wiar 02-09-18

Mary FanslauWhat I Am Reading

Feb 09 (Friday)

Markets
U.S. Stocks Plunge Into Correction (W)
A fundamental change is underway in the financial markets, and it will not be pleasant (C)
‘Fundamentals Are Strong.’ Stocks May Have a Different Opinion (B)
Is This Obscure Wall Street Invention Responsible for the Market Selloff? (W)
GOLDMAN SACHS: Here are the 3 areas of the stock market to buy following the meltdown (BI)
Emerging Markets Hang Tough During Global Selloff (W)

Central banks
Fed’s Dudley Sticks to His Outlook, Calls the Market Moves ‘Small Potatoes’ (B)
Neel Kashkari says he has one word for people who complain about the Fed’s low interest rate policy (BI)

US
Why Is Inflation So Low? (FRB-SL)
JPMORGAN: Investors stressing over inflation should pay close attention to one peculiar trend (BI)
The corporate debt problem refuses to recede (FT)

Europe
France warns of ‘red line’ over eurozone reform (FT)
Spain sheds ‘peripheral’ tag as borrowing costs fall (FT)

China
Chinese Yuan Slides to Biggest One-Day Drop Since 2015 Devaluation (W)
China’s Yuan Toppled From Two-Year High as Trade Data Surprises (B)

Geopolitics
Kim Jong Un’s Sister, South Korea’s President to Do Lunch (W)
Lawmakers Press Trump Administration on Nafta Dispute Resolution (W)

Industries & companies
Consumer: Kellogg’s Problem: Americans Aren’t Eating as Much Cereal (W)
FAANGs: Amazon to Deliver Whole Foods Groceries (W)
FAANGs: Getting Your Product on Shelves at Whole Foods Just Got Harder (W)
Financials: AmEx’s Biggest Problem May Be All Those Executives It Let Leave (B)
Tech: Twitter Notches First Profit, and Shares Leap (W)

Corporate finance
Qualcomm Rejects Broadcom’s Latest Proposal (W)
Boeing in Talks to Buy Aerospace-Parts Maker Woodward (W)
Yum Brands Buys 3% Stake in Food-Delivery Service GrubHub (W)
What a Tech Giant Wants With a Boring Reinsurer (W)

Cryptocurrency
ECB’s Mersch Says His Payment System Is Better Than Blockchain (B)
Cryptocurrency comes storming back after a blockbuster regulatory hearing on Capitol Hill (BI)
City of Berkeley Looks to Cryptocurrency to Raise Funds (B)
Cryptocurrency exchange Binance suspends trading (FT)

Technology
A Florida Monorail Makes Way for the Robot Bus of Tomorrow (B)