wiar 05-10-18

Mary FanslauWhat I Am Reading

May 10 (Thursday)

YRI
Who Says This Market Is Overpriced? (BR)
Daily Markets Overview

Markets
Trump’s Iran Move May Kick Worst U.S. Gas Market While It’s Down (B)
Oil market awaits global reaction to Iran decision (FT)
In a Dollarized World, Rising Dollar Spells Pain (W)

US
U.S. Producer Prices Edge Up 0.1% (W)
Company Costs Are Rising, but Getting Shoppers to Pay More is Hard (W)

Europe
Antiestablishment Groups in Italy Near Deal on Governing Coalition (W)

China
China credit spreads near 2-year highs on default fears (FT)

Emerging
Mexican Inflation Hit the Brakes in April (W)
Mahathir seals victory in Malaysia polls (FT)

US politics
Trump’s personal lawyer Michael Cohen called Novartis’ CEO promising access to the president — then they made a $1.2 million deal (BI)
Novartis admits $1.2m in payments to Trump lawyer (FT)
AT&T paying Trump’s lawyer up to $600,000 is a PR nightmare that raises big questions about what AT&T expected in return (BI)
Giuliani Says Trump Was ‘Unaware’ of Cohen’s Consulting Income (B)

Geopolitics
Release of Detainees Clears Key Hurdle Ahead of Korea Talks (W)

Technology
Bond trading: technology finally disrupts a $50tn market (FT)
Jetpacks and No Cash: The Future May Not Be Far Away (W)
US loosens regulations for drone testing programmes (FT)
U.S. Safety Investigators Examine Another Fatal Tesla Crash (W)

Offbeat
California Takes Big Step to Require Solar on New Homes (W)
Half of the biggest housing markets in the US are overvalued — and it could spell trouble for homebuyers (BI)
Silicon Valley’s housing market is so dire, a burned-out home just sold way over the asking price — for $938,000 (BI)