wiar 4-21-17

Mary FanslauWhat I Am Reading

April 21 (Friday)

Stocks Gain on Upbeat Earnings (W)
U.S. Stocks Jump on Tax Bets as Treasuries Slump: Markets Wrap (B)
Rattled Investors Seek Shelter Amid Global Tensions (W)
China bond party attracts few takers (FT)

Central banks
The Fed’s Sticking to Its Rate-Hike Plan Despite Soft Patch (B)
Trump Signals Provide Comfort to Central Bankers, Finance Ministers (W)
Governor Jerome H. Powel Speech (FRB)

World Economic Outlook April 2017

YRI Press: Bank lending is rolling over, giving economists some ‘hard’ data to worry about (C)
The Changing Economics and Demographics of Young Adulthood From 1975 to 2016 (Census)
A Quarter of Millennials Who Live at Home Don’t Work — or Study (B)
Millennials aren’t job-hopping any faster than Generation X did (Pew)
U.S. Farmers, Who Once Fed the World, Are Overtaken by New Powers (W)

French campaign reaches climax with all to play for (FT)
Le Pen Rise Before French Vote Fueled by Industrial Malaise (W)

US politics
Mnuchin Says Tax Overhaul Plan Will Still Happen by Year’s End (B)
White House, GOP Leaders at Odds Over Obamacare Vote Plans (B)
Insurers Offer Early Sign of ACA Exchange Plans for 2018 (W)
Democrats Reload for Georgia Runoff, But Party Divisions Remain (W)

Geopolitics & terrorism
Trump Launches National-Security Probe on Steel Imports (W)
Trump moves towards imposing steel import tariffs (FT)
South Korea Tells Trump It Has Never Been Part of China (B)
Paris Police Say Officer and Attacker Shot, Killed (B)

Industries & companies
Autos: Tesla Recalls 53,000 Cars to Replace Faulty Parking Brakes (B)
Autos: Tesla Sued Over ‘Dangerously Defective’ Autopilot Software (B)
Financials: BlackRock’s AUM tops $5.4tn for first time amid record ETF flows (FT)
Industrials: GM Ceases Venezuela Operations After Plant Is Seized (W)
Retail: Wal-Mart Steps Up Price War, Boosts Pressure on Big Grocers (W)
Wireless: Verizon Loses Core Wireless Customers For First Time (W)

Robots are pretty bad at value investing (BI)