wiar 3-02-17

Mary FanslauWhat I Am Reading

March 02  (Thursday)

Markets
Investor Euphoria Has Stocks Set to Race Past Fair Value (B)
Dow Surges 303 Points to Top 21000 (W)
Traders are sending a warning that the stock-market rally is running out of steam (BI)
Retail stocks, ‘decimated’ by tech, could fall even further (C)
Investors back French banks over government debt (FT)

Oil
Oil inches up as OPEC sticks to output pledges (R)

Central banks & inflation
Fed’s Brainard Says Rate Hike Likely Appropriate `Soon’ (B)
Beige Book
Inflation Ticks Up Around the Globe (W)

US
Mortgage applications surge 5.8 percent, as rates briefly dip (C)
Video: Why are so many American men not working? (Brookings)

Europe
Juncker suggests return of powers to states (FT)
Fillon Stays in French Election Race Despite Facing Charges (B)
Fillon’s chances gored as formal probe launched (FT)
London’s ‘Cheesegrater’ Sold to China Firm for $1.42 Billion (W)

China
Pimco, BlackRock and Mobius’s Predictions for China in 2017 (B)

US politics
Trump’s Softer Tone Masks Hard Road Ahead for Agenda in Congress (B)
Breaking Down the Speech by Topic (W)
U.S. Commerce secretary says Trump did not endorse border tax plan (R)
Trump and health care: President gives Congress five principles for Obamacare replacement (C)
Trump Backs Tax Credits To Replace Health Law (W)
The Next Dilemma of the Republican Tax Overhaul: Pass-through Business Income (W)
White House to Kick Off Infrastructure Planning Thursday (B)
Trump’s spending plan tests the soul of his party (FT)

Geopolitics & trade
Trump is (still) spoiling for a trade war (CNN)

Industries & companies
Autos: Tesla’s China Sales Triple to More Than $1 Billion (B)
Financials: Bridgewater’s Dalio Stepping Down as Co-CEO of Hedge Fund (W)
Financials: Even Bankers Are Feeling More Upbeat About Banks (W)
Financials: Wells Fargo Warns a Deeper Review May Uncover More Bogus Accounts (B)
Retail: Lowe’s forecasts 2017 sales ahead of estimates; shares up (R)
Retail: Why Costco Bucks the Retail Malaise (W)
Retail: Best Buy shares slip 5 percent as revenue, outlook fall short (C)
Restaurants: McDonald’s Decides to Embrace Fast-Food Identity (W)
Tech: YouTube Unveils Subscription Television Service (N)

Corporate finance
Snap Raises $3.4 Billion, Pricing Shares in IPO Above Range (B)
The private equity party is overcrowded
SEC freezes accounts in SoftBank-Fortress inquiry (FT)

Technology
Video: Boston Dynamics: Introducing Handle the Robot

Offbeat
Denmark: Welfare Icon Now Wants People to Take Care of Themselves (B)
Coding Boot Camps Band Together to Boost Accountability (W)