wiar 8-01-17

Mary FanslauWhat I Am Reading

Aug 01 (Tuesday)

Markets
Market ‘melt-up’ could push stocks to new records, including an S&P 500 rally of 8% (C)
Strong Earnings Lift U.S. Stocks to Gains in July (W)
Investors Are Ditching Tech Stocks at the Fastest Pace Since November 2007 (B)
No Bubble in Stocks But Look Out When Bonds Pop, Greenspan Says (B)

Currencies
Dollar’s Fall Threatens Foreign Stock Markets (W)
Six Months On, ‘Grossly Undervalued’ Euro Has Work to Do (B)

Funds
Fidelity Tries to Out-Vanguard Vanguard With Latest Fee Cuts (B)

Central banks
Europe’s First Rate Hike May Be Coming This Week (B)
Fischer: The Low Level of Global Real Interest Rates (FRB)

US
Greenspan Sees Return of Stagflation Unseen Since 1970s (B)

Europe
Eurozone’s Low Unemployment, Inflation Raise Questions for ECB (W)
Banks May Be Hit With $50 Billion Capital Needs After Brexit (B)
U.K.’s Allure Fades for EU Citizens Looking for Work (W)

China
China Factory Activity Loses Momentum, Signaling Possible Economic Slowdown (W)
U.S. Says It Will Fight ‘Distortions’ Caused by China’s Economy (B)
Multinationals in China brace for online crackdown (FT)

US politics
White House Pushes Aggressive Tax-Overhaul Schedule (W)
Scaramucci Removed at Urging of New Chief Kelly (W)
Can ‘the Mooch’ Return to Wall Street? (W)
Trump’s Insurer Threat Aimed at Reviving Repeal Effort (W)

Geopolitics & terrorism
Pence Delivers Tough Speech on ‘Unpredictable’ Russia (W)
Terror Plot Leads to Security Snarls at Australian Airports (W)

Cybersecurity
HBO Says Some Programming Stolen in Cyberattack (W)
Virgin America Computer Systems Hacked (B)

Industries & companies
Aerospace: Boeing Creates New Avionics and Electronics Unit (W)
Autos: GM Hires Jeep Hackers as Detroit Battles Silicon Valley for Tech Talent (W)
Energy: Tesla Batteries May Back Up Massachusetts Offshore Wind Farm (B)
FAANGs: Executives Are More Worried About Amazon Than Trump Setbacks (B)
Financials: Late Credit-Card Payments Stoke Fears for Banks (W)
Financials: Regulator Won’t Seek Delay of CFPB’s Arbitration Rule (W)
Media: Cable Tie-Up Unites Parents of HGTV and Animal Planet (W)
Retail: Supermarkets Face a Growing Problem: Too Much Space (W)
Technology: China-Backed Fund Plays Big Role in Country’s Chip Push (W)
Technology: Snap Shares Tumble After Insiders Get First Opportunity to Sell (B)

Corporate finance
Earnings shenanigans underpin Wall Street record (FT)
HSBC to Buy Back $2 Billion of Shares as Profit Rises (W)
Discovery buys Scripps in $14.6bn TV channel deal (FT)

Technology
JPMorgan develops robot to execute trades (FT)
Alphabet Sees Power in Molten Salt, a New Moonshot (W)

Offbeat
Los Angeles Reaches Deal to Host 2028 Olympics (W)
Powerful Pacific Typhoon Could Threaten Japan By Weekend (B)
Six Hours of Chaos: A Wild Day Inside India’s Overrun Courtrooms (W)