wiar 07-17-18

Mary FanslauWhat I Am Reading

July 17 (Tuesday)

Markets
Think strong earnings will break stocks out of their range? Nope, Morgan Stanley says (MW)
CEO of world’s largest asset manager says tariff clash could knock 10% to 15% off the stock market (MW)

Central banks
Fed’s Powell Presents Lawmakers With a Charm Offensive (W)

US
Strong Retail Sales in June Boosted Growth (W)

China
China Shifts Gears to Support Economic Growth (W)

Geopolitics
Trump refuses to denounce Putin over election meddling at summit, blames ‘both countries’ (C)
Trump praises Putin’s ‘incredible’ offer for special counsel investigators to ‘come and work’ with Russia on probe (C)
‘The United States has been foolish’: Read the full transcript of Trump’s press conference with Putin (C)
‘Shameful,’ ‘disturbing,’ and an ’embarrassment’ — Congress reacts to Trump’s press conference with Putin (MW)
Theresa May Says Trump Advised Her to Sue the EU (W)
Inside Israel’s Raid to Seize Nuclear Documents in Iran (W)

Trade
U.S. Files Complaints With WTO Against Trading Partners (W)
Whirlpool Wanted Washer Tariffs. It Wasn’t Ready for a Trade Showdown. (W)

Industries & companies
FANGs: Amazon suffers glitches at the start of Prime Day (C)
FANGs: Amazon Prime Price Hike Hasn’t Dented Membership, Executive Says (B)
Financials: Bank of America Profit Up 33% (W)
Financials: It’s Getting Tougher for Big Banks to Add Mobile Users (B)
Industrials: Boeing and Airbus Land $43 Billion Worth of Airliner Orders (W)

Corporate finance
China Targets U.S. Tech Startups in Investment Loophole (W)

Offbeat
The Problem With Innovation: Big Companies Are Hogging All the Gains (W)
Startup Producing Cell-Grown Meat Raises New Funding (W)
Elon Musk Lashes Out at Cave Rescuer in Twitter Outburst (W)