wiar 3-04-17

Mary FanslauWhat I Am Reading

March 04  (Saturday)

Growth momentum is fuelling the rally, not Trump (FT)
One of the hottest Trump trades is about to soar even higher: Strategist (C)
If Trump fails to deliver on a corporate tax cut, expect a 10-15% correction, says expert (C)
Investors Are Shunning Hedges in the Trump Rally, Goldman Sachs Says (B)
Fed Hawks Have Markets Already Gaming 2018 (B)
ETFs Race to Fastest Yearly Start (W)
World’s Biggest Pension Fund Posts Record $92 Billion Gain (B)

Central banks
Yellen Speech: From Adding Accommodation to Scaling It Back
Yellen Says March Hike ‘Likely Appropriate’ If Progress Persists (B)
Fischer Speech: Monetary Policy: By Rule, By Committee, or By Both?
Federal Reserve releases examples of new charts that illustrate uncertainty around projections
Draghi should resist calls to prepare exit from QE (FT)
Pressure on ECB as eurozone inflation hits 4-year high (FT)

The global manufacturing sector is back (BI)

U.S. Service-Sector Activity Expanded to Highest Level in More Than a Year (W)
Consumers May Have Cut Back in February. Here’s Why You Shouldn’t Worry (W)

Goldman Sachs Is Skeptical About a Big Profit Rebound in Europe (B)
Fillon’s support drains away within own party (FT)
Greece Approaches World Bank for $3 Billion Loan (W)

Japan returns to inflation for first time since 2015 (FT)

Morgan Stanley is really bullish on China, here’s what’s behind the contrarian call (C)
Xi Jinping, Seeking to Extend Power, May Bend Retirement Rules (N)

Peso climbs after Wilbur Ross talks of currency stabilisation ‘mechanism’ (FT)
These Mexican Companies Are Reaping the Rewards of a Weak Peso (B)
Mexican Central Bank’s Peso Support Is Gift to Biggest Companies (B)

US politics
Chasing leaks fuels paranoia in Washington (R)
Jeff Sessions Used Political Funds for Republican Convention Travel (W)
With Sessions sidelined, prosecutor Obama promoted would oversee Russia probes (C)
In Short Supply in Trump’s Cabinet: Lawyers (W)
Democrats ask if the Oprah effect can beat Trump (FT)
The GOP’s secret plan to repeal Obamacare won’t work (BI)
House Committee Aims to Reshape Medicaid Program (W)
Trump’s EPA budget proposal targets climate, lead cleanup programs (R)

Geopolitics & trade
Trump says wants defense buildup to project U.S. power abroad (R)
Trump’s ‘bromance’ with Russia’s Putin appears to be cooling (R)
Trump’s Russia ties leave Washington puzzled (FT)
Sergey Kislyak, Russian Envoy, Cultivated Powerful Network in U.S. (N)
China hints at trade war strategy in South Korea standoff (R)
Nafta Has Room for Improvement, Mexico’s Economy Minister Says (B)
Hundreds of Firms Vie to Build Trump’s Border Wall (B)
Syria Talks End With Little Progress (W)
US military test shows the A-10 ‘Warthog’ can obliterate the small boat swarms that Iran uses (BI)
Young Palestinians give up on two-state solution (FT)
The nerve agent used to kill Kim Jong Nam is lethal to touch — here’s how his suspected assassins survived (BI)

Industries & companies
Aerospace: More Than 1,800 Boeing Employees Accept Voluntary Buyouts (W)
Autos: Tesla Responds to Bloomberg News Story on Management Departures (B)
Energy: Canada Says No Big Hurdles Remain for Keystone Approval (B)
Financials: Deutsche Bank Is Nearing a Plan to Boost Capital by $10.6 Billion (B)
Financials: Hedge-Fund Swagger Sinks Along With Profits and Fees (B)
Health Care: Trump’s Obamacare reforms hang over health stocks (FT)
Industrials: U.S. authorities raid Caterpillar’s Illinois facilities (R)
Retail: Retailers Had a Dismal Christmas. Now Comes Ryan’s Import Tax (B)
Retail: Costco to Raise Membership Fees as Costs Dent Profit (W)
Tech: Facebook Intensifies Hunt for TV-Like Video Programming (W)

Amazon looks to universities in artificial intelligence race (R)
Japan worker shortage has one winner so far: robots (FT)

The CEO of the world’s biggest ad company says Amazon keeps him up at night (BI)
Behind the Bridgewater Shakeup: Ray Dalio’s Unorthodox Culture (B)
Pimco’s New Bond Chief Is Nailing It (B)
Tom Hanks keeps White House press corps caffeinated (C)