wiar 9-21-17

Mary FanslauWhat I Am Reading

Sep 21 (Thursday)

Markets
We’re officially in the 2nd-largest bull market since World War II (BI)
BLOOMBERG: ‘I cannot for the life of me understand why the market keeps going up’ (BI)
It’s Not Just Toys ‘R’ Us. More Credit Weak Spots Emerge (B)

Central banks
Fed Unveils Plan to Pare Holdings, Hints at Another Rate Rise (W)
Parsing the Fed: How the September Statement Changed From July (W)
The Fed’s New Dot Plot Signals Three Hikes in 2018 (B) | SEP
ECB’s Top Officials on Parade Ahead of Critical October Decision (B)

Global
World Economy Is Set to Grow at Fastest Pace Since 2011 (B)
Interim Economic Outlook release of 20 September 2017 (OECD)

US
U.S. Existing-Home Sales Fall to a One-Year Low After Harvey (B)
U.S. Businesses Plan to Hire More as Tax-Overhaul Prospects Tantalize CEOs (W)
For Holiday Hires, It’s Already Beginning to Look a Lot Like Christmas (W)
The Consequences of the U.S. Baby Bust (B)

Europe
The Secret of Angela Merkel’s Longevity: Strategic Flip-Flops (W)
AfD sets populist course to heart of German politics (FT)
Italy’s 5 Star Movement Looks to Candidate With Mainstream Appeal (W)

Emerging
India Has a Big Jobs Problem, and It Could Be Getting Worse (B)
China Rushes to Surpass U.S. in Decoding Citizens’ Genes (W)

US politics
U.S. Demands Changes to Iran Nuclear Deal, Tillerson Says (W)
This last-ditch effort to repeal Obamacare is really all about tax cuts (BI)
Obama Goes From White House to Wall Street in Less Than One Year (B)

Geopolitics
Trump Threatens to ‘Totally Destroy’ North Korea in the Event of War (B)
Trump Makes Decision on Iran Deal—but Won’t Disclose It Now (W)
Russia rebukes Trump over Iran, North Korea, accuses U.S. of missile treaty breach (R)

Industries & companies
FANGs: Apple Falls After Analyst Report Indicates Weak iPhone 8 Demand (B)
FANGs: Apple Watch Series 3 Review: Untethered… and Unreliable (W)
FANGs: Apple Acknowledges Cellular Connectivity Problem in Watch (W)
FANGs: Why Amazon Needs Some Cities More Than They Need Amazon (W)
FANGs: Alphabet’s Nest Takes on Home Security With Alarm Kit, Doorbell (B)
FANGs: Google Is Set to Buy Part of Taiwanese Phone Maker HTC (W)
Pharma: Pfizer Alleges J&J Thwarted Competition to Remicade (W)
Retail: Best Buy is the latest victim of the retail apocalypse as pressure from Amazon sends shares plunging 10% (BI)
Retail: Heavy Debt Crushed Owners of Toys ‘R’ Us (W)
Retail: Toys ‘R’ Us Will Live Because Mattel and Hasbro Can’t Let It Die (B)
Tech: U.S. Tech Giants in EU Crosshairs as Tax Clampdown Takes Shape (B)

Corporate finance
Merger plan reforges European steel sector (FT)
Toshiba seals $18bn memory chip sale to Bain-led group (FT)

Technology
Amazon working on wearables to interact with Alexa (FT)

Mother Nature
Death Toll in Mexico Earthquake Reaches 227 (W)
Hurricane Maria Slams Puerto Rico (W)