wiar 10-13-17

Mary FanslauWhat I Am Reading

Oct 13 (Friday)

Markets
Fed Study Suggests Trump May Have Fed to Thank for Stock Rally (B)
Record $6.6bn flows into global equity funds (FT)
The New Rules That Could Make ETFs Unstoppable (B)

Central banks
Trump Interviews Stanford Economist Taylor for Top Fed Job (W)
Draghi Says ECB’s Negative Rates Have Been a Success (W)
ECB policymakers hone in on stimulus extension at lower volumes (R)

US
U.S. producer inflation, labor market strengthening (R)
Don’t Worry About Inflation. Solve the Housing Shortage. (B)

US politics
GOP Struggles to Win Over Dissidents on State, Local Tax Break (B)
House GOP May Keep Partial State and Local Tax Deduction (W)
Republicans eye alternatives for getting to 20 percent corporate tax rate (R)
Economists Split Over GOP Tax Plan’s Long-Term Effects on Growth (W)
Trump Signs Order Expected to Weaken Health-Care Law (W)
Trump’s Chief of Staff Says He’s Not Quitting or Being Fired (B)

Geopolitics
US demands World Bank overhaul of lending to China (FT)
Trump Says Separate Trade Pacts With Canada, Mexico Could Replace Nafta (W)
Palestinian Authority, Hamas Reach Reconciliation Deal (W)
Three scenarios if Trump decertifies Iran nuclear deal (FT)
Facebook to Disclose Targets of Russia-Backed Election Ads (W)

Industries & companies
Autos: GM to Idle Detroit Car Factory Amid Slow Demand (W)
FANGs: Amazon to Add 120,000 Holiday Workers, Same as Last Year (W)
Financials: US banks pinched by Trump policy gridlock (FT)
Financials: Cost Cuts, Credit-Card Lending Buoy Bank Earnings (W)
Financials: Goldman Sachs Is Buying A House-Flipping Lender (W)
Media: Cord-Cutters Sap AT&T’s TV Business (W)
Tech: Samsung projects record Q3 profit on memory chip demand (FT)

Technology
Electric cars: China’s highly charged power play (FT)

Cytotechnology
Bitcoin Mania Takes Off as Cryptocurrency Surges Past $5,000 (B)
Global Demand for Bitcoin Shifts Wildly in Response to Regulation (B)
Dimon: ‘I’m Not Going to Talk About Bitcoin Anymore’ (B)

Offbeat
Officials Search for Missing in California Wildfires (W)