wiar 11-20-18

Mary FanslauWhat I Am Reading

November 20 (Tuesday)

Dow plunges about 400 points as Apple, Amazon and Facebook fall (C)
Asia down as Wall Street knocked by tech sell-off, dollar sags (R)
Once popular tech stocks like Facebook and Apple are now getting crushed: Here’s what happened (C)
Cloud stocks get hammered, with Salesforce suffering worst day since early 2016 (C)
The sell-off can’t end until these 10 problems are fixed (C)

Central banks
Fed doesn’t seem in as much of a rush to raise interest rates as stocks plunge (C)
Markets think Fed chief Powell ‘blinked’ in Dallas (MW)
A key Fed official stays the course on U.S. rate hikes amid growing doubts (R)

American Factories Are Burning Through Inventories (W)
U.S. Home-Builder Sentiment Fell in November (W)
Fed Study of Labor Participation Finds U.S. at Full Employment (B)

Why Xi Leads a Chorus Backing China’s Private Sector (B)

US politics
16 Democrats say they will oppose Nancy Pelosi as the next House speaker (C)

Geopolitics & trade
China blames ‘excuses’ for protectionism for lack of APEC agreement (R)
The odds that the US and China don’t reach a trade deal just got higher (C)
US companies aren’t in a hurry to leave China despite the trade war, analysts say (C)
China Is Paying for Most of Trump’s Trade War, Research Says (B)
Mexico expects U.S. to begin lifting tariffs with trade deal signing: McClatchy (R)

Industries & companies
Autos: Tesla is turning to partners to help with a growing used-car business (C)
FANGs: Apple Cuts iPhone Production, Creating Turmoil for Suppliers (W)
Retail: Sears is just one of five retailers that have no room for error this holiday season (C)
Tech: A Silicon Valley Tech Leader Walks a High Wire Between the U.S. and China (W)

Self-Driving Cars Encounter Political Roadblocks (W)

Amazon stores every conversation you have with Alexa — here’s how to delete them (C)
Facial Recognition’s Growing Adoption Spurs Privacy Concerns (W)