wiar 08-24-18

Mary FanslauWhat I Am Reading

August 24 (Friday)

Markets
Trump says impeachment would crash the market. Really? (N)
Investors Needn’t Fear Trump Impeachment (W)
What Does the Longest Bull Market Mean? A Debate (B)
Active Managers Fall Further Behind the Indexes They Aim to Beat (B)

Currencies
Chinese Households Shrug Off Depreciation Fears to Embrace Yuan (B)
Euro Pessimism Reaching Point Where Some Say It’s Time to Buy (B)

Central banks
What to Watch for at Fed’s Jackson Hole Symposium (W)
A 1998 Paper May Yield Clues to Powell’s Themes for Jackson Hole (B)
The Fed Worries About Corporate Monopolies. Investors Should Just Buy Them. (W)
Fed poised to raise rates, but maybe not much farther (R)
Fed’s George Calls for More Rate Increases (W)
Fed Officials Say Rate-Hike Criticism by Trump Won’t Sway Policy (B)

US
U.S. New Home Sales Fell in July (W)

China
Alibaba Sales Jump 61%, Fueled by Online Spending (W)

US politics I
Sessions Defends Himself After Trump Slams DOJ and Decries ‘Flipping’ (W)
Key Republicans Give Trump a Path to Fire Sessions After the Election (B)
Juror in Manafort Trial Says There Was One Holdout (W)
Billionaire Democrat Tom Steyer is seriously looking into running for president as he pushes for Trump’s impeachment (C)

US politics II
U.S. Senate passes massive spending bill for defense and domestic programs (R)
U.S. CEOs warn of harm from Trump administration’s immigration policy (R)
DNC Says Reported Hack Attempt Was a False Alarm (W)
IRS Moves to Block New York, New Jersey Plans to Bypass SALT Cap (B)

Geopolitics & trade
U.S.-China trade talks end with no breakthrough as tariffs kick in (R)
Peter Navarro Used To Be a Democrat. Now He’s the Mastermind Behind Trump’s Trade War (Time)
Ford Executive to Lead North Korea Talks (W)
Taking Cue From the U.S., Australia Bans Huawei From 5G Network (W)

Industries & companies
Consumer: Coca-Cola Launched 500 Drinks Last Year. Most Don’t Taste Like Coke. (W)
FANGs: One of Google’s newest sister companies is ready to go after the $96 billion cybersecurity industry (C)
FANGs: Apple is hiring scores of ex-Tesla employees, and not just for its car project (C)
Industrials: Honeywell Spinoffs Give Investors Early Look at Operations (W)
Retail: Strong Consumption Breathes New Life Into Retail Stocks (W)
Retail: Who Killed Toys ‘R’ Us? It Wasn’t Only Amazon (W)