wiar 5-08-17

Mary FanslauWhat I Am Reading

May 08 (Monday)

Markets
The Stock-Buyback Jig Is Up (BR)
Bogle Says If Everybody Indexed, Markets Would Fail Under Chaos (B)
The doctor is in: Yardeni diagnoses stock market with ‘anxiety’ disorder (C)
Stocks are stuck in a ‘Seinfeld market’ (BI)

Oil
Oil Closes Near $46 as Shale Revival Cancels Out OPEC Efforts (B)
Goldman says oil prices on the brink of ‘capitulation’ (MW)

Central banks
Analysis: Report Keeps Fed on Track for Likely June Move (W)
Fed’s Williams Stands by Hike Outlook as Unemployment Drops (B)
Fed’s Williams sees balance sheet as future policy tool (R)
Janet Yellen’s Long, Personal Speech on Women and Work (B)
Global markets face uphill struggle as China, US tighten policy (AFR)

US
Businesses Struggle to Find Workers (W)
Labor Shortage Squeezes Builders (W)
Don’t Shrug Off Puerto Rico Risks (BR)

France
Macron sweeps to victory in France elections (FT)
Macron Vows to Heal France’s Divisions After Victory Over Le Pen (B)
Relief in Europe but Macron must consolidate win (FT)
Macron Wins: Now Can Europe Do What Investors Want? (W)
Macron’s ‘New Deal’ for Europe Faces Old German Doubts (W)

China
China Forex Reserves Swell to $3.03 Trillion, Beating Forecasts (W)
China to further tighten its internet controls (R)
World Bank warns of China debt risk from backdoor local borrowing (FT)

US politics
Senate Tackles Rewrite on GOP Health-Care Bill (W)
‘No District Is Off the Table’: Health Vote Could Put House in Play (N)
Yates Testimony to Shine Public Light on Russia Probes (W)
FBI found email that Lynch would do everything she could to protect Hillary from Criminal Charges

Geopolitics & terrorism
U.S. Pressures Abbas to End Controversial Family Payments (W)
For Arab Gulf States, Israel Is Emerging as an Ally (W)
Nigeria exchanges 82 Chibok girls kidnapped by Boko Haram for prisoners (R)

Industries & companies
Amazon: Amazon’s Next Move (BR)
Health care: How US health care stacks up against the world (NN)
Retail: The Amazoning of American Retail (BR)
Retail: Who Says Retail Employment Is Dying? (BR)
Tech: Our Favorite Security Blanket: Big Tech (BR)
Tech: Buffett Says IBM Thesis Was Flawed, Blew It on Google (B)
Tech: Strategies: The Fabulous Apple Cash Machine (N)

Corporate finance
As IPOs Pick Up, Big Startups Hold Out (W)

Buffett
Buffett Says Money Spent on Plumbers Better Than on Hedge Funds (B)
Buffett assails Wells Fargo, defends 3G at wide-ranging meeting (R)
Buffett Laments ‘Roadkill’ Who Lose Jobs, Says U.S. Must Help (B)

Offbeat
Eleven Madison Park is the best restaurant in the world — here’s what the 11-course tasting menu looks like (BI)
Retiring: The ‘Best’ Places to Move in Retirement? They’re All Over the Map (N)
Stephen Colbert’s Diatribe Against Trump to Be Reviewed by FCC (B)