What I Am Reading

March 06  (Monday) Stocks Stocks: A Crowded Elevator Ready to Go Down? (BR) How Expensive Are Stocks — Really? (BV) U.S. Stocks Look Pricey (BR) Brace your portfolio: Stocks are set to pop and then drop, says strategist Jim Paulsen (C) Investors bet Trump-fueled tech rally far from over (R) U.S. energy stocks, darlings last year, stumble in 2017 (R) Europe’s Bargain-Priced Shares Draw Fleeting Interest (W) Credit, commodities & currencies Bonds See Gloom Where Stocks See Zoom (B) Commodity Bets Hit Record Highs as Investors See Growth Signs (W) Mexican peso surges as US signals softer stance (FT) Central banks What a Trump Fed Might Look Like (BR) Fed’s Powell warns of digital currency’s risks (R) US U.S. Jobs Outlook Far Brighter Than Reported (BR) Dying shopping malls are wreaking havoc on suburban America (BI) The American suburbs as we know them are dying (BI) Millennials Delay the Homeownership Move (BR) China China Sets Growth Target of About 6.5% or Higher (B) China’s Premier Maps Out Cautious Economic Course (W) China to Raise Military Spending, but Less Than in Recent Years (N) US politics Conservative Groups Jeopardize GOP Plan to Repeal Affordable Care Act (W) Keystone Pipeline Won’t Be Required to Use American Steel Despite Trump Vow (W) Out in the cold: New U.S. budget priorities threaten housing aid programs (R) Trump administration to propose ‘dramatic reductions’ in foreign aid (R) U.S. suspends fast processing of high-tech visa applications (R) Comey Asks Justice Dept. to Reject Trump’s Wiretapping Claim (N) Trump Relied on Breitbart to Claim Obama Tapped His Phones (B) Does Stephen Miller Speak for Trump? Or Vice Versa? (B) ‘Deplorables for Trump’ — president’s supporters rally across the country (BI) Geopolitics & trade Fight the Myth of Fair Trade (BR) Trump Inherits a Secret Cyberwar Against North Korean Missiles (N) Netanyahu to meet Putin, says Iran seeks permanent foothold in Syria (R) Mexico opens migrant defense centers at U.S. consulates (R) Corporate finance Corporate Urge to Merge Roars On (BR) Technology Rise of the Robots (BR) Why no job is safe from the rise of the robots (P) Offbeat How to Escape Your Political Bubble for a Clearer View (N) Schwarzenegger on ‘Celebrity Apprentice’: I Quit (B) U.S. Airport Pat-Downs Are About to Get More Invasive (B)

March 04  (Saturday) Markets Growth momentum is fuelling the rally, not Trump (FT) One of the hottest Trump trades is about to soar even higher: Strategist (C) If Trump fails to deliver on a corporate tax cut, expect a 10-15% correction, says expert (C) Investors Are Shunning Hedges in the Trump Rally, Goldman Sachs Says (B) Fed Hawks Have Markets Already Gaming 2018 (B) ETFs Race to Fastest Yearly Start (W) World’s Biggest Pension Fund Posts Record $92 Billion Gain (B) Central banks Yellen Speech: From Adding Accommodation to Scaling It Back Yellen Says March Hike ‘Likely Appropriate’ If Progress Persists (B) Fischer Speech: Monetary Policy: By Rule, By Committee, or By Both? Federal Reserve releases examples of new charts that illustrate uncertainty around projections Draghi should resist calls to prepare exit from QE (FT) Pressure on ECB as eurozone inflation hits 4-year high (FT) Global The global manufacturing sector is back (BI) US U.S. Service-Sector Activity Expanded to Highest Level in More Than a Year (W) Consumers May Have Cut Back in February. Here’s Why You Shouldn’t Worry (W) Europe Goldman Sachs Is Skeptical About a Big Profit Rebound in Europe (B) Fillon’s support drains away within own party (FT) Greece Approaches World Bank for $3 Billion Loan (W) Japan Japan returns to inflation for first time since 2015 (FT) China Morgan Stanley is really bullish on China, here’s what’s behind the contrarian call (C) Xi Jinping, Seeking to Extend Power, May Bend Retirement Rules (N) Mexico Peso climbs after Wilbur Ross talks of currency stabilisation ‘mechanism’ (FT) These Mexican Companies Are Reaping the Rewards of a Weak Peso (B) Mexican Central Bank’s Peso Support Is Gift to Biggest Companies (B) US politics Chasing leaks fuels paranoia in Washington (R) Jeff Sessions Used Political Funds for Republican Convention Travel (W) With Sessions sidelined, prosecutor Obama promoted would oversee Russia probes (C) In Short Supply in Trump’s Cabinet: Lawyers (W) Democrats ask if the Oprah effect can beat Trump (FT) The GOP’s secret plan to repeal Obamacare won’t work (BI) House Committee Aims to Reshape Medicaid Program (W) Trump’s EPA budget proposal targets climate, lead cleanup programs (R) Geopolitics & trade Trump says wants defense buildup to project U.S. power abroad (R) Trump’s ‘bromance’ with Russia’s Putin appears to be cooling (R) Trump’s Russia ties leave Washington puzzled (FT) Sergey Kislyak, Russian Envoy, Cultivated Powerful Network in U.S. (N) China hints at trade war strategy in South Korea standoff (R) Nafta Has Room for Improvement, Mexico’s Economy Minister Says (B) Hundreds of Firms Vie to Build Trump’s Border Wall (B) Syria Talks End With Little Progress (W) US military test shows the A-10 ‘Warthog’ can obliterate the small boat swarms that Iran uses (BI) Young Palestinians give up on two-state solution (FT) The nerve agent used to kill Kim Jong Nam is lethal to touch — here’s how his suspected assassins survived (BI) Industries & companies Aerospace: More Than 1,800 Boeing Employees Accept Voluntary Buyouts (W) Autos: Tesla Responds to Bloomberg News Story on Management Departures (B) Energy: Canada Says No Big Hurdles Remain for Keystone Approval (B) Financials: Deutsche Bank Is Nearing a Plan to Boost Capital by $10.6 Billion (B) Financials: Hedge-Fund Swagger Sinks Along With Profits and Fees (B) Health Care: Trump’s Obamacare reforms hang over health stocks (FT) Industrials: U.S. authorities raid Caterpillar’s Illinois facilities (R) Retail: Retailers Had a Dismal Christmas. Now Comes Ryan’s Import Tax (B) Retail: Costco to Raise Membership Fees as Costs Dent Profit (W) Tech: Facebook Intensifies Hunt for TV-Like Video Programming (W) Technology Amazon looks to universities in artificial intelligence race (R) Japan worker shortage has one winner so far: robots (FT) Offbeat The CEO of the world’s biggest ad company says Amazon keeps him up at night (BI) Behind the Bridgewater Shakeup: Ray Dalio’s Unorthodox Culture (B) Pimco’s New Bond Chief Is Nailing It (B) Tom Hanks keeps White House press corps caffeinated (C)

March 03  (Friday) Markets Skeptical Wall Street Strategists Undone by Market Rally (W) US share buybacks punch below their weight (FT) Esoteric ETFs boost number of passive US funds (FT) Central banks Video: Ed Yardeni Says Fed Realized They Achieved Their Mandate (B) Businesses are expecting inflation to rise in the coming months, Fed’s Beige Book says (BI) Pressure on ECB as eurozone inflation hits 4-year high (FT) US U.S. Jobless Claims Lowest Since March 1973 (W) US auto sales rise less than forecast in February (BI) Ageism Thwarts Policies to Boost the Senior Workforce, Study Finds (W) Europe Europe starts to think the unthinkable: break-up (FT) French Twist: Here’s How Investors Are Playing ‘Frexit’ (W) Le Pen Stripped of Immunity in ISIS Twitter Case (W) How education level is key predictor of Wilders support (FT) China China’s Xi Positions Allies for Transition Battle (W) Six Chinese Billionaires Spring Up With Delivery Fortunes Worth $47 Billion (B) US politics Trump’s $1 Trillion Infrastructure Dream Faces the Same Old Nightmares (B) ‘Secret’ Obamacare Plan Leads Lawmakers on Hunt Across Capitol (B) Trump muddies the waters on import tax plan (FT) Trump’s World Increasingly Shaped by Fox News, and Fox by Trump (B) Fox CEO Worried About Dismissal of Negative Stories as Fake News (B) To Russia with Love Trump Taps Ex-Intelligence Officer, Putin Critic for NSC Post (W) Sessions Recuses Himself From Russia Inquiry (N) With Sessions Under Fire, Trump Faces Threat to His Inner Circle (B) Donald Trump Jr. Was Likely Paid to Speak at Pro-Russian Group’s Event (W) Has Trump Already Sidelined His Secretary of State? (B) Industries & companies Defense: Lockheed’s Satellite Boost System Is Under U.S. Air Force Review (B) Financials: World’s Biggest Banks Fined $321 Billion Since Financial Crisis (B) Financials: Goldman’s $3 Billion Drop in the ETF Bucket (W) Industrials: Caterpillar Shares Plunge After Federal Agents Raid Its Offices (B) Retail: In Retail’s Slump, Saks Looks to Woo Guys with DJs, Putt-Putt Golf (B) Tech: Twitter Adds More E-Sports to Live-Streaming Efforts (W) Corporate finance Snap Shares Soar in Heavy IPO Trading (W) Snapchat’s two 20-something founders are each worth ~$4 billion (BI) Snapchat already has a “sell” rating, and the analyst thinks it will crash 58% (BI) Lyft Seeking At Least $500 Million in New Funding (W) Technology AI Scientists Gather to Plot Doomsday Scenarios (and Solutions) (B) Self-Driving-Truck Startups Race to Take On Uber (W) Amazon Says Employee Error Caused Tuesday’s Cloud Outage (B) Offbeat Bitcoin climbs above gold for the first time (BI)

March 02  (Thursday) Markets Investor Euphoria Has Stocks Set to Race Past Fair Value (B) Dow Surges 303 Points to Top 21000 (W) Traders are sending a warning that the stock-market rally is running out of steam (BI) Retail stocks, ‘decimated’ by tech, could fall even further (C) Investors back French banks over government debt (FT) Oil Oil inches up as OPEC sticks to output pledges (R) Central banks & inflation Fed’s Brainard Says Rate Hike Likely Appropriate `Soon’ (B) Beige Book Inflation Ticks Up Around the Globe (W) US Mortgage applications surge 5.8 percent, as rates briefly dip (C) Video: Why are so many American men not working? (Brookings) Europe Juncker suggests return of powers to states (FT) Fillon Stays in French Election Race Despite Facing Charges (B) Fillon’s chances gored as formal probe launched (FT) London’s ‘Cheesegrater’ Sold to China Firm for $1.42 Billion (W) China Pimco, BlackRock and Mobius’s Predictions for China in 2017 (B) US politics Trump’s Softer Tone Masks Hard Road Ahead for Agenda in Congress (B) Breaking Down the Speech by Topic (W) U.S. Commerce secretary says Trump did not endorse border tax plan (R) Trump and health care: President gives Congress five principles for Obamacare replacement (C) Trump Backs Tax Credits To Replace Health Law (W) The Next Dilemma of the Republican Tax Overhaul: Pass-through Business Income (W) White House to Kick Off Infrastructure Planning Thursday (B) Trump’s spending plan tests the soul of his party (FT) Geopolitics & trade Trump is (still) spoiling for a trade war (CNN) Industries & companies Autos: Tesla’s China Sales Triple to More Than $1 Billion (B) Financials: Bridgewater’s Dalio Stepping Down as Co-CEO of Hedge Fund (W) Financials: Even Bankers Are Feeling More Upbeat About Banks (W) Financials: Wells Fargo Warns a Deeper Review May Uncover More Bogus Accounts (B) Retail: Lowe’s forecasts 2017 sales ahead of estimates; shares up (R) Retail: Why Costco Bucks the Retail Malaise (W) Retail: Best Buy shares slip 5 percent as revenue, outlook fall short (C) Restaurants: McDonald’s Decides to Embrace Fast-Food Identity (W) Tech: YouTube Unveils Subscription Television Service (N) Corporate finance Snap Raises $3.4 Billion, Pricing Shares in IPO Above Range (B) The private equity party is overcrowded SEC freezes accounts in SoftBank-Fortress inquiry (FT) Technology Video: Boston Dynamics: Introducing Handle the Robot Offbeat Denmark: Welfare Icon Now Wants People to Take Care of Themselves (B) Coding Boot Camps Band Together to Boost Accountability (W)

March 01  (Wednesday) Markets S&P 500 Could Top 4,000 in Eight Years and It’s Not Because of Trump (B) The S&P 500 charts that make bulls skittish (FT) Mom and Pop Investors Are Behind This Historic Market Rally (B) Treasuries Plunge After Fed Speakers Jolt March Hike Odds Higher (B) Retail Stocks Slide on Target’s Forecast (W) One of the most senior women on Wall Street just issued a rallying cry for stock pickers (BI) Central banks Fed officials talk up rate rise prospects (FT) Fed’s Williams Says March Hike to Get ‘Serious Consideration’ (B) | Speech Bullard: “The Role of the Fed’s Balance Sheet for the U.S. Monetary Policy Outlook in 2017” China’s Central Bank Faces a Delicate Balancing Act (B) US U.S. GDP Advanced 1.9% in Final Quarter of 2016 (W) U.S. Housing Market Roars Into 2017, Case-Shiller Says (W) Why Construction Has Seen Particularly Weak Productivity Growth (W) A Stronger Dollar and the Profitability of U.S. Firms (FRB-SL) Europe Brussels to lay out plans for more ‘multi-speed’ EU-27 (FT) China Zombie companies still threaten China’s living (FT) Japan BoJ publishes bond-buy plans to keep yields at 0% (FT) Emerging Are emerging markets entering a new virtuous cycle? (FT) India GDP Hurt by Cash Crunch (W) US politics Trump Faces a Conservative Revolt in Congress (W) In Speech to Congress, Trump Looks to Jump-Start Momentum (W) Trump wants to cut $54bn in spending from domestic agencies–enough to wipe several of them out (BI) Trump Expects Growth to Pay for Defense Boost (W) Lawmakers Expect Trump Will Get on Board With Medicare, Social Security Cuts (W) Ryan and Bannon Forge Unexpected Alliance on Border Tax (B) Trump to Repeal Obama-era Regulations on Firearms, Water (W) Wilbur Ross is confirmed (BI) Trump Slow to Submit Nominations for Top Posts (W) Trump’s Travel Ban Likely to Exempt Those With Visas (W) Geopolitics & trade Trump Infrastructure Plan Seen as Key to Dodging China Trade War (B) Russia Says Preparations Beginning for Trump-Putin Meeting (W) Merkel tries ‘strategic patience’ with Trump (FT) Industries & companies Financials: Dimon Says U.S. Future ‘Very Bright’ If Trump Can Enact Reforms (B) Financials: JPMorgan calls for easing of bank regulation (FT) Financials: J.P. Morgan Executives: Let the Good Times Roll (W) Pharma: Valeant shares drop 14% as drugmaker cuts guidance (FT) Media: Time Inc. Asks Suitors to Submit Offers by Next Week (B) Retail: Target Plunges Most in Eight Years (B) Tech: Google’s YouTube to Launch $35-a-Month Web-TV Service (W) Tech: Apple’s Next iPhone Will Have a Curved Screen (W) Tech: Snap’s Investors Could Disappear After the IPO (B) Technology JPMorgan Software Does in Seconds What Took Lawyers 360,000 Hours (B) Offbeat Bill Gates says it’s too early for basic income, but over time “countries will be rich enough” (BI) The Night They Locked Up All the Smartphones (W) Keep Your Kids Away From Connected Toys (B) What Press Freedom Means When You Can Just Press ‘Tweet’ (B)

February 28  (Tuesday) Markets Trillions of Dollars Are at Stake When Trump Speaks to Congress (B) Infrastructure Stocks Climb After Trump Pledges to Spend ‘Big’ (B) Stocks Tick Higher, Led by Energy and Financial Shares (W) A New Way to Look at Crazy Stock Valuations (W) Tudor Jones’ New Hedge Fund Pitch: Low, Low Prices (W) Gold bulls bet on uncertainty over US stimulus (FT) French bonds enjoy best run since Brexit vote (FT) Central banks Fed’s Kaplan Says FOMC Shouldn’t Overread Market Expectations (B) US Aircraft Sales Boosted U.S. Durable-Goods Orders in January (W) Pending Purchases of U.S. Existing Homes Unexpectedly Decline (B) As Wall Street Thrives, America’s Little Guy Chokes on Paperwork (B) Europe Eurozone Business Confidence Grows Despite Impending Elections (W) Le Pen, Trump and the Atlantic counter-revolution (FT) China Corporate China hits global debt market milestone (FT) China Gives Foreign Bond Investors Help With Hedging (W) US politics Trump: Nobody Knew Health Care Could Be So Complicated (B) Trump Promises ‘Something Special’ on Health Care Before Speech (B) GOP Leaders Dare Republicans to Block Obamacare Repeal Bill (W) Trump to Propose 10% Defense Increase in Budget Plan, Aides Say (B) Trump wants $54bn increase in military spending (FT) Buffett Sees Republicans Needing to Dial Back Tax Plan Ambitions (B) GE’s Immelt urges Trump deregulation and tax reform (FT) Senate Poised to Confirm Ross (W) As Trump Heads to Congress, Polarization Is Hardening (W) Slight Majority of Americans Sees Media as Too Tough on Trump, Poll Finds (W) Indian Workers in U.S. Fear a Trump H-1B Crackdown (W) Geopolitics & trade Mexico Warns It’ll Cut Off Nafta Talks If U.S. Proposes Tariffs (B) Trump team looks to bypass WTO dispute system (FT) Industries & companies Financials: US banks hit brakes on lending after election (FT) Financials: AIG Directors Weigh Consequences for CEO After Big Setback (W) Financials: ETFs Provide Some Good News at Deutsche Bank (W) Industrials: GE Chief: Globalization Isn’t Over, It Is the End of the ‘Global Elite’ (W) Materials: Teck Bullish on Coal, But Not Enough to Add Production Capacity (B) Retail: Two Retailers, One Big Worry (W) Tech: YouTube Tops 1 Billion Hours of Video a Day (W) Tech: Berkshire Hathaway More Than Doubles Apple Stake (W) Corporate finance Tech Startup Market Sinks to Lowest Point in Three Years (B) Private equity outbid by cash-rich buyers on deals (FT) FCC Chairman Doesn’t Expect to Review AT&T-Time Warner (W) Technology Supersmart Robots Will Outnumber Humans Within 30 Years, Says SoftBank CEO (W) Amazon’s Alexa assistant is gaining ‘skills’ at a tremendous rate (BI) Offbeat WHO raises alarm over drug-resistant superbugs (FT) Man Who Moved Oil With His Words Won’t Talk About It Anymore (B) PwC Partner Tweeted Minutes Before Oscar Best Picture Mix-Up (W)

February 27  (Monday) Stocks Will investors cheer Trump in speech to Congress? (FT) Eight Years a Ball: cracks in its façade are beginning to show (BR) Robert Shiller: With stock valuations high, it’s time to reduce your holdings (C) David Rosenberg: Cautious on Trump Rally (BR) Bonds Bond Market Is Flashing Warning Signal on Trump Reflation Trade (W) The Case for U.S. Treasury Bonds (BR) Oil With Shale Oil Production Like This, Who Needs Trump? (B) Central banks The Most Radical Experiment in Monetary Policy Isn’t Working (W) US Whatever happened to secular stagnation? (FT) California Governor Calls for Billions of Dollars to Upgrade Infrastructure (W) More than one in 10 staff at US banks work in Asia (FT) Europe What Does the French Election Mean for the Euro? (W) Le Pen’s online army leads fight for French presidency (FT) Fillon wins temporary reprieve in embezzlement probe (FT) Emerging Commodity Rebound Would Be Boon for Russia, Indonesia (BR) US politics Many Americans Disapprove of Trump but Are Open to His Agenda (W) Budget Won’t Touch Entitlement Programs, Mnuchin Says (B) GOP Governors at Health-Law Impasse (W) Trump to Meet With Health-Insurance Executives (W) Immigration Agents Discover New Freedom to Deport Under Trump (N) For Commerce Pick Wilbur Ross, ‘Inherently Bad’ Deals Paid Off (N) Tom Perez to Lead Democrats, in Blow to Populist Wing (W) Anti-Trump Protests Are ‘Balancing Act’ for Police (W) Trump to Skip Washington Press Corps Dinner (W) Trump Goes After Familiar Targets (W) Brennan Says Russia Probe Must Be Bipartisan (B) Geopolitics & trade Planned Back-Channel Talks Between U.S., North Korea Scuttled (W) German business prepares to defend free trade in US (FT) Industries & companies Consumer: U.S. Workers to Manufacture Play-Doh Again (W) Consumer: Harley-Davidson: An Uneasy Rider (BR) Energy: Bottom Fishing Transocean: Reel In 35% (BR) Financials: Deutsche Bank Cuts 2016 Bonus Pool by Almost 80%, FAS Reports (B) Industrials: Infrastructure Maven (BR) Retail: J.C. Penney Is Latest Retailer Forced to Downsize (W) Retail: The Anti-Trump Activist Taking On Retailers (N) Technology Google Assistant Goes Beyond the Pixel to Take on Apple’s Siri (B) Goldman Sacked: How artificial intelligence will transform Wall Street. (Newsweek) Buffett Warren Buffett’s Shareholder Letter Buffett Assails Money-Manager Fees as Berkshire Reports Higher Profit (W) Buffett suggests shift from long-term perspective (FT) Offbeat The Upshot: Economists Have Been Demoted in Washington. That’s a Bad Idea. (N)

February 25  (Saturday) Markets Stocks Turn Higher in Final Minutes of Trading (W) Timing the US market a big challenge for passive investors (FT) How Dangerous Is a Stock Market of Mindless Robots? (W) America in Cap-Ex Mode Can’t Beat Buybacks as Bull Market Engine (B) Bonds U.S Treasuries Might Finally Be Ready to Stage a Breakaway (B) High-yield strategies take baton from long duration to end 2016 (P&I) Reasons for Bunds rush go beyond fears over Le Pen (FT) Central banks Fed Isn’t Ready to Cut Balance Sheet Yet (W) William C Dudley: Transcript of Cornell Annual Predictions Event US Michigan Consumer Sentiment Shows First Post-Election Drop (B) Sales of New U.S. Homes in January Were Slower Than Forecast (B) Europe Germany and Italy back Brussels on Brexit (FT) French Prosecutors Extend Investigation Into Fillon (B) Marine Le Pen refuses to be questioned by French police (FT) China Capital-Control Policy Puts Brakes on Chinese Investment in Hollywood (W) China seeks baby boom to counter low birth rates (FT) US politics White House denies report that it doesn’t support a controversial Republican tax plan (BI) Here’s the first look at the House Republican plan to repeal and replace Obamacare (BI) Trump Orders Agencies to Identify Unnecessary Regulations (W) Trump to Call for Repeal of Obama-Era Environmental Rules (W) White House Denies Briefing Access to New York Times, Politico, CNN (B) Trump Says His Victory Marked Win for Conservative Values (W) Contest for Democratic Party Chairman Turns on Local Issues (W) Priebus Sought FBI Help in Refuting Reports on Russia (W) Geopolitics & trade World Trade Flows Grew at Slowest Pace since Financial Crisis in 2016 (W) U.S. Talks With Mexico Clouded by Mixed Message (W) Brexit could help EU strike free trade deal with India, MEPs believe (GU) Industries & companies Energy: Losing 4.3 Billion Barrels Is Good For Exxon (B) Financials: Aflac Pushes Into Infrastructure Debt Investing in U.S., Japan (B) Financials: RBS CEO: ‘We’re approaching a level of normality’ (BI) Financials: Wall Street’s Humans Notch a Win Against the Computers (W) Retail: J.C. Penney is closing up to 140 stores to against online retailers (BI) Corporate finance M&A raises concerns over market peak (FT) The case for and against investing in Snap’s massive IPO (BI) Unilever defends rebuff of Kraft Heinz deal (FT) How GM’s pension shortfalls might affect PSA deal (FT) Technology What’s the Latest Buzz in Electric Cars? Speed, Baby! (W) Virtual-Reality Goggles Come With a Hitch: Real Reality (W) Offbeat Robot tax: Do androids dream of personal deductions? (FT) ‘Trump: ‘I was the best golfer of all the rich people” (BI) Have $6 Million? Avoid Taxes By Using Exports and an IRA (W)

February 24  (Friday) Equities Dow Hits 10th Straight Daily High as Dollar Slips: Markets Wrap (B) Nasdaq Slips as Biotechnology Shares Decline (W) Aramco: Saudi Arabia’s Oil Wealth Is About to Get a Reality Check (B) Bonds Mnuchin’s Ultra-Long Bond Chatter Sends Treasuries Curve Steeper (B) Treasury eyeing issue of 100-year US government debt (FT) Can You Make Money in a Euro Collapse? (W) Central banks Fed Eyes Aggressive Rate Increases (W) US How Our Expectations of Weak Economic Growth May Have Helped Cause It (W) Landlords Are Taking Over the U.S. Housing Market (B) Europe ECB Warns of a Europe of `Small Countries’ If Populism Triumphs (B) China Pimco Says China Needs to Get Tougher in Cat-and-Mouse Debt Game (B) China Shakes Up Economic Team as Power Shift Looms (W) US politics Treasury Secretary Mnuchin Sees Tax Overhaul by August (W) Border-Adjustment Tax Divides Energy Sector (W) Trump is reportedly putting off one of his biggest economic promises until next year (BI) Copper is tumbling following a report that Trump will wait on infrastructure spending (BI) Business Leaders Send Trump Their Deregulation Wish List (W) Bannon: ‘Every Day Is Going to Be a Fight’ (W) Homeland Security Head: No Military Force on Migrants (W) Geopolitics & trade US retreats from Trump pledge on China currency (FT) Trump says he can’t find any country the US has a trade surplus with — here they are (BI) U.S. Official’s Diplomatic Line in Mexico Differs From Trump (W) Trump Deportation Plan Dominates Mexico Trip by Kelly, Tillerson (B) Industries & companies Airlines: The $65 European Airfare Is Coming to the U.S. (B) Autos: Renault-Nissan’s Problem: There’s Only One Ghosn (W) Energy: Exxon Caves to Oil Crash With Historic Global Reserves Cut (B) Financials: Barclays Swings to Profit as Sweeping Overhaul Nears End (W) Industrials: Trump Love Can’t Save Caterpillar or U.S. Steel From Slump (B) Industrials: Where Are The Toilets? Order Glut Stretches Giant Jet Makers to Limit (W) Mining: Glencore swings back to profit in 2016 (FT) Retail: Nordstrom Tightens Belt to Deal With Department-Store Slump (B) Tech: HP Enterprise Posts Steep Revenue Drop, Lowers Outlook (W) Corporate finance Viacom debt deal turns spotlight on Trump tax plan (FT) Offbeat Gary Cohn to Recuse Himself From Goldman Sachs Matters (B) Olympics in ‘Crisis’ as Just Two Cities Vie to Host Summer Games (B)

February 23  (Thursday) Markets German bond yields fall on French election worries (FT) Central banks Fed Officials See Rate Hike ‘Fairly Soon’ (B) | FOMC Minutes Speech by Governor Powell on the economic outlook and monetary policy US Existing-home sales jump to a 10-year high (BI) Trump’s Growth Target Made Harder by Immigration Plans (W) Why Trump’s Immigration Crackdown Could Sink U.S. Home Prices (B) More of This Year’s Tax Refund Will Pay Down Debt (B) Europe Eurozone Finally Finds Itself Free of Deflation (W) Merkel leads in the polls (BI) Marine Le Pen has a better chance than you think (FT) Italy’s political parties relapse into old ways (FT) China China’s housing market is starting to cool China will navigate debt challenge and avoid financial shock (FT) Long Days at Chinese Tech Firms (W) US politics Trump Says ‘Enormous Work’ Ahead on Budget to Deliver Priorities (B) Goldman Has Grim Prognosis for Tax Reform Amid Obamacare Debate (B) Citigroup Sets Up D.C. Team to Prep for Trump’s Regulatory Overhaul (B) Will Trump’s plan reverse the deterioration of America’s Aging Infrastructure? Trump Would Reconsider Bannon’s NSC Role if Asked (W) Bernie Sanders Loyalists Are Taking Over the Democratic Party One County Office at a Time (W) Geopolitics & trade Trump Scorns the IMF’s Globalism, and Now He Gets to Vote on It (B) Tillerson, Kelly Head to Mexico for Talks Amid Diplomatic Tensions (W) Technology Mark Cuban calls universal basic income “one of the worst possible responses” to robot automation (BI) Offbeat Several Earth-Like Planets Discovered Orbiting Nearby Star (B) Your Biggest Online Security Risk Is You (W)