wiar 8-17-17

Mary FanslauWhat I Am Reading

Aug 17 (Thursday)

Markets
After Surviving Last Week, the Stock Market Is as Resilient as Ever (B)
Bull Market Likely to Be Longest on Record, Oppenheimer Says (B)
Investors should be wary of overvalued US stocks (FT)
Chinese Demand Pushes the Market for Asia’s Dollar Bonds Toward $1 Trillion (B)

Wall Street
Sale of Once Hot High-Frequency Trading Firm Reflects Industry Troubles (W)
Goldman expands algorithmic corporate bond trading (FT)

Central banks
Fed Officials Split Over Timing of Next Rate Increase (W)
Fed Starts to Wonder If Cornerstone Inflation Model Still Works (B)
The Fed Is Asking Questions, Not Providing Answers (B)
Minutes of the Federal Open Market Committee, July 25-26, 2017 (FRB)
Fed’s Fischer attacks moves to unwind regulations (FT)

US
Consumers Strain to Prop Up Recovery (B)
Builders Pull Back on Home Construction Despite Strong Demand (W)
Summer Youth Unemployment Falls to Lowest Level Since 1969 (W)

Europe
Eurozone Growth Spreads, Helped by Dutch, Italian Economies (W)

China
The IMF ups its China growth forecast but sounds the alarm on its debt (BI)

US politics
Trump’s Business Councils Disband After CEOs Defect (W)
Read James Dimon’s Memo to J.P. Morgan Employees (W)
Baltimore Removes Confederate Statues (W)
White House: Health-Insurer Payments Will Be Made in August (W)
Trump Order to Speed Infrastructure Reviews (W)

Geopolitics
Nafta Talks Open With Spat Over Resolving Tariff Conflicts (W)
How Negotiations Could Change Nafta (W)
U.S. Believes North Korea Produces Its Own Rocket Engines (W)
Trump’s Loyal Sidekick on North Korea: Japan’s Abe (W)

Industries & companies
Autos: Fiat joins BMW’s self-driving car programme (FT)
Retail: Icahn and Starboard’s Auto-Parts Retailer Bets Are Taking a Hit Thanks to Amazon (B)
Retail: Target’s Lower Prices Pay Off as Sales Rise (W)
Technology: Apple Readies $1 Billion War Chest for Hollywood Programming (W)
Technology: With a Sales Army of 35,000, Oracle Won Cloud Customers (W)