wiar 02-13-19

Mary FanslauWhat I Am Reading

February 13 (Wednesday)

Markets
Dow rallies more than 350 points on tentative deal to avoid government shutdown, trade hopes (C)
Stocks Surge on U.S.-China Trade Hopes (W)
Investors Are Too Busy Buying the Dip to Read Hope’s Fine Print (B)
Latest Warning Sign for Markets: A Possible ‘Earnings Recession’ (N)
Passive Funds Overtake Stock-Pickers in U.S. Large-Cap Market (B)

Central banks
Fed Chief Says U.S. Economic Expansion Has Been Uneven (W)
Fed to finalize plans to end balance sheet runoff ‘at coming meetings’: Mester (R)

US
Job Openings Push Further into Record Territory at End of 2018 (W)
Faster Broadband, More Channels Set to Weigh Down U.S. Inflation (B)
Red flags emerge as Americans’ debt load hits another record (R)
A record number of Americans are 90 days behind on their car payments (C)
Auto Borrowing Rises as New Mortgage Loans Sag, New York Fed Says (W)
Big Steel, a Tariff Winner, Steps Up Its Spending in Washington (W)

Emerging
More India Rate Cuts Could Be in Store as Core Inflation Eases (B)

US politics
Trump ‘not happy’ with border security deal to avoid government shutdown (C)
Republican leaders are breaking with Trump on border wall (C)
McConnell to force Senate to vote on Ocasio-Cortez’s Green New Deal (C)
GOP Launches Attacks on Democrats Over ‘Green New Deal’ (W)
Bill Gates: Tax plans like Ocasio-Cortez’s are ‘extreme’ and ‘missing the picture’ (MW)

Geopolitics & trade
Trump says he could let China trade deal deadline slip, ‘not inclined to’ (R)
China, U.S. Seek Broad Outline of a Trade Pact This Week (W)
China Talks With Venezuela Opposition to Protect Investments (W)
In Germany, a Cold War Deal to Host U.S. Nuclear Weapons Is Now in Question (W)

Industries & companies
Autos: Amazon, General Motors are in talks to invest in Tesla rival Rivian: Reuters, citing sources (C)
Autos: France Pushed Nissan for a Renault Merger but Was Rebuffed (W)
FAANGs: Apple Loses Ground to Huawei as China Shipments Slump 20% (W)
FAANGs: Google Cloud Chief’s Plan to Catch Amazon and Microsoft: Sales Reps (W)
Retail: Amazon Slashed Prices at Whole Foods. Now They’re Climbing Back Up. (W)

Corporate finance
One Outcome of Fewer Buybacks? A Record of Leveraged Buyouts (B)

Technology
Amazon wants to control your entire house after Eero acquisition (MW)
Pentagon Drafts Artificial Intelligence to Fight Wildfires (W)

Offbeat
Mexican drug lord ‘El Chapo’ found guilty in US trial over drug-trafficking charges (C)
West Coast real estate is now so expensive that married couples are moving in with multiple roommates (MW)