wiar 08-07-18

Mary FanslauWhat I Am Reading

August 07 (Tuesday)

Markets
U.S. Stocks Rise on Robust Earnings Season (W)
The Stock Market Is Shrinking. That’s a Problem for Everyone. (N)
Jamie Dimon cautions the 10-year Treasury yield could hit 5%: ‘It’s a higher probability than most people think’ (C)

Central banks
Don’t Worry About the End of QE, Worry About Rates (W)

US
Goldman, Morgan Stanley raise GDP outlooks, and Goldman says jobless rate could be lowest since 1953 (C)
The GDPNow model estimate for real GDP growth (saar) for Q3-2018 is 4.4% down from 5.0% (FRB-ATL)
GDP, Labor Force Participation and Economic Growth (FRB-SL)
Conference Board’s Employment Trends Increased in July (W)
The Call to Care for Aging Parents Comes Sooner Now (W)

China
China millennials’ love of credit cards raises debt fears (FT)
A Generation Grows Up in China Without Google, Facebook or Twitter (N)
China drug scandals highlight risks to global supply chain (FT)

US politics
U.S. Corporate Tax Cuts Likely to Hit Other Countries’ Bottom Lines (W)
A Team Comfortable With Letting Trump Be Trump (W)

Trade
China’s stock market plunge will not force the country to give up in its trade war with US (C)

Industries & companies
Consumer: Pepsi CEO Nooyi to Step Down; Veteran Set to Take Helm (W)
FANGs: Facebook Shares Rise on Optimism for Banking Relationships (B)
FANGs: Facebook Asked Banks to Share Data on Their Customers (W)
FANGs: Tech Giants Embrace the Unthinkable: Privacy Legislation (W)
Financials: HSBC’s Profit Dented by Higher Expenses (W)
Financials: Insurers Are Speeding Up Claims. Their Worry: More Mistakes (W)
Health Care: GM Cuts Different Type of Health-Care Deal (W)
Media: MoviePass Slashes Offering to Three Films a Month (W)

Corporate finance
AT&T Not Out of the Legal Woods Yet (W)

Cryptocurrency
NYSE parent launches digital currency exchange (P)

YRI
New! YRI Video Podcasts: Full-time employment continues to rise to new record highs
Daily Markets Overview