wiar 08-21-18

Mary FanslauWhat I Am Reading

August 21 (Tuesday)

Markets
Dow Industrials Are on Track for Highest Close Since February (W)
Why this stock-market bull may still have miles to go before it sleeps (MW)
Apple and these other stocks have contributed the most to this historic bull market (C)
Tech Bulls Brush Off Price Fears (W)
EM turmoil pushes US yield curve to its lowest in a decade (FT)
Gundlach warns record bond speculation could cause big move in interest rates (C)

Central banks
Powell to Discuss Economy and Monetary Policy at Jackson Hole (B)
At Heart of New Fed Debate: Bonds or Bills? (W)
Atlanta Fed Chief Pledges to Oppose Hike Inverting Yield Curve (B)
Trump Complains to Donors in the Hamptons About Powell’s Rate Hikes (B)
Trump tells Reuters he should be given ‘some help’ by the Fed (MW)
Fed Research Director David Wilcox to Retire at Year’s End (W)

Europe
Eurozone hails Greek bailout exit as end of crisis (FT)

Trade
Starbucks Boycott? Nike Shutdown? China Holds Trade War Leverage (B)

Industries & companies
Autos: Some Tesla Suppliers Fret About Getting Paid (W)
FANGs: Apple Is Planning a New Low-Cost MacBook, Pro-Focused Mac Mini (B)
FANGs: Apple Pulls Illegal Apps Targeted by Chinese State Media (W)
Retail: Estée Lauder Posts Robust Sales Growth (W)
Tech: Nvidia spikes after CEO introduces new processors for gaming (C)

Corporate finance
Pepsi to Acquire SodaStream in Shift to Healthier Drinks (W)
Pepsi Analysts Question SodaStream Synergies, Strategic Fit (B)
Tyson Foods to Acquire Keystone Foods for $2.16 Billion (W)
Citi Research says Tesla should raise capital to prevent a negative confidence ‘spiral’ (C)

Offbeat
Colombia Tests Drones to Kill Plants Used for Cocaine (W)
Videogame Developers Are Making It Harder to Stop Playing (W)
CPAs Fight to Protect Their Turf (W)