wiar 7-12-17

Mary FanslauWhat I Am Reading

Jul 12 (Wednesday)

Markets
It Took the Market 30 Minutes to Digest Trump Jr. Email Drama (B)
Red-hot tech stocks could be derailed by the Fed (BI)

Funds
Top Emerging-Market ETF Hit by Record Outflow (W)
New funds bet on decline of bricks-and-mortar chains (FT)

Commodities & currencies
U.S. Cuts 2018 Crude Production Forecast Amid Lower Prices (B)
US oil exports forecast to top most in Opec by 2020 (FT)
Cryptocurrencies Are Getting Crushed (B)

Central banks
Fed’s Brainard Backs Balance-Sheet Runoff ‘Soon,’ Wary on Rates (B)
Fed’s Brainard sees low cap on interest rates (FT)
Dimon Says QE Unwind May Be More Disruptive Than You Think (B)
Canada Braces for Its First Rate Increase in Seven Years (W)

Europe
Dimon warns EU could force banks to move staff out of UK (FT)

China
Shoppers Can Buy Bad Debt on China’s Equivalent of Ebay (B)
Companies can no longer bank on the Chinese for funds (FT)

US politics
Senate Delays Recess, as GOP Plans to Keep Taxes on Wealthy in Health Bill (W)
Trump Looks to Wall Street for Fed Bank Regulator (W)
Email to Trump Jr. Says Clinton Info Was Part of Moscow’s Trump Support (W) | Emails
Here Are Trump Jr.’s Shifting Explanations for His Russia Meeting (B)
Who is the Russian lawyer who met Donald Trump Jr? (FT)
Trump Sued for Blocking Twitter Users (B)

Geopolitics & trade
Email to Trump Jr. Says Clinton Info Was Part of Moscow’s Trump Support (W)
China Gets Failing Grade on North Korea (W)
North Korea Missile Might Not Survive Re-Entry, Seoul Says (W)
The Canary in the Coal Mine for World Trade Is Taiwan Exports (B)

Industries & companies
Autos: Tesla Readies for Model 3 by Adding Repair Vans (W)
Consumer: PepsiCo makes healthy profit thanks to price rises (FT)
FAAMGs: Amazon Discounts Make Echo Speaker Best Seller on Prime Day (B)
FAAMGs: Paying Professors: Inside Google’s Influence Campaign (W)
FAAMGs: Facebook to Show Ads on Messenger (W)
Financials: Asset Management Revenue Falls in 2016 for First Time Since 2008 (B)
Media: Time Inc., Seeking Refresh, Explores Renaming Company (W)
Pharma: Pharma turns to big data to gauge patient care and pricing (FT)
Technology: China Is a Wild Card for Chip Stocks (W)
Technology: Snap downgraded by lead IPO underwriter as shares fall (FT)

Technology
The Next Job Humans Lose to Robots: Real Estate Appraiser (B)
House panel to unveil self-driving car legislation soon: aide (R)

Offbeat
Buffett’s Berkshire Moves Away From Stock Picking (W)