wiar 7-15-17

Mary FanslauWhat I Am Reading

Jul 15 (Saturday)

Markets
S&P 500 Hits Record as Inflation View Turns Iffy: Markets Wrap (B)
Optimism in Financial Markets Fails to Show in Real Economy (W)
Ageing bull run will need both earnings and Fed cheer (FT)
Bond market cuts rate rise odds on US inflation data (FT)

Central banks
Inflation Data Weakens the Fed’s Case for Another Hike (B)
Fed ticks boring box with $4.5tn unwind (FT)

US
U.S. Retail Sales Fell 0.2% in June (W)
The euphoria about the US economy after the election has vanished (BI)
First-Time Buyers Eye Homes (W)

Europe
Strong Eurozone Growth Shows Payoff of ECB Stimulus (W)

US politics
States to Health Insurers: Please Come Back (W)
Russian Lawyer Who Trump Jr. Met Says She Was in Contact With Top Russian Prosecutor (W)
Second Russian’s Role at Trump Jr. Meeting Raises Questions (B)
Dimon Says Being an American Abroad Is ‘Almost an Embarrassment’ (B)

Geopolitics
Trump and Macron in Bastille Day show of bonhomie (FT)
Here’s the White House’s Transcript of What Trump Told Reporters Off the Record (B)

Industries & companies
Financials: Earnings Take Shine Off Bank Stocks (W)
Financials: JPMorgan beats, posts record-breaking quarter (BI)
Financials: Citigroup beats on earnings as fixed income business soars (BI)
Retail: More Bad News for Retailers (W)
Retail: EBay Breaks July Sales Records Thanks to Amazon Prime Day (B)
Telecom: Sprint Met With Buffett, Malone About Investment (W)
Telecom: AT&T to Separate Media, Telecom Assets After Merger (W)