wiar 8-11-17

Mary FanslauWhat I Am Reading

Aug 11 (Friday)

Markets
Dow Tumbles as North Korea Tensions Persist (W)
VIX’s Highest Close Since Election Sparks Record Rush to Protect (B)
Dalio Recommends Gold as Hedge Against Rising Political Risk (B)

Oil
Oil hits 11-week high as Opec raises demand forecast (FT)
Andurand’s $100 oil bet stands out from the herd (FT)

Central banks
Dudley Says Inflation Will ‘Take Some Time’ to Reach Fed’s Goal (B)

US
Today’s Financial Crisis: We Forgot the Financial Crisis of 2007 (W)
Workers’ Pace Curbs Growth (W)
Do Businesses Need Foreign Workers? Martha’s Vineyard Is Finding Out (W)

Europe
France urges ‘new momentum’ over US tech groups tax (FT)

China
Chinese economy ‘kidnapped’ by property bubble (FT)
In China, Surveillance Cameras Offer Reality TV to Internet Viewers (W)

Emerging
Brazil Budget Worries Too Much to Take for Foreign Investors (B)
EM’s quiet bull run attracts little investor love (FT)

US politics
Trump Declares Opioid Epidemic a National Emergency (W)
Trump ‘Very Disappointed’ in McConnell Over Obamacare Inaction (B)
Trump Says He Hasn’t Considered Firing Mueller (W)
Talking Taxes: How to Bring Offshore Profits Home (W)

Geopolitics & terrorism
Trump Escalates Rhetoric Against North Korea (W)
North Korea and Trump Leave Beijing With Few Options (W)
FBI Says ISIS Used eBay to Send Terror Cash to U.S. (W)

Industries & companies
Retail: Macy’s and Kohl’s Slow Sales Slump, but Investors Still Spooked (W)
Technology: Snap’s Loss Nearly Quadruples (W)

Corporate finance
US home rental giant created in $20bn deal (FT)

Offbeat
Lawsuit Says Seattle’s ‘Tax-the-Rich’ Measure Violates State Constitution (W)