wiar 8-26-17

Mary FanslauWhat I Am Reading

Aug 26 (Saturday)

Markets
Stocks Emerge as the Only Vigilante on Wall Street (B)
Trillion-Dollar Earnings Yield Keep Stocks Out of Fed Reach (B)
Small-Cap Stocks Make a Comeback (B)

Central banks
Yellen Distances Herself From Trump in Jackson Hole Speech (B)
Fed’s Yellen Defends Postcrisis Regulations (W)
Draghi Holds Off on Monetary Policy Clues, Criticizes Deregulation Push (W)
Draghi Says Protectionism Is a Threat to Global Economic Growth (B)
Draghi’s Drama-Free Jackson Hole Message Reaffirms Slow QE Exit (B)
Kuroda Vows to Maintain Very Accommodative Policy for Some Time (B)

US
Anti-Inflationary Amazon Is Overpowering the Fed (Forbes)
Mobile phone price wars create a data puzzle (FT)
Low rates had little benefit for ordinary Americans (FT)
Business Investment Gains Renewed Momentum (W)

US politics
Mnuchin Says He Was ‘Wrong’ About a Tax Overhaul by August (B)
Mnuchin Confident Congress Will Raise Debt Ceiling (W)
Trump to push for tax reform by year end, says Cohn (B)
Trump Border Wall Shutdown Fight Can Wait, Key Conservative Says (B)
Cohn: Trump Administration Must Do More to Condemn Hate Groups (W)
Mueller Probes If Flynn Had Role in Clinton Emails Hunt (W)

Geopolitics
North Korea Fires Unidentified Projectile to Eastern Sea: South Korea (B)
North Korea fires short-range missiles into Sea of Japan (FT)
Kushner Wraps Up ‘Productive’ Middle East Talks (W)
US business fires warning shot over Nafta shake-up (FT)

Industries & companies
Autos: GM to Address Bolt Cars’ Battery Defect Using Onstar System (W)
Autos: Ford to Look Beyond Credit Scores in Sales Push (W)
Retail: Costco Is Playing a Dangerous Game With the Web (B)
Technology: Google Issuing Refunds Over Invalid Web Traffic (W)

Technology
Amazon robots bring a brave new world to the warehouse (FT)

Offbeat
Hurricane Harvey Bears Down on Texas (W)