wiar 10-26-18

Mary FanslauWhat I Am Reading

October 26 (Friday)

Markets
Dow surges 400 points as tech jump leads recovery from Wednesday’s sell-off (C)
Stocks Roar Back, Erasing Most of Yesterday’s Loss (B)
Asset Managers Have Led Market Decline, a Bad Sign for Stocks (W)

Central banks
Trump’s own hawks: Fed’s newest member Clarida backs higher rates (R)
Fed Fires Warning Shot at Wall Street’s Riskier Loan Deals (B)
Draghi Offers Blunt Suggestion to Rome to ‘Tone It Down’ (B)

US
U.S. business spending on equipment cooling; goods trade deficit rises (R)
The U.S. Economy Is Doing Great. Why Isn’t Housing? (B)
Yardeni: Gen Z ‘are likely to be the most self-educated generation’ (Yahoo)
A Big Reason U.S. Economy Is Accelerating: Military Spending (W)

Geopolitics & trade
U.S. Won’t Resume Trade Talks Without Firm Chinese Proposal (W)
U.S. military may send up to 1,000 troops to Mexico border (R)
Saudi Arabia Says Evidence Points to Premeditated Killing of Khashoggi (W)

Industries & companies
Autos: Ford’s ‘Better-Than-Feared’ Quarter Triggers Relief Rally (B)
Autos: Tesla’s Record Profit Buoys an Embattled Musk (W)
Airlines: Fuel Costs Cut American’s Profit (W)
Consumer: AB InBev Halves Dividend as Beer Remains Out of Favor (W)
FANGs: Amazon says AWS revenue jumped 46 percent in third quarter (C)
FANGs: Alphabet Quarterly Sales to Surge, Despite Regulatory Haze (B)
Homebuilders: Homebuilders Finally See Some Relief After Analyst Upgrade (B)
Media: Comcast Profit Rises as It Looks Beyond U.S. for Growth (W)
Pharma: Trump Unveils Test Plan to Lower Medicare Drug Costs (W)
Social-Media: Twitter Boosts Revenue, Swings to Profit (W)
Social-Media: Snapchat Lost Users in Quarter And Says Decline Will Continue (B)
Restaurants: Chipotle turns in a mixed quarter, earnings beat but same-stores sales disappoint (C)
Tech: Intel soars on big earnings beat (C)
Tech: Microsoft’s Cloud Strategy Pays Off (W)
Tech: The Global Tech Backlash Is Just Beginning (W)

Corporate finance
Lazard CEO Says He’s Open to Sale of $240 Billion Asset Manager (B)

Offbeat
Officials Focus on Florida To Trace Explosive Devices (W)
In More High School Classes, the Teacher Is on a Screen (W)