wiar 9-19-17

Mary FanslauWhat I Am Reading

Sep 19 (Tuesday)

Markets
U.S. Stocks Are Front-Running Third-Quarter Earnings Beats (B)
Americans Place Highest-Ever Odds Stocks Will Appreciate (B)
Energy stocks power Wall Street’s record-breaking run (FT)

Central banks & BIS
Fed Is About to Embark on the Great Unwinding (W)
As Fed Sets to Unwind, How Far Should It Go? (W)
Debt Limit Deal Gums Up Treasury’s Plan for Handling the Fed Taper (B)
Fed to play it safe in face of inflation jitters (FT)

US
Sorry, You Are Probably Not Getting a Raise Next Year (W)

Europe
Annual inflation up to 1.5% in the euro area (Eurostat)
Boris Johnson Taunts Theresa May by Refusing to Say If He’ll Quit (B)

China
China Increases U.S. Treasury Holdings to Almost One-Year High (B)
China Scrambles to Catch Up With Runaway Boom in Fintech Spending (W)

US politics
McCain Holds Out as GOP Wages Last-Gasp Push to Repeal Obamacare (B)
Trump Needs a Win? Infrastructure Should Be a ‘Gimme’ (B)
Nancy Pelosi Just Got Shouted Down by Activists Over Deal With Trump (B)

Geopolitics
U.S. Sends Warplanes on Korean Peninsula Bombing Exercise (W)
Key Question at the U.N.: What Does North Korea Want? (W)
Trump Takes an Agenda of Change to the U.N. (W)
Iran Accuses U.S. of Sabotaging Nuclear Deal Ahead of Talks (W)

Industries & companies
Autos: Porsche’s stunning Tesla rival will arrive in 2019 and cost $85,000 (BI)
Defense: Northrop Grumman Looks to Get Foothold in Military Space Race (W)
FANGs: US Senate investigators train sights on Facebook (FT)
Retail: Toys ‘R’ Us Plans Bankruptcy Filing as Soon as Today (B)
Retail: Filing ‘Chapter 22’ Becomes Enticing Option for Ailing Retailers (B)

Cybersecurity
States using ‘off the shelf’ hacks, warns Google (FT)

Corporate finance
‘Buyback trade’ fizzles as stock repurchases slow (FT)
Northrop Grumman is buying missile and rocket maker Orbital for $7.8 billion (BI)
Slack has been valued at $5.1 billion after new funding led by SoftBank (BI)
Roku Expects IPO to Raise More Than $200 Million (W)

Technology
Shape-Shifting Car? Patents Point to Autos’ Future (W)
GE Is Working on Robot That It Says Can Save $200 Billion of Power (B)
Biometrics like Face ID are coming to your smartphone whether you like it or not (BI)
Auditing burden to fall as accountants embrace AI (FT)

Bitcoin
Bitcoin’s Wild Ride Shows The Truth: It Is Probably Worth Zero (W)
Biting Back on Bitcoin, Central Banks Chew Over Introducing Cryptocurrencies (W)
China Set to Widen Bitcoin Crackdown (W)

Offbeat
Private K-12 School in NYC Crosses the $50,000-a-Year Mark