wiar 7-22-17

Mary FanslauWhat I Am Reading

Jul 22 (Saturday)

Markets
Short Sellers Give Up as Stocks Run to New Records (W)
Stocks Fall as Investors Parse Latest Batch of Earnings Reports (W)
Record S&P 500 Failing to Stem Steadiest Fund Outflow Since 2009 (B)
The Great Rotation May Finally Be at Hand (B)
Investors, Stop Worrying That ‘Nobody’ Is Worrying (W)
Winter is always coming for SocGen’s perma bear (FT)

Oil
Oil Slides Most in Two Weeks as OPEC Production Is Seen Rising (B)

US
Broad Measure of U.S. Manufacturing Efficiency Confirms Downtrend (B)
Meet Your New Landlord: Wall Street (W)

US politics
Spicer Resigns Over Hiring of New Chief of Communications (W)
Scaramucci Still Has Unfinished Business in China (B)
Donald Trump Preps for Battle Against Lawsuits (W)
White House to Tackle Manufacturing Gaps It Says Weaken U.S. Security (W)

Geopolitics
U.S. Puts Chinese Deals on Ice (W)
U.S. to Ban Tourism to North Korea (W)
U.S. and Exxon Spar Over Alleged Russia Sanctions Violation (W)

Industries & companies
Beverage: AB InBev to Buy Energy-Drinks Maker Hiball (W)
Energy: Is BHP Set to Make Another Big, Risky Investment? (W)
FAANGs: FANG Stocks Lose Some Bite (B)
FAANGs: Wal-Mart, Amazon Rivalry Spreads to Forklifts (W)
FAANGs: FTC probing allegations of Amazon’s deceptive discounting (R)
FAANGS: Democrats in U.S. Congress urge review of Amazon’s Whole Foods deal (R)
Financials: U.S. Mega Banks Are This Close to Breaking Their Profit Record (B)
Financials: Capital One’s Profit Beats Estimates (B)
Financials: The Rise of AIG’s New CEO (W)
Industrials: GE Leaves Investors in Limbo (W)
Tobacco: Big Tobacco Finds Surprise Allies in Smokeless Push (W)
Technology: Microsoft Profit Jumps, Fueled by Cloud Computing (W)

Technology
Don’t Fear the Robots (W)
Lyft Shifts Gears With New Driverless-Car Division (W)
Lyft to double staff in autonomous car drive (FT)
China’s Got a Huge Artificial Intelligence Plan (B)

Offbeat
Barclays ‘Gold’ Equity Research May Cost $455,000 (B)
Former CBO Leaders Ask Lawmakers to Stop Bad-Mouthing Agency (B)
China’s 2.4 Trillion Cigarette Habit Is Actually Progress (B)