wiar 8-05-17

Mary FanslauWhat I Am Reading

Aug 05 (Saturday)

Markets
Dow 22000: What’s Next for This Bull Market? (W)
Record pace set by high-priced Dow Industrial stocks (FT)

Funds
Blackstone named a leader for its massive new infrastructure fund (BI)
Low interest rates bolster EM funds inflows (FT)

Currencies & commodities
Dollar Bears Are Undaunted After Getting Burned by Rally on Jobs (B)
Dollar and Treasury yields lifted by US jobs data (FT)
The Shale Boom Slows Down (B)

Central banks
Analysis: Labor-Market Strength Should Keep Fed Plans on Track (W)
Job Growth Won’t Change the Fed’s Mind on Rates (B)
Pessimistic central banks cannot handle the good news (FT)

US
Strong Employment Data Add to Rosy View of Economy (W)
The Jobs Numbers: Who’s Hiring in America—and Who’s Not (B)
US restaurants and bars drive job creation (FT)
Lower-Wage Americans Finally Get Some Relief in the Job Market (B)
U.S. Trade Gap Narrows 5.9% (W)

US politics
Cohn Says Tax Writers Have to Get Corporate Rate Below 23% (B)
Kelly’s Rules for Trump’s West Wing: Stop Bickering, Get in Early, Make an Appointment (W)
Intelligence Leaks Targeted by Sessions Echoing Trump’s View (B)

Geopolitics & terrorism
Islamic State Behind Failed Bomb Plot at Sydney Airport, Police Say (W)

Industries & companies
Autos: Toyota Gets on Trump’s Good Side With $1.6 Billion Factory (W)
Autos: Toyota tackles Silicon Valley threat with Mazda deal (FT)
FAANGs: Amazon helps explain paradoxes facing investors (FT)
FAANGs: Google Is Working on a News Product to Compete With Snapchat (B)
Financials: RBS Posts First Half-Year Profit in Three Years (W)
Financials: Wells Fargo Says It May Find ‘Significantly’ More Fake Accounts (B)
Pharma: Another Price Squeeze for Drug Makers (W)
Technology: Apple Plans to Release a Cellular-Capable Watch to Break iPhone Ties (B)
Technology: Apple searches for the next big thing (FT)

Technology
That Drone Over Your Home? It’s the Insurance Inspector (W)

Offbeat
Martin Shkreli found guilty on three fraud counts (FT)