wiar 2-24-17

Mary FanslauWhat I Am Reading

February 24  (Friday)

Equities
Dow Hits 10th Straight Daily High as Dollar Slips: Markets Wrap (B)
Nasdaq Slips as Biotechnology Shares Decline (W)
Aramco: Saudi Arabia’s Oil Wealth Is About to Get a Reality Check (B)

Bonds
Mnuchin’s Ultra-Long Bond Chatter Sends Treasuries Curve Steeper (B)
Treasury eyeing issue of 100-year US government debt (FT)
Can You Make Money in a Euro Collapse? (W)

Central banks
Fed Eyes Aggressive Rate Increases (W)

US
How Our Expectations of Weak Economic Growth May Have Helped Cause It (W)
Landlords Are Taking Over the U.S. Housing Market (B)

Europe
ECB Warns of a Europe of `Small Countries’ If Populism Triumphs (B)

China
Pimco Says China Needs to Get Tougher in Cat-and-Mouse Debt Game (B)
China Shakes Up Economic Team as Power Shift Looms (W)

US politics
Treasury Secretary Mnuchin Sees Tax Overhaul by August (W)
Border-Adjustment Tax Divides Energy Sector (W)
Trump is reportedly putting off one of his biggest economic promises until next year (BI)
Copper is tumbling following a report that Trump will wait on infrastructure spending (BI)
Business Leaders Send Trump Their Deregulation Wish List (W)
Bannon: ‘Every Day Is Going to Be a Fight’ (W)
Homeland Security Head: No Military Force on Migrants (W)

Geopolitics & trade
US retreats from Trump pledge on China currency (FT)
Trump says he can’t find any country the US has a trade surplus with — here they are (BI)
U.S. Official’s Diplomatic Line in Mexico Differs From Trump (W)
Trump Deportation Plan Dominates Mexico Trip by Kelly, Tillerson (B)

Industries & companies
Airlines: The $65 European Airfare Is Coming to the U.S. (B)
Autos: Renault-Nissan’s Problem: There’s Only One Ghosn (W)
Energy: Exxon Caves to Oil Crash With Historic Global Reserves Cut (B)
Financials: Barclays Swings to Profit as Sweeping Overhaul Nears End (W)
Industrials: Trump Love Can’t Save Caterpillar or U.S. Steel From Slump (B)
Industrials: Where Are The Toilets? Order Glut Stretches Giant Jet Makers to Limit (W)
Mining: Glencore swings back to profit in 2016 (FT)
Retail: Nordstrom Tightens Belt to Deal With Department-Store Slump (B)
Tech: HP Enterprise Posts Steep Revenue Drop, Lowers Outlook (W)

Corporate finance
Viacom debt deal turns spotlight on Trump tax plan (FT)

Offbeat
Gary Cohn to Recuse Himself From Goldman Sachs Matters (B)
Olympics in ‘Crisis’ as Just Two Cities Vie to Host Summer Games (B)