wiar 10-22-18

Mary FanslauWhat I Am Reading

October 22 (Monday)

Markets
Bull Market’s Latest Hurdle: Slowing Sales Growth (W)
Stocks Will Rally in 2019, Big Money Poll Predicts (BR)
The ‘smart money’ says it’s time to buy the Chinese internet giants and the U.S. FAANGs (MW)
How to Play Preferred Stock as Yields Rise (BR)

Credit
Short-Term Bonds Are Looking Much Better (BR)
Italy Cut to One Step Above Junk by Moody’s in Wake of Bond Rout (B)

US
Strong Economy Draws Women Into U.S. Labor Force (W)
Don’t Be Fooled by Low Unemployment: The Jobs Recovery Still Has Room to Run (BR)

Europe
Italy expects EU budget rejection on Tuesday: source (R)

Japan
How Investors’ Gloomy Take on Japan May Be Upended by Inflation (B)

China
China says must balance stable growth and risk prevention (R)
China Finds Big-Ticket Spending Is a Road to Nowhere (W)
Exports Keep China’s Economy Warm, but Winter Is Coming (W)
Alibaba, Tencent, and Baidu Are Down, Not Out (BR)

US politics
Trump’s Pre-Election Tax-Cut Promise Leaves GOP Leaders Baffled (B)
Democrats Hold Edge for Midterms With Turnout Unpredictable (B)

Geopolitics & trade
Mnuchin dismisses risk of contagion from China’s economic slowdown (R)
Mnuchin Open to Change That Could Label China a Currency Manipulator (B)
Mnuchin says it will be harder for Iran oil importers to get waivers (R)
Saudi Arabian Foreign Minister apologizes for Khashoggi’s death as calls grow for more answers (C)
Allies Doubt the Shifting Saudi Story. Even Trump Is Citing ‘Lies’ (B)
Caravan Heads North After Migrants Cross Into Mexico (W)

Industries & companies
Autos: Tesla insiders paint an unflattering portrait of Musk’s micromanagement that wastes time and money (C)
Energy: Frackers Bet on New Terminals to Boost Oil Exports (W)

Offbeat
UBS Cautions Private Bankers on Travel to China (W)
Powerball now at $620 million, while Mega Millions jackpot hits $1.6 billion. Do this if you win (C)
FICO Plans Big Shift in Credit-Score Calculations (W)
Zero-waste stores pop up in the US, targeting shoppers tired of all the waste (C)