wiar 10-18-18

Mary FanslauWhat I Am Reading

October 18 (Thursday)

Markets
Dow slides more than 100 points again after Fed minutes point to more rate hikes (C)
Big Netflix Beat Has Analysts Debating How High Stock Can Go (B)
China is still the wildcard in the stock market’s wild ride — here’s why (C)
Fund Managers Increasingly Wary on Global Growth (W)

Credit, currencies, & commodities
Billionaire investor Leon Cooperman says bonds, not stocks, are in a bubble (C)
The Earnings Elephant in the Room (W)
Oil Tumbles on Jump in Inventories (W)

Central banks
Fed Minutes Point to Continued, Gradual Interest-Rate Increases (W) | Minutes
Fed Officials Debated Hiking Rates to Restrictive Territory (B)

US
U.S. Housing Construction Fell in September, Continuing Weak Stretch (W)

Europe
Europe Offers Britain an Olive Branch to Break Brexit Impasse (W)

US politics
This bitter House race in New York shows how health care is dominating the battle for Congress (C)
Trump says each Cabinet secretary should slash 5% of their budgets after he pledges to cut spending (C)
Treasury employee busted for allegedly leaking documents related to Paul Manafort, Russians (C)
Mueller Ready to Deliver Key Findings in His Trump Probe, Sources Say (B)

Geopolitics & trade I
Trump, Pompeo Cite U.S.-Saudi Ties as Khashoggi Crisis Escalates (B)
Khashoggi crisis threatens to alienate the foreign firms remaking Saudi Arabia’s economy (C)
Top Bankers Quietly Prep for Saudi While Their Bosses Skip Forum (B)
Ties to Saudi Prince Weigh On SoftBank Fund’s Future (W)

Geopolitics & trade II
China, World’s Biggest Exporter, Tries Branding Itself as an Importer (W)
Trump Administration Moves to End Deep Discounts for Packages From China (W)
Wall Street slashes earnings outlook for automakers and suppliers amid concern about China (C)

Industries & companies
Autos: Tesla Advances in China, Buying Land for a Factory (W)
FANGs: Netflix is adding almost as many subscribers in one year as HBO did in 40 years (C)
FANGs: Funds Back Proposal to Remove Zuckerberg as Facebook Chairman (W)
Financials: Banks Take Fight Against New Loan-Loss Rule to Washington (W)
Financials: Regulators Rescind Federal Oversight of Prudential Financial (W)
Pharma: Drug giant Pfizer offers early retirement ahead of layoffs in memo to employees (C)
Tech: IBM Shares Slide as Revenue Drop Renews Concerns (W)
Trucking: Uber Targets Trucking With New Trailer-Rental Business (W)

Corporate finance
Elon Musk says he’s going to buy $20 million of Tesla stock (C)

Offbeat
Mega Millions jackpot at $868 million, the second-largest US lottery prize ever (C)
College Readiness Declines, Especially in Math, ACT Shows (W)