wiar 03-07-19

Mary FanslauWhat I Am Reading

March 07 (Thursday)

Markets
Trump said to have concluded his path to a second term runs through the stock market (MW)
Volcker 2.0 Is Said to Face Do-Over After Wall Street Wails (B)
Muni Bonds Enjoy Historic Run Despite Tax Overhaul (W)

Central banks
Federal Reserve scraps ‘qualitative’ test for U.S. banks in 2019 stress tests (R)

US
U.S. Posts Record Annual Trade Deficit (W)
U.S. Private Sector Adds 183,000 Jobs in February (W)
Tariffs, government shutdown weigh on still-growing economy: Fed (R)
More new-home sales are for houses that haven’t even been started yet. That’s not a good thing. (MW)
CEOs tell Trump they are hiring more Americans without college degrees (R)

Europe
Silicon Valley Hit With New Digital Tax in France (W)

US politics
Democrats bar Fox News from moderating debates after reported Trump ties (R)

Geopolitics & trade
As Trump wages trade war, U.S. goods deficit hits record high in 2018 (R)
U.S.-China Trade Deal Expected to Give Limited Boost to Growth (W)

Industries & companies
FAANGs: Amazon to close all of its pop-up stores in the U.S. (C)
FAANGs: Apple to add 1,200 employees in San Diego (C)
FAANGs: Facebook’s Zuckerberg has vision for a ‘privacy-focused’ internet (C)
FAANGs: Some advertisers are quitting Facebook after privacy scandals (C)
Financials: Deutsche Bank Is Said to Be Making Deep Cuts to 2018 Bonuses (B)
Health Care: Amazon-JPMorgan-Berkshire Health-Care Venture to Be Called Haven (B)

Corporate finance
This $1.3 trillion asset manager wants to end buybacks and quarterly earnings (C)
Uber Partner Picks Up $1.5 Billion From SoftBank (W)

Technology
40% of A.I. start-ups in Europe not related to A.I.: MMC report (C)