wiar 10-19-18

Mary FanslauWhat I Am Reading

October 19 (Friday)

Markets
Dow falls more than 300 points as the market’s October struggles persist (C)
Wall Street’s biggest bull: The market is ‘inappropriately’ pricing in a potential recession (C)
Goldman CEO Solomon says part of October’s market sell-off driven by programmatic trading (C)
It’s a Long Way Down for China Stocks Channeling Past Traumas (B)
China’s stock market is getting pummeled and history shows that is bad news for US markets (C)

Currencies & credit
U.S. Criticizes China’s Currency Practices, but Doesn’t Add Manipulator Designation (W)
Italy Turmoil Fails to Deter U.S. Investor From Peripheral Bonds (B)

Central banks
Quarles Backs Fed’s Gradual Policy Course (W)
Goldman Sachs sees five more Fed rate hikes through end of 2019 (R)
Cramer: The Fed’s attempt to preemptively curb inflation is ‘a mistake’ (C)

US
Inflation Is Back—and Unilever, Nestlé Are Taking Advantage (W)

Japan
Japanese inflation ticks up as oil rises but BOJ target remains elusive (R)

China
China’s third-quarter GDP growth set to hit weakest since 2009 amid trade war strain (R)

US politics
GOP Plans to Spend Millions to Help a Long-Shot New York Candidate (B)

Geopolitics & trade
Trump Says Khashoggi Likely Dead, Warns of ‘Severe’ Consequences (B)
Exodus From Saudi Event Rolls On as Goldman, Mnuchin Cancel (B)
Exclusive: U.S. asks for WTO panel over metals tariff retaliation (R)
Mattis Tries to Dial Back Confrontation With China (W)
Super Micro Tells Senators No Evidence of Chinese Hardware Hack (B)
U.S. Startup Accuses Huawei of Trying to Steal Its Technology (W)

Industries & companies
Autos: Tesla CEO Elon Musk just introduced a ‘lower-cost, mid-range’ Model 3 via Twitter (C)
FinTech: PayPal Profit Beats Estimates, an Encouraging Sign for Venmo (B)

Corporate finance
Tech Startups Stoke Market for IPOs (W)

Offbeat
Bangkok’s ‘Doctor Love’ Wants to Help Chinese Make Babies (B)