wiar 4-05-17

Mary FanslauWhat I Am Reading

April 05  (Wednesday)

Markets
S&P 500 Falls, Hit by Decline in Financial Shares (W)
U.S. Companies Expected to Post Strongest Quarter Since 2011 (W)
Convertibles bonds catch a ride on equity rally (FT)
European Debt’s Biggest Buyer Becomes Its Biggest Risk (W)
China fund-of-funds industry beginning to blossom (P&I)

Oil
China Surpasses Canada as Top Buyer of U.S. Crude (B)
Oil’s seaborne picture suggests Opec cuts taking effect (FT)

Global
Global debt has hit an eye-watering $215 trillion (BI)
Demographics are destiny (Blackrock)
Reinvigorating Productivity Growth (IMF)

US
U.S. Trade Gap Shrinks as Exports Rise (W)
Housing Boom Is Anything But as Ownership Loses Appeal (B)
U.S. Factory Activity Continued to Expand in March (W)
Young Americans Are Killing Marriage (B) I Report
Wage Stagnation in the U.S. Might Not Be As Bad as You Think (B)

Europe
DIMON: We fear the EU will split apart, and it could have ‘devastating economic and political effects’ (BI)
May hints at no final EU trade deal before Brexit (FT)
Europe’s New Safe Haven: German Real Estate (W)
Are Migrants a Burden or Boon to the German Economy? It Could Depend on the Skills Gap (W)

US politics
White House Pushes New Health-Care Deal (B)
Ryan’s Border Tax Is on the Ropes (B)
Trump Is Ready for Tax Cuts, but His Treasury Department Isn’t (N)
Rice Says Unmasking Is Necessary, Different Than Leaking (W)
‘Absolutely false’: Top Obama adviser denies she ‘unmasked’ Trump associates for political purposes (BI)
Supreme Court Filibuster? A Mirage Since 2013 (B)
U.S. Considers Far-Reaching Steps for ‘Extreme Vetting’ (W)
Trump Administration Reopens H-1B Program, With a Twist (W)

Geopolitics & trade
Wilbur Ross: Trump will make trade fair again (FT)
Kushner Tells Iraqis That Alliance Should Endure for ‘Many Generations’ (W)
South Korea Talks Tougher on China Retaliation (W)
U.S. and China, Sniping in Public, Try to Lower the Volume in Private (W)

Industries & companies
Airlines: Boeing Agrees to First Plane Sale to Iran Under Trump (W)
Autos: Carmakers Post Surprise Declines as Discounts Fail to Buoy Sales (B)
Autos: U.S. Car Demand Collapse Jeopardizes Trump’s Auto Factory Push (B)
Financials: Jamie Dimon: Time to ‘Open Up the Rulebook’ (W)
Media: Google to Allow ‘Brand Safety’ Monitoring by Outside Firms (W)
Retail: Retailers Drop as Bad News Keeps Piling Up on 2017’s Worst Stocks (B)
Retail: Ralph Lauren to Close One of Its Main New York Stores (W)
Retail: Why Contrarians Won’t Clean Up in Bed Bath & Beyond (W)

Corporate finance
Sluggish US IPOs need more than a new Jobs Act (FT)
Staples Explores Sale After Failed Office Depot Deal (W)
A European company you’ve never heard of might buy Panera (BI)

Technology
Meet Sally, the Robot Who Makes Perfect Salads (B)
Fear of Automation’s Dark Side Leads to Calls for Action (W)
Banks Turn to Virtual World to Modernize Commodities Trading (W)

Offbeat
Dimon’s Annual Letter: Key Takeaways on Brexit, Tech and Taxes (B)
Fox News faces fresh financial and legal pressure (FT)