wiar 10-06-18

Mary FanslauWhat I Am Reading

October 06 (Saturday)

Markets
Tech Stocks Tumble as Market Momentum Stalls (W)
These stocks are the biggest winners when interest rates rise (C)
Here’s the number everyone in the financial markets is obsessing about and why [10-year yield] (C)
Bond Investors Catch Up With Fed’s Plans (W)

Central banks
Fed’s Williams sees ‘ways to go’ before rates pinch growth (C)
Fed’s Bostic Not Ready to Call for Restrictive Monetary Policy (W)

US
U.S. job growth cools; unemployment rate drops to 3.7 percent (R)
Here’s where the jobs are — in one chart (C)
Exclusive: U.S. Commerce head Ross sees wage increases for steel workers (R)

Europe
The Achilles’ Heel for Italy’s Populists: Weak Banks (W)

US politics
Confirmation vote could come as early as Saturday (NN)
Key Republican Jeff Flake will support Kavanaugh’s confirmation barring big changes (C)
Facing pressure at home, Manchin and Murkowski buck party lines in key vote on Kavanaugh (C)

Geopolitics & trade
China Expands Cybersecurity Rules, Heightening Foreign Concerns (W)
America First is hurting China’s business (R)
Auto Makers Consider Shifting Manufacturing to North America (W)
Europe Tells Trump: Don’t Bully Us on Trade (W)

Industries & companies
Autos: Tesla is down 7% thanks to Musk’s tweets, wiping out the gains Tesla got for settling with the SEC (C)
Autos: Einhorn on Tesla: ‘Like Lehman, we think the deception is about to catch up’ (C)
Autos: Ford is planning cuts to its salaried workforce (C)
Autos: Toyota Recalls More Than 2 Million Autos Over Hybrid-System Fault (W)
Consumer: LaCroix faces suit for mislabeling its sparkling water as natural (C)
FANGs: David Einhorn dumps Apple on fear of ‘Chinese retaliation against America’s trade policies’ (C)
FANGs: Netflix is down 15% from its high, and there could be more pain ahead (C)
Financials: Banks Are Getting Squeezed by the Fight Against Dirty Money (W)
Retail: Mattress Firm is about to close more than 200 stores. Here’s a map of where they are (C)

Corporate finance
Saudi Crown Prince Vows Aramco IPO by 2021, Keeps to $2 Trillion (B)