wiar 10-21-17

Mary FanslauWhat I Am Reading

Oct 21 (Saturday)

Markets
Bitcoin Breaches $6,000 for the First Time (B)
Japan’s SoftBank Plans Second Giant Tech Fund (W)

Credit & commodities
Bond Traders Wrestle With Two Extremes for the Fed in Powell and Taylor (B)
Kobe Steel Finds More Products Shipped With Quality Issues (W)
Trash Talk: Price of Recyclables Sinks After China Bans U.S. Scrap (W)

Wall Street
Goldman Is Pricing Credit Research as Low as $200 Per User (B)
Robots Are Winning as AI-Powered ETF Beats the Market, BofA Says (B)

Central banks
AI offers clues to hawks and doves circling the Fed (FT)
How High Could Rates Go if Taylor Becomes Fed Chair? (W)

US
Housing-Supply Shortage Weighs on Home Sales (W)
Drop in Teen Birthrate Helps Drive Decline in Fertility (W)
Wisconsin’s Foxconn Deal Highlights How States Dangle Cash as a Lure (W)

Europe
EU demands ‘firm and concrete’ Brexit divorce offer (FT)
Brussels threatens to cut Turkey’s accession funds (FT)

US politics
GOP Gears Up for Tax Overhaul (W)
The Senate passes its budget, clearing a huge hurdle for Trump’s tax plan (BI)
Republicans could now unexpectedly try to “steamroll” Trump’s massive tax plan through Congress (BI)
Republicans are considering a proposal that would radically change the way you save for retirement (BI)

Geopolitics
N Korea ‘months’ away from ability to strike US, says CIA (FT)
Japan’s Abe Parlays N. Korea Threat Into Favored Electoral Victory (W)

Industries & companies
Autos: Daimler Earnings Hit as Diesel Scandal Lingers (W)
Consumer: Procter & Gamble Puzzled by Weak Consumer Spending (W)
Industrials: GE Slashes Outlook, Will Exit Businesses Totaling $20 Billion (W)
FANGs: How the FANG Rally May Fade (B)
FANGs: US cities shower Amazon with offers of tax breaks (FT)
Financials: AmEx Chief’s Mission: Get Millennials, Keep the Rich (W)
Financials: Wells Fargo Fires 4, as Woes Spread to Investment Banking (W)
Tech: Microsoft Joins the Home-Speaker Party With Invoke (W)

Offbeat
The World’s Next Environmental Disaster [in India] (W)