wiar 05-01-18

Mary FanslauWhat I Am Reading

May 01 (Tuesday)

Markets
Peak Earnings Are Rattling Equity Investors, But History Says Stay Calm (B)
These Assets Are in Firing Line If Treasury Yields Rise Further (B)
Growing Concern: Foreign Investors Lose Some Hunger for U.S. Debt (W)
Societe Generale Says Emerging Markets Can Survive U.S. Downturn (B)

Central banks
Inflation Hit Fed’s 2% Target in March (W)

US
U.S. Tax Revamp Weakens Case for Companies to Shift Profit Overseas (W)
How Bad Is the Labor Shortage? Cities Will Pay You to Move There (W)

US politics
Trump’s Approval Rating Rises to 42%, Highest Gallup Reading in 11 Months (B)

Geopolitics & trade
Trump Steel-Tariff Deadline Looms, With Allies on Edge (W)
EU resigns itself to tariffs as US seeks leverage (FT)
Trump deserves Nobel Peace prize, says S Korea president (FT)
Treasury Secretary Mnuchin: ‘No question’ Trump sanctions brought North Korea to negotiating table (C)

Industries & companies
FANGs: Amazon Is Taking Over the World? Not in Europe (W)
Financials: Morgan Stanley Plans to Boost Junior Banker Pay as Much as 25% (B)
Retail: Retail’s Other Problem: Too Few Clerks in the Store (W)

Corporate finance
Merger mania whips up $120bn of tie-ups in just one day (FT)
Next Hurdle for T-Mobile-Sprint: Trump Administration (W)
China’s Didi, Volkswagen Plan Ride-Hailing Venture (W)

Technology
Seven Jobs Robots Will Create—or Expand (W)
Maybe the Robots Will Give Everyone Free Stuff (B)

Offbeat
Computer engineers now make up a quarter of Goldman Sachs’ workforce (C)