wiar 08-13-19

Mary FanslauWhat I Am Reading

August 13 (Tuesday)

Markets
Stocks and Bonds Are Talking Past Each Other (W)
Dow drops 390 points and slips back below 26,000 as bond yields decline (C)
U.S. Long-Bond Yield Nears All-Time Low as Global Anxiety Grows (B)
Bond market close to sending biggest recession signal yet (C)
A trading issue impacted US stock quotes late in the day as Dow flatlined into the close (C)

Central banks
Wall Street sees even more Fed rate cuts ahead with Morgan Stanley predicting a return to zero (C)
Fed Considers New Tool for a Downturn (W)
China’s central bank says it’s close to releasing its own digital currency (C)

US
U.S. budget deficit widens; spending up on health, military (R)

Europe
Trump adviser Bolton: U.S. would enthusiastically support a UK choice for no-deal Brexit (R)

Emerging
Chinese Financial Institutions’ Lending Dives (W)
India Never Sold Foreign Debt. Its First Attempt is Failing (B)
Macri vows to win second term after Argentine peso crashes on primary results (R)

US politics
Trump’s Primary Advantage: No Real Competition (W)
U.S. to Deny Green Cards to Legal Immigrants Who Use Public Aid (W)

Geopolitics & trade
10% Tariffs Were Manageable. At 25%, Businesses Are Squirming. (W)
When Trump Tweets, the Editor of ‘China’s Fox News’ Hits Back (N)
Cramer: Hong Kong protests ‘more serious’ than US-China trade war for global markets (C)
Hong Kong’s airport says it will implement flight rescheduling on Tuesday (C)
South Korea Retaliates Against Japan in Trade and Diplomatic Rift (N)
Trump Confirms Missile Exploded During Testing in Russia (W)
We’re here to deter Iran, not go to war: US military commanders in the Gulf (C)

Industries & companies
Autos: GM, Volkswagen Say Goodbye to Hybrid Vehicles (W)
FAANGs: Reliance-Microsoft cloud tie-up poses threat to Amazon, Google in India (R)
Financials: Bank Stocks Are Having a Rough August (W)
Health Care: DNA Data Shared in Ways Patients May Find Surprising (W)
Logistics: UPS Bets on Amazon, Despite Risk (W)
Pharma: Two Experimental Ebola Drugs Reduce Mortality Rate, According to Preliminary Data (W)
Restaurants: Yum Taps Company Veteran as Next CEO (W)
Restaurants: Yum’s Incoming CEO Eyes Acquisitions, Strategic Investments (B)

Offbeat
U.S. attorney general cites ‘irregularities’ at jail where Epstein died (R)