wiar 12-05-18

Mary FanslauWhat I Am Reading

December 05 (Wednesday)

Markets
Stock-Market Vigilantes Show Trump Who’s Boss (B)
Dow plunges more than 700 points on fears of slowing economic growth, banks lead the decline (C)
Bank stocks fall the most in more than a year, enter bear market (C)
The same bond market move happening now occurred before the last three recessions (C)

Central banks
As markets turn, Fed says it is not fazed (R)
Powell Didn’t Say His View of Neutral Rates Had Changed (W)
Investors Are Starting to Price in Rate Cuts in 2020 (B)

US
The Economic Forecast for 2019: Less Growth and More Uncertainty (W)
3 charts suggest ‘bubble trouble’ in housing with a tech meltdown ‘yet to come’ (MW)
Millennials spend less than previous generations because they literally have less money, Fed says (C)

Geopolitics & trade
‘An Incredible Deal:’ Making Sense of Trump’s Overblown Take on the China Trade War Truce (Fortune)
‘I am a Tariff Man’: Trump threatens to restart trade war if China talks fail (C)
Jamie Dimon doesn’t expect permanent China-US trade deal in just 90 days (C)
Disengaging economically from China (Washington Times)
Trump’s Policies Bring Not Just Energy Independence, But Energy Dominance (IBD)

Industries & companies
Autos: German Carmakers Head to Washington, Hoping to Dodge Tariffs by Offering Jobs (N)
Autos: Foreign carmakers take on US sedan market as Detroit’s Big Three shift to SUVs (C)
Energy: Big Fracking Profits at $50 a Barrel? Don’t Bet on It (W)
FAANGs: Apple needs a winner besides the iPhone, and it’s got three possibilities in the pipeline, HSBC says (C)
FAANGs: UPS, FedEx shares near bear market as Morgan Stanley sees rising competition from ‘Amazon Air’ (C)
Retail: Kroger to Sell Groceries in Walgreens Stores (W)

Cybersecurity
Data Breach at Q&A Site Quora Affects 100 Million (W)