wiar 9-08-17

Mary FanslauWhat I Am Reading

Sep 08 (Friday)

Markets
Financial Stocks Slide, Along With Treasury Yields (W)
These Insurers Are Tumbling on Fears of Hurricane Irma Damage (B)
Airline Stocks Tumble as Hurricanes Add to Growth Concerns (W)
Goldman Sachs’s New Bond ETF Shuns the Riskiest Debt (B)

Central banks
White House Considering at Least Six for Fed Chair (B)
Fischer’s departure shows weaknesses in the Fed (FT)
Low Inflation Gives Fed Pause on Raising Rates Again This Year (W)
ECB Weighs Ending Stimulus as Fed Calibrates Its Easy Money Stance (W)
Europe’s Stock Market Bulls Don’t Need Draghi to Keep Buying (B)

US
Don’t Look Now, But Productivity Is Finally Rising (B)
Three Dangerous Words for an Investor: Inflation Is Dead (W)
Opioid Epidemic May Be Keeping Prime-Age Americans Out of the Workforce (W)
U.S. Jobless Claims Soar by Most Since 2012 on Hurricane Harvey (B)
5 facts about Millennial households (Pew)

China
Yuan’s Sharp Rise Muddles China’s Growth Picture (W)

US politics
Senate Passes Debt-Limit Deal Trump Struck With Democrats (B)
GOP Cites Progress in Tax Talks; 15% Corporate Rate Is Doubted (W)
Paul Ryan just signaled that Republicans won’t deliver on one of Trump’s biggest tax cut promises (BI)
Trump’s souring on Cohn has ominous implications for the one thing Wall Street cares about most (BI)
Trump Jr. Hoped Russian Lawyer Had Insight on Clinton’s ‘Character’ (W)

Geopolitics & cybersecurity
As World Watches Kim, China Quietly Builds South China Sea Clout (B)
Trump says N Korea military action ‘not inevitable’ (FT)
Twitter Is Expected to Brief Senate Panel on Activity by Russians (W)
Senator Says Facebook’s Russian Ads Suggest Need for New Law (B)
Equifax Says Cyber Attack May Have Hit 143 Million Customers (B)

Industries & companies
Consumer: Benevolent Bacon? Nestle And Unilever Gobble Up Niche Brands (W)
FANGs: Amazon Seeks Prime Location for $5 Billion Second HQ (W)
FANGs: Few Cities Could Accommodate Amazon’s New Headquarters (B)
Industrials: GE’s Slump to Deepen Even After $64 Billion Slide, JPMorgan Says (B)
Media: Disney sinks after CEO Bob Iger gives disappointing guidance (BI)
Media: Disney to Include ‘Star Wars,’ Marvel Movies on New Streaming Service (W)
Media: Comcast warns it’s going to lose as many as 150,000 video subscribers in the third quarter (BI)
Pharma: Eli Lilly to Cut 8% of Workforce (W)
Retail: Restoration Hardware explodes after crushing earnings and raising guidance (BI)
Retail: Starbucks could be an “indirect casualty” of the retail apocalypse (BI)
Tech: iPhone’s Summer Production Glitches Create Holiday Jitters (W)
Tech: Next iPhone’s Big Problem Is Winning Over China’s Jaded Consumers (B)

Technology
Brain-Computer Interfaces Are Already Here (B)
Washington sets out rules of the driverless road (FT)
Google parent backs machine-learning cancer treatment (FT)

Irma
Back-to Back Hurricanes to Test FEMA (W)
Hurricane Irma to Test New Codes Put in Place After Andrew (W)
Irma on Collision Course With Miami After Wrecking Caribbean (B)
Why Florida Is Largely Insured by Companies You’ve Never Heard Of (W)
Gas Shortage in Florida Gets Worse as Drivers Flee Irma (W)

Harvey
How Hurricane Harvey Will Ripple Through the U.S. Economy (W)
Houston CEOs Race to Mend a Storm-Battered Workforce (W)
The Next Hurricane-Related Shortage: Construction Workers (W)

Offbeat
Hurricane Jose is expected to become a major hurricane by Friday (BI)
Hi Mom, Stop Sending Me Voice Messages (W)