wiar 03-02-19

Mary FanslauWhat I Am Reading

March 02 (Saturday)

Markets
Global shares rise on trade optimism, tame inflation (R)
Stocks rise, pushing the S&P 500 to close above key 2,800 level for the first time since November (C)
A Lot of Earnings Are Underpinning Nasdaq’s Hottest Run Since 2012 (B)
China’s Stock Market Isn’t Quite The Bargain It Seems (W)
The World’s Hottest Stock Market About to See $46 Billion Pour In (B)
Biggest LBO Financing of 2019 Shows Junk Bonds Regaining Fervor (B)

Central banks
Quantitative easing was the father of millennial socialism
An MMT response on what causes inflation (FT)
Bostic: Markets may doubt Fed’s inflation commitment (R)

US
Inside the Hottest Job Market in Half a Century (W)
Personal Income Cooled in January (W)
Inflation Fell Below Fed Target in 2018 (W)

Europe
Europe Manufacturing Shrinks as Factory Woes Extend Across Asia (B)

US politics
Medicare for All Loses Momentum Among Democrats (W)
Maryland’s Governor Larry Hogan is ‘concerned about the Republican Party,’ won’t rule out a primary challenge to Trump in 2020 (C)
Amazon Friction Rises in Virginia While Cuomo Woos Bezos to Return to Queens (B)

Geopolitics & trade
Third time’s a charm? Trump and Kim could meet again as experts divided on whether Vietnam summit was ‘total failure’ (MW)
U.S. companies adapt to ‘endless’ China tariffs (R)
Canada allows US extradition of Huawei CFO to proceed (C)
Punishing OPEC would be a huge mistake for the US (NN)

Industries & companies
Autos: Tesla stock tanks a day after announcement on store closures, layoffs and first-quarter loss (C)
Autos: Tesla Faces Record $920 Million Payment for Convertible Bond (W)
Media: YouTube CEO does damage control after advertisers flee over pedophilia scandal (C)
Retail: Grocery store stocks take a beating on report that Amazon will launch its own chain of supermarkets (C)

Corporate finance
Lyft has more employees than did Facebook, Google or Dropbox when they were prepping to go public (C)
Lyft’s financials show a $911 million loss ahead of its IPO (C)
Matchmaker Seeks Drug Company: Must Have Pipeline, $85 Billion (B)

Technology
Cybersecurity companies look to artificial intelligence as they struggle to find human workers (MW)
Daimler, BMW Team Up on Self-Driving Car Technology (W)
SpaceX Prepares Capsule for Humans (W)

Offbeat
Meet the ‘O.G.’ Uber and Lyft drivers who could cash in on the IPOs (MW)