wiar 02-28-19

Mary FanslauWhat I Am Reading

February 28 (Thursday)

Yardeni says earnings slowdown won’t destroy bull market
Daily Markets Overview

A ‘shock and awe’ rally scenario that could rip the market 7% higher (C)
Fourth quarter growth expected to fall back to slower trend, hit by trade (C)
Tech stocks take a beating after hours on disappointing earnings reports (C)

Central banks
Powell Says Fed Close to Finalizing Portfolio-Runoff Plan (W)
Opinion: Powell preaches patience, but these economists predict recession (MW)

U.S. goods trade deficit deteriorates; factory orders edge up (R)
U.S. Pending Home Sales Rose 4.6% in January (W)

Europe’s Slowing Economy Puts Businesses on the Back Foot (W)

‘There’s No Money Right Now’: China’s Building Boom Hits a Great Wall of Debt (W)

US politics
Cohen assails Trump, gives no direct collusion evidence (R)
Cohen brings Trump’s net worth statements to hearing. Here’s how to read them (C)

Geopolitics & trade
USTR to suspend China tariff hike ‘until further notice’ (R)
U.S. trade chief sees long-term China challenges, continued tariff threat (R)
Trump’s Trade Czar Urges Patience on China Deal President Craves (B)
Trump Meets Kim at High-Stakes Summit (W)

Industries & companies
Airlines: Southwest Airlines finally gets FAA approval to fly to Hawaii (C)
Consumer: Weight Watchers calls on Oprah to help sell wellness after abrupt name change to WW left people confused (C)
Consumer: Campbell Shows Signs of Turnaround (W)
FAANGs: Apple to lay off 190 in self-driving car division (R)
Retail: Best Buy’s Profit, Sales Rise (W)
Tech: Square falls after reporting slower growth and weak Q1 earnings guidance (C)

Limiting Your Digital Footprints in a Surveillance State (N)
Holiday Inn — A ‘Stay Smart’ retirement plan that’s as unrealistic as it is hilarious (MW)