wiar 12-12-17

Mary FanslauWhat I Am Reading

Dec 12 (Tuesday)

Markets
The hidden fear driving the market surge (NN)
Investors Move From Mutual Funds to ETFs in Search of Tax Trade (B)
Another Sign of Frothy Markets: Blank-Check Boom (W)

Central banks
Powell faces early test of policy view as tax cuts near approval (R)

US
Hiring Doesn’t Break Out, Even With Historically Low Unemployment (W)
Is There a Productivity Miracle Lurking in the Economy? (W)
FDA plans to curb prescription to fight opioid epidemic (FT)

Japan
JPMorgan Eyes Japan Real Estate on Bet BOJ Persists With Easing (B)

US politics
Treasury Defends Tax Plan in One-Page Analysis (N)
US Treasury Analysis
U.S. Treasury tax study slammed as ‘fake math’ by Democrats (R)
Small Investors Face Higher Taxes Under Senate Proposal (W)

Geopolitics & terrorism
Beijing Develops Plan to Counter Trump Tax Plan (W)
European Finance Chiefs Hit Out at U.S. Tax Plans (W)
EU Officials Urge U.S. to Not Go It Alone on Mideast Peace Efforts (W)
Botched Suicide Bombing Jolts New York, Injures 4 (W)
Times Square Subway Bomber Tells Police He’s a Follower of Islamic State (B)

Industries & companies
Financials: Foreign-owned banks to be hit by US tax rules (FT)
Media: A Disney Deal for Fox Is Coming Within Days (B)
Pharma: FDA head favours generics to treat high drug prices (FT)
Retail: Retailers Help Shoppers Do the Markdown Math (W)

Technology
DeepMind Has Simple Tests That Might Prevent Elon Musk’s AI Apocalypse (B)
High-Tech Hedge Fund Hits Limits of Robot Stock Picking (W)

Offbeat
Stop Talking About Bitcoin’s Market Cap (W)
Saudi Arabia Lifts Decades-Old Ban on Movie Theaters (W)