wiar 10-27-17

Mary FanslauWhat I Am Reading

Oct 27 (Friday)

Markets
Stocks Climb on Earnings, ECB Plan to Slow Bond Buying (W)

Central banks
ECB to Scale Down but Extend Bond-Buying Program (W)
Draghi Goes Lower for Longer in Overhauling Bond Buying Plan (B)
Draghi refuses to call end to ECB crisis measures (FT)
Draghi pulls off dovish trick with QE ‘downsize’ (FT)
Ray Dalio Is Worried About the Bond Market (B)

US
U.S. Pending Home Sales Weaker Than Forecast, Held Back by Irma (B)
The Industries Hiring The Most College Grads In 2018 (F)
Nearly half of Americans have a family member or close friend who’s been addicted to drugs (Pew)
Trump Declares Opioid Addiction a Public Health Emergency (B)
Among developed nations, Americans’ tax bills are below average (Pew)

Europe
Italy’s Parliament Approves New Electoral Law (W)
Germany’s left fears years in the wilderness (FT)

China
China Wants to Talk Less About Growth Targets (W)
Xi’s Next Step: Demand More Fervor From China’s Communist Party (W)

Emerging
Saudi Arabia’s Blueprint for a Sci-Fi Megacity (B)

US tax reform
House Approves Budget Plan, Paving Way for Tax Action (W)
The Race for a Major Tax Overhaul Is On. [SALT is] One Big Obstacle (B)
Senate GOP Wants to Pass Tax Plan by Thanksgiving (B)

US politics
Democrats Are United Against Trump, Divided on Everything Else (W)
Ryan Says FBI to Give Documents Related to Trump-Russia Dossier (W)
How Rex Tillerson Is Remaking the State Department (B)

Industries & companies
FANGs: Amazon beats on profit after Prime Day sales surge (R)
FANGs: Here’s What CEOs Are Saying About Amazon’s Plans for Domination (B)
FANGs: Amazon gains wholesale pharmacy licenses in many U.S. states: report (R)
FANGs: Alphabet Third Quarter Earnings Beat Estimates (B)
FANGs: iPhone 8 Posts Weak Initial Sales, Pressuring iPhone X (W)
Financials: How Wall Street Scored Its Big Win in Congress (W)
Financials: Deutsche, Barclays Feel the Investment Bank Burn (W)
Industrials: GE Explores Exiting From the Railroad Business (W)
Insurance: Global insurers look to raise rates after catastrophic quarter (R)
Tech: Microsoft’s profit beats estimates on gains from cloud services (R)
Tech: Intel raises full year revenue, profit forecast (R)
Tech: Twitter Overstated Users; Shares Jump as Loss Narrows (W)
Tech: Western Digital revenue beats estimates (R)

Offbeat
Towering Border-Wall Prototypes Unveiled (W)
Time To Update Your Vacuum Cleaner — Hack Turns LG Robot Hoover Into A Spy (F)