wiar 11-17-17

Mary FanslauWhat I Am Reading

Nov 17 (Friday)

Markets
Small-caps rally with House vote on tax bill (C)
An Index Reshuffle Could Rip the FANGs Out of Your ETFs (B)
Treasury’s New Approach to Debt: Go Short (W)

Central banks
Fed’s Williams: Time For Central Bankers to Weigh New Policy Toolkit (W)
Fed’s Brainard: Consumers Need Control of Their Financial Data (W)

China
China’s central bank injects $47bn into financial system (FT)

US politics
House Passes Tax Bill in First Step Toward Historic Overhaul (B)
The GOP tax plan just passed the House, but the Senate’s bill is officially ‘in trouble’ (BI)
If Trump’s new tax plan passes and you make $500,000 a year, you’re about to get screwed (BI)
Sen. Al Franken Faces Allegations of Sexual Misconduct (W)
Trump Wants Alabama Voters to Decide Moore’s Fate, Sanders Says (B)

Geopolitics
Unification North Korea Wants Won’t Happen, South Says (W)

Industries & companies
FANGs: Amazon is transforming Whole Foods into a tech store (BI)
Media: BuzzFeed Set to Miss Revenue Target, Signaling Turbulence in Media (W)
Pharma: The FDA is strengthening its warnings about heart attack and stroke risks associated with common pain drugs (BI)
Retail: Wal-Mart Posts Strongest U.S. Sales in Nearly a Decade (W)

Corporate finance
Caesars Entertainment to Buy Indiana Casinos in $1.7 Billion Deal (W)
Comcast Approached 21st Century Fox About an Acquisition (W)
Comcast and Verizon Are Interested in Fox’s Film, TV Assets (B)
Barnes & Noble Shares Surge on Report Activist Is Seeking a Buyout (B)

Cryptocurrency
Prepare to bet against bitcoin

Offbeat
Deception and Ruses Fill the Toolkit of Investigators Used by Weinstein (N)
Leonardo da Vinci Painting Sells for $450.3 Million, Shattering Auction Highs (N)