wiar 10-23-17

Mary FanslauWhat I Am Reading

Oct 23 (Monday)

Markets
What’s Really Driving This Stock Market Higher (BR)
A Record in Records for U.S. Stocks Rallying Sixth Straight Week (B)
Hunt for Yield Fuels Boom in Another Complex, Risky Security [: CLOs] (W)
[Japan,] Land of the Rising Sum (BR)

Central banks
Yellen Defends Legacy Amid Uncertainty Over Fed Leadership (B) | Speech
ECB Taper to Have Ripples From Switzerland to Ivory Coast (W)

US
Is the 10-Year Treasury Signaling a Recession? (BR)
Booming Truck Market Shows the Economy Is Motoring (B)

Europe
Europe’s Chances for a Wage Boom Look Slim (W)
Crisis Deepens as Madrid Moves to Seize Control of Catalan Government (W)

Japan
Shinzo Abe gains big victory in Japan election (FT)
Abe Aims to Change Japan’s Constitution After Election Win (W)

China
China’s leader Xi Jinping declares the start of a “new era” (E)

Emerging
How Saudi Arabia Is Building Its $2 Trillion Fund (B)

US politics
Trump Optimistic on Reaching Tax Plan by Year-End (W)
US budget vote provides sorely needed Republican unity (FT)
Trump says he supports new top tax rate for wealthy (FT)
McConnell Says Hasn’t Given Up on Tax Plan Being Revenue Neutral (B)
How Money Managers Plan to Battle 401(k) Cuts in Trump’s Tax Plan (B)
Schumer Says Bill to Prop Up Obamacare Has Votes to Pass Senate (B)
Trump Plan for Coal, Nuclear Power Draws Fire From Environmental, Oil Groups (W)
Tillerson, Cohn Are Free to Leave White House (BR)

Geopolitics
Tillerson Calls on Europe to Back Latest Sanctions on Iran (B)

Cybersecurity
Data Breaches: An Artifact of Indifference (BR)

Industries & companies
Autos: Tesla to Build Factory in China (W)
FANGs: How Facebook’s Master Algorithm Powers the Social Network (W)
Industrials: GM’s Stock Gets a Charge as It Gears Up to Take On Tesla (W)
Tech: Breaking Up Tech (BR)
Tech: Investors snap up US tech stocks (FT)
Tech: SoftBank Is the Berkshire Hathaway of Technology, Bernstein Says (B)

Technology
The latest AI can work things out without being taught (E)

Offbeat
Trump to Allow Release of Classified JFK Documents (W)
‘Wolf of Wall Street’ warns ICOS are ‘biggest scam ever’ (FT)