wiar 7-03-17

Mary FanslauWhat I Am Reading

Jul 03 (Monday)

Second quarter ends with fierce rotation away from tech stocks (FT)
Oil Enters Bear Market as Investors Lose Faith in OPEC’s Cuts (W)

Bond sell-off fails to derail Fed unwinding plans for QE (FT)
Surprise! High-Yield Bonds Are Still Holding Up (BR)

Beware Too-Clever ETFs (BR)
Are Trendy New Robot Funds Making Suckers of Us All? (B)

Central banks
Will more central banks shift policy towards tightening? (FT)

New Jersey, Maine Shut Down Governments Amid Budget Impasses (W)
Illinois Lawmakers Work Through Weekend on Budget (W)
Judge Orders Illinois to Start Paying Medicaid Backlog (B)
America’s urban-rural divides (E)
Middle-Class Medicaid (BR)

Is Europe’s framework for resolving banks broken? (E)
EU considers tough new competition powers (FT)

Asia Can Power Through Another Financial Crisis (B)
Reasons You Shouldn’t Worry About Money Flowing Out of China (B)
Latin America: Bad Headlines, Good Bets (BR)
Brazil’s president is charged with bribery (E)

US politics
Trump Tweets a Video of Him Wrestling ‘CNN’ to the Ground (N)
Trump’s CNN smackdown opens new front in media war (FT)
To Comprehend Trump, Read This (B)
Trump Joins Fray Over Request for Voter Records (W)

Geopolitics & trade
Xi, Abe to Get Calls From Trump as North Asia Tensions Rise (B)
China’s Xi Jinping Warns of ‘Red Line’ as Hong Kong’s New Leader Is Sworn In (W)
U.S. Navy Sends Warship Near Disputed South China Sea Island (B)
EU, Japan Push Toward Trade Deal (W)
City delegation to press Brussels for free-trade deal (FT)

Blinded by Cyberattack, Shipping Giant Maersk Slowly Restarts Operations (W)

Industries & companies
Energy: Iran to sign $4.8bn gas deal with Total (FT)
Chemicals: From Oil Gushers to Golf Balls: Saudi Aramco Bets on Chemicals (B)
FAAMGs: Amazon’s Land Grab for Its Growing Grocery Empire (BR)
Pharma: Shortages of Simple Drugs Thwart Treatments (W)

Corporate finance
A Surge of Dealmaking Ahead for Cable, Wireless (BR)

Beyond Bitcoin: How Blockchain Is Changing Banking (BR)
3D printers will change manufacturing (E)

Fake news: you ain’t seen nothing yet (E)