wiar 6-10-17

Mary FanslauWhat I Am Reading

Jun 10 (Saturday)

Markets
We’re in a bull market plagued by ‘recurring anxiety attacks,’ strategist Ed Yardeni says (C)
Tech Selloff Wrecks Record Day for U.S. Stocks (B)
Global markets unfazed by UK election result (FT)

Credit, Commodities & Currencies
Flows Show That Bond Bears Just Capitulated, Says Bank of America (B)
Best Commodity of 2017 Is One of the Smallest Metals Markets (B)
For the Pound: Three Scenarios (W)

Central banks
Central Banks Poised to Start Rowing in One Direction Again (B)
The Role of Expectations in Monetary Policy (Kuroda, BOJ)

US
Survival of US profitability miracle depends on wages (FT)
The Amount of Your Compensation Going Toward Benefits Keeps Rising (W)

Europe
Eurozone bulls grow in confidence (FT)
How Theresa May’s Snap Election Delivered Britain a Hung Parliament (B)
U.K.’s Theresa May Seeks Allies to Stay in Power (W)
EU Urges U.K. to Start Brexit Talks as Soon as Possible (W)
Catalonia sets date for independence vote from Spain (FT)

US politics
Trump Announces Councils to Speed Up Infrastructure Projects (W)
Republicans Push Paul Ryan to Back Off Border-Tax Idea (W)
Ritholtz: Trump’s Economic Agenda Is Almost Dead (B)
Trump Says He’d Testify That Comey Lied About Demand for Loyalty (B)
GOP Lawmakers Stick With Trump (W)
Comey Hearing Highlights Capital Culture Gap (W)
This Case Shows How Comey Felt About Obstruction as a Prosecutor (B)

Geopolitics & terrorism
Trump Commits to NATO’s Common-Defense Provision (W)
Tillerson Calls on Arab States to Ease Qatar Blockade (W)
London Attacker Wasn’t Hiding in Plain Sight—He Wasn’t Even Hiding (W)
North Korea Dreams of Turning Out the Lights (W)

Industries & companies
Financials: Fiduciary Rule Is Now (Partially) in Effect (W)
Materials: Glencore counterbids for Rio’s Australia coal assets (FT)
Retail: Talks to Combine Neiman Marcus and Saks Have Stalled (W)
Tech: Yuri Milner: Online Spending Will Fuel World-Wide Growth (W)

Technology
Asian Tech Firms Look to Climb Out of Silicon Valley’s Shadow (W)
The U.S. Is Ahead of China in AI Innovation—for Now (W)
U.S. Tech Companies Are Now Copying Chinese Peers (W)
SoftBank to Buy Two Pioneers in Advanced Robots (W)

Offbeat
Drug Gangs Open an Online Chinese Connection for Opioids (W)
FDA Could Act to Pull More Opioid Pain Pills From the U.S. Market (B)
Overseas Medical Schools Offer Remedy for Shortage of U.S. Doctors (W)
Puerto Rico to Vote Sunday on Statehood (W)