wiar 7-29-17

Mary FanslauWhat I Am Reading

Jul 29 (Saturday)

Markets
European equity fund inflows reach nearly $30bn so far in 2017 (FT)
Nasdaq Slides, Under Pressure From Amazon (W)
Record Tech Valuations Reach Emerging Markets and Investors Are Getting  Nervous (B)

Oil
Oil jumps to two-month high, heads for biggest weekly rise of 2017 (R)

Central banks
Meet Randal Quarles, Trump’s Pick to Shake Up the Fed (W)
Fed nominee backs bank call for stress test changes (FT)

US
Second-Quarter U.S. Growth of 2.6% Underscores Resilience (B)
Weaker Prospects for Incomes Weigh on U.S. Consumer Sentiment (B)
U.S. Employment Costs Decelerated in Second Quarter (W)
Americans Aren’t Saving Money Like They Used To (B)
‘The RV space is on fire’: Millennials expected to push sales to record highs (C)
Why You’re Being Invited to Fewer Weddings (B)

US politics
Paul Ryan insists tax reform will be different from Obamacare repeal debacle (C)
Trump lashes out over healthcare reform failure (FT)
Where Do Republicans Go After Failure of Health Overhaul? (W)
Now Trump May Try to Kill Obamacare Slowly (B)
Make $150,000 to $300,000? Prepare for Your Taxes to Rise (W)
Trump’s Attacks on Sessions Are Angering His Base in Deep-Red Alabama (B)

Geopolitics & trade
North Korea Fires Test-Missile Capable of Reaching U.S. Shores (W)
Japan Slaps 50% Tariff on Some U.S. Beef (W)
Russia Orders ‘Hundreds’ of U.S. Staff Out in Sanctions Reprisal (B)

Industries & companies
Autos: More allegations against VW emerge on car cartel (FT)
FAANGs: Thanks to Amazon, the most hated stocks on Wall Street right now are retail (C)
FAANGs: Investors Too Wary of the Amazon Effect (W)
Financials: Sapphire Reserve Cards Aren’t Very Rewarding for J.P. Morgan (W)
Financials: Wells to Refund $80 Million to Auto-Loan Customers (W)
Health Care: Insurers Relieved, but Wary, as ACA Repeal Fails (W)
Tobacco: Tobacco Shares Plunge After FDA Proposes Cut to Cigarette Nicotine (B)

Corporate finance
Buyout Firm Blames China-Bashing for Stalled Deal (W)
One by One, Verizon M&A Rumors Aren’t Working Out (B)

Offbeat
At $26.75 a Movie Ticket, Luxury ‘Dunkirk’ Screenings Give Hollywood Hope (B)