wiar 10-07-19

Mary FanslauWhat I Am Reading

October 07 (Monday)

Markets
Dow and S&P 500 will try to snap a 3-week slide as US-China trade talks kick off in the week ahead (C)
Whatever the Future Holds, Stocks Are Not Priced for a Recession (B)
100-Year Muni Bonds Might Just Be the Safest Yield Play (BR)
Chinese Stocks Lag Because Companies Neglect Shareholders (BR)

Central banks
There’s No Recession Coming. The Fed Will Make Sure of That. (BR)
Federal Reserve Interest Rate Cuts Alone Can’t Prevent a Recession (BR)
Fed’s George Sees No Need to Ease Unless Slowdown Deepens (B)

US
Dim Earnings Outlook Imperils Stocks (W)
Economy is hitting a ‘soft patch,’ but PNC expects market to reclaim record highs this quarter (C)
Even High-Income Millennials Fear They’ll Need to Work Forever (B)

China
China’s Riskiest Form of State Borrowing Enjoys a New Boom (W)

US politics
There’s now a second whistleblower in the Trump Ukraine case (C)
Wall Street’s Optimism Sinks as Warren’s Star Rises (BR)
Sanders Suffered Heart Attack This Week (W)
Doctors, Once GOP Stalwarts, Now More Likely to Be Democrats (W)

Geopolitics & trade
China is reportedly reluctant to agree to a broad US trade deal with talks set to restart (C)
Trump allies pressed Ukraine over gas firm (C)
US small businesses are fighting an uphill battle against counterfeiters in China: ‘It’s like whack-a-mole’ (C)
North Korea doubts U.S. will have alternative plans inside two weeks (R)
Iraqi police fire on protesters in new unrest, death toll passes 100 (R)

Industries & companies
Autos: UAW says GM labor talks ‘have taken a turn for the worse’ (C)
FAANGs: A new smaller, cheaper iPhone could boost sales in early 2020, top Apple analyst Kuo predicts (C)
Financials: Banks Expected to Get Break on Postcrisis Rules (W)
Financials: HSBC to Cut Up to 10,000 Jobs to Slash Costs, FT Reports (B)
Financials: ‘Free’ Trading Has Arrived. Be Sure to Read the Fine Print. (BR)
Pharma: Bayer says October U.S. glyphosate trial delayed until February (R)
Pharma: Sacklers Received as Much as $13 Billion in Profits From Purdue Pharma (W)

Corporate finance
Fear Overtakes Greed in IPO Market (W)
WeWork’s IPO Failed. Now It’s Time to Bet Against Pot Stocks. (BR)

Offbeat
Vaping’s Black Market Complicates Efforts to Combat Crises (W)