wiar 11-08-18

Mary FanslauWhat I Am Reading

November 08 (Thursday)

S&P 500 and Dow surge in best rally after midterm elections since 1982 (C)
Stock Markets Are Too Happy With the Election Outcome (W)
U.S. Oil Falls for 8th Day in a Row as Supplies Surge (W)
Bond Traders Are ‘Back to a Flattening Curve’ With Focus on Fed (B)

Central banks
Fed likely on steady course even as U.S. political landscape shifts (R)
Cramer: With midterms over, we could get ‘the rallies of all rallies’ if the Fed pauses rate hikes (C)

Job Openings Outnumbered the Unemployed by More Than One Million (W)
U.S. Consumer Credit Rose by Less Than Estimated in September (B)

France’s Macron Calls for Creating a ‘European Army’ (W)

Japan Leaves No Stone Unturned as It Prepares for Sales-Tax Blow (B)

China Has More Distressed Corporate Debt Than All of EM Combined (B)

Only Locals Are Buying Into Brazil’s Record-Breaking Rally (B)

US politics I
Good for Trump, Bad for Trump: How midterm results will help — and hurt — the president (C)
Trump Today: President blasts Republican candidates who lost in midterms and signals willingness to work with Democrats (MW)
Democrats ready to pursue aggressive Trump oversight: Pelosi (R)
Democrats to push for big infrastructure bill with ‘real money’ in 2019 (R)

US politics II
Jeff Sessions Pushed Out as Attorney General (W)
Trump’s new Acting Attorney General Matthew Whitaker will take over Mueller probe oversight (C)
Trump Vows ‘War-Like Posture’ If Democrats Investigate Him (B)
Mike Bloomberg and Tom Steyer become kingmakers for Democrats as both billionaires mull a 2020 run (C)
29-year-old Alexandria Ocasio-Cortez makes history as the youngest woman ever elected to Congress (C)

Geopolitics & trade
U.S.-China Trade Tensions on Display at Shanghai Expo (W)
Migrant Caravan Makes a Stop in Mexico City (W)

Industries & companies
FANGs: Facebook got through the midterms mostly unscathed, although it’s still got lots of work ahead (C)
FANGs: Google Plans Large New York City Expansion (W)
FANGs: Amazon HQ2 Plans Could Make Defense Hiring Even More Competitive (W)
Hotels: Wynn Resorts shares fall 12 percent as it misses earnings estimates (C)
Media: Comcast is developing a video-streaming box for broadband-only customers (C)
Pot: Marijuana stock Tilray up 30% after cannabis foe Jeff Sessions resigns under pressure (C)
Retail: Michael Kors Fumbles Sales Opportunity (W)
Tech: Samsung just announced a new smartphone that can fold in half (C)
Tech: Zillow sheds a quarter of its market value as rising interest rates weigh on home sales (C)

Your Tesla Can Go Zero to 60 in 2.5 Seconds But Can’t Get AM Radio (W)