wiar 01-17-19

Mary FanslauWhat I Am Reading

January 17 (Thursday)

YRI
Video Podcast. Analysts Lower the Bar for Earnings Season
Video Podcast. Bull-Bear Ratio Is Bearish, Which Is Bullish
Daily Markets Overview

Markets
Dow gains more than 100 points as Goldman posts best day in 10 years (C)
Upbeat bank earnings send Wall Street to one-month highs (R)
Stocks rally on average 30 percent when this happens in DC (C)
BlackRock’s Assets Fall Sharply (W)
Dollar-Hungry Chinese Borrowers Flock to Junk Bond Market (W)

US
U.S. labor market tightens, wages grow moderately: Fed Beige Book (R)
Fed’s Beige Book Shows Concerns Mounting Among U.S. Businesses (W)
Student loan debt is keeping young people from buying homes, Fed study finds (C)
After a Strong 2018 for Retail Sales, Caution Flags Pop Up (W)

Europe
May wins confidence vote, seeks end to Brexit standoff (R)

China
Will China’s Economy Hit a Great Wall? (N)

US politics
Nancy Pelosi to Trump: Reschedule State of the Union or just submit it in writing (C)
Homeland Security chief Nielsen: We can protect Trump’s State of the Union despite Pelosi claim (C)

Geopolitics & trade
China goes all out to boost its economy during trade talks, while the effect of U.S. stimulus fades (C)
US pursuing criminal charges against Huawei for alleged theft of trade secrets: WSJ (C)
Europe Restricts Steel Imports to Counter U.S. Trade Policies (W)
Trump ‘inclined’ to impose new U.S. auto tariffs: senator (R)

Industries & companies
Autos: Ford Warns on Earnings (W)
FAANGs: Apple is reportedly planning to cut back on hiring as iPhone sales weaken (C)
FAANGs: Apple’s Guidance on Its Services Revenue Left Analysts With More Questions (W)
FAANGs: Amazon is on a hiring spree in India, even as new restrictions on foreign sellers loom (C)
FAANGs: ‘They Own the System’: Amazon Rewrites the Rules for Publishing (W)
Financials: Bankers Shine, Traders Stumble as Goldman Profit Jumps (W)
Retail: Nordstrom says sales at some stores ‘below expectations’ this holiday season (C)

Corporate finance
Fiserv to Acquire First Data in $22 Billion All-Stock Deal (W)
Tribune Publishing Recently Tried to Rekindle Merger Talks With Gannett (W)

Offbeat
John Bogle, Vanguard founder and low-cost investing pioneer, dies at 89 (R)