wiar 07-24-18

Mary FanslauWhat I Am Reading

July 24 (Tuesday)

Markets
Investors Are a Lot Easier to Impress With Earnings This Time Around (B)
U.S. Bond Yield Nears 3% on Concerns About Demand Abroad (W)
China Says It Has ‘No Desire’ to Devalue Yuan Amid Trade War (B)
Trump’s Tweets Aren’t Expected to Hold Down the Dollar (B)

Central banks
Tepid inflation likely to keep Bank of Japan from taking a hawkish tilt (MW)
Lenders May Carp, but Bank of Japan Is Wary of Big Shifts (W)

US
U.S. 4% GDP Growth Seen More ‘Luck of the Draw’ Than New Reality (B)
Workers are ‘ghosting’ interviews, blowing off work in a strong job market (USA)
U.S. Existing-Home Sales Tumbled Again in June (W)

China
China’s Building Spree Hits Trouble in Pakistan (W)

US politics
Six Senate Seats Democrats Need to Defend in Midterms (W)
Trump considers stripping security clearances of James Comey, Andrew McCabe and other ex-officials (C)

Geopolitics & trade
Trump tweets all-caps tirade warning Iran never to threaten U.S. (MW)
G-20 Makes Little Progress on Tariffs (W)
EU Counts on Top Official to Try to Calm U.S. Trade Fight (W)
The ‘significant damage’ a U.S.-China trade war could do to the global economy — in one chart (MW)

Industries & companies
Autos: Tesla explains why it asked some suppliers for retroactive discounts (C)
Autos: Sergio Marchionne’s Exit Jolts Ferrari (W)
FANGs: Trump Says Bezos Guards Amazon on Antitrust With Washington Post (B)
FANGs: Amazon earnings: Prime Day isn’t the only thing giving business a boost (MW)
Retail: IKEA’s Strategy in India: If We Build It, They Will Come (W)
Retail: Starbucks growth-rate goals come back down to Earth (MW)

Corporate finance
Qualcomm Faces Demise of NXP Deal as Trade Fight Rumbles On (W)
Daniel Loeb’s Third Point unveils new position in PayPal, says it could be next Netflix, Amazon (C)

Offbeat
China’s Latest Consumer Scandal: Unsafe Vaccines (W)