wiar 06-16-18

Mary FanslauWhat I Am Reading

June 16 (Saturday)

Markets
S&P 500 Rises as Central Banks Signal Gradual Tightening (W)
The junk-bond market has been blowing off the Fed — now it’s in for a rude awakening (FT)
Rates Back In Driving Seat For Markets, As ECB Ends Bond Buying (W)
Euro under pressure as ECB delivers ‘dovish taper’ (FT)
Look at banks and euro to judge central bank fallout (FT)

Central banks
ECB to End Bond-Buying Program in December as Crisis-Era Policies Wind Down (W)
Mario Draghi Might Never Get to Raise Rates at the ECB (B)

US
Retail Sales Soared in May (W)
U.S. Economy Seen Chugging Ahead of Europe and Asia (W)
IMF Sees U.S. Potential Growth at Half the Pace of White House Estimates (W)

Europe
U.S. Protectionist Stance Spooks Germany’s Economy (W)
Italy threatens to scupper EU’s Canada trade deal (FT)

China
China’s economy is starting to show its true colors again (BI)

US politics
Medicaid Expansion Gains Popularity in Red States (W)
Report Blasts FBI Agents, Comey Over Clinton Email Probe (W)

Geopolitics & trade
Trump Shaping China Tariff List to Focus More on High Tech (B)
US prepares to slap tariffs on $50bn in Chinese goods (FT)
Trump Wins Fight Over Tariff Power in Senate (B)
Pompeo Says China Will Maintain Sanctions on North Korea (W)

Industries & companies
FANGs: A $15,000 iPhone-Hacking Box Has Apple Playing Defense (W)
Financials: Morgan Stanley’s CEO let it slip just how many billions the bank is spending on tech (BI)
Financials: Citigroup’s CEO has revealed just how many billions the bank is spending on tech (BI)
Retail: Etsy Raises Fees, Angering Sellers but Sending Stock Soaring (W)

Corporate finance
Judge Clears AT&T, Time Warner to Close Deal (W)
WeWork in Talks With SoftBank to Double Valuation to as Much as $40 Billion (W)
China’s Investors Pour Into Western Biotech Startups (W)
European tech IPOs begin to rival US successes (FT)

Technology
Elon Musk Outlines How His Chicago ‘Loop’ Transport Will Work (B)
Zelle, a payments service created by the 7 biggest US banks, is on track to be more popular than Venmo in 2018 (BI)

Offbeat
Big Investors Don’t Want Wall Street Analysts Snooping on Them (W)
Morgan Stanley is using robots to scour its clients’ social media profiles (BI)
This Robotic Chessboard Is Like Something Out of Harry Potter (W)YRI
Trump’s contradictions are swinging the stock market this year (C)
Daily Markets Overview

Markets
Stocks Slide as Trade Tensions Heat Up (W)
Opinion: Headlines focusing on stock market risks ignore powerful catalysts (MW)
Trade Fears Threaten Best Year in Commodities Since 2002 (W)
OPEC Meeting, Tariff Concerns Weigh on Oil Prices (W)
The Bullish And Bearish Case For Oil

Central banks
[Outgoing NY-Fed President] Dudley Foresees Need for Fed Rate Hikes to Slow the U.S. Economy (B)
Bank of Japan Bucks Global Trend of Monetary Tightening (W)

US
U.S. Consumer Sentiment Rose in Early June (W)
U.S. Industrial Production Unexpectedly Declined in May (W)
Bonuses Hit a Fresh High This Year. That May Not Be Great News for Workers (W)

Europe
The EU Is Emerging as the New Sheriff for Global Financial Markets (B)
CDU closes ranks around Merkel as asylum feud rages (FT)

Japan
Japan says it will run budget deficit until 2025 (FT)

US politics
Trump Seeks to Discredit Russia Probe, Using Report as Brickbat (W)

Trade
China Delivers on Retaliatory Tariffs as Trade Feud Heats Up (W)
All the Threats and Tariffs in the U.S.-China Trade Conflict (N)
China Warns U.S. Firms: Buckle Up (W)
Why China thinks it can weather a US trade war (FT)
How the Trump-China Trade Fight Is Rippling Through Corporate America (B)
Chip Makers: We’ll End Up Paying Tariffs on Our Own Goods (W)
Trudeau fights to keep support after Trump attack (FT)

Industries & companies
FANGs: Apple signs up Oprah for original programming (FT)
Financials: The Finance Industry’s Incredible Ability to Keep the Money Rolling In (W)
Logistics: UPS’s $20 Billion Problem: Operations Stuck in the 20th Century (W)
Media: Fresh Off Time Warner Deal, AT&T Plans Aggressive Content Strategy (W)

Corporate finance
Why Companies Have the Urge to Merge (W)
Tech IPOs Surge for Another Day, But Why Is Anyone’s Guess (B)
Comcast Clears EU Hurdle in Sky Bid (W)

Technology
Luxury goods makers confront rise of the robot (FT)