wiar 4-28-17

Mary FanslauWhat I Am Reading

April 28 (Friday)

Markets Think Trump Speaks Loudly But Carries No Stick (W)
Stocks reined in by doubts over US tax reform (FT)
Bankers Use Trump Rally to Cash Out (W)
ETFs Are ‘Weapons of Mass Destruction,’ FPA Capital Managers Say (B)

Why Some Investors Are Betting the High Yield Party Is Over (B)
Behind the 2017 Bond-Market Rally (W)

Saudi Aramco CEO Says Peak Oil Demand Is a Misleading Theory (B)
Shale revolution casts shadow over longer-dated US oil futures (FT)
Iraq to break with tradition in debut oil auction (FT)

Central banks
Draghi Sees Solid Recovery While Inflation Concern Remains (B)

U.S. Durable Orders Edged Up In March (W)
Homeownership Ready to Rise After Hitting an All-Time Low (B)
Fannie and Freddie, Back in the Black (B)
Millennials Will Aspire to Elected Office, Not Startups (B)

Angry French voters muscle into the picture (FT)
Macron offers patriotic antidote to nationalism (FT)
Merkel warns Britain over Brexit ‘illusions’ (FT)

China’s short-term money market rate hits 2-year high (FT)
[China] Venture-Capital Quandary: Too Much Money Chasing Too Few Ideas (W)

US politics
Trump’s ‘Massive’ Tax Plan: One Page, Many Unanswered Questions (B)
CEOs Salivate Over Trump’s Tax-Cut Plans, Vague as They May Be (B)
Here’s What Wall Street Is Saying About Trump’s Tax Plan (B)
On Trump Tax Play, Watch What You Wish for, Drillers Warned (B)
Next Tax Battle: Trump’s Bid to Ax a Favorite Blue State Deduction (W)
Trump Tax Cuts Don’t Solve Tech’s Massive Overseas-Cash Problem (W)
Trump Tax Cut: Pro-Business Or Pro-Scams? (W)
House GOP ‘Struggling to Get to Yes’ on Revived Obamacare Repeal (B)
Obamacare Customers Left Without Options as Insurers Bolt (B)
Loyalists See Course Correction Amid Tumult (W)

Geopolitics & trade
Putin Warns North Korea Situation Has ‘Seriously Deteriorated’ (B)
Trump Says Nafta Partners Persuaded Him to Stay in Trade Pact (W)
Explosion Rocks Damascus Airport (W)

Industries & companies
Airlines: United Reaches Settlement With Passenger Dragged Off Flight (W)
Airlines: Southwest To End Overbooking on Flights By June (W)
Amazon: Amazon Posts Bigger-Than-Expected Increase in Profit (W)
Amazon: Amazon is worth so much because AWS is tech’s true unicorn (MW)
Autos: US car sales slow while Europe picks up (FT)
Autos: Ford’s Profit Falls 35% (W)
Financials: Deutsche Bank Woos Back Clients After Torrid Year (W)
Restaurants: Starbucks slides after a key measure of sales misses expectations (BI)
Tech: Microsoft’s quarterly profit rises 27.8 percent (R)
Tech: Google parent Alphabet’s profit soars on strong ad sales (R)
Tech: Samsung, Facing Calls for a Shake-Up, Offers ‘Plan B’ (W)
Telecom: Verizon Invests in Self-Driving Car Startup Renovo (W)

We’re Getting Closer to Mass Production of Bones, Organs, and Implants (B)

Working From Home? Developers Seek to Help (W)
Pentagon Opens Probe Into Flynn’s Foreign Payments (W)