wiar 04-04-18

Mary FanslauWhat I Am Reading

Apr 04 (Wednesday)

Markets
Strategist: We’ll see a 16% to 17% increase in earnings this year (C)
Trump’s tax cut windfall lifts stock dividends to new record (C)
U.S. Stocks Rally After Tech Selloff (W)
The Tokyo Whale Steps Up With Record Purchases of Japan’s Stocks (B)
Paulsen Says ‘Proceed With Caution’ Across Many Asset Classes (B)

Credit & commodities
Borrowers Lose Leverage as Corporate Bond Buyers Grab the Reins (B)
Oil poised near $70 as industry divided over breakout (FT)

Central banks
Fed’s Brainard warns about high asset prices even after the stock market correction (C)
How the New York Fed Elevated an Insider as Its Next President (W)
Five Things to Know About John Williams (B)

US
More Renters Give Up on Buying a Home (W)

Europe
AfD turns up the heat in Germany’s Bundestag (FT)

China
The Chinese economy is rebalancing, at last (FT)

US politics
Crack and Pack: How Companies Are Mastering the New Tax Code (W)

Geopolitics & trade
Here’s how a ‘trade skirmish’ could become a global ‘trade war’ (MW)
America’s new digital cold war with China (FT)
Russia’s $55bn pipeline gamble on China’s demand for gas (FT)
President Trump wants to deploy military forces to protect US border with Mexico (C)

Industries & companies
Autos: Tesla’s Model 3 Is Now America’s Best-Selling Electric Car (B)
Autos: Fiat Chrysler Shuns Cars `No One Wants’ as SUVs Spur a Sales Win (B)
FANGs: Despite Trump’s Tweets, White House Isn’t Talking About Action Against Amazon (B)

Corporate finance
Spotify Climbs After Going Public in Unusual Direct Listing (B)
CBS Submits Initial Bid For Viacom at Price Below Market Value (W)
Fox Says Disney Is Prepared to Buy U.K.’s Sky News (W)