wiar 8-29-17

Mary FanslauWhat I Am Reading

Aug 29 (Tuesday)

Markets
Insurers Among Biggest Decliners in S&P 500 as Harvey Costs Loom (B)
Wall Street Vets From Dalio to Gundlach Warn on Emerging Markets (B)
In a Blast From a Financial Crisis Past, CDOs Are Back (W)

Oil
Oil prices are surging on Harvey as the storm brings refinery closings (BI)
10 oil refineries in Texas have been shut down because of Hurricane Harvey (BI)

Central banks
What would a Gary Cohn-led Fed look like? (FT)

US
Unemployment’s Steady Fall Could Signal Trouble—or a Broader Structural Shift (W)
In St. Louis, a Rare Effort to Lower the Minimum Wage (W)
Smith: How the Top 1% Keeps Getting Richer (B)
This Is How Much Your Kids Are Worth (B)

Europe
It’s getting less likely that Britain will actually secure a Brexit deal (BI)

Japan
A happier Japan is a concern for investors (FT)

China
China Is Creating the World’s Largest Power Company (B)
Chinese regulators are preparing new regulations on digital coin offerings (BI)

US politics
Trump’s Pivot to Taxes Is Fraught With ‘Pitfalls Everywhere’ (B)
Are Trump’s August Controversies Careless—Or Calculated? (W)
Lawyer Says He Discussed Moscow Tower Plan With Trump Three Times (B)

Geopolitics
Can Trump deliver on his threat to pull out of Nafta? (FT)

Industries & companies
Energy: Harvey’s Hit Offers Lessons for Energy (W)
FANGs: Amazon Cuts Whole Foods Prices as Much as 43% on First Day (B)
FANGs: Amazon Rewrites Rule Book for Grocers (W)
FANGs: Apple to Hold Product Launch Event on Sept. 12 (W)
Financials: Regulators, Auto Lenders Dig Into Customer-Refunds Process (W)
Pharma: Gilead to Buy Kite Pharma for Roughly $11 Billion (W)
Retail: Best Buy and Amazon Bring Back the Traveling Salesman (W)
Technology: Uber Gets a Lift From CEO Pick (W)
Technology: New Uber CEO Khosrowshahi Faces Daunting Fix-It List (B)
Technology: Samsung’s Message to Employees: Keep Calm and Carry On (W)
Tobacco: NYC Boosts Price of Cigarettes to $13, Bans Sales by Pharmacies (B)

Harvey
Harvey to Hit Flooded Houston Again (W)
Harvey Costs Seen at Catastrophic Levels With Many Uninsured (B)
Harvey Unlikely to Damage Insurers’ Balance Sheets (W)

Offbeat
Who is the sucker when robot trades against robot? (FT)
FDA Expanding Authority Over Stem-Cell Facilities (W)
Kenyans risk 4 years in jail for using plastic bags (FT)