wiar 11-21-18

Mary FanslauWhat I Am Reading

November 21 (Wednesday)

Markets I
Worst Day of an Awful Year Leaves No Corner of Market Unscathed (B)
Dow plunges more than 500 points, erases gain for 2018 (C)
Opinion: Santa Claus Rally is just another Christmas story (MW)
Wells Fargo’s Scott Wren dismisses risks: ‘You need to be stepping in here and buying some stocks’ (C)

Markets II
Asian stocks fall on the back of overnight plunge on Wall Street (C)
Goldman Sees Double-Digit Emerging-Market Stock Returns in 2019 (B)
If GE Debt Gets Junked, Markets Have Reason to Shudder (W)

Central banks
Federal Reserve Not Likely Swayed by Market Declines (W)
Trump says he would like to see the Federal Reserve lower interest rates (C)
Powell now has 8 reasons to pause the Fed’s rate hikes after December (C)
Mohamed El-Erian: US is ‘much more vulnerable’ to a policy mistake by the Fed (C)
Jeremy Siegel: Expect the Fed to ‘substantially’ slow down rate hikes in 2019 (C)

US
JP Morgan sees a slowdown coming, with economy growing at less than 2 percent in 2019 (C)

Geopolitics & trade
U.S. Accuses China of Continuing IP Theft Amid Trade War (B)
U.S. Manufacturers Push FTC to Crack Down on False ‘Made in America’ Labels (W)

Industries & companies
FANGs: Facebook’s ad platform is down at a horrible time for Black Friday retailers (C)
Retail: Retail stocks slide as CEOs fail to persuade skeptical investors that outlook is rosy (C)
Retail: Walmart, Target to grab more online sales this holiday, but it’s come at a cost (C)
Tech: Samsung’s Galaxy S Phone Is a 5G Monster With Six Cameras (W)

Corporate finance
Walgreens, Humana Weigh Taking Stakes in Each Other (W)
One of China’s Biggest Defaulters Has a $10 Billion Plan and It’s Scaring Investors (B)