wiar 06-19-18

Mary FanslauWhat I Am Reading

June 19 (Tuesday)

YRI
Video: I’ve never recalled a president this bullish or bearish at the same time (C)
Daily Markets Overview
Markets
U.S.-China Trade Standoff Weighs on Stocks (W)
An Investor’s Guide to Managing Escalating Global Trade Tensions (B)
OPEC Discusses Output Hike of Up to 600,000 Barrels a Day (B)
Distressed debt funds tap into credit cycle fears (FT)
Rush Into Hot CLO Market Leaves Latecomers Fighting for Scraps (B)

Central banks
No Need for a Tantrum Yet; The Fed Is Just Treading Water (W)

US
Economic Confidence Rises Among Lower-Income Americans (W)
Are the Tax Cuts Working? What to Watch in 12 Charts (W)

Europe
Merkel wins breathing space on German political crisis (FT)
Germany’s troubled relations with the Visegrad states show the limits to its power (E)

US politics
Trump Falsely Blames Democrats While DHS Chief Defends Family Separation (B)
New U.S. ‘Space Force’ Would Add to Already Stretched Defense Budget (B)

Geopolitics & trade
Trump is right: Canada’s protectionist food policies rip the world off (BI)
Pompeo Calls China’s Appeals for More Trade Openness a ‘Joke’ (B)
Japan Views China as Ally in Trump Trade Fight (W)
North Korea reportedly offered to abandon a key weapon — and it has nothing to do with nukes (BI)

Industries & companies
Autos: Audi CEO Arrested in Emissions-Cheating Probe (W)
Financials: Big Banks Could Use More Excitement (W)
Financials: JPMorgan Is Fined $65 Million for Trying to Rig Benchmark Rate (B)
Media: Disney Tests Pricing Power at Theme Parks (W)
Real Estate: As Interest Rates Rise, Real-Estate Stocks Lose Luster (W)

Corporate finance
Disney plans to add cash to Fox bid (FT)
Mergers Would Make AT&T, Comcast World’s Most Indebted Companies (W)
AT&T and Time Warner’s merger could be good news for a series of healthcare mega-mergers (BI)
$2 billion SurveyMonkey just confidentially filed to go public (BI)
GameStop Surges on Report About Potential Private Equity Deal (B)
Fujifilm Sues Xerox for More Than $1 Billion After Canceled Merger (W)

Cryptocurrencies
Regulated Crypto Custody Is (Almost) Here. It’s a Game Changer (B)