wiar 05-24-18

Mary FanslauWhat I Am Reading

May 24 (Thursday)

Markets
Emerging Market Malaise Makes American Stocks Look Good to Citi (B)
Selling Euro Against Havens May Be the Way to Play Europe Slump (B)

Central banks
Fed Minutes Signal June Rate Increase (W) | Minutes
Fed says trade tensions may dampen business (FT)
How the BOJ Crushed Trading in Japan’s $10 Trillion Bond Market (B)

US
New Home Sales Post Weak Spring Start (W)

Europe
Eurozone Business Activity Continues to Slow for Fourth Straight Month (W)
U.S. Profit Boom Leaves Europe’s Firms Trailing (W)

US politics
Trump lawyer ‘paid by Ukraine’ to arrange White House talks (BBC)

Trade
Trump’s Shifts on China Underscore Fragile State of Trade Talks (B)
US to consider security probe into car imports (FT)
Trump Weighs Tariffs On Auto Imports (W)
Trump’s ‘Big News’ for U.S. Auto Workers: China’s Cut in Tariffs (B)
Nafta Talks Stalled on U.S. Auto Demands (W)
Merkel Visits China With a Host of German Business Concerns (W)

Geopolitics
U.S. Retracts Invitation to China to Participate in Military Exercise (W)
Pompeo: Denuclearization of North Korea Is Top Security Priority (W)
Iran’s Supreme Leader Fires Back at U.S. Demands (W)

Industries & companies
Industrials: GE Chief Gives Cautious Outlook for Power Business (W)
Energy: Trump’s steel tariffs could hit the epicenter of the US oil industry (BI)
Energy: Exxon Pledges to Cut Methane Emissions 15% by 2020 (W)
Financials: Wall Street dominance over Europe’s struggling banks hits record (R)
Financials: Deutsche Bank Considers Plans for 10,000 Job Cuts (W)
Media: Netflix Is Now Worth More Than Comcast (B)
Retail: Ackman Builds $1 Billion Stake in Retailer Lowe’s (B)

Corporate finance
Comcast Goes Public on Plan for Fox Bid to Challenge Disney (W)
Uber’s First-Quarter Sales Rise 70% as It Preps for IPO (W)
Why Does Uber Need an IPO? (B)
Kroger Buys Home Chef in Latest Online Acquisition (W)
US has more than 5,600 banks. Consolidation is coming (FT)

Technology
Uber Shuts Down Arizona Self-Driving Vehicle Operations (W)
Hundreds of Thousands of Routers Are Being Primed for a Cyberattack (W)

Offbeat
New York City’s Subway, Bus Overhaul Will Take 15 Years, Cost $43 Billion (W)
Musk’s New Proposal: Website to Rate Media Credibility (W)
Musk Filed for Pravda Business Months Before Scorning the Media (B)