wiar 07-20-18

Mary FanslauWhat I Am Reading

July 20 (Friday)

Stock investors confront what was once unthinkable: a new world order (MW)
No End in Sight for Commodity Crash With Charts Sending Bear Signals (B)
Copper — a metal with a history of predicting economic trouble — hits 1-year low, nears bear market (C)

Central banks
Trump Blasts Powell’s Rate Hikes, Trespassing on Fed’s Independence (B)
White House: Trump is not interfering with Fed policy decisions (C)
Powell Hints at New Read on Labor Force Justifying Gradual Hikes (B)
Trucking Woes Plague Fed Districts With Drivers Hard to Find (B)

In the US, the rich are getting richer and the poor are getting poorer, study concludes (C)

US politics
House GOP Push to Extend Tax Cuts Meets Resistance in Senate (W)
Trump workforce re-training order could create 500K new job opportunities (FO)

Geopolitics & trade
Tariff Threats Affect Fast-Growing List of Products (W)
Ross: ‘Too Early to Say’ Whether National-Security Probe Will Bring Auto Tariffs (W)
Europe Warns of Retaliation Over U.S. Auto Tariffs (W)
Trump wants Putin to visit Washington in the fall, White House says (C)
Trump: I’ll be Vladimir Putin’s ‘worst enemy’ if US-Russia relationship ‘doesn’t work out’ (C)

Industries & companies
Fintech: Wall Street Is Suddenly Bullish on Fintech Stocks (B)
Materials: Alcoa Shares Drop As Investors Worry About Tariff Impacts (W)
Pharma: Merck to Limit Drug-Price Increases, Cut Some Prices (W)
Tech: Microsoft’s Revenue Gets Lift From Cloud (W)

Corporate finance
Comcast Drops Bid for Fox Assets, Will Pursue Deal for Sky (W)
Strike three: Comcast can add Fox to list of huge acquisitions it’s failed to close (C)

Technology & cybersecurity
Robots Are Ready to Shake (and Stir) Up Bars (W)
Medical Testing Giant LabCorp Hit by Ransomware Attack (W)
Rosenstein Cites Growing Cyber Threat Against U.S. Elections (B)