wiar 09-14-19

Mary FanslauWhat I Am Reading

September 14 (Saturday)

Markets
Dow notches 8-day winning streak, nears record on growing optimism around US-China trade (C)
‘The most important chart in the world’ offers a warning sign for stocks (C)
Treasuries Dive, Sending 10-Year Yield to Highest in Six Weeks (B)
Surge in Treasury Yields Reflects Easing Economic Worries (W)
Falling Yields Unleash Flood of Muni ‘Century Bonds’ (W)

Central banks
With rate cut likely, market wonders how low Fed will go (R)
Kudlow Faults Negative Interest Rates, Contradicting Trump (B)
ECB Dispute Goes Public as Governors Spar Over Draghi’s QE Move (B)
As Draghi Gets Ready to Exit, His Legacy Remains Contested (W)

US
Solid U.S. retail sales calm some worries about economy (R)
This was the worst week for mortgage rates in 3 years – and it may be just the beginning (C)

US politics
Tax Cut 2.0 Looks Different to Trump Than to GOP Lawmakers (B)
Kamala Harris’ debate performance fails to sway big-money donors (C)

Geopolitics & trade
China to Exempt U.S. Soybeans, Pork From Punitive Tariffs (W)
Trump, Awaiting Egypt’s Sisi at Summit, Called Out for ‘My Favorite Dictator’ (W)

Industries & companies
FAANGs: Disney CEO Bob Iger resigns from Apple board (C)
Pharma: FDA Finds Probable Carcinogen in Some Versions of Zantac (W)
Tech: Gig Economy in Crosshairs After Freewheeling Growth (W)

Corporate finance
AT&T Activist Showdown Raises Question: How Much Fat Can Be Cut? (B)
J. Crew Planning a Public Offering of Madewell Denim Brand (B)
As Peloton prepares IPO, music publishers seek to double lawsuit to $300 million (R)
SoftBank to Buy at Least $750 Million of WeWork Parent Shares in IPO (W)
Cloudflare Jumps 20% in Market Debut (W)
MoviePass to Halt as Parent Explores Possible Sale (W)

Offbeat
New York Uncovers $1 Billion in Sackler Family Wire Transfers (B)
First peanut allergy therapy gets backing from U.S. regulators’ expert advisers (R)