wiar 01-24-18

Mary FanslauWhat I Am Reading

Jan 24 (Wednesday)

Markets
The ‘3,000 on the S&P 500’ camp grows and grows (FT)
As Markets and Growth Steam Ahead, Signs of Caution Emerge (W)
Tech Stocks Are Showing Signs of Overheating (B)
Welcome to the New Reality of Bigger U.S. Treasury Debt Sales (B)

Central banks
Senate Confirms Jerome Powell as Federal Reserve Chairman (W)
Goodfriend Tells Lawmakers He Backs Fed’s Dual Mandate on Jobs, Prices (W)

Davos
Pay close attention to the message out of Davos … then unload your stocks? (MW)
A Fractured World: Nationalism vs. the Global Liberal Order (W)
Davos Bank CEOs Are Worried Markets Are Complacent Like 2006 (B)
Trudeau tells Davos their ‘approach won’t cut it’ (FT)
India’s Modi Says Protectionism Is Hurting Global Trade (W)

Europe
Berlin deal hopes hit by surge in SPD membership applications (FT)

China
China Sends Mixed Messages About Economic Policies (W)

US politics
States Grapple With Federal Tax Cut That May Raise State Taxes (W)
White House: Senators’ Immigration Plan ‘Totally Unacceptable’ (W)
Schumer Works to Mend Democratic Split After Shutdown (W)
Trump’s FDIC Pick Plays It Safe on Fight Over Big Bank Leverage (B)
FBI Agent Was Hesitant to Join Special Counsel Probe (W)

US tax reform
125,000 Disney employees to receive $1,000 cash bonus due to tax reform (C)
Verizon Using Some Tax Savings to Give Each Employee 50 Shares (B)

Geopolitics
U.S. Allies Shift Trade Priorities as Trump Sets Tariffs (W)
Targets of Trump Tariffs Say American Consumers Will Get Hurt (W)
As U.S. Fires Trade Shot at China, Multinationals Caught in Crossfire (W)
TPP Members Reach Agreement on Trade Pact (W)
U.S. Blames Russia for Allowing Alleged Chemical Attack in Syria (W)

Industries & companies
Airlines: United Continental Reports Higher-Than-Expected Earnings (W)
Consumer: Price War Pressures Consumer-Goods Giants (W)
FAANGs: Apple to Begin Selling Delayed HomePod Speaker (W)
FAANGs: Amazon gives in to Massachusetts tax officials and agrees to turn over third-party seller data (C)
Retail: The Latest Perk at Malls: Gas Fill-Ups While You Shop (W)
Tech: Qualcomm to be censured by European regulator (FT)

Technology
U.S. Safety Board Opens Probe of Second Tesla Autopilot Crash (B)

Cryptocurrency
The Programmer at the Center of a $100 Billion Crypto Storm (W)
After Bitcoin Futures, Watch Out for Crypto Repos (W)

Offbeat
Climate Change Could Make Borrowing More Expensive (B)
‘The Shape of Water’ Leads Oscar Nominations With 13 (W)