wiar 4-26-17

Mary FanslauWhat I Am Reading

April 26 (Wednesday)

Markets
U.S. Stocks Rise, Driven by Earnings (W)
The French Election Made Stocks Great Again (W)
Nasdaq Composite Tops 6000 for First Time (W)
Einhorn’s Greenlight Warns of Bubble With Tax Reform Prospects Fading (B)
There’s a Huge Disagreement Between Bonds and Stocks (B)
Hasenstab Says Treasuries Are Bubble Set to Burst as Yields Rise (B)

Central banks
Bank of Japan Sends Message: Don’t Expect Higher Rates (W)

US
U.S. New Home Sales Up 5.8% in March (W)
Rising Home Prices Raise Concerns of Overheating (W)
U.S. Consumer Confidence Falls — Conference Board (W)
Where College Seniors Are Falling Short (W)
The U.S. Makes It Easy for Parents to Get College Loans—Repaying Them Is Another Story (W)

Europe
French Election Will Signal Nation’s Commitment to Economic Overhauls (W)
Marine Le Pen’s Bid to Lead France Hinges on Low Turnout (W)

China
China Markets Reel as $1.7 Trillion in Shadow Funds Unwinds (B)
China Markets Stress Hits Bonds (W)

US politics
Trump to Seek 15% Tax Rate on Owner-Operated Firms (W)
Trump Seems to Retreat on Shutdown, But Secret Spending Bill Still Looms (B)
Americans’ Dissatisfaction With Paul Ryan, Congress Is Growing (W)
Flynn’s Secret Foreign Ties May Have Broken Law, Chairman Says (B)

Geopolitics
Trudeau’s Reward for Courting Trump Is a Trade War on Lumber (B)
Ross Says U.S. Would Welcome New Canadian Lumber Proposal (B)
Russian hackers targeting Macron, say cyber experts (FT)
North Korea Sanctions Unevenly Enforced, U.S. Says (W)
Ivanka Trump Gets Cool Reception in Berlin (W)

Industries & companies
Consumer: Coke to Cut 20% of Corporate Staff as It Battles Soda Slump (W)
Energy: The Electric-Car Boom Is So Real Even Oil Companies Say It’s Coming (B)
Energy: Liquefied Natural Gas Is All the Rage in the Trump Administration (B)
Industrials: Caterpillar Turns Corner, Boosts Outlook (W)
Media: Netflix Secures Portal Into China via Baidu-Unit Deal (W)
Pharma: Corporate Feud Exposes Big Profits on Drug Sales (W)
Retail: Retailers’ Call Centers Bring Life to Dead Mall Space (W)
Tech: Google Retools Search Engine to Demote Hoaxes, Fake News (W)
Tech: Apple Car Races to Catch Up (W)
Telecom: Verizon, AT&T in Billion-Dollar Bidding War for 5G Spectrum (W)

Technology
Uber Plans to Test Flying Cars Within Three Years (W)