wiar 03-16-18

Mary FanslauWhat I Am Reading

Mar 16 (Friday)

Markets
Why markets barely twitched when the Secretary of State was fired (WP)
JPMorgan Moves Closer to Urging a Rotation Away From Equities (B)
Russia eyes $7bn eurobonds despite international outcry (FT)

Central banks
US eyes Fed official Quarles for top global regulatory post (FT)

Europe
Europe’s Defense Spending Continues to Miss Trump’s 2% Target (W)

US politics
Mueller Subpoenas Trump Organization in Russia Probe (W)
What to Expect From National Economic Council Under Kudlow (W)

Trade
Trump Takes Aim at Next Tariff Target: China (W)
China faces battle to meet US $100bn trade demand (FT)
Surplus or Deficit? Trump Quarrels With Canada Over Trade Numbers (W)
Lagarde Counters Trump, Calling Global Trade Wars ‘Unwinnable’ (B)
Trade war dangers loom for EM via supply chains (FT)

Geopolitics & cybersecurity
U.S. Adds Sanctions on Russians for Vote Meddling, Hacking (W)
Russian Hackers Attacking U.S. Power Grid and Aviation, FBI Warns (B)
Nato powers close ranks against Putin (FT)
North Korean Official’s Trip to Sweden Could Be Prelude to U.S. Talks (W)

Industries & companies
Autos: Tesla’s Make-Or-Break Moment Is Approaching (W)
Energy: Pipeline Stocks Plunge After FERC Kills Key Income-Tax Allowance (B)
FANGs: FANG Rally Is Outpacing the Heyday of the Tech Frenzy (B)
Media: Disney Reorganization Anticipates 21st Century Fox Assets (N)
Tobacco: FDA Moves to Curb Nicotine in Cigarettes (W)

Corporate finance
Pricier Than Apple? Xiaomi’s Hot Again, and Investors Could Get Burned (W)