wiar 03-20-19

Mary FanslauWhat I Am Reading

March 20 (Wednesday)

Markets
Dow snaps 4-day winning streak as Apple falls and trade worries flare up again (C)
Wall Street inches higher as Fed meeting convenes (R)
Passive investing automatically tracking indexes now controls nearly half the US stock market (C)
Buy Gold, Sell Stocks Is the ‘Trade of Century’ Says One Hedge Fund (B)
Think Stocks Are Hot? This Car Metal Keeps Hitting New Records (W)

Central banks
Fed Faces Crucial Decision on Mix of Treasurys in Its Portfolio (W)
What ‘Fed drift’ says about how the stock market behaves around policy meetings (MW)
Q&A: Federal Reserve likely to disappoint policy doves – Weeden strategist (R)

US
U.S. factory orders barely rise; shipments fall further (R)

US politics
Trump Budget Relies Partly on Potentially Phantom Revenues (W)
White House Seeks Ways to Get More People to Work (W)
Bernie Sanders hires Beto O’Rourke critic as top aide in 2020 race (R)
White House to Nominate Steve Dickson as Permanent FAA Head (W)
Campaign-Finance Violations Implicating Trump Discovered After Mueller Handed Off Probe (W)

Geopolitics & trade
U.S., China Plan New Trade Talks in Hopes for Deal by End of April (W)
Trump says trade talks with China going ‘very well’ (R)
Trade talks are in final stages, but there is still fear China may walk back concessions: Reports (C)
Trump Blockade of Huawei Fizzles in European 5G Rollout (B)
Trump forges bond with Brazil’s Bolsonaro in White House visit (R)

Industries & companies
FAANGs: Instagram Takes on Amazon With New Shopping Feature (W)
FAANGs: Facebook Axes Age, Gender and Other Targeting for Some Sensitive Ads (W)
FAANGs: Google Stadia Service Aims to Stream Games From Cloud (W)
Media: Former AOL Boss Getting More Than $60 Million as He Exits Verizon (W)
Media: Publishers Sue Peloton for Use of Songs From Drake, Lady Gaga (W)
Tech: Amazon, Microsoft Tighten Grip on Enterprise Tech (W)

Corporate finance
Here’s why Levi Strauss, the world’s biggest denim brand, is going public (C)
Bank Back-Office Workhorses Merge to Keep Up in Technology Race (W)

Cryptocurrency
Bitcoin Is in the Dumps, Spreading Gloom Over Crypto World (W)

Offbeat
More Detail and Plain English: Auditors’ Reports Get a Makeover (W)
California Has the Jobs but Not Enough Homes (W)