wiar 6-08-17

Mary FanslauWhat I Am Reading

Jun 08 (Thursday)

Markets
5 Big Tech Stocks Build Market Euphoria, and Jitters (N)
Spring Rally in Stocks, Bonds, Gold Unnerves Investors (W)
Slide in Energy Shares Caps Gains in U.S. Stocks (W)
Cash-rich companies are king in the stock market right now (BI)
Bill Gross Says Market Risk Is Highest Since Pre-2008 Crisis (B)

Oil
Oil Plunges on Inventory Data (B)
U.S. Oil Exports Double, Reshaping Vast Global Markets (W)
Iraqi Oil Floods Into U.S. After Saudi Arabia Cuts Back (B)

Credit & currencies
China’s Back at the US Treasury Counter (B)
Euro Is Nothing But a Flow Show and Analysts Are Getting Worried (B)
Bitcoin’s Valuation Is Confusing Currency Analysts (B)

Central banks
ECB Said to Cut Inflation Outlook After Energy Prices Slide (B)
OECD Calls for ECB Taper, Cuts U.S. Growth Forecasts (W)

US
Is it finally time for a raise for American workers? (FT)
Hospitality Job Openings Surge: Growth or Retreat From Undocumented Labor? (W)
Millions of Young People Shut Out of the Housing Market (W)

Europe
In U.K. Vote, Many Investors Want the Tax-Raising Socialist (W)
France’s Macron set for biggest majority since De Gaulle: poll (R)
Santander takes over ‘failing’ Banco Popular after EU acts (FT)

China
Not Just the FANGs: China’s Tech Rally Has More Bite (W)
China Market Squeeze Starts to Strangle Small Businesses (W)

Emerging
Storm clouds loom over emerging market growth (FT)

US politics
Hatch Optimistic on GOP Tax Agreement But No Answer Yet on Rates, Revenue (W)
Trump Told Comey, ‘I Expect Loyalty,’ Ex-FBI Head to Say (W)
Comey Says Trump Asked Him to End FBI Probe Into Flynn (B)
Intelligence Chiefs Won’t Say if Trump Asked About Russia (W)
Trump scandals worse than Watergate, former head of US Intelligence says (FT)

Geopolitics
China’s Military Ambitions Likely Extend Beyond Asia, Pentagon Says (W)
China Criticizes Pentagon Report, Laments U.S. ‘Cold War Mentality’ (W)
Mnuchin: China Bilateral Investment Treaty ‘On Our Agenda’ (W)
South Korea suspends US missile shield deployment (FT)
Turkey throws weight behind Qatar in Gulf showdown (FT)
Saudi Arabia Tells Banks Not to Increase Qatar Exposure (B)
Trump’s Qatar Curveball Makes Tillerson Improvise Policy Again (B)

Terrorism
ISIS Claims Deadly Assault on Iran Parliament (W)
U.S. May Expand Laptop Policy to Flights From 71 More Airports (B)

Industries & companies
Autos: Electric Car Sales Are Surging, IEA Reports (B)
Financials: Goldman Sachs boost rates for savers in bid to attract deposits (BI)
Health Care: Insurer Anthem’s Ohio Exit Ups Ante for GOP (W)
Tech: How Apple’s Siri Lost Its Edge (W)

Offbeat
LeBron James’s Media Empire Is Out Front (Even If His Team Isn’t) (W)
Think Your LIRR Commute is Getting Worse? You’re Right (W)