wiar 08-11-18

Mary FanslauWhat I Am Reading

August 11 (Saturday)

Markets I
Dow falls nearly 200 points as a currency crisis in Turkey rattles U.S. investors (MW)
Turkey Crisis Rattles Currency Markets, Pushes Dollar Higher (W)
Euro Becomes Collateral Damage as Trump Amps Up Turkey Pressure (B)
Turkey’s Meltdown Sends Shock Waves Through Emerging Markets (B)
Why Trump is attacking Turkey with sanctions and tariffs (C)
Trump Embraces Market Pain With Little Concern for Contagion (B)

Markets II
ETF Investors Go on a Retail Shopping Spree (B)
Credit Market’s ‘Eyeball Valuations’ Raise Investors’ Eyebrows (B)

Central banks
PBOC Vows No ‘Strong’ Stimulus, Says Won’t Use Yuan in Trade War (B)

Rising U.S. Consumer Prices Are Eroding Wage Gains (W)
Ten-Year High in U.S. Core Inflation Is Less Exciting Under the Hood (B)
An Economic Upturn Begun Under Obama Is Now Trump’s to Tout (N)

As Chinese Investors Panic Over Dubious Products, Authorities Quash Protests (N)

Turkey on the Economic Brink, Explained in a Dozen Charts (W)

US politics
US budget deficit increases 21%, on track for biggest gap in six years (C)
Trump’s Space Force will have to deal with lethal hypersonic weapons, Air Force General says (C)

Geopolitics & trade
Parts Shortages Crimp Manufacturers (W)
U.S. Orders Chinese Company to Sell Manhattan Building Near Trump Tower (W)

Industries & companies
Autos: Public or Private, Tesla Fans Are Along for the Ride (W)
Retail: Adidas sales outpacing Nike in North America (P)
Retail: Golf equipment sales see 8 percent uptick (P)
Tech: Qualcomm to settle Taiwan antitrust case for $93 million (P)

Hedge fund manager betting against Tesla gets box of short shorts from Elon Musk: ‘He is a man of his word!’ (C)
You See Less Than You Think (W)