wiar 9-29-17

Mary FanslauWhat I Am Reading

Sep 29 (Friday)

Investors Expect a Stock Market Plunge—and They’re Ready to Buy (B)

Commodities markets swell in size despite price slide (FT)
It’ll Take Oil Above $50 for Shale Boom, Oil Sands to Pay Off (B)

Caltech Gains 17.8%, Among Highest Endowment Returns (B)
Penn’s 14.3% Return Was Boosted by ‘Notable’ Stock Performance (B)
Citadel Returns Money to Some Clients (B)

Central banks
Take the Fed’s Long-Run Forecasts With a Big Pinch of Salt (W)

U.S. Second-Quarter GDP Rose 3.1% (W)
Retiring (Again and Again) in America (B)

Eurozone Business, Consumer Confidence Surges Despite ECB Signals (W)

Abe’s Opponents Unite, Threatening His Hold on Power in Japan (W)

China Sets Tough Electric-Car Production Target (W)

US tax reform
GOP Tax Proposal Expected to Benefit Wall Street Firms (W)
Treasury Secretary Mnuchin: GOP Tax Plan Would More Than Pay for Itself (W)
Cohn Says Trump Is Committed to Ending Carried Interest ‘Loophole’ (B)
Gary Cohn Says He Stayed at White House to Work on Tax Overhaul (B)
These Are No Reagan Tax Cuts (B)

US politics
Senators close to bipartisan deal on health exchanges: Schumer (R)
Beyond the daily drama and Twitter battles, Trump begins to alter American life (R)
Twitter Offers Details of Suspicious Activity in U.S. Election (B)

China to Shut Down North Korea-Connected Businesses (W)
South Korea expects more provocative acts by North Korea in mid-October (R)
How the Trump Administration Is Doing Renegotiating Nafta (N)

Industries & companies
Airlines: JetBlue Wants You to Be Happy With Less Space (B)
Airlines: American Airlines CEO: We’ll Never Lose Money Again (B)
Consumer: Kellogg CEO Bryant to Step Down (W)
Energy: Chevron Names Wirth CEO (W)
Energy: World’s Biggest Oil Company Promised Expats Idyllic Lifestyle—Then Fire Erupted (W)
Pharma: An Easy Way to Cut Drug Costs (B)
Pharma: Washington state sues OxyContin maker Purdue Pharma (R)
Retail: ‘Amazon Effect’ Leads Investors to Sour on Global Retail (W)
Retail: How Adidas’s American Revival Turned Into Scandal (B)

Corporate finance
Corporate America’s patchy disclosure on cash piles (FT)
Toshiba Signs $17.7 Billion Deal With Bain-Apple Group to Sell Chip Unit (W)
Roku Shares Surge in Trading Debut (W)

Musk Heads to Australia to Unveil Progress on Giant Battery, Mars Mission (B)
Amazon’s Alexa Recruited by Perry Ellis to Give Men Fashion Tips (B)

Michael R. Bloomberg: Jeff Sessions Has a Point About Free Speech (B)
Food, Fuel and Medicine Distributed at a Crawl Across Puerto Rico (W)
Tesla Is Sending Battery Packs to Storm-Ravaged Puerto Rico (B)