inventories surge (R)
What’s Happening With Wage Growth? (B)
One chart shows just how devastating healthcare costs are for American families (BI)
Why Does Economic Growth Keep Slowing Down? (FRB-SL)

Europe
Worries Grow Over Euro’s Fate as Debts Smolder in Italy and Greece (N)
Greek bonds sell off sharply as EU-IMF rift deepens (FT)
Treat French Debt Like Italy, But Don’t Worry About Le Pen (W)
How the Euro Became Decoupled From the Price of Assets (B)
Greece’s Never-Ending Fiscal Drama Bubbles Back Up (W)
Schaeuble Rules Out Greek Debt Cut as Violation of EU Rules (B)
Greece’s Economy Minister Confident of Creditor Deal (W)
Le Pen debt plan threatens massive default, say agencies (FT)
Candidate for German Chancellor Finds a Rallying Cry: Trump (W)
MPs give green light for Theresa May to trigger Brexit (FT)
Merkel toughens plans to remove failed asylum seekers (FT)

China
Chinese Companies Rush In Where Bankers Fear to Lend (W)
China January currency outflows (BI)

Emerging
PwC: Emerging economies expected to dwarf developed markets by 2050 (PI)

US politics
Trump Dealt Major Setback as Appeals Court Sides With Immigrants (B)
Trump vows ‘phenomenal’ tax announcement, offers no details (R)
If Trump and Congress ‘botch’ tax cut, GOP could lose House: Steve Forbes (C)
Trump Slams Air-Traffic System, Cheering Privatization Advocates (B)
Anti-Trump Employees Put Their Bosses in the Hot Seat (B)

Geopolitics & terrorism
U.S. Senators denounce Trump plan to focus counter-extremism program on Islam (R)
In call with Putin, Trump rebukes nuclear treaty (R)
Putin orders Russia’s air force to prepare for a ‘time of war’ — and NATO doesn’t stand a chance right now (BI)
Why Trump Might Target Iran’s Revolutionary Guard (B)
Nuance added to Trump’s pro-Israel stance (R)
Washington Turns Attention to Yemen, Pleasing Gulf States (W)
Domestic Politics in Other Nations Are Churned by Trump’s Wild Start (W)

Industries & companies
Autos: Morgan Stanley’s top auto analyst suggests GM could be broken up (BI)
Consumer: Strong demand for soda in North America boosts Coca-Cola (BI)
Consumer: Yum Brands whiffs on sales as fewer people eat at Pizza Hut (BI)
Retail: Whole Foods is sliding after missing on earnings and slashing its guidance (BI)
Tech: Intel, in Show of Support for Trump, Announces Factory in Arizona (N)

Offbeat
The 10 Biggest Superyachts Docking in Miami Next Week (B)