wiar 03-30-18

Mary FanslauWhat I Am Reading

Mar 30 (Friday)

Markets
Don’t Place Too Much Trust in the S&P’s 200-Day Average, Says One Money Manager (B)
US subprime mortgage bonds back in fashion (FT)

Central banks
Fed’s Harker Lifts His Outlook for Interest Rates (W)

US
U.S. Annual Inflation Posts Strongest Increase in Nearly a Year (W)
Americans Holding Off on Spending Extra Tax Dollars (W)
Lower-Income Americans Drive Consumer Sentiment (W)
Beware of Economists Crying ‘Entitlement Explosion’ (B)

Japan
Japan February industrial output points to further economic expansion (R)

US politics
White House Tempers Hopes on Quick Infrastructure Action (W)

Geopolitics & cybersecurity
China offers show of naval force in South China Sea (FT)
North and South Korea Set Summit, but Nuclear Omission Casts a Shadow (W)
Trump Says He Might Delay South Korea Trade Talks to Pressure the North (W)
Russia to expel more than 150 western diplomats (FT)
Under Armour Says 150 Million MyFitnessPal Accounts Hacked (B)

Industries & companies
Autos: Tesla Recalls 123,000 Model S Cars Over Bolt Issue (W)
FANGs: Trump Rips Amazon Over Taxes, Impact on Other Businesses (W)
FANGs: Amazon, Despite Trump Tweet, Buoys Postal Service (W)
Financials: Why Investors Are Too Negative on Banks (W)
Retail: Sears Has Best Week Since June After CEO Opens Up in Vanity Fair (B)

Corporate finance
Walmart Is in Early Talks With Humana, WSJ Reports (B)
CBS Is Planning First Proposal for Viacom Deal Within Days (B)
Time Warner Attacks U.S. Data Underpinning AT&T Merger Suit (B)

Technology & cryptocurrency
China Auto Exec on Self-Driving Cars: ‘You Can’t Just Put Some Sensors on Top’ (W)
Almost Half of Fund Allocators Don’t Know What to Make of Crypto (B)

Offbeat
IRS Audits Fall to 15-Year Low (W)