wiar 03-15-18

Mary FanslauWhat I Am Reading

Mar 15 (Thursday)

Markets
Stocks Fall on Renewed Trade Worries (W)
What’s the Biggest Trade on the NYSE? The Last One (W)
Kudlow says he favors a strong dollar, has no reason to believe Trump isn’t for one either (C)

Central banks
Draghi’s Predictability Pledge Raises Need for Clarity on Rates (B)

US
Weak Consumer Spending Presents a Puzzle (W)
Rising Services Costs Help Drive U.S. Business Prices Higher (W)

Europe
Europe Tightens Screws on U.S. Tech (W)
Germany’s new government: who’s who in the cabinet (FT)

US politics
Kudlow Accepts Post as White House Economic Adviser, Replacing Cohn (W)
Kudlow will help Trump ‘sleepwalk’ into a ‘tremendous fiscal collision,’ says former boss David Stockman (C)
Americans May Get Permanent Tax Cut in ‘Phase Two,’ Kudlow Says (B)
Key Republican is talking to the White House about tax plan ‘phase two’ (C)
Democrat claims victory in close US Congress race (FT)

Trade
White House Looks to Slash China’s Bilateral Trade Surplus by $100 Billion (W)
U.S. Companies Will Get Few Exclusions to Tariffs, Officials Signal (W)
U.S. Allies Eye Tough-on-China Approach to Avoid Trump Tariffs (W)
Tariffs Are Taxes (Kudlow, Laffer, & Moore for National Review)
Video: Tariffs are a negotiating stance for Trump: Art Laffer (Fox)

Cryptocurrency
Citigroup says ‘malicious actor’ tried to hack credit cards tied to the Defense Department (C)

Industries & companies
Autos: More Auto Makers Sued Over Exploding Takata Air Bags (W)
Defense: Trump Tells Boeing He Wants a ‘Good Price’ on Fighter Jets—or Else (B)
FAANGs: Amazon: The Making of a Giant (B)
Financials: A Decade After Bear’s Collapse, the Seeds of Instability Are Germinating Again (W)
Media: Disney Sets Stage for Succession Race With Operational Overhaul (W)
Tech: Square closes near all-time high after analyst compares stock to early days of Amazon (C)

Corporate finance
Qualcomm Pursued Unusual Strategy (W)
Trump Is Right to Quash the Qualcomm Merger (B)
Toys ‘R’ Us Tells Workers It Will Likely Close All U.S. Stores (W)

Technology & cryptocurrency
Google to Ban Ads for Cryptocurrencies (W)
Cboe Signals Big Plans for Trading Cryptocurrency Derivatives (B)

Offbeat
What Trump’s ‘Space Force’ might look like – and when it would be ready (C)