wiar 11-15-18

Mary FanslauWhat I Am Reading

November 15 (Thursday)

Markets
U.S. Stocks Lose Gains Amid Growth Worries, Tech Declines (W)
Citigroup Says Pain in Small-Cap Stocks Is Just Getting Started (B)
Natural-gas prices just booked the largest daily percentage gain in 14 years, up 18% (MW)
Emerging Markets Coming Back in Favor (W)
Global Economic Slowdown Deepens (W)

Central banks
Powell credits Fed policy for the US economy being ‘in a good place’ (C)
Powell says he’s optimistic about economy as he notes concerns from abroad (MW)
Powell Sees Potential Headwinds to Growth as Fed Weighs Policy (B)
Fed’s Powell says press conference at every meeting means all sessions are ‘live’ (R)

US
Inflation Jumps, but Is Likely to Slow (W)
Is Social Security ballooning the federal deficit? (USA)

Geopolitics & trade
Exclusive: China sends written response to U.S. trade reform demands – U.S. government sources (R)
White House curtails Trump trade advisor Navarro’s public role as Kudlow rips him for China comments (C)
Cisco CEO ‘optimistic that we’ll get some resolution’ on US-China trade dispute (C)
Europe ready to retaliate if U.S. imposes auto tariffs: EU trade chief (R)
Global Companies in U.S. See Auto Tariffs as Biggest Threat: Survey (W)
China appears to relax North Korea sanctions: report to U.S. Congress (R)

Industries & companies
FANGs: Morale at Facebook is reportedly in the dumps (C)
FANGs: Social-Media Must Confront Downsides of Scale, Instagram Co-Founder Says (W)
FANGs: Another Apple Supplier Just Cut Its Forecast (B)
Financials: Berkshire Hathaway reveals stake in JP Morgan as Warren Buffett raises bet on the US banking system (C)
Retail: Macy’s Reports Strong Sales Growth, Raises Guidance (W)

Corporate finance
Uber Posts Slower Sales Gains, Widening Loss Ahead of 2019 IPO (W)
Dell Sweetens Key Deal Terms in Path Back to Public Markets (W)
Any PG&E Bankruptcy Would Pit Bonds Against Burnt Out Homes (B)

Offbeat
Michael Avenatti arrested in Los Angeles on suspicion of domestic violence (R)