wiar 06-26-18

Mary FanslauWhat I Am Reading

June 26 (Tuesday)

Markets
U.S. Stocks Fall as Trade-War Fears Rattle Markets (W)
Highflying tech stocks hammered by China fears (MW)
Hulbert: This hit to the Dow could be triggering a buy signal (MW)
Junk Debt Is Outdoing Its Peers (W)
China’s sudden currency slide sparks rumors of an anti-Trump policy move (C)

Central banks
ECB Official Signals No Debate on Rate Rises Before October 2019 (W)
The Fed’s effort to control the rise of its key interest rate is running into some problems (C)

US
Rebound in South powers U.S. new home sales, dampens prices (R)

Trade I
Trade advisor Navarro says no plans for investment restrictions on China, other countries (C)
U.S. Investment Restrictions Won’t Name China, Mnuchin Says (W)
Trump Plans to Curb Chinese Investments in U.S. Tech Firms (W)
Xi Tells CEOs China Will Strike Back at U.S. Trade Penalties (W)
China Begins to Question Whether It’s Ready for a Trade War (B)

Trade II
Europe to retaliate if U.S. imposes auto tariffs: France (R)
Harley-Davidson to Shift Production Overseas to Offset European Tariffs (W)
Trump’s tariffs on auto imports will hurt entire industry — including General Motors, Ford: Moody’s (C)
China to pursue more trade with France, EU raises ‘difficult issues’ (R)
We Fight About Trade Because Politics Fails (W)

Industries & companies
Consumer: Packaged food category not likely to grow: Analyst (C)
FANGs: Instagram Is Estimated to Be Worth More than $100 Billion (B)
Industrials: GE Agrees to Sell Industrial-Engines Unit (W)
Pharma: First Marijuana-Based Medicine Is Approved for Sale in U.S. (B)
Media: AT&T Plots Marketplace for TV, Digital Video Ads (W)

Corporate finance
Gray TV to Buy Raycom in $3.65 Billion Deal (W)

Offbeat
Supreme Court decision on cell phone data sets stage for other privacy cases (C)
Elon Musk is reportedly running an exclusive private school out of SpaceX’s headquarters (C)