wiar 05-16-18

Mary FanslauWhat I Am Reading

May 16 (Wednesday)

Markets
Dow Industrials Snap Winning Streak (W)
Investors Are Wary as Companies Ramp Up Capital Spending (W)
Investors Cut Apple Holding by Most Since at Least ’08 (B)
U.S. Bond Yields Jump to Fresh Highs on Retail Sales (W)
Lumber Prices Soar on Tight Supply, Trade Tariffs (B)

Central banks
Fed’s Williams Sees Three to Four 2018 Hikes Still Warranted (B) | Speech
Clarida, Bowman Affirm Commitment to Fed’s Independence in Setting Rates (W)

US
New Fed Reports Show Rising Inflation Expectations (W)
Climbing Gas Prices Didn’t Keep Consumers From Spring Spending (W)
US shoppers spending again as retail sales climb (FT)

Europe
Draft League/Five Star deal sought path out of euro (FT)

Japan
Japan’s Economy Contracts, Snapping a Two-Year Growth Streak. (B)
These Are the Groups Deciding Whether Japan’s Abe Stays or Goes (B)

China
China’s Industrial Output Revs Up (W)
Global Funds Are Now the Dominant Force in China’s Debt Market (B)

Emerging
Emerging Markets Face Their Moment of Truth (B)

US politics
Haspel Wins Key Democrat’s Backing, Paving Way to CIA Confirmation (W)
Trump Administration Won’t Consult California on Vehicle Emissions Rules (W)
Trump Moves to Overhaul Government’s Computer Systems (W)

Geopolitics & trade
Senate Democrats Warn Trump Over Any ZTE Deal (W)
Charting the Gulf Between Chinese and U.S. Tariffs (W)
Mexico Doesn’t See Nafta Talks Wrapping Up Before Deadline (W)
WTO Ruling Advances U.S. and Boeing in Case Against Airbus (W)
North Korea Warns Military Exercises Imperil U.S. Summit (W)

Industries & companies
Financials: Volcker Rule 2.0 Draft Coming Soon (W)

Corporate finance
Xiaomi’s Real IPO Killer Just Arrived From Beijing (B)

Technology & cryptocurrency
Big Bitcoin Exchange Welcomes High-Speed Traders (W)
U.S. Crypto Trading Platforms Are About to Get More Competition (B)

Offbeat
Making Movies in the Trump Era for the Audience Hollywood Ignored (W)
Facebook Throws More Money at Wiping Out Hate Speech, Bad Actors (W)
Twitter Makes Tweaks to Punish ‘Troll-Like Behavior’ (W)
David Tepper to Buy Carolina Panthers for $2.2 Billion (W)