wiar 01-04-19

Mary FanslauWhat I Am Reading

January 4 (Friday)

Markets
Dow tumbles more than 600 points on Apple plunge, rising fears of an economic slowdown (C)
Market Earnings Angst Goes Beyond Apple (B)
What the stock market forgot about Trump: The fiscal boost was temporary, but the chaos was permanent (MW)
Trump Took Credit for Stock Market Records. Does He Deserve Blame for the Plunge? (B)
What the market turmoil means for 2019 (B)
The woman who predicted the 2018 stock-market volatility blowup now warns of ‘bubbliciouness’ in loans (MW)

Central banks
Forget Fed Hikes, Traders Are Now Fully Pricing a Cut by April 2020 (B)
Fed’s Kaplan Says It’s Time to Hold Off on Interest-Rate Rises (W)
Jerome Powell Pledged Allegiance to Data and Some of It Looks Grim (B)

US
U.S. Factory Activity Decelerates Sharply Amid Global Slowdown (W)
Mortgage applications plummet nearly 10% to end 2018, despite lower rates (C)
Wall Street’s Big Landlords Are So Hungry for Houses They’re Building Them (W)
Car Sales Keep Pace in 2018, Defying Predictions of a Downturn (W)
Don’t Be Fooled: The U.S. Auto Sales Party Is Coming to an End (B)

China
Chinese Consumers Curb Spending, Likely Deepening Slowdown (W)
Chinese Consumers’ Confidence Sags, Casting a Pall Over the Global Economy (N)
China Lands Probe on the ‘Dark Side’ of the Moon (W)

US politics
On Day 1 in power, House Democrats challenge Trump on shutdown (R)
Shutdown Talks Are Still Hung Up on Border Wall (W)
Democrats Take a Big Step Toward Protecting the Markets from Trump (B)

Geopolitics & trade
China warnings signal Trump’s trade war finally hitting home (R)
Apple’s woes show US and China are taking hits in trade war — and that could push them to make deal (C)

Industries & companies
Airlines: Delta Cuts Revenue Forecast, Sparking Airline Selloff (W)
FAANGs: Apple just lost a Facebook: Market value decline since peak exceeds value of nearly any US company (C)
FAANGs: Apple Priced Itself Out of Shrinking Chinese Smartphone Market (B)
FAANGs: Facebook Begins New Year in Fixer-Upper Mode (W)
FAANGs: Cyber researcher pulls public talk on hacking Apple’s Face ID (R)
FAANGs: New Netflix CFO to Tackle Cash Flow Conundrum (W)

Corporate finance
Bristol-Myers Squibb’s $74 billion acquisition of Celgene would combine two troubled companies (C)