wiar 10-18-17

Mary FanslauWhat I Am Reading

Oct 18 (Wednesday)

Markets
Dow Industrials Cross 23000 for First Time (W)
How big is the risk of another Black Monday crash? (FT)
It’s time to think about active money management again (BI)
Trump-Inspired Political Funds Bring Active Twist to ETF Market (B)
An obscure company is ground zero for the biggest debate in the stock market [ETFs] (BI)

Cryptocurrency
Wall Street’s dismissal of bitcoin becoming harder (FT)
Goldman Sachs Says Gold Is Better Than Bitcoin (B)
Goldman and Google Are Among the Most Active Blockchain Investors (B)
What Is an ICO Anyway? A Few Theories (B)

Central banks
Trump Plans to Pick Next Fed Chair Before Nov. 3 Asia Trip (B)
Trump Narrows Fed Leader Search to Five Candidates (W)
The Bank of Japan’s Stealth Taper Is Back (W)
Bernanke: Temporary price-level targeting: An alternative framework for monetary policy (Brookings)

US
U.S. Industrial Production Rose Modestly in September (W)

China
How China’s Financial Cracks Could Spread (W)
Xi Jinping’s Power Plays Set the Stage for a Long Encore (W)
Alibaba’s Tsai: Beijing Doesn’t Have Unlimited Access to Chinese Corporate Data (W)

US politics
Senators Say They’ve Reached Bipartisan Deal to Prop Up Obamacare (B)
Trump Warns McCain: ‘I Fight Back’ (W)
Trump’s Pick for Drug Czar Withdraws Name (W)

Geopolitics
North Korea Warns That Nuclear War Could ‘Break Out Any Moment’ (B)
Nafta Deadlock Forces Ministers to Extend Talks Into 2018 (B)

Industries & companies
Aerospace: Airbus Secures Canadian Wingman in Dogfight With Boeing (W)
FANGs: Amazon Wants to Install Lockers in Your Apartment Building’s Lobby (B)
FANGs: Amazon is adding 1 million square feet of warehouse space a week (BI)
FANGs: Google Serves Fake News Ads in an Unlikely Place: Fact-Checking Sites (N)
Financials: Morgan Stanley’s Earnings Rise on Strength in Wealth Management (W)
Financials: Goldman Sachs Had Good Earnings, but It Could Learn From Morgan Stanley (N)
Insurance: UnitedHealth Revenue Grows Despite ACA Exit (W)
Retail: Wal-Mart Sees ‘Second-Mover Advantage’ in E-Commerce (W)
Tech: Facebook just bought tbh, an app teens are obsessed with that’s at the top of the App Store (BI)
Tech: Barry Diller Says Tech Giants ‘Inevitably’ Will Face More Regulation (W)

Corporate finance
Uber Likely to Reach a Deal With SoftBank in One Week (W)
SoftBank Creates Venture to Buy 8,000 Cellular Sites Across U.S. (W)
Impax Labs, Amneal Pharma Agree to Merge (W)

Technology
GM to test self-driving cars in New York City (FT)

Offbeat
George Soros Transfers Billions to Open Society Foundations (N)