wiar 04-19-18

Mary FanslauWhat I Am Reading

Apr 19 (Thursday)

Markets
Flattening Yield Curve Raises Warning Flag (W)
Banks: We Just Had a Record-Breaking Quarter. Shareholders: Meh (B)
Commodities Surge to Highest Level Since 2015 (B)
Is the U.S. Shale Boom Hitting a Bottleneck? (W)

Central banks
Fed Report Finds Tight Labor Markets, but Modest Wage Growth (W)
Here Are the Biggest Tariff Concerns in the Fed’s Beige Book (B)
Dudley Doesn’t See ‘Compelling’ Case for Faster Fed Rate Hikes (B)
Weak Inflation Reinforces ECB Caution Over Stimulus Taper (W)

Global
IMF sounds alarm on excessive global borrowing (FT)
U.S. Debt Load Seen Worse Than Italy’s by 2023, IMF Predicts (B)
World Economic Outlook, April 2018 Cyclical Upswing, Structural Change (IMF)
Officials Optimistic on World Growth, Despite Trade Tensions (W)

US politics
How the Tax Cut President Trump Loves Will Deepen Trade Deficits He Hates (W)
The fiscal picture is worse than it looks—and it looks bad (Brookings)

Geopolitics & trade
Trump ends his brief flirtation with TPP (FT)
Germany to Push for Exemptions From U.S. Sanctions on Russia (W)
Trump’s trade skirmish with China is ‘like a WWE wrestling match’ (BI)

Industries & companies
Autos: Tesla Could Benefit from China’s New Rules for Foreign Auto Makers (W)
Autos: California Opens Investigation of Tesla Workplace Conditions (B)
Autos: VW’s Resurgence Faces Old Auto Industry Realities (W)
FANGs: Facebook Provides a Preview of Its Privacy Makeover (W)
FANGs: Facebook Is Forming a Team to Design Its Own Chips (B)
FANGs: Netflix plots $1bn European investment drive (FT)
Financials: Morgan Stanley Posts Record Earnings, Revenue (W)
Financials: Big US banks eager to woo consumers with credit (FT)
Retail: Retail Rivals Amazon and Best Buy Team Up to Sell Smart TVs (W)
Tech: IBM Reports Higher Revenue on Sales of New Hardware (W)

Corporate finance
Bezos-Backed Cancer Startup Wants to Raise $1 Billion (B)

Offbeat
IRS Extends Tax Filing for One Day After Computer Problems (W)