wiar 12-04-18

Mary FanslauWhat I Am Reading

December 04 (Tuesday)

Markets
Dow rises 300 points after Trump and Xi agree to pause the US-China trade war (C)
Citi: 90% probability market is higher at this time next year (C)
The Flattening Yield Curve Just Produced Its First Inversion (B)

Central banks
Fed’s Quarles: Fed watching data but will not react to ‘every wavering’ (C)
A Review of the Fed’s Unconventional Monetary Policy (FRB-SF)

US
December is usually the slowest month for home sales, but that might not be the case this year (C)

US politics
U.S. to end subsidies for electric cars, renewables: White House (R)

Geopolitics & trade
U.S. expects immediate action from China on trade (R)
Trump’s trade talks with China are back on — but it’s not clear who will lead them (C)
Trump and Xi’s Truce Risks Extending, Not Ending Trade War (B)
Major Wall Street economists have their doubts trade cease-fire will lead to actual deal in 90 days (C)
Kudlow says progress in US-China trade will happen ‘very quickly’ (C)
Trump, citing ‘crazy’ defense spending, seeks talks with Xi and Putin about halting the arms race (C)

Industries & companies
Airlines: United launches new ‘premium economy’ class between coach and business for long flights (C)
Autos: Morgan Stanley Predicts Ford to Cut 25,000 Jobs in Overhaul (B)
Communications: JP Morgan upgrades AT&T and downgrades its better-performing rival Verizon (C)
Communications: 5G smartphones are coming in 2019. What does that mean? (NN)
FAANGs: AirPods are Apple’s ‘most popular accessory ever,’ shipments will skyrocket next year, analyst says (C)
Retail: Ikea is downsizing and moving into Manhattan with its first ‘city center’ store in 2019 (C)

Corporate finance
Campbell launches sale of Bolthouse Farms business (C)

Offbeat
Wednesday’s U.S. Economy Data Delayed, Powell Hearing Canceled (B)
Elon Musk pulls 80- to 90-hour work weeks — here’s how that impacts the body and the mind (C)