wiar 11-06-18

Mary FanslauWhat I Am Reading

November 06 (Tuesday)

Markets
Dow rises nearly 200 points as Berkshire Hathaway jumps, but Apple drags down Nasdaq (C)
This is what’s happened to stocks after every midterm election since World War II (MW)
Trump’s trade war with China matters more to the market than the elections and it’s not going well (C)
Record Number of Markets Now in the Red in Worst Year Since 1901 (B)

Central banks
Haruhiko Kuroda: Japan’s economy and monetary policy (BIS)
Minutes of the Monetary Policy Meeting on September 18 and 19, 2018 (BOJ)

US
Companies Face the Tariff Squeeze (W)
Service-Sector Activity Cools Slightly in October (W)

Europe
Theresa May to Set Out Brexit Options to Her Divided Team, Sources Say (B)

China
‘Mounting downward pressure’: Chinese companies are doing it tough as new orders dry up (BI)
Alibaba and the Slowing Chinese Economy (W)
Jack Ma Says the Trade War Is the ‘Most Stupid Thing’ (B)

US politics
Midterms Speed Read: All You Need to Know About Tuesday’s Vote (B)
Moore: Five midterm races that matter most (Washington Times)
Fox News, NBC and Facebook Pull Trump-Backed Anti-Migrant Ad (B)
How Far Have the Democrats Moved to the Left? (The Atlantic)
Trump says his administration is ‘looking at’ whether Amazon, Facebook and Google are violating antitrust laws (BI)

Geopolitics & trade
FT Op-Ed: Renewed sanctions will push Iran towards a better nuclear deal (Treasury)
U.S. Issues Eight Waivers on Iran Oil Sanctions (W)
Trump says China wants to make a deal on trade, he wants right deal (R)
Xi’s Swipes at Trump Show China Standing Its Ground in Trade War (B)
Trophy Infrastructure, Troublesome Debt: China Makes Inroads in Europe (W)

Industries & companies
Autos: How Tesla Made a Record Profit (W)
FANGs: As Amazon HQ2 talk grows, Crystal City expects rising property prices, heavy traffic and lots of jobs (C)
FANGs: Amazon will reportedly split HQ2 between two cities (C)
Industrials: GE dismisses talk that it may owe billions of dollars in taxes (R)

Corporate finance
Warren Buffett sends ‘strong signal’ to market with Berkshire Hathaway’s $1 billion buyback (C)

Offbeat
Last Flights of Crashed Indonesia Jet Had Airspeed-Indicator Problem (W)