wiar 04-17-18

Mary FanslauWhat I Am Reading

Apr 17 (Tuesday)

Markets
U.S. Stocks Jump On Strong Corporate Results (W)
Trump Bucks Treasury in Ripping China, Russia as FX Meddlers (B)
Aluminum prices surge to highest level since 2011 as US sanctions on Russia take out big producer (C)

Central banks
Trump Is Planning to Name Pimco’s Richard Clarida as Fed Vice Chair (B)

US
Retail Sales Growth Sluggish Despite Higher Employment, Fatter Paychecks (W)
Facing Historic Labor Shortages, Companies Snap Up Teenagers (W)
Pay Your Interns, Corporate America (B)

China
Boom time for China’s billion-dollar start-ups (FT)

US politics
Tax Hit Looms for Online Shoppers (W)

Geopolitics
UK and US move on China group over national security (FT)

Industries & companies
FANGs: Stock Pickers Ready to Take the Facebook Out of ‘FANG’ (W)
FANGs: Amazon has shelved a plan to sell drugs to hospitals, and insiders say there are two reasons why (C)
Financials: Bank of America’s Profits Lifted by Tax Law, Interest Rates (W)
Financials: What We’ve Learned From Bank Earnings So Far (B)
Industrials: GE Falls Most on Dow After Goldman Warns of Profit Forecast Cut (B)
Pharma: Merck Tightens Its Grip on the Lung-Cancer Market (B)
Pharma: Bristol-Myers has Farther to Fall (W)

Corporate finance
Shire to Sell Cancer Unit for $2.4 Billion as Takeda Mulls Bid (W)
Volkswagen Unit Considers Full Takeover of Truck Maker Navistar (W)

Offbeat
Trump lawyer Michael Cohen’s mystery client is Fox News host Sean Hannity (C)