wiar 12-19-17

Mary FanslauWhat I Am Reading

Dec 19 (Tuesday)

Markets
Money Markets Are Going Haywire, Blame the Government (W)
Tax Bill Jolts Municipal Bonds (W)
Tax Cuts Alone Didn’t Spur This Bull Market, Credit Suisse Says (B)

Central banks
Fed’s Williams: Economy Heading Into 2018 With Good Momentum (W)
Fed’s Kashkari Warns Rate Rises Could Drive Economy Into Recession (W)

US
Homeowners Have Had It Good. Too Good, Says the Tax Bill. (N)
Trump Says Train Derailment Bolsters Case for Infrastructure Plan (B)
Divorce Is Making American Families 66% Bigger (B)

Europe
The future of Italy, in the words of voters (FT)
EU and disassembling Ikea’s tax-driven structure (FT)

Japan
Japan Tiptoes Out of Radical Experiment in Monetary Policy (W)

US tax reform
This One Weird Tax Trick Could Raise GDP, Shrink the Trade Deficit (W)
Tax Overhaul Strikes at Rich Tech Giants’ Overseas Profits (W)
These Are the Tricks States May Use to Get Around the SALT Deduction (B)
Sweeping Rewrite of Tax Code Sets Up Years of Challenges (W)

US politics
US lawmakers shaken as #MeToo engulfs Congress (FT)

Geopolitics
Trump Says ‘Unrivaled Power’ Is Key to U.S. Defense Strategy (B)
Trump’s National Security Focus Shifts to Russia, China (W)
Trump to accuse China of ‘economic aggression’ (FT)
China Flies Military Aircraft Into Airspace Claimed by Seoul (W)

Industries & companies
FANGs: Google’s Record Fine of $2.8 Billion Was a ‘Deterrent,’ EU Says (B)
Financials: Citi and BofA among US groups facing $50bn tax plan hit (FT)
Media: Disney Is Weighing Two Internal Candidates to Lead ESPN (B)
Retail: Bankrupt Toys ‘R’ Us Considers Closing at Least 100 Stores (B)
Tech: Seven and a Half Reasons to Be Optimistic About Tech in 2018 (B)
Tech: Why Big Tech wants to keep the net neutral (FT)

Corporate finance
Oracle to Buy Software Maker Aconex (W)
Thales to Buy Chip Maker Gemalto (W)
Tencent Teams Up With JD.com to Take on Alibaba (W)
HNA Group Seeking Sale of $6 Billion in Overseas Property (W)

Cryptocurrency
Investors Shell Out $700 Million for Coins With ‘No Purpose’ (W)
Sen: Crypto Mania Is About to Start Having an Impact on the Real Economy (B)