wiar 09-15-18

Mary FanslauWhat I Am Reading

September 15 (Saturday)

Markets
Stocks Hang on to Weekly Gains (W)
Rebound for Industrials Helps Stabilize U.S. Stocks (W)
Nobel Prize winner Shiller sees ‘bad times in the stock market’ ahead (C)

Central banks
San Francisco Fed Picks Longtime Insider Mary Daly as New Chief (B)
Janet Yellen Advocates ‘Lower-for-Longer’ Rates Plan for Future Slumps (B)

US
GDPNow in the third quarter of 2018 is 4.4 percent on September 14, up from 3.8 percent on September 11 (FRB-ATL)
U.S. Consumers Brighten, Upbeat About the Future (W)
Homeowners are sitting on $6 trillion in available cash, but they’re not tapping it (C)
Young people say these are the 2 main reasons they can’t buy homes (C)
Chicago is considering universal basic income to help struggling families (C)

US politics
Mueller Wins Manafort’s Cooperation in Plea Deal (B)
Kavanaugh Denies Allegation of Sexual Misconduct in High School (W)

Geopolitics & trade
Trump Wants $200 Billion in China Tariffs Despite Talks (B)
North Koreans Exploit Social Media’s Vulnerabilities to Dodge Sanctions (W)

Industries & companies
FANGs: Apple Watch Series 4 First Look: A Medical Wearable in Pretty Disguise (W)
FANGs: The real reason Amazon’s HQ2 will be near Washington, D.C. (C)
Media: Cord-Cutters Beware: Streaming TV Prices Are Marching Higher (W)
Retail: Sears Reports Widening Losses and Tumbling Sales (W)
Retail: Henri Bendel to Close After 123 Years (W)

Corporate finance
Mary Meeker Ditches Kleiner Perkins to Start Her Own Firm (B)

Offbeat
Florence Pounds Carolinas With Wind, Rain (W)
Most Powerful Typhoon of 2018 Set to Cause Disruption in Asia (B)
SpaceX Says It Signed Up Its First Moon Tourist (W)