wiar 7-05-17

Mary FanslauWhat I Am Reading

Jul 05 (Wednesday)

US markets
Global Stocks Retreat as Investors Question Tech’s Dominance (W)
Market’s Euphoric Turn May Point to End of Bull Run, BofA Says (B)
How a Glitch Made It Look as If Apple Lost $104 Billion in Market Value (W)

Global markets
Big U.S. Funds Aren’t Buying the European Recovery Story (W)
Two Decades After Crisis, These Three Asia Markets Are Still Down (B)
El-Erian Says Bet on Emerging Markets Due to Better Valuations (B)

Oil
U.S. Oil Prices Rise Again, in Longest Streak of Gains in Nearly 8 Years (W)
OPEC’s Output Rose to the Highest This Year (B)

Central banks
Fed Eyes September Announcement on Balance-Sheet Reduction (W)
‘Regime Change’ at BOJ Would Boost Confidence, Says Abe Adviser (B)

US
Manufacturing Pickup Signals Boost to U.S. Economic Growth (B)
U.S. Auto Sales Fall as Fewer Vehicles Go to Rental Chains (W)
SUVs Save the Day Again in June as U.S. Car Demand Languishes (B)
Ill-funded Police Pensions Put Cities in a Bind (W)
Illinois Rushes to Enact Budget to Avoid Junk Rating (B)

Europe
Merkel team trumpets ‘best Germany’ ever at manifesto launch (FT)
Macron Calls for Changes to France’s Parliament, Voting (W)

China
China’s $162 Billion of Dealmaker Debt Raises Alarm (B)
China Robots Displace Workers as Wage Spiral Pressures Profits (BW)

Japan
Japanese Manufacturers Are Bullish, Survey Says (W)

Geopolitics
North Korea Missile Launch Threatens U.S. Strategy in Asia (W)
Trump phones Xi as US-China friction grows (FT)
China, Germany Step Up as U.S. Retires From World Leadership (B)
Qatar Responds to Saudi Bloc Demands as Trump Works Phones (B)

Industries & companies
Autos: Tesla Sales Rise (W)
Autos: Tesla’s Model 3 Hits Production This Week (N)
Energy: Total Plows Into Iran, Leaving Shell, BP on Sidelines (W)
Energy: GE’s Oilfield Giant Is Ready to Prosper, If the Crude Recovery Cooperates (B)
FAAMGs: Apple Tests 3-D Face Scanning to Unlock Next iPhone (B)
FAAMGs: Microsoft Shuffles Sales, Marketing to Focus on Cloud, AI (B)
Financials: J.P. Morgan’s Worldpay Move Signals Loosened Curbs on Banks (W)

Offbeat
How the iPhone Built a City in China (W)