wiar 07-05-18

Mary FanslauWhat I Am Reading

July 05 (Thursday)

Markets
Technology Stocks Feel the Heat of Trade Tensions (W)
Super-Safe Corporate Debt Is Starting to Look Attractive (W)
Trump feels the heat on rising gas prices, demands oil cartel do more to ‘reduce pricing now’ (C)

US
Car Sales Maintain Near-Record Pace (W)
Home prices make the biggest jump in four years (C)
Interest rates are dropping, but it’s not enough to lure homeowners back into the mortgage market (C)
More Employees Are Saying ‘I Quit’ (W)

Europe
Merkel’s Fight for Survival Could Hit Another Bump (W)

US politics
Trump Winnows Down Supreme Court Picks, Focusing on Three (W)
Democrats Weigh Politics of Calls to Eliminate ICE (W)

Trade
In Tariff Fight With Trump, China Pulls Plan to Strike First (W)
Trump China Tariff Decision Will Be Yuuuge For Stocks (IBD)
China’s Export Growth to U.S. Abruptly Slows as Tariffs Near (W)
Exclusive: China presses Europe for anti-U.S. alliance on trade (R)
The EU is reportedly considering international talks to cut car tariffs (C)
Trump knocks Harley-Davidson again, says administration working to bring other motorcycle companies to the US (C)

Geopolitics
Vote Resets U.S.-Mexico Relations (W)
As ‘Health Attacks’ Persist, U.S. Pulls More Americans Out of China (W)

Industries & companies
Autos: Street is not impressed by Tesla’s Model 3 milestone; stock plunges 7% on negative notes, brake test report (C)
FANGs: Google Cloud’s COO has left after less than a year (C)
FANGs: How Google and Facebook Are Monopolizing Ideas (W)
FANGs: How Google’s parent company is paving the way to become a transportation giant (C)
Financials: Financials still look pretty bleak after snapping their worst losing streak on record (C)
Materials: Glencore Roiled by Subpoena (W)

Corporate finance
China created 46 startups worth at least $1 billion in the five years since 2012 (BI)
Dell Confirms Deal That Would Mark Return to Public Markets (W)
The Myth of Corporate America’s Short-Term Thinking (N)

Offbeat
Buffett: Never bet against America (NN)
LeBron James Takes Big Step Toward Goal Of Being A Billionaire (FR)
New York’s Iconic Plaza Hotel Sold to Qatar Fund for $600 Million (W)