wiar 07-10-18

Mary FanslauWhat I Am Reading

July 10 (Tuesday)

Markets
Don’t Worry About the Earnings Slowdown Yet (W)
Stellar Earnings Season Turns Sideshow With Traders Fretting Trade War (B)

Credit & currencies
Muni Bonds Are Scarce. That’s Good News for Borrowers (W)
Emerging Markets Fight Back to Bolster Currencies (W)
Emerging-Market Carry Trade Makes Comeback (B)
JPMorgan Maps Out Currencies to Buy If Recession Is Coming (B)

Central banks
How Fears of an Inverted Yield Curve Could Be Self Fulfilling (B)

US
Wall Street Is Raising More Cash Than Ever for Rental-Home Gambit (W)
Homeowners are sitting on a record amount of cash at $5.8 trillion – but still not tapping it (C)

US politics
President makes Supreme Court pick as pro-Trump group targets red-state Democrats in nomination fight (C)
With 36 governorships up for grabs in the midterm elections, Republicans have most to lose (C)

Geopolitics & trade
German and Chinese Leaders Hail Rules-Based Trade, With Eye to U.S. (W)
Trump Confident North Korea Will ‘Honor the Contract’ to Denuclearize (W)

Industries & companies
Autos: Tesla Buyers in China Are Early Casualties in Trade Wrestle (W)
FANGs: Lawmakers Press Alphabet and Apple on Privacy (W)
FANGs: Streaming TV or Movie? Why It Matters to Amazon’s Profits (W)
Financials: Business-Loan Drought Ends for Banks (W)
Media: Mickey Mouse Works His Magic in China (N)
Media: The spectacular rise and fall of MoviePass (MW)
Pharma: Trump Tweets Again on Drug Prices, Investors Mostly Shrug (B)
Retail: Nordstrom plans to open more stores with no inventory in Los Angeles, New York (C)
Shipping: Trade Tariffs Could Push Shipping to the Edge (W)

Corporate finance
IPO boom has opened the window for some scary companies (MW)
Half of ICOs Die Within Four Months After Token Sales Finalized (B)

Technology
High-Skilled White-Collar Work? Machines Can Do That, Too (N)

Offbeat
How Buddhist meditation kept the Thai boys calm in the cave (Vox)
A Mountain Of Surplus Cheese, Brought To You By The Federal Government (IBD)
Starbucks to Eliminate Plastic Straws by 2020 (W)