wiar 7-26-17

Mary FanslauWhat I Am Reading

Jul 26 (Wednesday)

Markets
U.S. Stocks Climb, Driven by Strong Earnings Reports (W)
Fund Managers and Strategists Think the Bull Market Is Ending Next Year (B)
European equities lean on earnings to revive rally (FT)
Weak inflation is a mystery investors must unlock (FT)
‘Exceptionally’ Weak Dollar Is the Earnings Boost S&P 500 Needs (B)
JPMorgan Tells Clients the Surge in Stocks Is Prolonging the Bull Market in Bonds (B)

Oil
Oil Gains on Saudi Push for Compliance With Output Cuts (W)
Oil’s Chaos Theory (B)

Central banks
Trump Says Cohn and Yellen Are Contenders to Lead the Fed (W)
IMF warns eurozone against premature taper (FT)
Draghi’s ‘whatever it takes’ outcome in 3 charts (FT)

US
U.S. Consumer Confidence Rose in July (W)
Home-Price Growth Flattened in May (W)
West Is Best for Sellers as U.S. Home-Price Gains Mount (B)
Americans Pour Record Sums Into Home Improvements (W)
America’s Hottest Properties: Data Centers and Cell Towers (W)

Europe
Greece Raises 3 Billion Euros in Return to the Bond Market (B)
IMF Warns Eurozone Against Complacency, Sees Serious Threats (W)
Fasten seat belts, Europe is unsafe at any speed (FT)
Merkel is forced to take centre stage (FT)
German car industry faces big fines (FT)

Japan & China
Japan’s Abe Stumbles in Response to Cronyism Claims (W)
New Challenge to U.S. Power: Chinese Exceptionalism (W)

US politics 
Senate Votes to Debate Health-Care Plan After Pence Breaks Tie (B)
Trump Won’t Say if He Will Fire Attorney General Sessions (W)
New White House Communications Chief Vows to Stop Leaks (W)
Kushner Described as Forthcoming in Closed-Door House Meeting (B)
Trump Says Apple CEO Has Promised to Build 3 Plants in U.S. (W)

Geopolitics & trade
U.S. Ship Fires Warning Shots at Iranian Vessel (W)
Russia’s $70 Billion ‘Secret’ Spending Lets Money Do the Talking (B)
China and India Locked in ‘Eyeball-to-Eyeball’ Border Standoff (B)
US working on ‘major trade deal’ with UK, says Trump (FT)

Industries & companies
Autos: GM’s Profit Drops as It Pulls Back Abroad to Focus on U.S. (W)
Autos: GM Warns of Tougher Second Half With U.S. Market Past Peak (B)
FAANGs: Google Sees Ad Growth, but Earns Less for Each Click (W)
Financials: Companies Press Their Banks for Better Payouts on Deposits (W)
Financials: Citi sets out $60bn capital return plan (FT)
Restaurants: McDonald’s serves up best sales rise in 5 years (FT)
Industrials: Caterpillar Boosts Outlook Signaling Cautious Optimism (W)
Technology: Samsung poised to dethrone Intel as chip king (FT)

Corporate finance
SoftBank Boosts Bet on Ride Hailing With Uber Stake (W)
Michael Kors Shops for Glamour, Buys Jimmy Choo for $1.2 Billion (W)
Viacom CEO Considers Costly Scripps Networks Acquisition (W)
Rotisserie-Chicken Chain Boston Market to Be Sold (B)

Offbeat
Elon Musk, Zuckerberg Trade Barbs Over Artificial Intelligence (B)