wiar 6-17-17

Mary FanslauWhat I Am Reading

Jun 17 (Saturday)

Markets
Retail Stocks Slide in Wake of Amazon’s Deal for Whole Foods (W)
Amazon Just Erased $32 Billion From Its Competitors’ Market Caps (B)
Investors pour $30bn into global ETFs (FT)
Fed sides with reflationists as bond battle resumes (FT)

Commodities & currencies
A Signal from the Options Market: Oil’s Rout Isn’t Over (W)
Crude oil glut frustrates Opec’s price control moves (FT)
Big Oil Firms Are Exploring a New Frontier in Shale: Profits (W)
Dollar Declines Amid Disappointing Housing, Sentiment Data (B)
Dollar struggles to hold Fed-driven advance (FT)

Central banks
Fed should be cautious on further rate hikes, Kaplan says (R)
Here’s how the Fed’s rate hike will impact fixed income (BI)

US
Don’t Underestimate This U.S. Expansion: It’s Headed to a Record (B)
U.S. housing starts hit eight-month low; building permits weak (R)
U.S. Housing Starts Fall for Third Consecutive Month in May (W)
U.S. Consumer Sentiment Declined in Early June (W)
The U.S. Is Where the Rich Are the Richest (B)

Europe
ONS data shows UK tourism booming since Brexit (BI)

China
Defining moment for investors looms as MSCI rules on China (FT)
China’s Monetary Policy Zigs Where U.S. Zags (W)
A deal too far for China’s Anbang (FT)

Japan
Bank of Japan Holds Fire as It Faces Calls for Exit Strategy (W)

US politics
Post-Election Bump in Americans’ Confidence Deflated by Politics (B)
Trump Announces Rollback of Obama’s Cuba Policy (W)
Trump effect weighs on Georgia’s congressional race (FT)
Trump likely to nominate former Senate aide Peirce for SEC (R)
Trump confirms he is being investigated over Comey dismissal (FT)

Industries & companies
Energy: The Energy Industry Is Near a Big Tipping Point (B)
Financials: CenturyLink Is Accused of Running a Wells Fargo-Like Scheme (B)
Industrials: The $31 Billion Hole in GE’s Balance Sheet That Keeps Growing (B)
Media: Facebook takes on TV and YouTube with long-form video push (FT)
Tech: Google Faces Record EU Antitrust Fine (W)

Geopolitics & trade
The New Cold War Pits a U.S. General Against His Longtime Russian Nemesis (W)
Russia says it may have killed Isis leader in Syrian air strike (FT)
North Korea outraged about new sanctions (BI)
U.K. Says North Korea Behind WannaCry Cybertattack (W)
U.S. Exports to Mexico Fall as Uncertainty Over Nafta Lingers (W)

Corporate finance
Amazon to Buy Whole Foods for $13.7 Billion (W)
Amazon Buys Whole Foods: What You Need to Know (W)
Amazon Targets Your Fridge With Whole Foods Purchase (B)
Wal-Mart in the Crosshairs of Amazon’s Takeover of Whole Foods (W)
Neuberger Berman Expects Bidding War for Whole Foods After Amazon Deal (W)

Offbeat
I get $1,000 a month in basic income — here are the biggest benefits (BI)
Hawaii the first US state that to officially evaluate basic income (BI)
Why More States Are Killing Estate Taxes (W)