wiar 11-29-17

Mary FanslauWhat I Am Reading

Nov 29 (Wednesday)

Markets
Stocks Close at Record Highs After Powell Testimony (B)
What to Worry About in This Surreal Bull Market (B)

Central banks
Fed nominee Powell, once hawkish, now champions Yellen’s focus on jobs (R) | Remarks
Powell Suggests Fed Is Likely to Raise Rates in December (W)
Big Questions for the Fed, But Senators Didn’t Press Powell (B)

Global
OECD Sees Global Economic Growth Reaching Seven-Year High (W)

US
Home Prices in 20 U.S. Cities Rise by Most Since Mid-2014 (B)
Older Millennials Were the Biggest Spenders During Holiday Weekend (B)

China
Resolving China’s Zombies: Tackling Debt and Raising Productivity (IMF)

Emerging
Vietnam Sheds Its Minnow Status (B)

US politics    
Two GOP Senators [Corker and Collins] Voice Optimism on Tax Overhaul as Bill Clears Panel (W)
GOP Tax Plan Heads to Senate Floor for Vote Likely This Week (B)
Flynn’s Promotion of Nuclear-Plant Plan Went Deep Into White House (W)

Geopolitics, trade & cybersecurity
North Korea Fires Test Missile, First Since September (W)
Trump Says ‘We Will Take Care of’ North Korea Missile Launch (B)
U.S. to Probe Chinese Aluminum as It Presses Beijing on Trade (W)
Strange Bedfellows: Democrats and Trump Blow Up 20-Year Consensus on Trade (W)
Chinese Firm Behind Alleged Hacking Was Disbanded (W)

Corporate finance
Siemens Tees Up Health-Care IPO in One of Biggest European Deals in Years (W)
SoftBank Bids to Buy Uber Shares for 30% Less Than Current Value (B)
The owner of Arby’s will buy Buffalo Wild Wings for $2.9 billion (BI)

Cryptocurrency
Wall Street’s Playing Catch-Up at a Crypto Conference It Used to Ignore (B)
Jack Bogle Says ‘Avoid Bitcoin Like the Plague’ (B)
Novogratz Says Crypto Will Be ‘Biggest Bubble of Our Lifetimes’ (B)
Blockchain’s Peter Smith: The Promise of Virtual Currency Systems (IMF)

Offbeat
Autos: Tesla Truck Gets an Order from DHL as Shippers Give New Vehicle a Try (W)