wiar 7-25-17

Mary FanslauWhat I Am Reading

Jul 25 (Tuesday)

Stocks
Dow Falls as Investors Await Another Round of Earnings Reports (W)
Traders Fear Hard Landing in Emerging Markets (B)

Currencies
Protection Against a Dollar Plunge Is the Costliest Since 2009 (B)
Traders haven’t been this bearish on the US dollar for more than a year (BI)

Oil
Saudi Arabia Cuts Oil Exports (W)
Barclays Oil Sale Triggers a Huge Number of Trades in Exotic Options (B)

Central banks & IMF
Fed likely to signal it is on course to raise rates (FT)
IMF Sees U.S. Fading as Global Growth Engine (B)
World Economic Outlook Update, July 2017 (IMF)

US
Existing-Home Sales Slide as Prices Surge on Tight Supply (W)
GDPNow Forecast for Second Quarter Inches Up [to 2.5%] (FRB-ATL)
Wage Growth Tracker Slows Slightly to 3.2 Percent in June (FRB-ATL)

Europe
Euro Area Economy Grows at Slowest Pace in Six Months (B)
Eurozone Economy Slows in July, Survey Shows (W)
Zombie Companies Littering Europe May Tie the ECB’s Hands for Years (B)
Polish President to Veto Two Bills Seen Limiting Nation’s Courts (W)
Deutsche Bank Weighs Moving $350 Billion From U.K. to Frankfurt (B)

Emerging
The Worst of Mexico’s Inflation and Growth Struggles May Be Over (B)

US politics
Senate GOP Unsure of What Health-Care Measure They Will Vote On (W)
Kushner Details Russia Meetings, Denies Collusion (W)
Democrats Pitch Populist Election Agenda (W)
Democrats Reveal Their Plan to Return to Power (B)

Geopolitics & trade
Mnuchin’s bank reforms carry warning for Europe (FT)
Apple Supplier Foxconn Looks at Producing Display Panels in Wisconsin (W)

Industries & companies
Banks: Could Retailers’ Struggles Extend to Banks? (FRB-ATL)
Pharma: Samsung Releases Arthritis Drug in First Foray Into U.S. Pharmaceuticals (W)
Pharma: How Blockbuster Drugs Fight Off Cheaper Competition (W)
Travel: Expedia, Priceline Home In on Airbnb’s Turf (W)

Corporate finance
Deals ‘on Pause’ as CEOs Wait for More Certainty, Baronoff Says (B)
IPO shortage keeps US cash in a few wealthy hands (FT)
KKR to Buy WebMD for $2.8 Billion (W)
Uber Rival Grab’s Fundraising Values It at $6 Billion (W)
HNA Details New Ownership Structure (W)

Technology
Elon Musk’s Tunnel Plan Isn’t as Crazy as SpaceX or Tesla (B)
Robots Picking, Retailers Grinning (W)
Norway Pioneers Crewless Ships (W)
NASA Has a Way to Cut Your Flight Time in Half (B)