wiar 6-23-17

Mary FanslauWhat I Am Reading

Jun 23 (Friday)

Markets
Senate GOP’s Health Bill Sends Hospitals, Pharma Stocks Higher (B)
A Sudden Burst for Biotech Stocks (W)
Investors Are Staying in Dividend ETFs No Matter What the Fed Says (B)
Pimco’s Ivascyn: Next Inverted Yield Curve May Be Different (B)

Commodities
Oil Gets a Respite After Dropping to Bear Market on Glut Worries (B)
OPEC Has Few Escape Routes From Another Bear Market in Oil (B)
Iron ore is on winning streak that hasn’t been seen in years (BI)

Central banks
Fed’s Bullard Calls Officials’ Projected Rate Path ‘Unnecessarily Aggressive’ (W)
Former Fed Governor Says Central Bank’s Independence Is Limited (W)
Minutes of the Monetary Policy Meeting (BOJ)

US
Jobless Claims Show Tight U.S. Labor Market Even With Increase (B)
Mixed Data on U.S. Consumer Comfort Suggest Restrained Spending (B)
The Nation’s Older Population Is Still Growing, Census Bureau Reports (Census)
Wells Fargo: Millennials Make Greatest Gains in 401(k) Plan Participation

Europe
Macron wins EU fans for Hollande’s unpopular idea (FT)

Emerging
Big China companies targeted over ‘systemic risk’ (FT)
China Probes Some of Its Top Overseas Deal Makers (W)
Trump trade tsar warns against China market status (FT)
First Test for Saudi Arabia’s King-in-Waiting: Fixing the Economy (W)
Young Brazilian politicians push for generational change (FT)

US politics
Senate Unveils GOP Plan to Overhaul Health Law (W)
Here’s How the Senate GOP Plan Would Change Health Care (B)
Senate Bill Tightens Eligibility for Health-Insurance Subsidies (W)
Regulators back Trump on looser financial rules (FT)
Trump Says He Doesn’t Have Tapes of Comey Meetings (W)

Geopolitics
Macron Shifts France’s Stance on Removing Assad From Power (W)

Industries & companies
Airlines: American Airlines CEO ‘Not Happy’ About Qatar Plan to Buy 10% Stake (W)
Autos: Why Tesla’s Not in the S&P 500 (W)
FAAMGs: Where Bezos Leads, Amazon Shareholders Blindly Follow (W)
FAAMGs: Apple Scraps Like an Underdog in Second Biggest Mobile Market (W)
Retail: Target’s Been Talking Food for a Decade. Now Amazon Could Eat Bullseye’s Lunch (B)
Retail: Fashion Sellers Reel as Amazon Aims at Next Retail Target (B)
Tech: Oracle crushes earnings, shares spike 9% (BI)
Tech: Snap is rising after announcing new maps feature (SNAP) (BI)

Corporate finance
Taiwan’s Foxconn Eyes Seven States for $10 Billion Investment (W)

Technology
“The Blockchain Is Going to Revolutionize Central Banking and Monetary Policy”
Aberdeen Says Cryptocurrency Bubble Will Burst Even If Coins Change Finance (B)
Ethereum flash-crashes to $13 before bouncing back to $296 (BI)
Is Your Job About to Disappear? (B)
The World’s Workers Have Bigger Problems Than a Robot Apocalypse (B)

Offbeat
FCC Proposes $120 Million Fine Against Telemarketer (W)