wiar 11-16-18

Mary FanslauWhat I Am Reading

November 16 (Friday)

S&P 500 snaps 5-day losing streak as shares of Apple, JP Morgan gain (C)
‘Duped,’ ‘tricked’ and ‘snookered’: Oil analysts say Trump fooled Saudis into tanking crude prices (C)

Central banks
Fed plans review of how it pursues inflation, employment goals (R) | Statement
Elizabeth Warren says the Fed is making the same mistakes as before the crisis: ‘Deeply worrisome’ (C)

U.S. retail sales rebound, but consumer spending slowing (R)
Imports Surge at U.S. Ports as Companies Brace for New Tariffs (W)
Millions of U.S. Gig Workers May Be Misclassified as Jobless (B)

US politics
Trump Tax Cut to Be Eroded by Inflation Switch (W)

Geopolitics & trade
USTR Lighthizer denies he said China tariffs on hold (R)
China offer unlikely to spur major trade war breakthrough, senior US official says (C)
Automaker groups warn U.S. tariffs will undermine new NAFTA deal (R)
Who Are the U.S.’s Largest Trade Partners? (FRB-SL)

Industries & companies
Autos: Tesla to deliver new Model 3 orders by year end (R)
FANGs: Apple enters multiyear agreement with Oscar-winning production company to make original movies (C)
FANGs: Jeff Bezos to employees: ‘One day, Amazon will fail’ but our job is to delay it as long as possible (C)
Retail: Nordstrom plunges after earnings miss (C)
Tech: A tech turnaround may hinge on this beaten-up group of stocks — and it’s not FANG (C)
Tech: Nvidia jumps into its earnings report — here’s how to trade the chips now (C)
Retail: Walmart Posts Strong Sales Gains Ahead of Holidays (W)

Corporate finance
Market Punishes PG&E on Speculation About Downgrade and Default (B)

The Long Road Ahead for Autonomous Vehicles (W)

Pentagon fails its first-ever audit: official (R)