What I Am Reading

November 06 (Tuesday) Markets Dow rises nearly 200 points as Berkshire Hathaway jumps, but Apple drags down Nasdaq (C) This is what’s happened to stocks after every midterm election since World War II (MW) Trump’s trade war with China matters more to the market than the elections and it’s not going well (C) Record Number of Markets Now in the Red in Worst Year Since 1901 (B) Central banks Haruhiko Kuroda: Japan’s economy and monetary policy (BIS) Minutes of the Monetary Policy Meeting on September 18 and 19, 2018 (BOJ) US Companies Face the Tariff Squeeze (W) Service-Sector Activity Cools Slightly in October (W) Europe Theresa May to Set Out Brexit Options to Her Divided Team, Sources Say (B) China ‘Mounting downward pressure’: Chinese companies are doing it tough as new orders dry up (BI) Alibaba and the Slowing Chinese Economy (W) Jack Ma Says the Trade War Is the ‘Most Stupid Thing’ (B) US politics Midterms Speed Read: All You Need to Know About Tuesday’s Vote (B) Moore: Five midterm races that matter most (Washington Times) Fox News, NBC and Facebook Pull Trump-Backed Anti-Migrant Ad (B) How Far Have the Democrats Moved to the Left? (The Atlantic) Trump says his administration is ‘looking at’ whether Amazon, Facebook and Google are violating antitrust laws (BI) Geopolitics & trade FT Op-Ed: Renewed sanctions will push Iran towards a better nuclear deal (Treasury) U.S. Issues Eight Waivers on Iran Oil Sanctions (W) Trump says China wants to make a deal on trade, he wants right deal (R) Xi’s Swipes at Trump Show China Standing Its Ground in Trade War (B) Trophy Infrastructure, Troublesome Debt: China Makes Inroads in Europe (W) Industries & companies Autos: How Tesla Made a Record Profit (W) FANGs: As Amazon HQ2 talk grows, Crystal City expects rising property prices, heavy traffic and lots of jobs (C) FANGs: Amazon will reportedly split HQ2 between two cities (C) Industrials: GE dismisses talk that it may owe billions of dollars in taxes (R) Corporate finance Warren Buffett sends ‘strong signal’ to market with Berkshire Hathaway’s $1 billion buyback (C) Offbeat Last Flights of Crashed Indonesia Jet Had Airspeed-Indicator Problem (W)

November 05 (Monday) Markets Why U.S.-China trade talks are the biggest catalyst for the stock market (MW) Reversals in the Stock Market Are Landing With Record Force (B) What the bear market in home construction stocks tells us (MW) Credit Bond Traders Prepare for Week Full of Risk by Dumping Treasuries (B) Municipal Bond Funds Are on Sale. Buyers Should Be Cautious. (BR) Central banks Fed Will Likely Raise Rates After Strong Jobs Report (W) Fed was afraid of negative interest rates: ex vice chair Fischer (R) Europe How the Fight Over Italy’s Budget Could Have Been Avoided (BR) China China’s boulevard to nowhere: The battle for influence in APEC’s Pacific host (R) China to Tighten Rules on Five Financial Giants (W) US politics Trump says he’s focused on Senate as potential loss of House looms (MW) Democrats hold 7 point advantage ahead of midterm election as Trump base ‘comes home’: NBC-WSJ poll (C) Geopolitics & trade How a New Arms Race Could Boost Defense Stocks (BR) Industries & companies FANGs: Apple is a ‘buy buy buy’ right now, and other FAANG stocks are bargains, too (MW) Energy: Marathon Petroleum Looks Like a Long-Run Winner (BR) Technology With Red Hat, IBM Makes a Big Cloud Promise. The Reality Is Far More Hazy. (BR) Offbeat Buffett Shows His Appetite for Buying Stocks, Including His Own (B)

November 03 (Saturday) Markets Global markets are surging after reports Trump is ready to back down in his trade war with China (BI) Apple Shares Pull Down U.S. Stocks (W) Investors Have Plenty to Worry About as Market Clouds Gather (B) Sometimes, It’s Bonds, not Stocks, for the Long Run (W) Central banks Prime-Age Participation Is Picking Up, Creating Puzzle for Fed (B) US U.S. Goods Imports Hit New Record (W) U.S. Manufacturing Forges Own Path Amid Global Slowdown (B) Hiring Accelerates as Wages Strengthen (W) Over 35% of workers making over $100,000 say they would quit a job without a new one (C) Grappling with an acute labor shortage, the construction industry is being forced to get creative (C) Europe Many Expect Disruption After Merkel. German History Says Otherwise. (W) China ‘Made in China 2025’: world’s biggest auto market wants to be the most powerful maker of electric cars (SCMP) China’s aviation industry has a steep climb to ‘Made in China 2025’ goals (SCMP) ‘Made in China 2025’: How 5G could put China in charge of the wireless backbone and ahead of the pack (SCMP) US politics What could happen to markets if Republicans win big or lose big on Tuesday (C) What a Democratic House Would Mean for Your Taxes (W) Everything You Need to Know About the New Tax Law (W) Geopolitics & trade Trump Says He Thinks U.S. Will Reach Trade Deal With China (B) Why Are People Fleeing Central America? A New Breed of Gangs Is Taking Over (W) Industries & companies Energy: Exxon, Chevron Profits Soar as Big Oil Returns to Dominance (W) FANGs: The iPhone has reached its peak, and now it’s time to change how you think about Apple (C) Retail: Five Below, the Amazon-Proof Store (W) Technology Slightly heavier than a toothpick, the first wireless insect-size robot takes flight (C) Your Smartphone’s Location Data Is Worth Big Money to Wall Street (W) Offbeat Kudlow Jokes He Asked Trump Not to Tweet Job Data Prematurely (B) HBO criticizes Trump tweet using ‘Game of Thrones’ imagery and slogan (C)

November 02 (Friday) Markets Strong Earnings Bolster Stocks (W) Dow set to take big hit if Apple’s 7% stock drop holds (MW) Wells Fargo: A double-digit market rally is coming (C) JP Morgan’s chart analyst says if S&P 500 stays above this level, the market comeback is for real (C) The Global Debt Boom Looks Like It’s On Borrowed Time (W) US Worker-Productivity Gains Coming Up Short in Stronger Economy (W) Home flippers are fleeing the market as their profits shrink (C) Geopolitics & trade Trump, Xi upbeat on U.S.-China trade; U.S. targets more Chinese firms (R) U.S. Accuses Chinese Firm, Partner of Stealing Trade Secrets (W) Trump says he’s ordered ‘massive cities of tents’ as asylum plan being finalized (MW) Industries & companies FANGs: Apple tumbles 7% after earnings on light guidance (C) Consumer: Kraft Heinz’s Profit Suffers as Costs Rise (W) Media: AT&T’s WarnerMedia accuses DOJ with ‘collaborating’ with Dish in HBO dispute (R) Media: CBS Profit, Revenue Beat Expectations (W) Restaurants: Starbucks tops record revenue as coffee drinkers spend more in cafes, shares soar (C) Corporate finance Evan Spiegel vows Snap will still be an independent company in five years (C) Walmart Files Lawsuit Against Credit-Card Issuer Synchrony Financial (W) Offbeat An increasing number of public colleges are unaffordable for low-income students (MW)

November 01 (Thursday) Markets Stocks Rally to Two-Week High on Technology Surge (B) Why Thursday will be the make-or-break day for the stock market (MW) The stock market lost more than $2 trillion in October. Here’s what happened (C) Equity and Quant Hedge Funds Hit Hardest by Stock Market Rout (B) Stock market faces more potential turbulence in November as G-20 summit, elections loom (C) Credit & currencies Corporate Debt Is Heading for Worst Month Since February’s Sell-Off (B) U.S Debt Sales Top Crisis-Era Levels as Fiscal Bump Spurs Growth (B) Three Reasons Why the Yuan Won’t Breach 7 Per U.S. Dollar (B) US Wages and salaries jump by 3.1%, highest level in a decade (C) U.S. Companies Add More Workers Than Forecast, ADP Data Show (B) That Big Mac and Coke Now Comes With a Side Order of Inflation (W) The future of work won’t be about college degrees, it will be about job skills (C) The problem with housing is prices have recovered but demand hasn’t: Real estate mogul Sam Zell (C) US politics Nancy Pelosi is confident the Democrats will gain 30 seats and flip the House (C) Trump rips Paul Ryan over birthright citizenship comments, with days to go before midterms (C) What Trump’s proposed birthright citizenship order could do to the children of immigrants (MW) Money is pouring into Florida at the last minute as Trump and Obama battle to sway midterm voters (C) White House Says Companies Pledge to Create More Job-Training Opportunities (W) Geopolitics & trade Trump advisor Larry Kudlow: ‘Nothing is set in stone right now’ on new China tariffs (C) Some Foreign-Owned Firms Got a Pass on Steel Tariffs, and Elizabeth Warren Is Asking Why (W) The America-Free TPP Is a Done Deal (W) Industries & companies Consumer: Kellogg on pace for worst trading day in 20 years company as slashes 2018 outlook (C) FANGs: Here’s what every major Wall Street analyst is saying about Facebook’s ‘impressive’ earnings report (C) FANGs: Facebook separates Workplace from main Facebook site to appease business customers (C) Financials: Fed sets new rules to ease regulations on smaller banks (C) Industrials: GE Credit Rating Cut by Moody’s on Power Unit’s Deepening Woes (B) Tech: Samsung Chalks Up Another Record, but Phones Are a Worry (W)

October 31 (Wednesday) YRI Goldman Sachs: Market mayhem has gotten out of hand. Stocks will rebound (NBC) Daily Markets Overview Markets Dow pops 350 points as stocks pare steep October losses (C) Rising Rates Threaten a Bull-Market Mantra (W) ‘Godfather’ of chart analysis says ‘damage done to the stock market’ is much, much worse’ than anyone is talking about (MW) Opinion: If you weren’t yet worried about the stock market, you should be now (MW) Growth vs value debate rages on as volatility slams the market — here’s what investors say to buy (C) Whatever the Stock Market’s Problem, It’s Worse in Tech Shares (B) Currencies China Sets Official Yuan Rate at Weakest in a Decade (W) US I U.S. consumer confidence at 18-year high; house price gains slow (R) U.S. Consumers Show Little Evidence of Pain From Rout in Stocks (B) US II Home Prices Continue to Lose Momentum (W) Millennial Buyers Drive Uptick In U.S. Homeownership (W) Baby Boomers Are Living at Home. That’s Bad News for Senior-Housing Developers. (W) Southern California suffers its worst housing slump in over a decade (C) Europe Eurozone Growth Stutters as U.S. Economy Powers Ahead (W) US politics Trump Says Stock Market Taking ‘A Little Pause’ Before Midterms (B) U.S. House Speaker Ryan rejects Trump plan on birthright citizenship: Washington Post (R) Geopolitics & trade Trump says he expects ‘great deal’ with China, but more tariffs if not (R) U.S. Ban Threatens China’s Ambitions as Tech Power (W) Industries & companies Consumer: Coca-Cola Gets Lift From a Perennial Laggard: Diet Coke (W) FANGs: Apple Raises Prices on New MacBook Air, iPad Pro (W) FANGs: Apple’s new iPads just took a major leap forward (C) Industrials: GE plunges 10% to below $10 a share after analysts say dividend cut to a penny may not be enough (C) Industrials: GE Tumbles to 2009 Low After Accounting Probe Adds to CEO’s Woes (B) Technology The world’s first humanless warehouse is run only by robots and is a model for the future (C) This headband reads brain waves to help you meditate — here’s what happened when we tried it out (C)

October 30 (Tuesday) Markets U.S. Stocks Fall, Tech Sinks on Fresh Trade Angst (B) Never Mind the Fed: Reliable S&P 500 Rescuer Poised to Return [Buybacks] (B) Here’s what could turn this stock market sell-off around according to investors (C) Morgan Stanley breaks with rest of Street, thinks October sell-off is ‘morphing’ into a bear market (C) Treasury Expects to Issue Over $1 Trillion in Debt in 2018 (W) Central banks Trump is right: The Fed has raised interest rates too fast (NYP) The Fed may have to make an important adjustment to the way it’s raising rates (C) US Fed Hits Inflation Double-Bullseye (B) Tame Inflation Keeps Fed on Track (W) Europe Merkel Legacy Is a German Jobs Boom for Europe’s Star Economy (B) A Weakened Merkel Steps Down as Party Chief, Bolstering Rivals (W) U.K. to Roll Out Developed World’s First ‘Digital’ Tax (W) Emerging Brazil’s Monster Rally Due for Reality Check After Bolsonaro Win (B) US politics Trump’s Approval Rating Plunges Amid Wave of Pre-Midterm Violence (B) Health Care Remains a Hot-Button Issue (W) Geopolitics & trade US reportedly planning tariffs on remaining $257 billion in Chinese goods if Trump-Xi talks fail (C) Twelve executives explain how Trump’s trade war and U.S.-China tariffs are hurting their companies (C) Military to Increase Southern Border Deployment to 5,000 (W) Industries & companies Airlines: Boeing shares plunge the most since 2016 after opening the day higher (C) FANGs: Amazon shares are cratering — down 6% today, down 23% in the past month (C) FANGs: Traders are making a boatload betting against once-beloved FAANG stocks (C) Financials: Credit-Card Spending Limits in Focus as Issuers Grow Cautious (W) Financials: Fed Prepares New Way to Tailor Rules for Big Banks (W) Retail: Retail analyst: Holiday season without Toys R Us is ‘good news’ for certain retailers (C) Tech: U.S. to Restrict Chinese Chip Maker From Doing Business With American Firms (W) Tech: Upgrade? No Thanks. Americans Are Sticking With Their Old Phones (W)

October 29 (Monday) YRI Fed needs to pause rate hikes to stabilize battered market, Ed Yardeni says (C) Daily Markets Overview Markets Has the Bear Market Arrived? History Says Not (W) Strong Earnings Haven’t Cured the Stock Market’s Blues (W) Earnings, Schmernings: When the Value of the Numbers Declines (BR) After a Slide in Chinese Stocks, Where to Look for Bargains (BR) Emerging Stocks to Outperform U.S. Over Long Term, Federated’s DeVito Says (B) The Case for MLPs and Energy Stocks (BR) Central banks BOJ to Maintain Policy Stance With Focus Growing on 10-Year Yield Range (B) US U.S. Economy Flashes Signs It’s Downhill From Here (W) Europe Countries Weigh Europe’s Digital-Tax Proposal (W) China What’s Really to Blame for China’s Slowdown (BR) A Hard Landing for China Isn’t in the Cards (BR) Emerging Far-right candidate Jair Bolsonaro wins Brazil’s presidential election (C) US politics Battle for Florida Senate Seat Is the Year’s Most Expensive Race (W) Geopolitics & trade China 2025 Plan Remains a Stumbling Block as Trump Meeting Looms (B) China tariff effects started showing up in shipping data months ago (C) Chinese Firms Snap Up U.S. Sites to Process Scrap (W) Industries & companies Autos: Tesla Faces Deepening Probe Over Whether It Misstated Production Figures (W) Financials: Why Bank of America’s Conservative Approach Is Good for Its Shares (BR) Retail: Sears’ ‘tragic’ bankruptcy turns to opportunity as US mall owners court new tenants (C) Corporate finance IBM Chases Amazon Into Cloud With $33 Billion Red Hat Purchase (B)

October 27 (Saturday) Markets Dow dives nearly 300 points, S&P 500 dips into correction levels in another wild day on Wall Street (C) Stocks Slump on Tech Worries (W) Weak Amazon, Alphabet results ignite growth worries (R) Opinion: Why the Dow Jones Industrial Average should be higher in six months (MW) Stocks are cheap and should rally 15% to 20%: Guggenheim’s Scott Minerd (C) El-Erian on global market sell-off: ‘I don’t think the party is over’ (C) Currencies & commodities China Puts Yuan Skeptics on Notice as Currency Nears Decade Low (W) The rising dollar is a major reason for this stock sell-off, and it’s only getting worse (C) US crude tumbles 12% from high as oil bulls retreat (C) Central banks Fed’s Mester: Rate hikes are based on data not preconceived notions on where they should be (C) Soothing words from Fed as rate hits ceiling for first time (R) Volcker Sees Fed Rate Increases as Key to Stable Growth (W) US GDP Grows 3.5% on Consumer Vigor but Investment Slows (W) The Federal Reserve’s favorite inflation indicator says it is under control (C) Getting to the core of rising inflation (C) Are Price Increases Painting Companies Into a Corner? (W) U.S. Consumer Sentiment Ticked Down at the End of October (W) Nobel Prize winner Robert Shiller: I don’t expect a sharp turn in the housing market (C) US politics Trump to go on eight-state blitz ahead of Election Day (R) The Republican Party’s hold on the Senate looks pretty solid less than two weeks until Election Day (C) Geopolitics & trade Mexico offers plan to keep U.S.-bound migrants in Mexico (R) Hog industry worldwide getting slaughtered in trade war (R) Industries & companies Autos: The FBI is reviewing Tesla’s Model 3 production numbers as part of a criminal probe: WSJ (C) Autos: Tesla says has not received subpoena on Model 3 production (R) FANGs: Apple May Lean on iPhone XR to Juice Sales (W) FANGs: Here’s what every major analyst had to say about Amazon’s plunge: ‘Wait for the dust to settle’ (C) Tech: Microsoft overtakes Amazon as second-largest company by market value (C) Tech: Microsoft Defends Its Bid on U.S. Military Contract (W) Corporate finance Fortnite Creator Epic Games Valued at Nearly $15 Billion (W) Offbeat Fingerprint leads to federal charges against Florida man Sayoc for bombs sent Obama, Clinton, others (C) Some 43% of College Grads Are Underemployed in First Job (W)

October 26 (Friday) Markets Dow surges 400 points as tech jump leads recovery from Wednesday’s sell-off (C) Stocks Roar Back, Erasing Most of Yesterday’s Loss (B) Asset Managers Have Led Market Decline, a Bad Sign for Stocks (W) Central banks Trump’s own hawks: Fed’s newest member Clarida backs higher rates (R) Fed Fires Warning Shot at Wall Street’s Riskier Loan Deals (B) Draghi Offers Blunt Suggestion to Rome to ‘Tone It Down’ (B) US U.S. business spending on equipment cooling; goods trade deficit rises (R) The U.S. Economy Is Doing Great. Why Isn’t Housing? (B) Yardeni: Gen Z ‘are likely to be the most self-educated generation’ (Yahoo) A Big Reason U.S. Economy Is Accelerating: Military Spending (W) Geopolitics & trade U.S. Won’t Resume Trade Talks Without Firm Chinese Proposal (W) U.S. military may send up to 1,000 troops to Mexico border (R) Saudi Arabia Says Evidence Points to Premeditated Killing of Khashoggi (W) Industries & companies Autos: Ford’s ‘Better-Than-Feared’ Quarter Triggers Relief Rally (B) Autos: Tesla’s Record Profit Buoys an Embattled Musk (W) Airlines: Fuel Costs Cut American’s Profit (W) Consumer: AB InBev Halves Dividend as Beer Remains Out of Favor (W) FANGs: Amazon says AWS revenue jumped 46 percent in third quarter (C) FANGs: Alphabet Quarterly Sales to Surge, Despite Regulatory Haze (B) Homebuilders: Homebuilders Finally See Some Relief After Analyst Upgrade (B) Media: Comcast Profit Rises as It Looks Beyond U.S. for Growth (W) Pharma: Trump Unveils Test Plan to Lower Medicare Drug Costs (W) Social-Media: Twitter Boosts Revenue, Swings to Profit (W) Social-Media: Snapchat Lost Users in Quarter And Says Decline Will Continue (B) Restaurants: Chipotle turns in a mixed quarter, earnings beat but same-stores sales disappoint (C) Tech: Intel soars on big earnings beat (C) Tech: Microsoft’s Cloud Strategy Pays Off (W) Tech: The Global Tech Backlash Is Just Beginning (W) Corporate finance Lazard CEO Says He’s Open to Sale of $240 Billion Asset Manager (B) Offbeat Officials Focus on Florida To Trace Explosive Devices (W) In More High School Classes, the Teacher Is on a Screen (W)