wiar 07-25-18

Mary FanslauWhat I Am Reading

July 25 (Wednesday)

Markets
Earnings Boost U.S. Stocks (W)
Goldman’s Abby Joseph Cohen warns of inflection point that could ‘spook’ markets (MW)
China’s Markets Embrace Risk as Traders Bet Big on Stimulus (B)
Foreign investors shed record Italian debt volume (FT)

Central banks
What’s Fueling Speculation the BOJ Will Change Policy (B)

US
Southern California home sales crash, a warning sign to the nation (C)

China
Chinese Pull Back on U.S. Real Estate Buying Spree That Had Helped Prices (W)

US politics
Here’s what’s in House Republicans’ ‘tax reform 2.0’ package (MW)
Kavanaugh’s Path to Supreme Court Likely Goes Through Rand Paul (W)
U.S. Sets $12 Billion in Farm Aid to Ease Trade-Fight Impact (W)

Geopolitics & trade
Why Treasury Hasn’t Labeled China, EU as Currency Manipulators (W)
Manufacturers Take Tariffs in Stride (W)
Whirlpool shares plunge 14.5%, post worst day since 1987 as tariffs wreak havoc on costs (C)
Apple Vulnerable in Trade Showdown (W)
U.S. Increasingly Large Driver of Global Trade Deficits, IMF Reports (W)

Industries & companies
FANGs: Alphabet may become the Berkshire Hathaway of the internet age on its massive technology bets (C)
Financials: UBS Profit Boosted by Investment Banking (C)
Media: AT&T falls after missing on revenue in first results since Time Warner deal close (C)

Technology & cybersecurity
Are you ready to fly without a human pilot? (C)
Russian Hackers Reach U.S. Utility Control Rooms, Homeland Security Officials Say (W)
2020 Census Comes With New Technology, but Greater Risks (W)

Offbeat
Economists Can’t Write Economically, Driving Demand for Brevity (W)
Ivanka Trump Closing Her Namesake Fashion Brand (W)
‘Hamilton’ May Be Headed to the Movies (W)