wiar 7-28-17

Mary FanslauWhat I Am Reading

Jul 28 (Friday)

Markets
Party Time! Weak Dollar Unleashes Record Stock Run (W)
US blue-chip revenue growth beats expectations (FT)
Tech Stocks Weigh on Markets (W)

Wall Street
Wall Street Needs You to Borrow Against Your Stock (W)
Analysts Hope Companies Will Pay for Research About Themselves (B)
The Death of Equity Research Hasn’t Been Greatly Exaggerated

Oil
Shell Prepares for ‘Lower Forever’ Oil Prices (W)

Central banks
After Draghi, Demography: Aging Society Will Keep Euro Rates Low (B)
Germany Tightens Grip on EU Posts as Draghi Succession Nears (B)
In Asia, the Fed Still Rules (B)
Libor Funeral Set for 2021 as FCA Abandons Scandal-Tarred Rate (B)

US
U.S. Business Equipment Orders Eased Last Month After Robust May (B)
Consumer Comfort Gain Reflects Steady U.S. Labor-Market Progress (B)
Ex-Convicts Help Companies Fill Need for Skilled Labor (W)
N.H. May Delay Opening $48 Million Prison Over Staffing Challenges (W)
If Foxconn Builds It, Will Workers Come? Wisconsin Bets Yes (B)

Europe
Brexit Bulletin: Will the March 2019 Deadline Slip? (B)
How to Make Ireland’s Miracle Economy Disappear (B)
The European link to Canada’s house price boom (FT)

Japan
Japanese Inflation Stalls Even as Job Market Tightens (B)
 Japanese faced with little alternative to flagging Abe (FT)

China
HNA’s Biggest Shareholder Doesn’t Really Exist Yet (W)

US politics
Republicans Outline Tax Plan (W)
Tax reform plan sees US import charges scrapped (FT)
Ryan Says House Is Open To Negotiating Health Bill (W)
Some Senate Republicans Balk at ‘Skinny’ Health Bill (B)
Republicans Set Terms on Debate of Bill Funding Trump’s Border Wall (W)
Scaramucci Erupts Over Priebus, Leakers (W)
Senators Move to Block Trump From Ousting Sessions (W)
Rex Tillerson Says He Plans to Stay at State, ‘Not Going Anywhere’ (W)

Geopolitics
Russia Sanctions Bill Clears the Senate With Bipartisan Vote (W)
Tensions Escalate Between Germany and Turkey (W)
North Korea’s New Hacking Target: Bank Accounts (W)

Industries & companies
Autos: Here Come the Tesla Model 3s … and a Few Surprises (B)
Autos: Fiat Chrysler Weathers U.S. Sales Slowdown as Maserati Adds SUV (B)
FAANGs: Amazon’s Expansion Costs Take a Toll (W)
FAANGs: Facebook Profit Jumps 71% (W)
Financials: Mastercard Beats Estimates as Consumers Boost Spending (W)
Financials: Deutsche Bank Warns on Outlook as Cryan’s Turnaround Slows (B)
Mining: Glencore Under Probe Over Congo Payments (W)
Pharma: P&G Gets Boost From Stronger Results in Fight Against Peltz (B)
Pharma: AstraZeneca Plunges After Setback in Crucial Lung-Cancer Drug Trial (B)
Restaurants: Starbucks’ Tepid Results Increase Pressure to Go Big in China (B)
Technology: Be Afraid for Twitter. Very Afraid. (B)
Technology: Samsung Is Closing In on Apple as World’s Most Profitable Tech Firm (W)
Technology: Intel Finds Room to Boost Revenue (W)
Technology: LinkedIn Suit Could Shape Data-Analytics Industry (W)
Technology: China’s Next Target: U.S. Microchip Hegemony (W)

Technology
The First AI Bubble Is Now Here: Talking Speakers (W)

Offbeat
Jeff Bezos Briefly Tops Bill Gates as the World’s Richest Person (B)
Hamptons Home Prices Soar to Record $1.07 Million (B)