wiar 8-19-17

Mary FanslauWhat I Am Reading

Aug 19 (Saturday)

Markets
Pet Stocks Are Beating the Market (B)
Traders Might Be About to Get a Big Buy Signal for U.S. Stocks (B)

Credit & commodities
Risk Off: High-Yield Bond Fund See Biggest Redemptions in 6 Months (B)
‘Bitcoin Cash’ Jumps 86%, Now the Third-Most Valuable Digital Currency (W)

Central banks
Yellen to Speak on Financial Stability at Jackson Hole Next Week (W)

SEC
New Audit Rule Could Bring Sunshine to U.S. Markets (W)
SEC dropped case against 2 ex-JPMorgan traders over $6.2 billion ‘London Whale’ fiasco (BI)

US
U.S. Consumer Sentiment Rose in August (W)

China
China Tightens Rules on Cash Leaving Country as Growth Slows (W)
China Codifies Crackdown on ‘Irrational’ Outbound Investment (B)
The Chinese government is limiting overseas investment in property (BI)
Cambridge University Press Removes Articles From Chinese Website (W)

Emerging
EM funds see first weekly withdrawals in five months (FT)

US politics
Steve Bannon, Controversial Aide to Trump, Is Out (W)
Manchin Says He Won’t Join Trump’s Cabinet as Energy Secretary (B)
Boston Prepares for Right-Wing Protests (W)

Geopolitics & terrorism
Mattis, Tillerson Say North Korea Could Face U.S. Military Response (W)
North Korean Threat Spurs an Identity Crisis on Guam (W)
Japan plans new missile shield against North Korea (FT)
Barcelona Terrorists Planned Bigger Attack With Explosives (B)
Trump Pressures Courts on Border Restrictions, Says U.S. Must Be ‘Tough’ (W)

Cybersecurity
Trump Boosts U.S. Cyber Command’s Status in Military Chain (B)

Industries & companies
Consumer: Congress Weighs Expanding FDA Power to Regulate Beauty Products (W)
FAANGs: Google Tests Subscription Tool for Publishers (B)
Financials: Credit card providers count the cost of freebies (FT)
Financials: Wrong-Way Gas Bet Fueled Goldman’s Swoon (W)
Industrials: Deere beats on earnings and boosts its forecast for the year (BI)
Retail: Wal-Mart Applies for Patent for Blimp-Style Floating Warehouse (B)
Retail: RBC: ‘Everyone who was going to shop at Walmart already shops at Walmart’ (WMT) (BI)
Retail: Gap crushes earnings and raises guidance (BI)
Retail: Old Navy Is Wearing the Pants in Gap’s Turnaround Effort (B)
Retail: Foot Locker is crashing after a big earnings miss (BI)
Technology: Higher Costs Chip Away at Lenovo’s Profitability (W)

Corporate finance
AT&T-Time Warner Deal Review Nears Final Stages (W)

Offbeat
Superstitious Stock Traders: Beware of an Eclipse Crash (B)
A Viewer’s Guide to How, When and Where to Watch the Eclipse (W)
What Happens to Solar Power in an Eclipse? We’ll Find Out Monday (N)