wiar 2-28-17

Mary FanslauWhat I Am Reading

February 28  (Tuesday)

Markets
Trillions of Dollars Are at Stake When Trump Speaks to Congress (B)
Infrastructure Stocks Climb After Trump Pledges to Spend ‘Big’ (B)
Stocks Tick Higher, Led by Energy and Financial Shares (W)
A New Way to Look at Crazy Stock Valuations (W)
Tudor Jones’ New Hedge Fund Pitch: Low, Low Prices (W)
Gold bulls bet on uncertainty over US stimulus (FT)
French bonds enjoy best run since Brexit vote (FT)

Central banks
Fed’s Kaplan Says FOMC Shouldn’t Overread Market Expectations (B)

US
Aircraft Sales Boosted U.S. Durable-Goods Orders in January (W)
Pending Purchases of U.S. Existing Homes Unexpectedly Decline (B)
As Wall Street Thrives, America’s Little Guy Chokes on Paperwork (B)

Europe
Eurozone Business Confidence Grows Despite Impending Elections (W)
Le Pen, Trump and the Atlantic counter-revolution (FT)

China
Corporate China hits global debt market milestone (FT)
China Gives Foreign Bond Investors Help With Hedging (W)

US politics
Trump: Nobody Knew Health Care Could Be So Complicated (B)
Trump Promises ‘Something Special’ on Health Care Before Speech (B)
GOP Leaders Dare Republicans to Block Obamacare Repeal Bill (W)
Trump to Propose 10% Defense Increase in Budget Plan, Aides Say (B)
Trump wants $54bn increase in military spending (FT)
Buffett Sees Republicans Needing to Dial Back Tax Plan Ambitions (B)
GE’s Immelt urges Trump deregulation and tax reform (FT)
Senate Poised to Confirm Ross (W)
As Trump Heads to Congress, Polarization Is Hardening (W)
Slight Majority of Americans Sees Media as Too Tough on Trump, Poll Finds (W)
Indian Workers in U.S. Fear a Trump H-1B Crackdown (W)

Geopolitics & trade
Mexico Warns It’ll Cut Off Nafta Talks If U.S. Proposes Tariffs (B)
Trump team looks to bypass WTO dispute system (FT)

Industries & companies
Financials: US banks hit brakes on lending after election (FT)
Financials: AIG Directors Weigh Consequences for CEO After Big Setback (W)
Financials: ETFs Provide Some Good News at Deutsche Bank (W)
Industrials: GE Chief: Globalization Isn’t Over, It Is the End of the ‘Global Elite’ (W)
Materials: Teck Bullish on Coal, But Not Enough to Add Production Capacity (B)
Retail: Two Retailers, One Big Worry (W)
Tech: YouTube Tops 1 Billion Hours of Video a Day (W)
Tech: Berkshire Hathaway More Than Doubles Apple Stake (W)

Corporate finance
Tech Startup Market Sinks to Lowest Point in Three Years (B)
Private equity outbid by cash-rich buyers on deals (FT)
FCC Chairman Doesn’t Expect to Review AT&T-Time Warner (W)

Technology
Supersmart Robots Will Outnumber Humans Within 30 Years, Says SoftBank CEO (W)
Amazon’s Alexa assistant is gaining ‘skills’ at a tremendous rate (BI)

Offbeat
WHO raises alarm over drug-resistant superbugs (FT)
Man Who Moved Oil With His Words Won’t Talk About It Anymore (B)
PwC Partner Tweeted Minutes Before Oscar Best Picture Mix-Up (W)