wiar 01-08-19

Mary FanslauWhat I Am Reading

January 8 (Tuesday)

Markets
Signs Point to Strong January for Stocks (W)

Central banks
Fed’s Bostic sees one U.S. interest rate hike this year (R)

US
U.S. Service-Sector Growth Slowed in December (W)
How Estimates of the Gig Economy Went Wrong (W)
More Americans think it’s a bad time to buy a home (C)
Falling Mortgage Rates Raise Hopes for Housing Market (W)

China
WSJ Investigation: China Offered to Bail Out Troubled Malaysian Fund in Return for Deals (W)

US politics
Biden in 2020? Allies Say He Sees Himself as Democrats’ Best Hope (N)
White House promises tax refunds will go out, but there’s hardly anyone at the IRS to do the work (C)

Geopolitics & trade I
U.S. Pushes China to Follow Through on Trade Promises (W)
Xi’s Top Trade Official Unexpectedly Attended China-U.S. Talks (B)
U.S., China can reach trade deal ‘we can live with’: U.S. Commerce secretary (R)
Commerce Secretary Wilbur Ross: US tariffs pressure China’s ability to create jobs to stave off social unrest (C)
Commerce Secretary Ross denies Apple’s revenue warning is tied to China (C)

Geopolitics & trade II
Trump is winning the game of economic chicken right now with China, but that could soon change (C)
Chinese tech investors flee Silicon Valley as Trump tightens scrutiny (R)
Elon Musk’s China Factory—Now a Field—Is Aiming for Its First Tesla This Year (W)
North Korea leader visits China after warning of alternate path to U.S. talks (R)

Industries & companies
Consumer: PG&E Shares Slump as Bankruptcy Fears Grow (W)
FAANGs: Apple hasn’t been this unloved by Wall Street since 2005 (C)
FAANGs: Three big factors behind Apple’s major sales slump and dire warning about China (C)
FAANGs: The Best iPhone Apple Can’t Sell (W)
FAANGs: How Amazon became the world’s most valuable public company (C)
FAANGs: Here’s why Amazon would buy an obscure Israeli company that specializes in disaster recovery (C)
FAANGs: Amazon will soon offer to deliver packages to your garage so they don’t get stolen (C)
Restaurants: How Starbucks went from a single coffee bean store to an $80 billion business (C)
Tech: Samsung Electronics flags first profit drop in two years on weak chip demand (R)

Corporate finance
Eli Lilly to Buy Loxo Oncology in $8 Billion Deal (W)
SoftBank Scraps $16 Billion Plan to Buy Most of WeWork (W)

Offbeat
‘Bohemian Rhapsody’ takes upset win at Netflix-dominated Golden Globes (R)
Former Fed Chair Alan Greenspan thinks the Ocasio-Cortez 70% tax plan is ‘a terrible idea’ (C)