wiar 08-16-18

Mary FanslauWhat I Am Reading

August 16 (Thursday)

Markets
Dow’s tumble puts it at risk of the longest stint in correction territory in nearly 60 years (MW)
‘If there were ever a moment to harvest gains … it is August 2018’: Guggenheim CIO (MW)
U.S. Policy Stirs Foreign Markets (W)
Latest Economic Worries Crush Metals Prices (W)
Why Aren’t Bond Yields Higher? Tax Cuts… (B)

Central banks
Trump might get his slowdown in rate hikes, but for the wrong reason (C)

US
U.S. Worker Productivity Improves at Best Pace in Three Years (W)
Retail Sales and Manufacturing Are Powering U.S. Growth This Summer (W)
U.S. Industrial Production Edged Up in July (W)
Americans Are Spending Like Crazy at Restaurants (B)

China
Tech Giant Tencent Caught in Chinese Regulatory Trap (W)

Emerging
Turkey’s Economic Red Flags Stand Out Among Emerging Markets (W)
Qatar Comes to Rescue as Turkey Moves to Avert Financial Crisis (B)

US politics
Trump is right: America was ‘built on tariffs’ (MW)
Trump is preparing to expand ‘Buy America’ rules to include government infrastructure projects (C)
Trump Revokes Security Clearance of Ex-CIA Director (W)

Industries & companies
Financials: Banks Say No Thanks to Volcker Rule Changes (W)
Media: Netflix pays more for TV shows up front, but keeps more upside on big hits, insiders say (C)
Retail: Macy’s is getting crushed, but the retail rally isn’t over yet, according to one top strategist (C)
Tech: Uber CEO Embraces Losing Money With Revenue Growth Slowing (B)

Corporate finance
Goldman Says It’s Advising on Tesla Days After Musk Buyout Tweet
SEC has reportedly served Tesla with a subpoena after Elon Musk’s take-private tweet