wiar 01-16-19

Mary FanslauWhat I Am Reading

January 16 (Wednesday)

YRI
YRI Video Podcast: Bull-Bear Ratio Is Bearish, Which Is Bullish!
Daily Markets Overview

Markets
Tech Shares Lead U.S. Stocks Higher (W)
Don’t get too excited by earnings beats – the bar is set very low (C)
Surging oil output will push US towards energy independence in 2020, Dept of Energy says (C)
Shares of Italian Banks Fall as ECB Urges Bad-Loans Protection (W)

Central banks
The Fed’s Esther George indicates it’s time for a pause from rate hikes (C)
Fed’s Robert Kaplan Urges Rate-Hike Patience for ‘Months, Not Weeks’ (B)
Draghi Says Eurozone Economy Weaker Than Expected (W)

US
Weak U.S. producer prices support tame inflation picture (R)

Europe
Theresa May lost big on her Brexit deal vote — here’s what could happen now (C)
Brexit bedlam: May’s deal defeated by 230 votes (R)

Geopolitics & trade
China Is a Dangerous Rival, and America Should Treat It Like One (N)
Stung by Daughter’s Arrest, Huawei CEO Breaks Silence, Denies Spying (W)

Industries & companies
FAANGs: Apple reportedly replaced about 10 times more iPhone batteries than it expected to (C)
FAANGs: Apple just announced $129 battery pack cases for its new iPhones (C)
FAANGs: Great things are expected for (most) FAANG stocks in 2019 (MW)
FAANGs: Netflix Raises Prices on All of Its Subscription Plans (W)
FAANGs: This may be an even bigger issue for Netflix than the $2-a-month price hike (MW)
Financials: Big Banks Find Sweet Spot (W)
Financials: Wells Fargo Reports Revenue Drop, Extended Ban on Asset Growth (B)
Financials: JPMorgan Debt-Trading Revenue Plunges to Lowest Since Crisis (B)
Utilities: PG&E misses interest payment; bonds, shares dive (R)

Offbeat
Hackers broke into an SEC database and made millions from inside information, says DOJ (C)