wiar 10-10-18

Mary FanslauWhat I Am Reading

October 10 (Wednesday)

Markets
Tech Snaps 3-Day Skid But Stocks Can’t Hold Gains: Markets Wrap (B)
Stocks Slip, Dragged Lower by Materials Sector (W)
This touted market predictor screams sell, but here’s why you might want to ignore it (MW)
Why investors shouldn’t fear the dominance of FAANG stocks (MW)
Yuan Lending Rate Surges as China Struggles to Stem Currency’s Slide (W)

Global
IMF Lowers Global Growth Forecasts for 2018 and 2019 (W)

Central banks
Trump says he doesn’t like what the Fed is doing, central bank is going too fast in raising rates (C)
Rising yields suggests ‘conflicting factors’ over U.S. growth: Fed’s Kaplan (R)
Fed’s Kaplan Is ‘Comfortable’ With Another Three Rate Rises (W)

US
Mortgage rates jump past 5%, signaling more home price cuts ahead (C)

Europe
Italian Yields Would Need to Rise Much Further to Trouble Banks (B)
France’s Macron: Celebrated Abroad, Isolated at Home (W)

US politics
Health Care Crowds Out Jobs, Taxes in Midterm Ads (W)
Trump officials have talked to Goldman Sachs’ Dina Powell about possibly replacing Haley in UN role (C)
Interest Groups Compete for Trump’s TV Attention (W)

Geopolitics & trade
Trump repeats threat of more tariffs if China retaliates on trade (R)
Metal Tariffs Haven’t Cost Jobs (Yet) (B)
China slashes U.S. LPG imports amid trade war (R)
P&G gets steel tariff exemption for Gillette, Venus razors (R)

Cyber-security
New Evidence of Hacked Supermicro Hardware Found in U.S. Telecom (B)

Industries & companies
Autos: Ford Falls Below $9 for the First Time in More Than Six Years (B)
Chemicals: PPG’s Warning on Costs Reverberates (W)
Energy: Here’s what Trump’s ethanol plan means for farmers, refiners and motorists (MW)
Energy: Big Oil’s Bet on Natural Gas Is a Slow Burn (W)
Energy: Exxon Puts Up $1 Million to Boost Carbon Tax (W)
FANGs: Google Appeals $5 Billion EU Fine in Android Case (W)
Financials: Bank Earnings: Expect Big Profits, But Buyer Beware (W)
Home Builders: U.S.’s Largest Home Builder in Talks to Offload Lending Unit (W)
Pot: Pot stocks pull back as Aurora Cannabis applies to trade on the NYSE (MW)

Corporate finance
Lyft Asks Banks for Pitches to Underwrite 2019 IPO (B)
Snap Is ‘Quickly Running Out of Money,’ Analyst Says (B)
Bill Ackman reveals $900 million bet on Starbucks, sees shares doubling in three years (C)

Technology
Google Reveals New Pixel Phone, Speaker to Chase Apple, Amazon (B)