wiar 06-27-18

Mary FanslauWhat I Am Reading

June 27 (Wednesday)

Markets
‘Godfather’ of chart analysis says stock market now dealing with ‘uglier action’ (MW)
Dollar inches up; China’s yuan remains a focus as trade uncertainty weighs (MW)
The Scariest Place for Investors in a Trade War (W)

US
CBO: Rising Interest Rates Would Increasingly Pressure U.S. Finances (W)
U.S. Consumer Confidence Drops in June (W)

US politics
Companies’ New Tax Goal: Beat the BEAT (W)
Senate Considers Ways to Limit Trump’s Authority on Tariffs (B)
Kudlow moves to restock White House economic team (C)
Gallup poll: Nancy Pelosi’s favorability rating falls to 9-year low among Democrats (C)

Trade
Trump Eases Demand for Tools to Limit Chinese Investment (W)
China should take ‘self defense measures’ in trade war: Global Times (R)
Automakers to warn Trump of $45 billion higher vehicle costs if tariff imposed (R)
Trump threatens Harley-Davidson: If it moves operations overseas, ‘they will be taxed like never before!’ (C)
Harley-Davidson may be out of options other than moving some production overseas: Analyst (C)
What people are really buying when they buy a Harley-Davidson (C)

Industries & companies
FANGs: Apple never meant for you to spend so much time on your phone, Tim Cook says (MW)
Financials: Banks Failing Stress Tests? Not for Much Longer (W)

Corporate finance
Confusion: Sky is trying to figure out why Fox/Disney hasn’t upped its bid (C)

Technology
Boeing unveils rendering of hypersonic jet that would fly from US to Japan in 3 hours (C)
‘It’s real, it’s coming, it’s a matter of time:’ Missile Defense Agency director on hypersonic weapons (C)