wiar 03-28-19

Mary FanslauWhat I Am Reading

March 28 (Thursday)

Markets
Ten-Year Yield Drops Below 2.4%, Hitting Fresh Lows (W)
The bond market has been spooked and so the big interest rate slide is likely not over (C)
Why a ‘very ugly reporting season’ for small-caps is bad news for stock-market bulls (MW)
More Than a Third of China Is Now Invested in One Giant Mutual Fund (W)

US
Tax Changes Hit Overseas Profits of U.S. Companies (W)
US companies bring home $665 billion in overseas cash last year, falling short of Trump pledge (C)
Still More Signs of a Housing Slowdown (BR)

Central banks
He’s No ‘Sycophant’ for Trump, Expected Fed Nominee Says (N)
Moore’s call for half-point rate cut sets him apart from would-be Fed colleagues (MW)
Fed Officials Push Back on Market’s Rate-Cut Belief (W)
ECB’s Draghi Hints at Drawbacks of Negative Rates (W)

Europe
May Vows To Resign To Get Brexit Deal Through Parliament (W)
China to Reduce the Juice for Electric-Car Sales (W)
Trump says he can produce a better healthcare plan than Obamacare (R)

Geopolitics & trade
Trump Says Google CEO Told Him He’s Committed to U.S. Military, ‘Not Chinese’ (W)
U.S. Orders Chinese Company to Sell Grindr App (W)
U.S. starts anti-dumping probe of wooden cabinets imported from China (R)

Industries & companies
Aerospace: How Boeing’s 737 MAX Failed (W)
Aerospace: DOT Secretary Says Making Safety Systems Optional on Boeing Jet ‘Troubling’ (W)
Airlines: Southwest Flags Bullish Outlook Despite 737 MAX Groundings (W)
Media: Streaming Explosion Creates Dilemma: Too Many Choices (W)
Financials: Equifax, FICO Team Up to Sell Consumer Data to Banks (W)

Corporate finance
Saudi Aramco to Buy 70% Stake in State Petrochemicals Firm Sabic (W)
$15.3 Billion Merger Creates Big Provider of Government Plans (W)
Lyft to Price Shares Above Targeted Range of $62 to $68 in IPO (W)
Mattress Startup Casper Joins the Unicorn Club With Latest Funding (B)