wiar 12-22-18

Mary FanslauWhat I Am Reading

December 22 (Saturday)

Markets I
Dow dives 400 points to end its worst week in 10 years (C)
Nasdaq confirms bear market; economic worries sink Wall Street (R)
Stocks enter final full week of the year on the brink of a bear market (C)
Energy is in worst month since 2011, and more pain could be ahead (C)

Markets II
White House advisor Peter Navarro says ‘China is trying to steal our future’ — Comments knock stocks (C)
Trump has lost his once golden touch with investors: ‘He’s just created so much uncertainty’ (C)
A government shutdown typically doesn’t hurt the stock market, history shows (C)
An economist put together a list of things investors should worry about for 2019 and it’s long (C)

Central banks
NY Fed President John Williams: The central bank is listening to the market, but believes the US economy is strong (C)
Williams Says the Fed’s Rate Hike Guidance Isn’t a Commitment (B)
Mohamed El-Erian: Fed chief Jerome Powell looks to break the market’s central bank ‘co-dependence’ (C)
Japan Finally Concedes Its Crazy Low Prices Can’t Be Beat (W)

US third-quarter economic growth revised down to 3.4% (C)
Inflation Fell Below Fed’s Target in November (W)
U.S. Durable Goods Orders Grew in November (W)
This is the message the yield curve is sending about the economy (MW)

US politics
380,000 federal employees could be furloughed in shutdown, and 420,000 would work without pay (MW)
Coming Soon to Iowa: Lots and Lots of Democratic Contenders (W)

Geopolitics & trade
White House adviser says deal with China difficult without deep policy changes (R)
U.S. and China Navigate Hacking Allegations Warily (W)
U.S. Grants Iraq Sanctions Relief in Bid to Boost Business Deals (W)

Corporate finance
Federal Judge Won’t Block CVS-Aetna Integration (W)

Failure of Anti-Drone Tests Exposes U.S. Airport Vulnerability (B)