wiar 9-01-17

Mary FanslauWhat I Am Reading

Sep 01 (Friday)

Markets
Bulls and Bears Both Can’t Be Right on the Stock Market (MW)
The Bond Market’s Biggest Rally of 2017 Amazes Traders (B)
Watch Out: The Weak Dollar Gives Shareholders Money Illusion (W)
Markets Are About to Find Out What China’s Leadership Reshuffle Means (B)

Funds
Goldman’s Biggest ETF Customer Readies Its Own Rival Funds (B)
Trend-Chasing Quants Catch a Break From Abysmal 2017 Returns (B)
Wall Street’s High-Frequency Traders Are In Trouble (BI)

Oil & gas
Harvey Raises Gasoline Prices (W)
Harvey’s Toll on U.S. Gas Market May Not Emerge Until Next Week (B)
Harvey’s Floods Could Delay 10% of U.S. Fracking (B)
Oil refineries may have released up to 2 million pounds of chemicals in Harvey’s wake (BI)

US
GDPNow Forecast for Third Quarter Is 3.3 Percent
Weak U.S. Inflation Complicates Federal Reserve Plans (W)
U.S. Pending Home Sales Unexpectedly Fall on Lean Inventory (B)
U.S. Consumer Comfort Rises a Seventh Week to Fresh 16-Year High (B)
America’s Jobs Engine Keeps Defying Forecasts for 2017 Slowdown (B)
‘Nonprime has a nice ring to it’: the return of the high-risk mortgage (FT)

Europe
Euro-Area Inflation Gathers Pace as ECB Weighs Future Stimulus (B)
In Win for Macron, Labor Opposition to Overhaul Is Mild—So Far (W)
Plea for ban as Germany faces 300,000 more refugees (FT)

China
China Factory-Price Optimism Surges But Not Everyone’s Convinced (B)

US politics
Mnuchin: White House, Congress to Release Tax Plan in Coming Weeks (W)
In GOP Primaries, Candidates Battle to Be the Trumpiest (W)
Trump’s Impatience Emerging as Biggest Threat to Nafta Agreement (B)

Geopolitics
U.S. Bombers in Show of Force After North Korea Missile (W)
U.S. to Shut 3 Russia Diplomatic Buildings But Expel No Staffers (B)

Industries & companies
Autos: Is the World Ready for a Rolls-Royce SUV? (W)
FANGs: Apple Confirms Sept. 12 Product Launch At New Headquarters (W)
FANGs: Apple Balks at Higher Web-Access Fees After $1 Billion Video Bet (B)
FANGs: Europe’s Grocers Feel Amazon’s Heat (W)
Financials: Wells Raises Tally of Unauthorized Accounts by 67% (W)
Pharma: Read the Fine Print on the $475,000 Price of a Cancer Breakthrough (B)
Pharma: Smaller India Drug Firms Drive Generics Success in U.S. (B)
Tech: Fitbit Aims to Take a Piece Out of Apple With New Smartwatch (W)
Tech: Instagram Opens Up ‘Stories’ on Web to Fuel International Growth (B)
Tech: Microsoft and Amazon steal an AI march on rivals (FT)
Tech: You’re Using Foursquare All the Time. You Just Don’t Know It (B)

Offbeat
Harvey Wasn’t Just Bad Weather. It Was Bad City Planning (B)