wiar 12-08-18

Mary FanslauWhat I Am Reading

December 08 (Saturday)

Dow tumbles more than 500 points, wipes out gain for the year to cap wild week on Wall Street (C)
Trump is reportedly ‘glued’ to the stock market’s fluctuations and worried he’s causing them (C)
Stocks’ Worst Week Since March Leaves Fund Managers No Room for Error (B)
OPEC Cut Throws Wrench Into Record Oil Short-Selling Streak (B)

Central banks
Analysis: Jobs Report Keeps December Rate Increase on Track (W)
Fed’s Bullard becomes first on central bank to suggest delaying December rate hike (C)
Kudlow Says He Expects Fed Pause for ‘Quite Some Time’ After December Hike (B)
Opinion: Paradox for Powell: The Fed should pause — and it shouldn’t (MW)
Federal Reserve Officials Search for the Elusive ‘Neutral’ Interest Rate (B)

Job growth falls short of expectations in November: 155,000 payrolls created vs 198,000 estimate (C)
U.S. Hiring Slows, With Wage Gains, Jobless Rate Steady (W)

Eurozone Economy Grew More Slowly Than Previously Estimated (W)
Euro-Area Wage Growth Signals ECB’s Inflation Goal in Sight (B)
Trade Drags Euro-Area Economy as Rebound Remains in Question (B)

US politics
Trump Vows Response to Mueller Report (W)
‘Stop Calling John:’ Kelly Is Expected to Leave White House Post (W)
Trump Picks Ex-Bush Attorney General Barr to Succeed Sessions (B)
Federal prosecutors in New York call for ‘substantial term’ in prison for Michael Cohen (C)

Geopolitics & trade
U.S. Alleges Huawei CFO Hid Ties to Telecom With Iran Business (W)
China’s Huawei Raises New Security Concerns Among U.S. Allies (W)
Huawei CFO could face sentence of up to 30 years per charge if extradited to US (C)
Chinese Warn of Western ‘Iron Curtain’ After Huawei Arrest (W)
American Entrepreneurs Who Flocked to China Are Heading Home, Disillusioned (W)
U.S. Readies Charges Against Chinese Hackers (W)
U.S. Companies Feel Pinch as Tariff Costs Mount (W)

Industries & companies
FAANGs: Apple and Alphabet erase their gains for the year (C)
FAANGs: Alphabet cybersecurity group Chronicle is expanding to Spain with a growing team of virus hunters (C)

Corporate finance
Facebook increases stock buyback program by $9 billion (C)

2019 Forecast: Predictions Will Be Wrong, Random or Worse (B)
Are Millennials Different? (FRB)