wiar 9-15-17

Mary FanslauWhat I Am Reading

Sep 15 (Friday)

Welcome to the ‘Seinfeld market’ — a bull market about nothing (C)
Obama-Trump bull market is now up 268% (NN)
Inflation’s Low. That’s Not Enough To Justify Expensive Stock Markets (W)
‘Davos for ETFs’ to convene in San Sebastián (FT)

Central banks
Fed to take historic leap into the unknown (MW)
US inflation at seven-month high before Fed meeting (FT)
BOE Signals Rate Rise as Banks Edge Away From Easy Money (W)

August Consumer Prices Rose 0.4% (W)
One Reason to Discount U.S. Inflation Bounce: Hurricane Harvey (B)
The Life of a Contract Worker Is a Grind of Snubs, Anxiety and Stagnation (W)
Shortage of Insurance Adjusters Could Stall Florida’s Recovery (W)

Why is China suddenly issuing $2 billion of dollar debt? (MW)
Saudi Arabia Clamps Down as Prince Consolidates Power (W)

US politics
Trump Makes Deal Priority Over Party (W)
GOP to Release Tax Overhaul as Trump Says Rich Won’t Benefit (W)
What Trump Has Said About Taxing the Wealthy (W)
Orrin Hatch says corporate-tax rate could go as low as 20%, favors retroactive cuts (MW)
Bernie Sanders Is Changing the Democratic Party (B)

North Korea Threatens to Use Nuclear Weapon to ‘Sink’ Japan (B)
North Korea conflict could cripple these oil and chemical facilities (C)
YouTube Pulls North Korean Videos (W)
Tillerson Says Iran ‘Clearly in Default’ of Nuclear Deal’s Terms (B)
U.S. Expected to Renew Waiver of Sanctions on Iran (W)

Equifax Blames Data Breach on Exploited Server Software (W)
Thank You for Calling Equifax. Your Business Isn’t Important to Us (B)

Industries & companies
FANGs: Amazon Sees Snack Sales Surge as Part of Its Grocery Push (B)
FANGs: Kroger Won’t Beat Amazon With a Restaurant (B)
FANGs: Google set to change free access to news sites (FT)
Financials: Big Banks Are Still Bullish on Big Banks (B)
Financials: Fannie, Freddie Shares Jump on Hopes Companies Can Build Capital (B)
Financials: Munich Re warning on hurricanes set to be first of many (FT)
Tech: Oracle Delivers Revenue and Profit Increases (W)
Tech: Don’t Expect Your Carrier to Help Pay for Your $1,000 iPhone (W)

Corporate finance
Amazon’s Grocery Threat Could Ramp Up Food M&A (B)
Nestlé buys US hipster coffee business Blue Bottle (FT)
Dole Food Exploring a Sale (W)
United Tech-Rockwell Deal Faces Potential Antitrust Obstacle (W)
SoftBank Wants Big Chunk of Uber, But at Steep Discount (W)

Tesla’s electric semi truck is a ‘beast,’ Elon Musk says (MW)

Coincidence or Not? North Korea, China and the Bitcoin Bears (B)
Bitcoin Crashes After Chinese Exchange Says It Will Halt Trading (B)
Who Needs Venture Capitalists When You Have Initial Coin Offers? (W)

Investment consultants move into regulatory spotlight (FT)
Why One Cardiologist Has Drunk His Last Diet Soda (W)
Truckers Are in No Hurry to Have Their Hours Tracked (W)