wiar 8-31-17

Mary FanslauWhat I Am Reading

Aug 31 (Thursday)

Markets
From Stocks to Bonds, the Bear-Market Signals Are Multiplying (B)
The New York Stock Exchange wants to delay when companies can drop big news after the closing bell (BI)
Buffett Says Stocks Are ‘Less Attractive’ But Still Beat Bonds (B)

Credit
Republican Tax Plan Poses Risk to U.S. Bond Market (W)
Emerging-Market Bonds: The Stars Align (W)

Oil
Gasoline jumps, crude down; Harvey shuts 24 percent of U.S. refining (R)
Fallout From Harvey to Disrupt Energy Markets Around the World (R)

Central banks
After the flood, Fed likely to see little change in economy, policy course (R)

US
U.S. Second-Quarter Growth Revised to 3% in Momentum Boost (B)

Europe
Eurozone Economic Sentiment Hits 10-Year High (W)
Tech sector struggles with new EU data protection (FT)

China
Beijing Shows Its Power With China’s Latest Megamerger (W)

US politics
Trump: Once-In-Generation Chance for Tax Overhaul (B)
Trump Pitches Business Tax Cut to Middle Class (W)
The Goldman guys in the White House hinted their tax plan has some gifts for Wall Street (BI)
TRUMP: I don’t ‘want to be disappointed by Congress’ on tax cuts (C)
Government Shutdown Costs Could Exceed Trump’s $12 Billion Wall (B)

Geopolitics & terrorism
Trump Says Talk With North Korea Done as Mattis Urges Diplomacy (B)
North Korea renews Guam threat after Trump warning (FT)
South Koreans Feel Sidelined by U.S. in North Korea Debate (W)
NATO Will Send Three Observers to Russian Military Exercise (W)
U.S. Delivers Airstrikes to Block Islamic State Convoy (W)

Industries & companies
Autos: Toyota Grabs Bigger Piece of Ride-Hailing Action (W)
Biotech: FDA Approves First Gene Therapy (W)
FANGs: Amazon Will Need to Cut Whole Foods Prices More to Beat Wal-Mart (B)
FANGs: Apple App Store’s Chinese Customers Get New Way to Pay (W)
FANGs: How Apple Plans to Change the Way You Use the Next iPhone (B)
Financials: New Worry in ‘Repo’: Just One Bank for $3.5 Trillion Market (W)
Insurance: Insurers Are Set to Use Drones to Assess Harvey’s Damage (W)
Pharma: New Novartis cancer drug among most expensive ever (FT)
Tech: New Uber CEO Hints at 2019 IPO (B)

Technology
Amazon’s Alexa and Microsoft’s Cortana Can Soon Talk to Each Other (W)
A slew of Apple auto engineers reportedly left to join the self-driving car startup Zoox (BI)

Offbeat
‘Vacation shaming’ is preventing millennials from taking time off work (BI)