wiar 09-12-19

MFwebsite2020researchWhat I Am Reading

September 12 (Thursday)

End of Era: Passive Equity Funds Surpass Active in Epic Shift (B)
JP Morgan’s market guru say his ‘once in a decade’ trade is upon us (C)

Central banks
Trump Says Fed Should Reduce Rates to ‘Zero, or Less’ (W)
The Fed Doesn’t Want Negative Interest Rates Even Though Trump Does (B)
Trump calls for subzero interest rates. That could backfire (NN)
Trump’s call for negative rates threatens savers (R)
Note to Trump: Negative rates have delivered few positive results (R)

The U.S. isn’t building enough houses — and that’s not changing anytime soon, economists say (MW)
U.S. producer prices rise; Fed rate cut still expected (R)

U.K. Parliament Suspension Is Ruled Unlawful by Scottish Court (W)
U.K. Government Outlines ‘Worst-Case Scenario’ for No-Deal Brexit (W)
U.K. Warns of Protests, Chaotic Border Scenes in No-Deal Brexit (B)

The Great Immigration Experiment: Can a Country Let People in Without Stirring Backlash? (W)

US politics
White House could consider capital gains tax plan Trump appeared to abandon (C)
Trump Sends Regards to Departed ‘Mr. Tough Guy’ Bolton (W)
Trump says Bolton a ‘disaster’ on North Korea, ‘out of line’ on Venezuela (R)
California Senate passes bill to tighten ‘gig’ worker rule (R)

Geopolitics & trade
China Detains Taiwanese Businessman (W)

Industries & companies
Autos: States hit electric vehicle owners with high fees, Consumer Reports says (C)
Industrials: Opinion: As Larry Culp tries to turn around GE, this is the next phase to watch (MW)
Pharma: Purdue Pharma Reaches Deal With Cities, 23 States Over Opioid Crisis (W)
Retail: Retail Bankruptcies Rise, Store Closures Jump in First Half of 2019 (W)

Corporate finance
SmileDirectClub prices IPO at $23 per share, valuing the company at $8.9 billion (C)
Hong Kong Stock Exchange Makes $36.6 Billion Offer for London Rival (W)
Biotech Firm Moves to Revive Hong Kong IPO Market (W)

Trump administration readies ban on flavored e-cigarettes amid outbreak of vaping-related deaths (C)
As Juul Moves Abroad, It’s Leaving Some of Its U.S. Restrictions Behind (W)
Ground Zero Ceremony Marks 18th Anniversary of 9/11 Attacks (W)