wiar 5-11-17

Mary FanslauWhat I Am Reading

May 11 (Thursday)

Global ETF assets reach $4tn (FT)
Pimco and BlackRock Are Buying Up Assets In the ‘Fragile Five’ (B)
This Is What Can Kill the Emerging Market Rally (B)
Millennial investors are having a big payday as a popular tech stock soars (BI)
Mobius Says Low Market Volatility Is Tied to Social Media (B)

Oil prices are surging right now after a report showed falling stockpiles, greater demand (C)
China Metals Bulls Aren’t Panicking Just Yet as Rally Unravels (B)

Central banks
What Happens When Central Banks Stop Buying Bonds? (W)
Fed’s Rosengren Favors Three More 2017 Hikes to Foil Overheating (B)

OECD Tempers Global Growth Expectations (W)

U.S. Import Prices Rose More Than Expected in April (W)
Auto Loan Fraud Soars in a Parallel to the Housing Bubble (B)

Germany’s Schaeuble says Macron faces ‘terribly difficult’ decisions (R)

China Consumer Inflation Edged Up in April (W)
Jim O’Neill Says China Fears Are ‘Completely Overblown’ (B)
China is about to hold a giant meeting on spending billions to reshape the world (C)
China Cement Giant Sees Big Opportunity in Paving New Silk Road (B)
China ‘New Silk Road’ investment fell in 2016 (FT)
A Chinese Giant Is on a Global Buying Spree. Who’s Behind It? (N)

Comey firing poses new risk to Trump rally (NN)
Comey Ouster Threatens to Backfire on Troubled White House (B)
Trump’s fury over Russia investigations spurred him to fire Comey, aides say (BI)
Comey reportedly asked for more resources for Russia probe; DOJ calls reports ‘totally false’ (C)
Comey Sought More Russia Funds (W)
Russia’s Lavrov Drops by White House Day After Trump Fires Comey (B)
Trump follows Comey firing by blasting Democrats on Twitter (BI)

US politics
Senate Panel Subpoenas Documents From Flynn in Russia Probe (W)
Trump’s growth target ‘not achievable’ this year: Ross (R)
Trump’s New Tax Plan Is a Mystery for the Middle Class (W)

Geopolitics & cybersecurity
New South Korean president vows to address North Korea, broader tensions ‘urgently’ (R)
U.S. Pushes for More Troops, Leeway in Afghan Fight (W)
U.S. to Expand Intelligence Cooperation With Turkey (W)
Turkey warns U.S. of blowback from decision to arm Kurdish fighters in Syria (R)
Hackers Came, but the French Were Prepared (N)

Industries & companies
Autos: Billionaire Icahn Loses $179 Million on Hertz Double Down (B)
Health Care: Aetna to Pull Out of Current Affordable Care Act Exchanges (W)
Materials: U.S. Steel CEO Steps Down Two Weeks After Earnings Miss (B)
Media: Time Inc. to Cut Costs, Sell Assets (W)
Retail: Whole Foods Plans to Remove More Than Half of Its Board (W)
Retail: Abercrombie & Fitch in Merger Talks With Suitors (W)
Tech: Snapchat Parent Posts Disappointing User Growth; Stock Plunges (W)

A Trump Dividend for Canada? Maybe in Its A.I. Industry (N)
With New Echo Speakers, Amazon Lets You Ask Alexa to Phone Mom (N)
Rise of Robo-Taxis Won’t Slow Global Auto Demand, Renault Says (B)
UberEats is destroying your favorite delivery service (C)
Robots Aren’t Destroying Enough Jobs (W)
The New Hulu Looks a Lot Like the Future of TV (W)

Wall Street’s obscene spending confessions—commentary (C)