wiar 10-25-18

Mary FanslauWhat I Am Reading

October 25 (Thursday)

Markets
Dow futures point to more than 100-point rebound Thursday after plunging 600 points (C)
Tech stocks recover after-hours on positive earnings from Tesla and Microsoft (C)
Great earnings reports don’t matter to investors, who fear a trade war will hit 2019 profits (C)
Asia facing sharp falls after Wall St. rout (R)
China will do ‘whatever it takes’ to stop its falling stock market (BR)

Central banks
Volcker: What’s Wrong With the 2 Percent Inflation Target (B)
Prolonged market slump could bruise U.S. economy: Fed’s Mester (R)

US
U.S. manufacturers say tariffs pushing prices higher: Fed (R)
Fed Report Sees Optimism About Growth, but Growing Concerns About Tariffs (W)
New Home Sales Fall, Inventories Rise on Faltering Demand (W)

China
Why China’s Economic Troubles Run Deep (Wharton)

US politics
Suspected bombs mailed to top Dems and CNN (R)

Geopolitics & trade
Send Word: Trump Right to Fight Some Global Rules (W)
Saudi Crown Prince Pledges Justice for Journalist’s Death (W)

Industries & companies
Airlines: Surging fuel and plunging stock: American Airlines CEO in the hot seat for quarterly earnings (C)
Autos: Tesla shares soar on surprise third-quarter profit that beats Wall Street expectations (C)
Autos: Ford shares jump after strong truck sales help third-quarter results beat expectations (C)
Energy: Exclusive: Trump, industry work behind the scenes to save Saudi arms package (R)
FANGs: Ex-Facebook security chief calls out Tim Cook and Apple’s practices in China (C)
Financials: Barclays Cruises While Deutsche Bank Spins (W)
Hospitality: CEOs of two big American hotel chains see wage pressures mounting (C)
Tech: AMD’s stock craters more than 20% after hours on weak graphics sales (MW)
Tech: Microsoft’s Cloud Strategy Pays Off (W)