wiar 9-13-17

Mary FanslauWhat I Am Reading

Sep 13 (Wednesday)

Markets
Julian Robertson Says FANG Stocks Aren’t Too Rich, the Market Is (B)
Does the Weaker Dollar Push Up Commodities Prices? (W)

Central banks
Janet Yellen and Ivanka Trump Met Over Breakfast as the Fed Race Heated Up (B)

US
U.S. Household Incomes Rose in 2016 to New Record (W)
Hurricanes Irma and Harvey cause Goldman Sachs to slash its outlook for the US economy (BI)
Record Level of Job Openings Doesn’t Mean the Labor Market is Tight (W)
Move Over, Millennials: Generation Z Enters the Workforce (W)
US seeks a fix for its opioid addiction (FT)

Europe
Italian banks’ bad loans drop as economy rebounds (FT)
French Protests Take Aim at Macron’s Labor Reforms (W)
Britain Pledges to Lend Military Might to Europe After Brexit (W)

China
Some Alternative Methods for Tracking Chinese GDP (FRB-SL)
Beijing Forces Markets to Cooperate as Party Congress Nears (W)
Living in China Takes 3½ Years Off Your Life (W)

Emerging
President Moon’s tricky mission to tame Korea Inc (FT)

US politics
Trump Plans Aggressive Road Show to Sell Tax Overhaul (B)
Trump Officials Temper Expectation of 15% Corporate Tax Rate (B)
Mnuchin: Some Services Companies Won’t Get ‘Pass-Through’ Tax Rate (W)
The US government just passed $20 trillion in debt for the first time ever (BI)
Hicks Named Permanent White House Communications Director (W)

Geopolitics
U.S. Threatens China Over North Korea Sanctions (W)
US threatens Chinese banks over North Korea (FT)

Industries & companies
FANGs: Apple’s iPhone X to Cost $999, Include Facial Recognition (W)
FANGs: The Future of the IPhone Is Boring (W)
FANGs: Amazon’s Rapid Rise Put Online Giant on EU’s Tax Hit List (B)
FANGs: Amazon is ramping up its China-based hiring as part of Asian expansion strategy (BI)
Financials: J.P. Morgan’s Dimon Says Trading Revenue Likely to Fall (W)
Financials: Goldman’s New Obsession: Adding $5 Billion in Revenue (W)
Financials: Goldman Sachs sees a $1 billion opportunity in a business aimed at Main Street (BI)
Financials: Goldman Sachs has a plan for its misfiring bond business (BI)
Pharma: Opioid Painkiller Makers Seek to Dismiss State Lawsuit (W)
Retail: Wal-Mart Is Simplifying Its Sprawling U.S. Store Operations (B)
Tech: Samsung Note 8 pre-orders outstrip expectations (FT)

Technology
Robots Are an ETF’s New Best Friend (B)
An artificially intelligent baby could unlock the secrets of human nature (BI)

Mother Nature
A $150 Billion Misfire: How Disaster Models Got Irma Wrong (B)
Irma Destroyed 25% of Homes in Florida Keys (W)
Houston Rethinks Development After Harvey (W)
Hurricane Irma Traumatizes St. Martin (W)

Offbeat
Jamie Dimon Slams Bitcoin as a ‘Fraud’ (B)
There’s a Speeding Mass of Space Junk Orbiting Earth, Smashing Into Things (W)