wiar 10-20-18

Mary FanslauWhat I Am Reading

October 20 (Saturday)

Markets
Dow Rises After Chinese Shares Rebound (W)
With market on edge, investors look to tech trio (R)
Investors can get big tax breaks if they invest in ‘opportunity zones’ under new Treasury rules (C)
Goldman Says It’s Time to Buy the Dip in Beaten-Down Emerging Markets (B)

Central banks
Quarles Backs Fed’s Gradual Policy Course (W)
Don’t Chase the Needles: An Optimistic Assessment of the Economic Outlook and Monetary Policy (Quarles, FRB)
Fed’s Kaplan sees two-three more rate hikes to hit ‘neutral’ level (R)

US
U.S. Existing-Home Sales Fall to Lowest Since 2015 (B)

China
China Growth Slows to 6.5%; Finance Officials Try to Soothe Worried Investors (W)
China’s Export Engine Likely to Cool, Further Slowing Growth (W)

US politics
‘Information warfare:’ Feds charge Russian woman with interference in US political system, midterms (C)

Geopolitics & trade
Clash over Trump tariffs heats up with barrage of WTO litigation (R)
Europe, Asia Nations Join U.S.’s Economic Pushback Against China (W)

Industries & companies
Autos: Tesla ‘damned if you do, damned if you don’t’ on $35,000 Model 3: analyst (MW)
Autos: Tesla Short Seller Warns of ‘Massive’ Supply-Chain Disruption (B)
Consumer: Procter & Gamble shares jump 7% on biggest quarterly sales gain in 5 years (C)
FinTech: JP Morgan’s Jamie Dimon makes his biggest bet on Silicon Valley with new ‘fintech campus’ (C)
FinTech: PayPal surges 9% after its Venmo app shows signs of becoming a moneymaker (C)
Manufacturing: Hasbro reportedly to cut workforce by less than 10% (C)
Tech: Microsoft is now tying Satya Nadella’s pay to LinkedIn’s performance (C)
Wireless: 5G Has Arrived. It’s Been A Long Wait for Ericsson, Nokia. (W)

Offbeat
CEO berates analysts on conference call: ‘You are a disaster…they will have to commit suicide’ (C)
The rules were changed, making the odds of winning the $ 1 billion Mega Millions jackpot so slim (C)
Amazon Revisits Shortlisted Cities as HQ2 Decision Looms (W)