wiar 6-24-17

Mary FanslauWhat I Am Reading

Jun 24 (Saturday)

Markets
Stocks Are Ignoring Oil’s Bear Market (B)
Stock Picking Is Dying Because There Are No More Stocks to Pick (W)
Share prices and Fed put brakes on equity flows (FT)

Credit & currencies
One Year On, Pound Can’t Shake Brexit Blues (W)
These Are the Risks That Could End the Mexican Peso’s Big Run (B)
Ethereum’s Flash Crash Shows Hazards of Trading Cryptocurrencies (W)

Funds
Hedge funds turn from Opec friend to adversary (FT)
The Man Who Walked Away From a $40 Billion ETF (W)
BlackRock Tapped to Run Arizona State’s $600 Million Endowment (B)

Central banks
The Path Forward for U.S. Monetary Policy (Bullard, FRB-SL)
Speech by Governor Powell on central clearing and liquidity (FRB)
Mexico’s Central Bank Lifts Rates (W)

US
New-Home Sales Rise in May as Prices Hit Record Level (W)
Why Can’t They Build More Homes Where the Jobs Are? (B)
U.S. Jobless Rate to Fall to 3.5% in 2018, Forecaster Hyman Says (B)
For Consumers, Less Debt but Lots of Bills (W)

Europe
Britain’s Financial Power Is Already Seeping Away (B)
Ireland Said to Seek Protection From Losses on Apple’s Billions (B)

China
Targeted Chinese companies seek to soothe investors (FT)
Beijing’s New Mega Airport Will Challenge Air China’s Dominance (B)

Emerging
Governance to trump all for emerging market investors (FT)
India Shoots for the Moon, Chasing Influence Closer to Home (W)

US politics
4 GOP senators come out against Senate healthcare bill (BI)
Trump Thinks GOP Senate Critics Will Back Health Bill (W)
Senate Health Bill Gives Huge Tax Cuts to Businesses, High-Income Households (W)
Those Moderates Are Screwing Up Health-Care Reform (B)
Obama: The Senate bill is ‘not a health care bill’ (BI)
Trump’s Tape Blunder Risks Fresh Legal Jeopardy in Russia Probe (B)

Geopolitics & trade
Gulf states issued 13 demands to Qatar and set a deadline of 10 days to comply (BI)
Russia Fires Cruise Missiles at Islamic State Weapons in Syria (W)
North Korea Calls U.S. Furor Over Warmbier a ‘Smear Campaign’ (W)
Trump’s Steel-Tariff Threat Faces Resistance From Lawmakers (W)

Industries & companies
Autos: Tesla Explores Possibility of Manufacturing Cars in China (W)
FAAMGs: Facebook Has New Vision Beyond ‘Connecting,’ and It Thinks Groups Are Key (W)
FAAMGs: From Music to Maps, How Apple’s iPhone Changed Business (W)
Financials: Biggest U.S. banks clear first hurdle in Fed’s annual stress tests (R)
Financials: Fed’s Stress Tests Bolster Case for Easing Bank Rules (W)
Health Care: Health Care’s Happy Times Have an Expiration Date (B)
Hotels & Cruise Lines: Ritz-Carlton Is Building the Anti-Cruise Ship (B)
Retail: Bed Bath and Beyond plunges after missing across the board (BI)
Telecom: The New Sticker Shock: Plunging Cellphone Bills (W)

Corporate finance
Bankers Brace for Chill in China Deals Overseas (W)
JPM: There’s a chance Walmart will go head-to-head with Amazon to buy Whole Foods (BI)
Glencore’s Last-Minute Offer Isn’t Making It Easy for Rio Tinto (B)
Takata Bankruptcy Would Cloud Auto Industry’s Biggest Recall (B)

Offbeat
Tips for a Long, Healthy Life from ‘Longevity Village’ (W)