wiar 03-14-18

Mary FanslauWhat I Am Reading

Mar 14 (Wednesday)

U.S. Stocks Decline on Weakness in Tech, Financial Shares (W)
Yield-Curve Flattening Gets New Life After Inflation Fears Subside (B)
Gas Prices Fall After Government’s Deal With Bankrupt Refiner (W)

Central banks
Why Continuing to Remove Monetary Accommodation is Appropriate (Rosengren)

Tax Revamp Drives Corporate Chiefs’ Outlook to 15-Year High (W)
US business chiefs warn on dangers of protectionism (FT)
First-Quarter GDP Estimate Declines to 2.5 Percent (FRB-ATL)
Inflation Cooled in February (W)

The Graying of America: More Older Adults Than Kids by 2035 (Census)
71% of Millennials are Not Engaged at Work (Gallup)

Has China Overtaken the U.S. in Terms of Innovation? (FRB-SL)
China’s Party Policing Spreads to Cover All Government Workers (W)

US politics
Tillerson Is Fired; Trump Taps Pompeo as Secretary of State (W)
Tillerson Refused to Do Another Russia Deal (B)
Trump Says He Is ‘Very Strongly’ Considering Kudlow to Replace Cohn (W)
Trump Inspects Border Wall Prototypes in California (B)

Senate GOP Leader All But Rules Out Legislation to Undo Trump’s Tariffs (W)
Trade Conflicts Threaten Global Growth, Says OECD (W)
America v China: How trade wars become real wars (FT)
China’s US Treasury holdings in focus amid trade tensions (FT)

Trump, by Firing Head Diplomat, Recasts U.S. Foreign Policy (W)
North Korean silence highlights risk for Kim Jong Un (FT)

Industries & companies
Autos: VW award bosses big pay rises after worst scandal (FT)
Financials: Merrill Lynch Bolsters Business Serving Richest Clients (W)
Industrials: GE Plunges After JPMorgan Casts Doubt on Profit Forecast (B)
REITs: SL Green Sells Property to Prop Up Its Share Price (W)
Retail: Dick’s Says Firearms Restrictions Turned Away Some Customers (W)

Corporate finance
Trump Blocks Chip Deal by Broadcom on Security Concerns (W)
Amazon Mulled Buying Texture Before Apple Deal (B)
Gun Maker Remington Plans to File for Bankruptcy Protection (W)

Technology & cryptocurrency
Artificial Intelligence Rules More of Your Life. Who Rules AI? (W)
Google founder’s flying taxis in secret NZ tests (FT)
Bitcoin not the answer to a cashless society (FT)

Ten Years After the Bear Stearns Bailout, Nobody Thinks It Would Happen Again (W)