wiar 05-18-18

Mary FanslauWhat I Am Reading

May 18 (Friday)

Markets
U.S. Stocks Retreat on Trade Worries (W)
Do Small Caps Still Outperform Large? (II)
Warren Buffett: Interest rates are the ‘most important’ thing in determining stock values (C)

Credit & commodities
Oil Is Above $70, but Frackers Still Struggle to Make Money (W)
What Do Tesla, Apple and SoftBank Have in Common? They’re All Hot for Lithium (W)

US
Fed Manufacturing Gauges Show More Pricing Power (B)
Don’t Fall for Employers’ Whining About a ‘Skills Gap’ (B)

Demographics
U.S. Household Wealth Rises Largely Among Older Borrowers (W)
Young left out of US boom in housing wealth (FT)
Millennials haven’t saved two years’ salary — they’ve saved one week’s worth (MW)
U.S. Birth Rate Drops to Record Low (W)
Fewer Americans are putting off weddings and kids because of money (MW)

Japan
Japan’s Inflation Slows Amid Rising Calls for Delay in BOJ Exit (B)

Geopolitics & trade
Legislation to Curb Chinese Deals Moves Through Congress (W)
China Offered Trump $200 Billion Cut in U.S. Trade Deficit, Official Says (B)
US team divided as trade talks with China begin (FT)
Japan Considers Retaliation Against U.S. Steel Tariffs (W)
Nafta talks set to drag in to 2019 after missed deadline (FT)
Trump Offers North Korea’s Kim Political Safeguards, but Warns of ‘Total Decimation’ (W)

Industries & companies
FANGs: Tech lessons from Amazon’s battle in Seattle (FT)
Financials: Wells Fargo Altered Information on Business Customers’ Documents (W)
Retail: Walmart’s online sales jump 33% (FT)