wiar 4-22-17

Mary FanslauWhat I Am Reading

April 22 (Saturday)

Markets
US equities the boldest contrarian trade right now (FT)
Investors Unmoved by Auto Results (W)
France’s Two-Round Vote Spells Period of Volatility for Markets (W)

Oil
Oil Falls Below $50 as Surging U.S. Output Undermines OPEC Cuts (B)

Central banks
Fed’s Fischer Says Two More 2017 Hikes Still Feels Right (B)
Fed Intensifies Balance-Sheet Discussions With Market Players (B)
The Fed must be clearer on its balance sheet plan (FT)

Global
Global economy: Spring breaks through a political storm (FT)

US
Sales of Existing U.S. Homes Rise to Fastest Pace in a Decade (B)
Ritholtz: Be Smart When You Compare Reagan’s Economy to Obama’s (B)

Europe
EU watches French vote with bated breath (FT)
French Presidential Candidates Take Positions on Attack (W)
French electorate bewildered by campaign twists (FT)
Why Le Pen is the choice of ‘unhappy France’ (FT)
France Fires Up Eurozone Economy Ahead of Presidential Poll (W)

China
China Should Open Service Sector to Boost Trade Flows, IMF Says (B)

US politics I
Trump says he plans tax reform announcement on Wednesday (R)
White House Banks On Sweeping Tax Plan (W)
Need Revenue? Try Slashing the Capital Gains Tax Rate (W)
Squabbles that sank health plan once could do it again (R)
In ‘Buy American’ Push, Trump Is Starting in a Hole (W)
Border Lawmakers Balk at Trump’s Wall Request (W)

US politics II
Trump To Put Two Dodd-Frank Powers on Hold in Symbolic Move (W)
Banks and Borrowers Are Waiting on Washington (W)
Too Many Questions on Too Big to Fail (W)
Fannie-Freddie Overhaul Is ‘Very Important’ Goal, Mnuchin Says (B)

Geopolitics & trade
U.S. Denies Exxon Bid for Waiver on Russia Sanctions (W)
In China, U.S. Steel Move Is Seen as Self-Destructive (W)
China’s Secret Weapon in South Korea Missile Fight: Hackers (W)
U.S. Defense Chief Mattis: ‘No Doubt’ Syrian Regime Has Chemical Weapons (W)

Industries & companies
Airlines: Airlines Bolster First Class, Skimp on Economy (W)
Autos: Ford CEO reveals his company’s plan to get cars to hit 54 miles per gallon by 2025 (BI)
Autos: In Japan, Technology Helps Seniors Hit the Brakes, Not the Gas (W)
Retail: Bebe to Close All Stores (W)
Retail: U.S. Retailers Face Growing Hostility From Suppliers (B)
Retail: Desperate Malls Turn to Concerts and Food Trucks (B)
Tech: Galaxy S8 Complaints Throw Shade on Samsung’s U.S. Launch (W)

Offbeat
‘It is lonely at times’: The power of Princess Kate and the royal family’s vulnerability (WP)
Musk Lays Out Plans to Meld Brains and Computers (W)