wiar 3-29-17

Mary FanslauWhat I Am Reading

March 29  (Wednesday)

Why long-term U.S. stock returns look dismal (MW)

Central banks
Fischer: Two More 2017 Rate Hikes Seem About Right (B)
Yellen Calls for Better Public Education, Workforce Development Programs (W)

There’s been a ‘stunning’ shift in the US economy since Trump’s election (BI)
U.S. Home Prices Rise at Fastest Pace in 31 Months (W)
Consumer confidence hits 16-year high in boost to economy (R)
‘Deep Subprime’ Auto Loans Are Surging (B)

U.K. Government Rejects Move for Another Scottish Independence Vote (W)

Swipe by Swipe, Chinese Smartphone Users Flock to Risky Investments (W)

US politics I
Trump Sweeps Away Climate Rules Vowing ‘New Energy Revolution’ (B)
Trump Sets Stage for Power Market Fight With Climate Rollback (B)
Despite Climate-Change Move, Firms to Still Shift Away From Coal (W)
Exxon urges Trump to keep US in Paris climate accord (FT)

US politics II
Republicans’ Tough Call on Taxes: Quick, Short Yardage or Hail Mary? (W)
Trump Can Still Wreck Health Care (B)
Obamacare’s Not Exploding, But There Are Some Rough Spots (B)
Kansas GOP-Led Legislature Approves Medicaid Expansion (W)

US politics III
GOP attorneys general target rival Democrats (R)
Sanctuary City Mayors Vow to Protect Immigrants (W)
Police Forces Hope to Deploy Military Gear Obama Banned (W)
No one seems to buy Devin Nunes’ explanation for why he was at the White House last week (BI)
Ryan Backs Nunes After Intelligence Chairman Rejects Recusal Calls (B)
Justice Department Discouraged Yates Testimony on Russia (W)

Geopolitics & trade
Planned Russian Exercises Sow NATO Worries (W)
Iran Mends Fences With Gulf States as U.S. Tensions Grow (W)
Russian, Iranian Leaders Tout Stronger Ties (W)

Industries & companies
Autos: Tesla Gets Backing of Chinese Internet Giant Tencent (W)
Retail: Amazon Launches Grocery Pickup Stores in Seattle (W)
Weed: The market’s first marijuana-themed ETF could start trading next week (MW)

Amazon’s shopping spree at business schools (FT)
Bill Gross and Pimco Settle Suit Over His Ouster (N)