wiar 8-08-17

Mary FanslauWhat I Am Reading

Aug 08 (Tuesday)

Markets
Wall Street marches on as tech stocks set pace (FT)
A bunch of indicators are warning of ‘a break in the stock market.’ (BI)
Morgan Stanley: Warnings about a stock market crash are “out of whack” with reality (BI)
Everyone’s a ‘Buy and Hold’ Investor–For Now (W)
The Infrastructure Rally Crumbles (W)

Currencies & credit
The Dollar Swoon Lifting U.S. Stocks Is Poised to Continue (W)
Investors Jump Back Into the Euro (B)
European blue-chip borrowing costs near record low (FT)

Central banks
Fed Officials Keen to Shrink Balance Sheet Despite Low Inflation (B)
Fed’s Bullard Says Low Inflation Warrants Keeping Rates on Hold (B) | Speech
Monetary Policy’s Role in Fostering Sustainable Growth (Williams, FRB-SF)

US
With market and economy chugging along, some see fewer reasons for tax cuts (C)
GDPNow Forecast for Third Quarter Is 3.7% down from 4% (FRB-ATL)
U.S. Credit-Card Debt Surpasses Record Set at Brink of Crisis (B)

China
China’s Debt Crackdown Gets a Big Shrug From Global Investors (B)
China’s Great Property Pullback (B)

US politics
Recess, Full Plate Keep Heat on GOP Lawmakers (W)
‘Sanctuary City’ Chicago to Sue Trump Administration (W)

Geopolitics
North Korea Says It Would Use Nukes Only Against U.S. (W)

Industries & companies
Autos: Avis, Stung by Falling Used-Car Prices, Reports Disappointing Results (W)
Energy: Keystone XL’s Path Is Up for Grabs (B)
FAANGs: Brands Strike Back: Seven Strategies to Loosen Amazon’s Grip (W)
Tech: United Tech in Takeover Talks With Rockwell Collins (W)

Corporate finance
Tesla to Sell $1.5 Billion in Debt Amid Launch of Model 3
Netflix Makes Its First Acquisition

Technology
The End of Typing: The Next Billion Mobile Users Will Rely on Video and Voice
Robots lack smart, strong, sensitive human touch

Offbeat
Bitcoin’s explosive gains could spell good news for stocks (BI)