wiar 01-31-18

Mary FanslauWhat I Am Reading

Jan 31 (Wednesday)

Markets
Stocks Extend Drop With Sharp Selloff as Dow Falls 363 Points (W)
Inflationary pressures rise across markets (FT)

Credit & currencies
Decade of Easy Cash Turns Bond Market Upside Down (W)
A Brief History of Treasury Secretaries Trying to Jawbone the Dollar (W)

Global
Analysts Are Upgrading Global Earnings at a Breakneck Pace (B)
The World Is Getting Richer. Some People Faster Than Others (B)

US
Home Prices Continued to Rise in November (W)
Millennials Propel Homeownership Rate to First Increase Since 2004 (W)
Getting Your Own Place? Buying Is Now Outpacing Renting in U.S. (W)
Economic Expectations Drive U.S. Consumer Confidence Higher (W)

Europe
Macron’s France Great Again? European Growth Outpaces U.S. (W)
Eurozone growth reaches highest level in a decade (FT)

China
China Builds Bridges While the U.S. Mouths Slogans (W)

Emerging
With 4th-Quarter Recovery, Mexican Economy Grew 2.1% in 2017 (W)

US tax reform
How the Tax Overhaul Will Affect Tech Companies’ Earnings (W)
How Much Trump’s Tax Cuts Are Trickling Down (B)

Geopolitics
Treasury secretary Mnuchin signals new Russia sanctions (FT)

Industries & companies
Energy: Exxon Mobil Tripling Its Bet on the Hottest U.S. Shale Field (N)
FAANGs: Google Rivals Ask EU to Toughen Measures in Antitrust Case (W)
Financials: Investors Appear Fed Up with MetLife Missteps (W)
Financials: Dimon’s tenure at JPMorgan leads to itchy feet below him (FT)
Health Care: Amazon, Berkshire Hathaway and JPMorgan Team Up to Disrupt Health Care (N)
Health Care: Can Amazon Transform Health Care? It’s Not a Crazy Idea (B)
Pharma: Pfizer Plans $5 Billion Boost in U.S. Manufacturing From Tax-Law Changes (W)
Restaurants: McDonald’s Menu Gets Hit by Labor Costs (B)
Tech: U.S. Probes Apple Over Updates That Slow Older iPhones (B)
Tech: Apple to Cut Output of the New iPhone X Amid Weak Demand (W)

Corporate finance
US IPO market has strongest start to year on record (FT)
Blackstone eyes $17bn deal for Thomson Reuters data unit (FT)

Technology
Waymo to Buy Thousands of Fiat Chrysler’s Self-Driving Minivans (W)
Say Goodbye to Garages as Developers Imagine Driverless Future (W)
‘Dr. Alexa, I’ve Been Sneezing and My Throat Is Sore’ (N)

Cryptocurrency
SEC Moves to Stop $600 Million Digital Coin Offering (W)
Facebook Bans Ads Associated With Cryptocurrencies (B)
On Closer Inspection Your Blockchain ETF May Be a Tech Fund (B)