wiar 06-14-18

Mary FanslauWhat I Am Reading

June 14 (Thursday)
YRI
Revenues Grow but Spending Grows Faster — and Deficit Explodes
Daily Markets Overview

Markets
U.S. Stocks Slip After Fed Decision (W)
Treasuries Curve Reaches Flattest Since 2007 on Steeper Fed Path (B)
ETF Investors Are Preparing for an Economic Slowdown (B)

Central banks
Fed Raises Interest Rates, Sets Stage for Two More Increases This Year (W)
Parsing the Fed: How the June Statement Changed From May (W)
The Fed’s New Dot Plot After Its June Rate Increase (B)
Powell to Hold Press Conferences at Every FOMC Meeting Next Year (B)
Fed tweak shows difficulty of trimming balance sheet (FT)
What If the Fed Just Lets Inflation Run for a While? (B)
Fed won’t push interest rates too high, award-winning forecaster says (MW)

US
Borrowing Costs Climb Along With Fed Rate Increases (W)
Rising Business Prices Point to Trend in Firming Inflation (W)
U.S. Is on Track to Become a Net Exporter of Energy (B)
Americans who were ‘scarred’ by the Great Recession changed the way they spend (MW) | Paper
Delusional millennials expect to become millionaires despite their massive debt

Europe
Eurozone Industrial Production Continues to Falter (W)
Immigration Standoff Shakes Merkel’s Fragile Government (W)
Macron Pushes to Privatize State Assets (W)

Geopolitics & trade
U.S. Preparing to Proceed With Tariffs on Chinese Goods (W)
Trump Says He May Upset China Over Trade as U.S. Tariffs Loom (B)
The Unexpected Winner From the Trump-Kim Summit: China (W)
Trump says North Korea no longer a nuclear threat (FT)

Industries & companies
Autos: Musk Bets Tesla Rally Has Legs With $24.9 Million Stock Purchase (B)
Energy: Side Effect of Rising Oil Drilling: Indigestion for Gas Frackers (W)
FANGs: Apple’s New App-Privacy Rules Expose Past Loopholes (W)
FANGs: Netflix Hits New Record After Goldman Predicts It Will Top AT&T (B)
Financials: Half of the World’s Too Big to Fail Banks Are in a Bear Market (B)
Homebuilders: Homebuilder Stocks Sink After Survey Shows Risk of a Slowdown (B)
Media: Why You Will See Bigger, Not Cheaper, Cable Bundles (W)
Tech: Twitter Has More News It Thinks You Want to Follow (W)

Corporate finance
Comcast Offers $65 Billion for Fox in Showdown With Disney (B)
Why the AT&T-Time Warner merger could be bad news for consumers of media (MW)
Toshiba Plans Biggest Japanese Market Buyback on Record (W)
LBO Deals Surge as Funds Put $1 Trillion in Cash to Work (W)
Stryker Says It Isn’t in Deal Talks With Boston Scientific (W)

Technology
AI, Blockchain Firms Lead WSJ’s Tech Companies to Watch List (W)
China’s Surveillance Will Soon Track Cars, Using RFID (W)