wiar 5-20-17

Mary FanslauWhat I Am Reading

May 20 (Saturday)

Markets
Trump woes no match for the ‘Buy the Dip’ mindset (FT)
Stocks Higher, Wiping Out Most of Midweek Tumble (W)
Europe Inc. Sprints Ahead of U.S. (W)
Mutual Funds Get Crushed by Brazil (B)
The Political Crisis Isn’t Stopping Brazil Bulls (B)

Currencies & commodities
Dollar suffers worst week in year on Trump jitters (FT)
Real leads emerging market currencies rebound (FT)
Oil Climbs Above $50 as OPEC Expected to Prolong Curbs Next Week (B)

Global
Global Expansion Is in Sync, Even If Everything Else Is in Chaos (B)

US
U.S. Household Financial Health Improved in Recent Years (W)
The Share of Foreign-Born Workers in the U.S. Labor Force Reaches a New High (W)
Unemployment in the U.S. Is Falling, So Why Isn’t Pay Rising? (B)
Americans Are Paying $38 to Collect $1 of Student Debt (B)

Europe
Monte Paschi Bailout Plan Faces ECB Pushback on Capital Concerns (B)
Spain’s Socialists prepare to choose new leader (FT)

China
China faces ‘acid test’ over credit bubble (FT)

US politics
Trump Aims to Balance Budget (W)
Trump Pushes Back As Russia Probe Expands (W)
Rosenstein Defends Memo Condemning Comey Before Trump Fired Him (B)
Federalism for the Left and the Right (W)
Impeaching Trump is more a political question (FT)
Trump’s crisis launches a thousand Watergate references (FT)
Donovan Withdraws as Nominee for U.S. Treasury Deputy Secretary (B)
US looks at extending laptop ban to all flights (FT)

Geopolitics & terrorism
With Mideast Trip, Trump Shifts to Global Relations (W)
What is at stake as Iranians pick next president? (FT)
Trump Ordered Changes to ‘Annihilate’ Islamic State, Mattis Says (B)
China and South Korea Try to Ease Missile Tensions (W)
U.S. Examines Russia’s Grip on Citgo Assets (W)

Industries & companies
Financials: The Trump administration just handed Wall Street some great news (BI)
Tech: Tech Sector Is Seeing Its Biggest Annual Inflows in 15 Years, BofA Says (B)
Tech: This is the age of the Microsoft and Amazon economy (FT)

Corporate finance
How SoftBank and Saudi Arabia Settled Their Differences to Birth the World’s Biggest Tech Fund (W)
Bain makes $10bn bid for Toshiba’s chip business (FT)
Facebook Slapped With EU Fine Over WhatsApp Deal (W)

Offbeat
David Blitzer: The Stock Picker Behind the S&P 500 (W)
Florida’s Bone Dry and Burning While Rest of U.S. Is Soaking Wet (B)
Americans Die When They Have to Work at Being Healthy (B)