wiar 01-23-19

Mary FanslauWhat I Am Reading

January 23 (Wednesday)

Video Podcast: China Is Getting Less Bang Per Yuan
Daily Markets Overview

Stocks Tumble on Growth Worries (W)
Stock market bulls get a do-over after last year’s volatile ride (C)
Trump Loves the Stock Market. Sometimes It Loves Him Back. (N)
‘Fallen angels’ are posing the biggest threat to the bond market this year (C)

The unusually large drop in home sales has real estate agents baffled (C)
Home Sales Sank 6.4% in December (W)
BofA Says Don’t Believe the Hype on a Housing Collapse (B)

China’s Plan for Tech Dominance Is Advancing, Business Groups Say (W)
Tax cuts could be the ‘front line’ of China’s fight against slowing growth, experts say (C)

US politics
Trump moves forward with State of the Union plans despite Pelosi’s request to postpone it (C)
The Supreme Court just weakened Trump’s hand in government shutdown talks (C)
Trump’s border wall offer looks doomed in the Senate as 800,000 workers face another lost paycheck (C)
John Kerry: President Donald Trump should resign (C)
Alexandria Ocasio-Cortez could probe banks’ earnings (P)

Geopolitics & trade
Stocks Cut Losses as Kudlow Says No Canceled Talks (B)
US cancels trade planning meeting with China, source says (C)
U.S. Intelligence Warns That Russia and China Are Seizing on Global Turmoil (B)
iPhone Assembler Foxconn Weighs India Move (W)
How Huawei Wooed Europe With Sponsorships, Investments and Promises (N)

Industries & companies
Consumer: Johnson & Johnson Expects Sales Growth to Slow (W)
FAANGs: Apple’s 2020 iPhones will likely get upgraded displays after the XR disappoints (C)
Retail: Starbucks partners with Uber Eats to expand coffee delivery (P)

Corporate finance
Starboard, Elliott Management Call on eBay to Shed StubHub, Classifieds (W)