wiar 11-03-17

Mary FanslauWhat I Am Reading

Nov 03 (Friday)

Homebuilders tank as the GOP’s tax plan caps a big benefit for homeowners (BI)
The Global Economy Looks Good for 2018 (Unless Somebody Does Something Dumb) (B)

Central banks
Mr. Ordinary: Who Is Jerome Powell, Trump’s Fed Pick? (W)
Powell as Fed pick may not be the non-event it seems (FT)
Trump Considered Keeping Yellen at Fed, Until Mnuchin Spoke Up (B) | Yellen Statement
Powell Inherits a Fed That’s Slowly Earning Bond Traders’ Trust (B)

U.S. Worker Productivity Jumped in Third Quarter (W)

US politics
GOP Sticks With Big, Permanent Corporate Tax Cuts in House Bill (W)
The GOP finally unveiled its massive tax plan that proposes a sweeping overhaul to the system (BI)
House GOP Tax Bill Estimated to Add $1.49 Trillion to Deficit (B)
Trump’s tax plan could bring $250 billion into the US — here are the companies set to benefit most (BI)
The GOP’s tax plan could make it harder to get tax deductions for medical expenses (BI)
Tax Cuts and Jobs Act | Summary (House Ways & Means)

Industries & companies
Autos: Tesla Reveals Time Frame for China Factory (W)
FANGs: Facebook Vows to Sacrifice Growth for Secure Operations (W)
FANGs: Facebook, Take Note: In China’s ‘New Era,’ the Communist Party Comes First (W)
Media: Discovery Communications Says Subscriber Loss Accelerating (W)
Tech: Microsoft’s Futuristic Headset Strategy: Pilots Over Zombie Hunters (W)
Tech: Apple Holiday Sales Outlook Tops Estimates on iPhone X (B)

Corporate finance
U.S. Considers Suit Against AT&T’s Deal for Time Warner (W)

Bitcoin Hits $7,000 as Wall Street Interest Gets Real (W)
Bitcoin soared above $6,900 despite strong regulatory warning from the Securities and Exchange Commission on ICOs (BI)

Climate Change to Affect 10 Million Americans by 2075, CBO Warns (B)