wiar 03-06-19

Mary FanslauWhat I Am Reading

March 06 (Wednesday)

China and a potential earnings recession are the top 2 obstacles for investors here, says Ed Yardeni (C)
Daily Markets Overview

Dow transports on the brink of longest losing streak in about 10 years (MW)
U.S. Stocks Inch Lower as Investors Await Trade Signals (W)
Trump Might Not Like It, but Dollar Should Be Strong (W)
Wall Street to Tamp Down on Default Insurance Bets (W)

Central banks
Fed Official Watching Corporate Debt Levels for Potential Trouble (W)
For Fed, few reasons to end ‘patient’ stance on rates (R)

U.S. Services Sector Expanded in February (W)
U.S. New Home Sales Rose in December (W)
Some Key Ideas Behind MMT, the Theory Everyone’s Talking About (B)

Beijing Drops ‘Made in China 2025’ Slogan, but Policy Remains (W)
Venezuela Overwhelmed by Hyperinflation (W)

US Politics
Mike Bloomberg says Green New Deal ‘stands no chance’ in Senate, offers alternative plan (C)
Michael Bloomberg will not run for president in 2020 (C)
Business groups go on lobbying offense against financial transaction tax proposed by Alexandria Ocasio-Cortez and other Democrats (C)
New York authorities subpoena Trump Organization’s insurer as part of big probe into business practices (C)

Geopolitics & trade
Illuminating the Risks of Trump’s China Trade War (N)
Cramer: Why Trump could decide to walk away from a trade deal with China (C)
US will look at ramping up North Korea sanctions if it doesn’t denuclearize, Bolton says (C)
North Korea rebuilds part of missile site it promised Trump to dismantle (R)

Industries & companies
Energy: Chevron, Exxon Tighten Their Grip on Fracking (W)
Financials: The American With the Toughest Job in Finance: Saving Deutsche Bank (W)
Pharma: FDA approves Johnson & Johnson’s ketamine-like nasal spray for depression (C)
Retail: Amazon, Long Seen as a Threat to Malls, Is Now a Hot Tenant (W)
Tech: Salesforce Raises Its Full-Year Sales Outlook as Profit Rises (W)
Wireless: Huawei ban won’t make the US fall behind in 5G technology, experts say (C)

Corporate finance
Has Kraft Heinz Made $24 Billion Since Merger or $6 Billion? It Depends (W)

Chinese Hackers Target Universities in Pursuit of Maritime Military Secrets (W)

Bill Gates: ‘For the first time in my life, people are saying, Okay, should you have billionaires?’ (C)
Suits and ties now optional at Goldman Sachs (R)