wiar 08-03-18

Mary FanslauWhat I Am Reading

August 03 (Friday)

Markets
Tech Stocks Lift S&P 500 (W)
Did the Federal Reserve Trigger the FAANG Slide? (BR)
Japan still has great influence on global financial markets (E)

Central banks
Financial stability implications of a prolonged period of low interest rates (BIS)
Japan’s Economy and Monetary Policy (BOJ)

US politics
The $717 billion defense bill just made its way to Trump’s desk. Here’s what the Pentagon is poised to get (C)
White House Aims to Freeze Fuel Standards for Cars (W)
The Trump administration is headed for a gigantic debt headache (C)

Geopolitics & trade
Director of national intelligence calls Russian efforts to intervene in U.S. elections ‘pervasive and ongoing’ (MW)
Trump received letter from North Korea’s Kim on August 1: White House (R)
China Won’t Give in to U.S. Tariffs (W)
Trump zeroes in on China after EU trade truce (FT)

Industries & companies
Autos: Fiat Chrysler Has to Turn Jeep Around to Compete in China (W)
FANGs: Apple Reaches $1 Trillion in Stock-Market Value (W)
FANGs: Opinion: Why Apple’s trillion-dollar market cap is nothing to celebrate (MW)
FANGs: Google’s Road Back to China Littered With Obstacles (W)
FANGs: Fake Facebook Accounts Latched On to Real U.S. Protest Groups (W)
Media: CBS Posts Higher Profit, Revenue (W)

Corporate finance
Cisco Adds to Cybersecurity Offerings With Purchase of Duo (W)
Shares of wireless-speaker maker Sonos rise in post-IPO debut on Nasdaq (MW)