wiar 3-16-17

Mary FanslauWhat I Am Reading

March 16  (Thursday)

Markets
The Fed just hiked rates for the 3rd time — that has a history of signaling a ‘major cyclical top for stocks’ (BI)
With no recession on the horizon, we’re full speed ahead, Doubleline’s Gundlach says (C)
Goldman Turns Cautious on Stocks as Fed Threatens to Upset Calm (B)

Oil
Oil at $40 No Problem as U.S. Drillers Snub OPEC With Hedges (B)
Opec faces quandary as cuts fail to prop up prices (FT)

Central banks
Fed Raises Benchmark Rate as Inflation Approaches 2% Target (B)
Here’s what changed in the new Fed statement (C)
The Fed maintains 2017, 2018 rate forecast (C)
The Fed’s New Dot Plot (B)
Fed chief Yellen says stock gains figured into thinking on interest-rate hike (MW)
Janet Yellen just took on the Fed’s $4.5 trillion question (C)
Economic Scene: Fed’s Challenge, After Raising Rates, May Be Existential (N)

US
U.S. retail sales weakest in six months, inflation firming (R)

Europe
Francois Fillon placed under formal investigation (BBC)

China
Remark by China Premier Li Keqiang Stirs Questions About His Future (W)

Japan
Japan’s 7% Raise for Part-Time Workers Signals Wage Pressure (W)

US politics
Ryan to Stick With GOP Obamacare Bill Despite CBO Estimate, Aide Says (B)
GOP Senators Say Health Bill Won’t Pass Unless Changed (W)
Trump loyalists sound alarm over ‘RyanCare,’ endangering health bill (WP)
Trump to Nominate Goldman Banker to No. 2 Treasury Post (W)
Prerequisite for Key White House Posts: Loyalty, Not Experience (N)
House intel committee: No evidence that Obama wiretapped Trump Tower’ (BI)

Geopolitics & trade
Turkey vows to mobilize Islamic world against Euro-fascism
The US may send 1,000 troops to fight ISIS in Syria (BI)
Espionage risk to US heightened as China’s military presses its domestic tech firms (C)
Trump’s Top Trade Adviser Quietly Seeks an Alliance With Mexico (B)
Russian Spy Agents Accused by U.S. of Masterminding Yahoo Hack (B)

Industries & companies
Autos: Trump Answers Auto Industry Call for Review of $33 Billion Rules (B)
Energy: Energy companies feeling pain from Saudi Arabia production and low oil prices (C)
Financials: Trump and Fed are throwing a party for banks (NN)

Technology
Google’s Schmidt Flags Promise in New Goodenough Battery (B)

Offbeat
Manhattan Residential Real-Estate Market Heats Up (W)