wiar 3-03-17

Mary FanslauWhat I Am Reading

March 03  (Friday)

Markets
Skeptical Wall Street Strategists Undone by Market Rally (W)
US share buybacks punch below their weight (FT)
Esoteric ETFs boost number of passive US funds (FT)

Central banks
Video: Ed Yardeni Says Fed Realized They Achieved Their Mandate (B)
Businesses are expecting inflation to rise in the coming months, Fed’s Beige Book says (BI)
Pressure on ECB as eurozone inflation hits 4-year high (FT)

US
U.S. Jobless Claims Lowest Since March 1973 (W)
US auto sales rise less than forecast in February (BI)
Ageism Thwarts Policies to Boost the Senior Workforce, Study Finds (W)

Europe
Europe starts to think the unthinkable: break-up (FT)
French Twist: Here’s How Investors Are Playing ‘Frexit’ (W)
Le Pen Stripped of Immunity in ISIS Twitter Case (W)
How education level is key predictor of Wilders support (FT)

China
China’s Xi Positions Allies for Transition Battle (W)
Six Chinese Billionaires Spring Up With Delivery Fortunes Worth $47 Billion (B)

US politics
Trump’s $1 Trillion Infrastructure Dream Faces the Same Old Nightmares (B)
‘Secret’ Obamacare Plan Leads Lawmakers on Hunt Across Capitol (B)
Trump muddies the waters on import tax plan (FT)
Trump’s World Increasingly Shaped by Fox News, and Fox by Trump (B)
Fox CEO Worried About Dismissal of Negative Stories as Fake News (B)

To Russia with Love
Trump Taps Ex-Intelligence Officer, Putin Critic for NSC Post (W)
Sessions Recuses Himself From Russia Inquiry (N)
With Sessions Under Fire, Trump Faces Threat to His Inner Circle (B)
Donald Trump Jr. Was Likely Paid to Speak at Pro-Russian Group’s Event (W)
Has Trump Already Sidelined His Secretary of State? (B)

Industries & companies
Defense: Lockheed’s Satellite Boost System Is Under U.S. Air Force Review (B)
Financials: World’s Biggest Banks Fined $321 Billion Since Financial Crisis (B)
Financials: Goldman’s $3 Billion Drop in the ETF Bucket (W)
Industrials: Caterpillar Shares Plunge After Federal Agents Raid Its Offices (B)
Retail: In Retail’s Slump, Saks Looks to Woo Guys with DJs, Putt-Putt Golf (B)
Tech: Twitter Adds More E-Sports to Live-Streaming Efforts (W)

Corporate finance
Snap Shares Soar in Heavy IPO Trading (W)
Snapchat’s two 20-something founders are each worth ~$4 billion (BI)
Snapchat already has a “sell” rating, and the analyst thinks it will crash 58% (BI)
Lyft Seeking At Least $500 Million in New Funding (W)

Technology
AI Scientists Gather to Plot Doomsday Scenarios (and Solutions) (B)
Self-Driving-Truck Startups Race to Take On Uber (W)
Amazon Says Employee Error Caused Tuesday’s Cloud Outage (B)

Offbeat
Bitcoin climbs above gold for the first time (BI)