wiar 09-13-19

Mary FanslauWhat I Am Reading

September 13 (Friday)

Markets
Opinion: 3 powerful reasons the stock market is heading even higher (MW)
How rock-bottom bond yields spread from Japan to the rest of the world (E)
Mnuchin Says U.S. Looking Closely at Issuing 50-Year Bond (W)

Central banks
European Central Bank Moves to Spur Eurozone Economy (W)
ECB Cuts Rates, Revives QE to Lift Growth as Draghi Era Ends (B)
Draghi Faced Unprecedented ECB Revolt Over QE (B)
Yellen Expects Fed to ‘Do More’ to Keep U.S. Economy on Track (B)

US
U.S. Deficit Tops $1 Trillion for First Time in Seven Years (W)
Need Cash? Lenders Use New Metrics for Making Loans (W)
Medicaid’s Dark Secret (The Atlantic)

Europe
Boris Johnson Denies Lying to Queen Over Suspension: Brexit Update (B)

Emerging
Will the IMF Finally Learn From Argentina?

US politics
House Panel Approves Procedures for Trump Impeachment Probe (W)

Geopolitics & trade
Exclusive: Ahead of trade talks, China makes biggest U.S. soybean purchases since June – traders (R)
China Seeks to Narrow U.S. Talks to Break Deadlock (W)
Mexico pushes back after top U.S. court favors Trump on shunning migrants (R)

Industries & companies
Energy: Low-cost fracking offers boon to oil producers, headaches for suppliers (R)
FAANGs: France Hardens Position Against Facebook’s Libra Currency (W)
Retail: Old Navy Plans to Open 800 More Stores (W)

Corporate finance
Yahoo Japan Takes on Amazon, Rakuten With $3.7 Billion Deal (W)
SmileDirectClub Sinks From IPO in a First Since ’08 Crisis (B)

Offbeat
Enormous black hole in Milky Way galaxy appears to be hungry (P)