wiar 05-23-18

Mary FanslauWhat I Am Reading

May 23 (Wednesday)

YRI
Ed Yardeni Shares His Unconventional Views on Investing with Consuelo Mack
Daily Markets Overview

Markets
U.S. Stocks Slip as Investors Weigh Trade Talks (W)
Positive Correlation Holds for Bond Yields and Stocks (B)
Investors Grit Their Teeth Through Italy’s Troubles (W)
Investors Are Worrying About the Wrong Plunging Italian Asset (B)
Italy’s new rulers could shake the euro (FT)
Quants With 20% of U.S. Stock Funds Puzzle Over Timing of Cycle (B)

US
Inflation is coming to the US economy on an 18-wheel flatbed (C)
The Next U.S. Recession Will Start in 2020, Survey Says (B)
Americans Are Prioritizing Phone Payments Over Car Loans (B)
More women say they can’t afford kids because of their student loans (C)

Trade
China Gives Tesla, Ford, General Motors and Trump One Awesome Present (The Street)
China Makes Massive Cut to Car Tariffs After Truce With Trump (B)
Trump: There’s no deal with China on ZTE, and I’m not satisfied with trade talks (C)
U.S. and China Edge Toward a Resolution of Trade Standoff (W)
In Trade War With U.S., China Gets the Upper Hand (W)

Geopolitics
Trump Casts Doubt on North Korea Summit in Meeting With Moon (B)

Industries & companies
Autos: Tesla’s Model 3 Sedan May Get a Consumer Reports Nod After All (B)
FANGs: Banned From Amazon: The Shoppers Who Make Too Many Returns (W)
Financials: U.S. Banks Reported Record First-Quarter Profit (W)
Financials: Bankers Hate the Volcker Rule. Now, It Could Be Watered Down. (N)
Retail: J.C. Penney CEO Quits to Join Lowe’s (W)
Retail: Leading Retail Stock Lululemon Headlines This Industry Group (IBD)
Tech: New Intel Chip Flaws Found—And They Likely Won’t Be the Last (W)

Corporate finance
Why Rush of Overseas Dealmaking Is Risky for U.S. Companies (W)
Chinese Tech Unicorns Take New Approach to Raising Cash (W)

Technology
With Pop Star as Bait, China Nabs Suspects Using Facial Recognition (W)
Amazon under fire over facial recognition software (FT)

Offbeat
Want to See Your Baby? In China, It Can Cost You (N)