wiar 10-24-18

Mary FanslauWhat I Am Reading

October 24 (Wednesday)

Markets
Stocks roar back from 500-point loss in the Dow, but still end the day lower (C)
Inside S&P 500, most stocks in correction or bear market (R)
The stock market sent a warning signal before its big turnaround Tuesday (C)
China talks up the stock market amid lurking concerns about share-backed loans (C)
Here are the early signs China’s stock-market woes are starting to infect the rest of the world (MW)
Foreign Buying of U.S. Treasurys Softens, Unsettling Financial Markets (W)

Energy
Oil Tumbles 5% After Saudis Pledge to Produce as Much as They Can (B)

Central banks
For Fed, sell-off could point to fading Trump stimulus (R)
Fed’s Bostic says comfortable with fourth rate hike following strong data (R)
Trump directly attacks Fed Chairman Powell, saying ‘Obama had zero’ interest rates (C)

Europe
In First for Europe, Brussels Rejects Italy’s Budget (W)

US politics
Key Republican Says GOP Will Advance Trump’s Tax Cut If They Keep Congress (B)

Geopolitics & trade
Trump: Saudis staged ‘worst cover up ever’ on Khashoggi (R)
Trump Defers to Congress on U.S. Response to Khashoggi Killing (B)
Trump adviser tells Putin: We’ll quit arms control treaty you’re breaking (R)
Bolton Says Trump Would Welcome Meeting with Putin Next Month in Paris (W)
Another Migrant Caravan Gathers in Guatemala (W)

Industries & companies
Autos: Tesla’s stock skyrockets after legendary short seller goes long (MW)
FANGs: Amazon’s move off Oracle caused Prime Day outage in big Ohio warehouse, internal report says (C)
Industrials: Manufacturers See Signs of New Risks (W)
Pot: The real reason marijuana stocks are falling off a cliff — and what to do now (MW)

Technology
Amazon Pitches Facial Recognition to Monitor Immigrants (B)

Offbeat
Doctors have a simple piece of advice for heart patients who want to live longer (MW)