wiar 5-19-17

Mary FanslauWhat I Am Reading

May 19 (Friday)

Markets
Investors face the ‘buy the dip’ dilemma (FT)
Passive’s aggressive march poses thorny questions (FT)
Jim Chanos Says Markets Hope Pence Replaces Trump as President (B)
It May Be Time for Markets to Worry About North Korea (B)

Currencies
Citigroup Says It’s Time to Sell the Dollar for the Summer (B)

Central banks
ECB Wary of Repeat of Fed’s ‘Taper Tantrum’ (W)

US
Conference Board’s Leading Economic Indicators Index Rises (W)
U.S. jobless claims fall; continuing claims at 28-1/2-year low (R)

Japan
Japan scores longest growth run in a decade (FT)
Japan Has What Trump Wants: Manufacturers Driving Growth (W)

Emerging
China’s Demographic Time Bomb Continues to Tick (B)
EM hit as Brazil bears brunt of investor unease (FT)
Brazil Markets Sink, Triggering Circuit Breaker on Fresh Crisis (B)
Brazil Graft Probe Targets President, Markets Drop Amid Impeachment Talk (W)
Brazil president taped discussing pay-off for witness in graft probe: O Globo (R)
Mexico Unexpectedly Raises Rate to Avoid Inflation Spreading (B)
Rebellion in Venezuela: 43 Dead in 44 Days of Relentless Protest (B)

US politics I
Trump Claims He Is Victim of ‘Greatest Witch Hunt’ in U.S. (W)
Trump’s campaign had at least 18 undisclosed conversations with Russian officials (BI)
Trump Denies Asking Comey to Drop Flynn Investigation (B)
FBI’s Russia Probe Gains Credibility With Mueller In Charge (B)
Special Counsel Can Examine Trump From All Angles (B)
Lake: The Special Counsel Who Might Save Trump (B)
Talking Impeachment Is Easy. History Shows Why Impeachment Is Hard (W)
Could Donald Trump really be impeached? (FT)

US politics II          
Republicans worry Trump scandals may doom legislative agenda (R)
GOP’s Path to Tax Changes Slowed by Upcoming Budget Fight (W)
Mnuchin to Review Request to Provide List of Trump’s Business Contacts (W)
Mnuchin Warns Some Partnerships and LLCs Won’t Get Tax Break (B)
House May Be Forced to Vote Again on GOP’s Obamacare Repeal Bill (B)
Immigration Arrests Rose Sharply in Trump’s First 100 Days (W)

Geopolitics & terrorism
Trump Imposes Iran Missile Sanctions and Keeps Nuclear Deal (B)
Trump willing to try engagement with North Korea, on conditions: Seoul (R)
U.S. Plans to Start Nafta Talks (W)
NATO Mulls Arctic and Atlantic Command to Counter Russia (W)
Israeli Source Seen as Key to Countering ISIS Threat (W)

Cybersecurity
The Global Hack Could Have Been Much, Much Worse (B)

Industries & companies
Autos: Mercedes just made a huge play that could threaten Tesla’s home battery business (BI)
Financials: Trump’s Glass-Steagall Won’t Be as Tough as Banks Fear (W)
Media: Facebook makes biggest pitch yet for taking on TV (FT)
Media: FCC Votes to Scale Down Net Neutrality Rules (W)
Retail: Walmart just proved it’s immune to the retail apocalypse (BI)
Retail: Walmart reports surge in online sales (FT)
Retail: Ralph Lauren sales, profit beat as it reins in discounts (R)
Tech: Salesforce Lifts Its Outlook (W)
Tech: IBM Orders Its Remote Workers Back Into the Office (W)
Wireless: T-Mobile Calls Sprint Most Logical Partner as Deal Talk Heats Up (B)

Technology
Third Point Deploys AI, Big Data With Half Dozen Quants (B)
Google puts artificial intelligence centre stage (FT)
How Uber and Waymo Ended Up Rivals in the Race for Driverless Cars (N)

Offbeat
Roger Ailes, Founder of Murdoch’s Fox News Channel, Dies at 77 (B)