What I Am Reading

April 22 (Monday) Markets FANG Stocks in Sharp Rebound (W) Homebuilders Slide After March Sales Miss, D.R. Horton Downgrade (B) It’s the busiest week of earnings and these are the 3 stocks to watch, say two experts (C) Oil Hits Six-Month High as U.S. Ends Waivers on Iran Oil Imports (W) Central banks Fed Officials Contemplate Thresholds for Rate Cuts (W) US U.S. Existing-Home Sales Declined in March (W) Recently Hot Housing Markets Now See Biggest Sales Declines (B) American millennials think they will be rich (E) Emerging Perpetual Motion: Chinese State Companies Fine-Tune Their Financial Engineering (W) India Struggles to Employ an Exploding Population (W) US politics Elizabeth Warren wants to use her wealth tax to wipe out Americans’ college debt and pay for tuition (C) Trump-Appointed Official Promises Full Push to Overhaul Plumbing of Mortgage Market (W) Rep. Seth Moulton of Massachusetts Enters 2020 Democratic Presidential Race (W) Trump sues to block subpoena from House Democrats seeking information on his finances (C) Geopolitics & trade Trump aims to drive Iran’s oil exports to zero by ending sanctions waivers (C) Trade Deal Alone Won’t Fix Strained U.S.-China Business Relations (W) Consumers Bore Cost for Tariffs on Washing Machines (W) Industries & companies Consumer: After brutal year, Kraft Heinz taps AB InBev’s Miguel Patricio to replace CEO Bernardo Hees (C) FAANGs: Apple will release a 5G iPhone in 2020 with chips from Qualcomm and Samsung, top analyst says (C) Health Care: Health Insurers’ Stocks Have Been Battered. Now They Look Like a Buy. (BR) Retail: Online Grocery Upheaval Hits America’s Biggest Chain (W) Retail: Bed Bath & Beyond Overhauls Board Amid Activist Pressure (W) Tech: Samsung’s Galaxy Fold Smartphone Release Delayed (W) Tech: Spotify’s Stock Is Risky Business (BR) Corporate finance Tech’s new stars have it all—except a path to high profits (E) Offbeat Sri Lanka Points to Islamist Militants in Easter Attacks (W) Can’t Afford Surgery? In China, Millions Chip In Half a Penny to Cover You (W)

April 20 (Saturday) Markets Earnings and data could be proof that slowdown fears were overblown (C) Inverted Yield Curve Is Waning as a Recession Gauge, BofA Says (B) US U.S. Home Building, Permits Fell Last Month (W) Need New Workers? Start With the Ones You Already Have (W) US politics Elizabeth Warren calls for start of impeachment proceedings against Trump (C) Trump Lashes Out Over Mueller Report; Democrats Take Aim (W) Trump’s Post-Mueller Euphoria Gives Way to Anger and Recrimination (B) Biden hires over a dozen senior advisors from Obama administration for 2020 campaign: Sources (C) Biden Preparing for Possible 2020 Announcement Next Week, Sources Say (B) A top progressive pundit says mainstream Democrats are worried about Bernie Sanders winning the White House in 2020 (C) Geopolitics & trade Debate Grows Over Likely Effects of Trump’s North American Trade Deal (W) North Korea Seeks to Nudge, Not Pique, the U.S. (W) Industries & companies FAANGs: Lawmakers call for Zuckerberg to be held accountable for Facebook’s privacy fumbles (C) Financials: Venmo’s Latest Effort to Turn a Profit: Credit Cards (W) Pharma: Teva Gets Approval to Sell Generic Nasal Spray for Opioid Overdoses (W) Tech: Samsung Galaxy Fold Non-Review: We Are Not Your Beta Testers (W) Tech: Samsung’s $2,000 folding phone gave me a brief but tantalizing glimpse of the future — before it broke (C) Corporate finance Business Tech IPOs Outshine Their Consumer Counterparts (W) Uber Clinches $1 Billion Investment in Self-Driving-Car Unit (W) Technology The Future of Wearable Tech Is Called a Hearing Aid (B)

April 19 (Friday) Markets One Profit Puzzle Is Weighing on Stock Investors (B) Why the health-care stock selloff may actually be a good thing (MW) These six stocks have ‘upside’ potential due to recent developments, analysts say (C) Central banks Fed’s Kaplan Says U.S. Growth Isn’t Likely to Change His Stance on Rates (W) US Best Retail Sales Since 2017 Brighten U.S. Growth Outlook (B) We Knew Millennials Were Drowning in Debt. Now We Have Ugly Details. (MW) Opinion: Even 75% of Americans in the best 401(k) plans won’t have enough to retire (MW) Immigrants Propel Population Growth in 10% of U.S. Counties (W) U.S. launches four-state study to find ways to reduce opioid overdose deaths (R) US politics Mueller Finds Meddling but No Conspiracy, Leaves Question of Obstruction Unresolved (W) Here’s why special counsel Robert Mueller did not say whether Trump obstructed justice (C) In unflattering detail, Mueller report reveals Trump actions to impede inquiry (R) Donald Trump on Mueller’s appointment (C) Mueller referred evidence of 14 other potential crimes to federal officials. Only two of them are publicly known (C) Geopolitics & trade New North American trade deal modestly boosts U.S. economy, trade panel finds (R) U.S.-Canada Rift Widens Over Training for Boeing 737 MAX Pilots (W) Industries & companies Consumer: Emerging Markets Boost Sales at Unilever and Nestlé (W) FAANGs: Amazon’s E-Commerce Adventure in China Proved Too Much of a Jungle (W) FAANGs: Amazon, Google Strike Deal to Return YouTube Apps to Amazon Devices (W) FAANGs: Amazon Launches Free Music Streaming to Juice Alexa-Device Sales (B) FAANGs: Facebook now says ‘millions’ of Instagram passwords were exposed internally (MW) Financials: American Express Card-Holders Lift Spending (W) Tech: Samsung’s Folding Phones Break for Reviewers (W) Wireless: Sprint to Regulators: Business Is Worse Than Portrayed (W) Corporate finance Zoom is worth billions more than Pinterest as both go public — even though it’s half the size (C) Zoom rocketed 72% on first day of trading (C) Offbeat Decades of Neglect Threatened Notre Dame, Well Before It Burned (W) logy: Qualcomm’s Bet on 5G Pays Off (W) Technology: IBM’s Shares Slide as Growth Challenges Remain (W) Corporate finance Zoom prices IPO at $36 per share, valuing videoconferencing company at $9.2 billion: Source (C) Pinterest Targets $19 a Share in IPO, Bankers Tell Investors (W) Offbeat Dozens of Medical Professionals Charged With Illegally Prescribing Opioids (W)

April 18 (Thursday) Markets Stocks Edge Lower, Pulled Down by Health-Care Shares (W) Stocks Near Records, but Investors Still Skittish (W) It’s Steel Stocks’ Turn as Chinese Stimulus Lifts Demand (B) Central banks Fed’s Beige Book Sees Slight-to-Moderate Growth (W) Powell Adopts an Inflation Stance Yellen Shunned (B) Opinion: The Fed knows how to hit its inflation target — it just refuses to do so (MW) Herman Cain Says He Won’t Withdraw From Consideration for Fed Board (W) US Alan Greenspan: Can the U.S. Economy Stay on Top? (Wharton) Mortgage Investors Keep a Wary Eye on Surging Home Purchases (B) US politics Rising Democratic star Pete Buttigieg enlists Barack Obama and Hillary Clinton fundraisers to build his 2020 campaign war chest (C) Attorney General William Barr will hold a press conference to discuss Mueller report at 9:30 am ET Thursday (C) Geopolitics & trade U.S., China Aim for Early-May Announcement on Trade Deal (B) Shrinking U.S. Trade Gap, China Growth Bode Well for Global Economy (W) Donald Trump, China Savior? Some Chinese Say Yes (N) North Korea says it tested a ‘powerful warhead’ (C) Industries & companies FAANGs: Cramer: Netflix’s content will be enough to hang with Disney, streaming competitors (C) Financials: JP Morgan and Bank of America posted record profits, but investors worry it’s downhill from here (C) Technology: Qualcomm’s Bet on 5G Pays Off (W) Technology: IBM’s Shares Slide as Growth Challenges Remain (W) Corporate finance Zoom prices IPO at $36 per share, valuing videoconferencing company at $9.2 billion: Source (C) Pinterest Targets $19 a Share in IPO, Bankers Tell Investors (W) Offbeat Dozens of Medical Professionals Charged With Illegally Prescribing Opioids (W)

April 17 (Wednesday) Markets Stocks Finish Slightly Higher (W) Global investors haven’t been this worried about the economy since 2016 (C) A Bearish Warning Sign Is Flashing for the Dollar (B) Central banks The White House is interviewing other potential Fed candidates beyond Herman Cain and Stephen Moore, Larry Kudlow says (C) US What Retail Recovery? Malls Under Pressure as Stores Close (W) U.S. Manufacturing Hits Soft Patch Tied to Global Slowdown (W) US politics One reason lawmakers are hesitant to fix Social Security: the millennials (MW) Geopolitics & trade Larry Kudlow Says ‘Very Good Progress’ Being Made in China Talks (B) Trump Gets Trade Setback With WTO Ruling That May Foil U.S. Strategy (B) Industries & companies Airlines: FAA panel says Boeing 737 Max software is ‘operationally suitable’ in new report (C) Consumer: Johnson & Johnson Raises Full-Year Guidance (W) FAANGs: Qualcomm stock surges on Apple legal settlement (C) FAANGs: Netflix drops on earnings report (C) FAANGs: Netflix looks like Amazon in its early years ahead of its earnings, market watcher says (C) Financials: Consumer Business Boosts Bank of America’s Profit (W) Health Care: UnitedHealth Boosts Profit Targets After Upbeat First Quarter (W) Health Care: Biggest U.S. Health Insurer Wades Right Into ‘Medicare for All’ Fight (B) Technology: IBM stock slips after revenue shortfall (C) Wireless: Nokia, the 1990s Cellphone Pioneer, Wants to Topple Huawei (W) Corporate finance T-Mobile, Sprint Deal Runs Into Resistance From DOJ Antitrust Staff (W) AT&T Sells Hulu Stake, Valuing Video Service at $15 Billion (W) Offbeat Notre Dame will be rebuilt within the next five years, French President Emmanuel Macron says (C) Venture Capital Is Putting Its Money Into Astrology (N)

April 16 (Tuesday) Markets U.S. Stocks Slip on Mixed Earnings (W) Central banks Fed’s Evans: Rate Rises Still Possible If Economy Meets Expectations (W) BOJ Must Couple Easing With Unwinding Vision, Ex-Official Says (B) US politics I Sanders releases 10 years of tax returns showing income bump from campaign book (C) Trump’s Campaign Machine Has Two-Year Head Start (W) Former Massachusetts governor William Weld will run against Trump for 2020 Republican presidential nomination (C) US politics II Trump Gave Most Americans a Tax Cut and They Didn’t Notice (B) Mueller Report Is Likely to Be Released on Thursday, DOJ Says (B) Trump Officials Stress Urgency In Fannie, Freddie Revamp (W) Geopolitics & trade India Cuts Trade Deficit With China by $10 Billion, Sources Say (B) China Investigates Ericsson Over Licensing as 5G Competition Heats Up (W) Industries & companies Airlines: American Airlines Devising Extra Simulator Training for Boeing 737 Cockpit Crews (W) Financials: Quiet Quarter on Wall Street Hurts Goldman’s Results (W) Financials: Citigroup’s Profit Lifted by Consumer Banking (W) Media: Disney+ is the service Apple wants (C) Media: ‘Game of Thrones’ grows more successful as series nears end, putting HBO in tricky spot (C) Corporate finance AT&T sells Hulu stake, valuing the video streaming company at $15 billion (C) With Disney in Control, Hulu Buys Out AT&T for $1.4 Billion (B) Deutsche Bank Could Lose $1.7 Billion in Revenue If Deal Happens (B) Apple and Qualcomm’s Billion-Dollar Staredown (W) Offbeat Paris’ Notre Dame ‘saved from total destruction,’ French fire official says, after blaze ravages cathedral (C) How to Win Friends and Influence Algorithms (W)

April 15 (Monday) Markets Global Stock Rally Defies Dimming Economic Outlook (W) Central banks What You Need to Be on the Fed…and It Isn’t a Ph.D. (W) The independence of central banks is under threat from politics (E) US Why the middle class is shrinking (MW) Europe At the IMF, Germany Comes Under Pressure to Stimulate Growth (W) US politics Liberalism Is Under Siege. Conservatives Can Save It. (B) Pete Buttigieg officially launches 2020 presidential campaign (C) Geopolitics & trade Rip-Roaring Chinese Exports Less Than They Appear (W) Huawei is ‘open’ to selling 5G chips to Apple for iPhones, marking a big shift in strategy (C) Industries & companies Airlines: American Airlines cancels all 737 Max flights through August 19 (C) Financials: J.P Morgan is soaring on earnings, and its rivals won’t be able to catch up, says expert (C) Health Care: CVS Wants to Fix Health Care. It’s Time to Buy the Stock. (BR) Media: Disney’s Streaming Goals Draw Cheers on Wall Street (BR) Corporate finance Publicis announces $4.4 billion deal to acquire data marketing company Epsilon (C) Contract Drug Manufacturer Catalent to Buy Paragon Bioservices in $1.2 Billion Deal (W) After Chevron’s Big Deal, Oil Stocks Are Rising on Hopes for More Mergers (BR) Pinterest Is Going Public. Here’s What You Need to Know. (BR) Offbeat Decline in Human Empathy Creates Global Risks in the ‘Age of Anger’

April 13 (Saturday) Markets U.S. Stocks Close Higher as Bank Earnings Provide Lift (W) Cash Out, or Go All In: When Stocks Are Up 16% and It’s Only April (B) Individual investors finally turn bullish, as stock market nears all-time highs (MW) Some optimistic corporate outlooks in the week ahead could lift the stock market to a record (C) Stocks Rise as Bank Earnings Kick Off (W) Global IMF Warns Policymakers to ‘Do No Harm’ as World Economy Wobbles (B) Central banks The End of Fed Debt Unwind Is Set. So Treasury’s Looking at What’s Next (B) Interview Transcripts Tell Story of Fed Over Past 50 Years (W) US U.S. Consumer Sentiment Drops as Tax-Cut Boost Fades (W) U.S. Retail Stores’ Planned Closings Already Exceed 2018 Total (N) Alan Greenspan says economy will start to fade ‘very dramatically’ because of entitlement burden (C) Europe As Brexit Deadline Slips, Nigel Farage Launches New Anti-EU Party (W) Emerging China Trade Data Raise Red Flags on Economic Recovery (W) China Chops Price ‘Belt and Road’ Project in Malaysia (W) US politics President Trump announces new 5G initiatives: It’s a race ‘America must win’ (C) Industries & companies Airlines: Costs for Boeing Start to Pile Up as 737 Max Remains Grounded (N) Autos: Tesla Halts Online Sales of $35,000 Version of Model 3 (W) Financials: JPMorgan Posts Record Profit, but Interest Rates Cloud Outlook (W) Media: Disney shares are surging but some analysts are not sold on the streaming service (C) Media: Disney Prices New Streaming Service at $6.99 a Month (W) Media: At Disney, Bob Iger’s Successor Will Inherit His Big Streaming Bet (W) Utilities: PG&E Caps Best Day Since Going Bankrupt as California Offers Help (B) Corporate finance Global Competition Takes Toll on Uber’s Growth Ahead of IPO (W) Why oil giant Chevron is buying Anadarko Petroleum for $33 billion (C) Chevron to Buy Anadarko Petroleum in $33 Billion Cash-and-Stock Deal (W) Bristol-Myers Shareholders Approve $74 Billion Deal For Celgene (W) Offbeat Here’s Where Active Management Actually Works (II)

April 12 (Friday) Markets U.S. Stocks Inch Lower Ahead of Quarterly Earnings (W) Analysts believe the stock market will set a record soon and these names are going to lead the way (C) The Long Bull Market Has Failed to Fix Public Pensions (W) U.S. Natural-Gas Market Is Taking Cues From China (W) Central banks Fed Vice Chair Clarida sees no need for a move either way on interest rates (C) Economists See Fed On Hold at Least Through 2021 (W) Fourth GOP senator opposes Trump Fed pick Herman Cain, effectively ending his path to confirmation (C) Former Fed Chief Yellen Offers a Warning to Trump’s Latest Central Bank Picks (W) US Former SEC lawyer sounds alarm on ‘the greatest retirement crisis’ in history (MW) US politics Elizabeth Warren Proposes New Corporate Tax (W) Europe Brexit Hard-Liners Reassess: Maybe We Overplayed Our Hand (W) May Hints at Customs Compromise With Labour: Brexit Update (B) Geopolitics & trade China Sweetens Its Cloud Offer in U.S. Trade Talks (W) Industries & companies Aerospace: Boeing Has Called 737 Max 8 ‘Not Suitable’ for Certain Airports (B) eCommerce: Jeff Bezos snubbed eBay in his annual shareholder letter, sending the stock sliding (C) Financials: Shadow banking is now a $52 trillion industry, posing a big risk to the financial system (C) Financials: Frustrated by the Tech Industry, Small Banks Start to Rebel (W) Health Care: What ‘Medicare for All’ would do to the health-care sector (MW) Media: Cord-Cutters’ Savings Shrink as Online TV Services Raise Prices (W) Corporate finance Bidder for Disney’s Sports Networks Accuses Charter of Undermining Sale Process (W) Technology Who Comes to the Rescue of Stranded Robots? Humans (W) Offbeat OMB Proposes Slashing Waiting Period for Comments on Economic Reports (W) Black Hole Excitement Sparks Speculation in China’s Stock Market (B) Israeli spacecraft Beresheet falls short of history as moon landing fails in final moments (C)

April 11 (Thursday) YRI The Bull Market in Stocks Has Room to Run, Ed Yardeni Says (BR) Daily Markets Overview Markets U.S. Stocks End Day Higher as Investors Weigh Inflation, Fed Minutes (W) Central banks I Fed Minutes: Little Need Seen to Change Interest Rates This Year (W) Fed Signals a Year of Patience Is Ahead With a Grab Bag of Growth Risks (B) Fed Officials Can’t Agree How Big U.S. Bank Reserves Should Be (B) Herman Cain’s Fed board bid is in danger as three GOP senators plan to vote against Trump’s pick (C) Vice President Mike Pence backs Trump’s call to lower interest rates, citing low consumer inflation (C) Central banks II Japan’s 2% Price Goal Is Now Only Symbolic, Ex-BOJ Official Says (B) Kuroda Foe Says Japan Will Prove Modern Monetary Theory a Mistake (B) ECB Officials Are Said to Agree Growth Slowdown Hasn’t Worsened (B) US U.S. Inflation Stayed Tame in March (W) From Coke to Macy’s, Pay for Typical Worker Takes Big Swings (W) Europe EU leaders offer to delay Brexit until the end of October (C) China China’s Property Market Is Feeling the Stimulus Effect (B) US politics Mnuchin Says Treasury Won’t Meet Deadline for Trump Tax Returns (W) Geopolitics & trade Treasury Secretary Mnuchin says US and China have agreed on the trade deal enforcement mechanism (C) Industries & companies Airlines: JetBlue plans to start flights to London in 2021, taking on entrenched rivals (C) Airlines: Delta to Add Capacity Amid Improvement on Overseas Routes (W) Financials: Big-Bank Chiefs, Democrats Spar at House Hearing (W) Media: Disney’s Next Big Remake: Itself (W) Retail: Bed Bath & Beyond Reports First Annual Sales Decline (W) Corporate finance Uber Aims for IPO Value of $100 Billion, Below Expectations (W) Technology Unicorns Bet Big on Amazon’s Cloud (W) Amazon Workers Are Listening to What You Tell Alexa (B)