wiar 01-25-19

Mary FanslauWhat I Am Reading

January 25 (Friday)

Markets
Stock market faces hurdles after Intel earnings miss sours chip rally (C)
Stocks Waver Again as Chipmakers Jump and Drug Companies Dip (N)
China Counters Selloff by Cutting Markets Some Slack (W)

Central banks
ECB Worries Over Economy Mount, But Officials Stand Pat on Rates (W)
Mario Draghi Is Watching His ECB Rate Hike Slip Over the Horizon (B)

US
U.S. government shutdown may yield a recession: Scaramucci (R)
Labor Market Powers On Despite Growth Concerns (W)

China
A Key Driver of Home Sales in China Just Hit the Brakes (B)

US politics
White House demands ‘large down payment on the wall’ as Senate tries to reach shutdown deal (C)
Shutdown continues: Senate blocks bills to fund government amid fight over Trump border wall (C)
Trump postponement is latest twist in changeable State of the Union (R)
Elizabeth Warren to propose new ‘wealth tax’ as 2020 race heats up (C)
Commerce Secretary Wilbur Ross Says Federal Workers Should Take Loans During Shutdown (N)

Geopolitics & trade
Ross Says Trade Deal to Hinge on China Accepting Deeper Reforms (B)
U.S. Treasury’s Mnuchin sees China trade progress, currency talks (R)
The U.S.-China Cold War Will Get Worse Before It Gets Better (B)
Global economy in real danger if U.S.-China trade war escalates: Reuters poll (R)
Huawei Struggles to Counter Claims It Can Spy for China (W)

Industries & companies
Airlines: Airlines Warn Shutdown Strains Are Worsening (W)
Consumer: World’s Biggest Brands to Test Refillable Containers (W)
FAANGs: Amazon’s Pitch to Shippers: Fewer Fees Than FedEx, UPS (W)
Financials: Big banks expected to testify before House Financial Services Committee in March (C)
Restaurants: Starbucks shares jump on stronger-than-expected sales (C)
Restaurants: Starbucks Is Basically a China Stock Now (B)
Tech: Intel misses on revenue and gives weak guidance — stock falls after hours (C)
Utilities: PG&E spikes 75% after California investigators absolve utility of 2017 fire (C)

Technology
Apple just dismissed more than 200 employees from its autonomous vehicle group (C)
Over 30 million U.S. workers will lose their jobs because of AI (MW)