Dr. Ed's Blog

Jun 30 (Friday)

Markets
Global bond market sell-off infects equities (FT)
Global Bond Selloff Deepens Amid Hints at End of Stimulus (W)

Commodities & currencies
Dollar’s Battle Gets Harder With Fed No Longer Only Hawk in Town (B)
Yuan Rides a Roller Coaster in June as China Fights With Market (B)
The Ringgit Is Easily Asia’s Strongest Currency (B)
Goldman’s Commodity Analysts Ask: How Did We Get It So Wrong? (B)

Central banks
Investors jump Draghi’s finely tuned starting gun (FT)
Central Bankers: Twisted Geniuses or Bumbling Ex-Academics? (W)
Communication of monetary policy in unconventional times (ECB)

OECD & IMF
Enabling the Next Production Revolution (OECD)
Global Housing Watch (IMF)

US
U.S. GDP Growth Revised Up to 1.4% in First Quarter (W)
Four Problems Looming Over Historic U.S. Expansion (W)
Illinois Is in Deep Trouble: What Investors Need to Know (W)
These 3 charts explain the economic side effects of the student loan crisis (BI)
Cuomo Declares State of Emergency for NYC’s Troubled Subways (B)
Aging Infrastructure Means More Jams at One of U.S.’s Worst Bottlenecks (W)
Opioid Addiction Diagnoses Up Nearly 500% in Past 7 Years, Study Shows (W)

Europe
Eurozone’s Confidence Hits Post-Crisis High (W)
The French President Is Spending His Summer Fighting Unions (B)

Japan
Japan can help us better understand one of the biggest puzzles facing the US economy (BI)

Emerging
Chinese Regulators Play Whac-A-Mole With Banks (W)
China’s quant traders in retreat after court verdict (FT)
Cash Won’t Be Obsolete in India Anytime Soon (B)
Brazil’s corruption probe reaches the presidency (FT)

US politics
Senators in Health Talks Propose to Keep Tax on Investment Income (W)
Senate Health Bill Could Hit Employer-Sponsored Plans (W)
CBO Says Government Could Run Out of Cash in Early to Mid-October (W)
Trump Administration Predicts Orderly Travel Ban This Time (B)
White House Defends Trump Attacks on MSNBC Host Mika Brzezinski (B)

Geopolitics
U.S. Targets Chinese Bank to Ramp Up Pressure on North Korea (B)
China builds new missile shelters in South China Sea (FT)
White House Says Trump to Meet Putin at G-20 (W)
Trump Accepts Macron’s Invitation to Bastille Day Parade in Paris (W)
Three-quarters of world has little or no confidence in Trump, Pew study finds (Guardian)

Industries & companies
Energy: Trump Vows to Unleash the ‘Vast Energy Wealth’ of the U.S. (B)
Energy: New Problem for Keystone XL: Oil Firms Don’t Want It (W)
FAAMGs: Amazon’s Whole Foods Deal Adds Pressure on Grocery Services to Deliver (W)
FAAMGs: Google’s Main Strategy Is Under Threat From EU (W)
Financials: Bank Stocks Throw a Dividend Party (W)
Financials: Banks Unleash Surprisingly Big Payouts After Fed’s Stress Tests (B)
Industrials: Inside GE’s Decision to Build More Factories Outside the U.S. (W)

Corporate finance
Just Like That, a Bad Year for Buybacks Becomes a Good One (B)
Europe leaps past Asia in global M&A rankings (FT)
Europe’s revival boosts dealmaking (FT)
Frothy IPOs belie uncertain future for HK markets (FT)

Technology
Chip Makers Cashing In on Digital Currencies, for Now (W)
The CEO of an investing startup on the future of finance, millennials, and happiness (BI)

Offbeat
Short Seller Carson Block Fires Back at NYSE’s ‘Un-American’ Jab (B)

Jun 29 (Thursday)

Markets
ETF Buyers Propel Stock Rally (W)
Eurozone IPOs signal growing investor confidence (FT)

Oil
Oil Prices Recover On Encouraging Inventory Data (W)
Suddenly the U.S. Is Exporting More Crude Than a Bunch of OPEC Members (B)

Credit
Global Bonds Gyrate as Investors Parse Central Bank Clues (W)
Illinois Is in a $6 Billion Budget Hole and Flirting With Junk (B)

Central banks
Federal Reserve releases results of Comprehensive Capital Analysis and Review (CCAR)
Draghi Tried to Be Cautious But Spooked the Market Anyway (B)

US
Silicon Valley Forges Ahead on Boosting Minimum Wage (W)

Europe
Brexit set to blow hole in EU budget, Brussels warns (FT)
Macron Outlines Plans to Overhaul France’s Labor Laws (W)
Italy demands EU nations share migrant burden (FT)
Sweden Squirrels Away Cash Ahead of Demographic Time Bomb (B)

Emerging
India’s New Tax System Sparks Strikes and Protests (W)

US politics
Business Groups Want Congress to Step Up Pace on Tax Overhaul (W)
Health Bill Draws Fiscal Fault Line Between Old, Poor (W)
Trump Attacks the ‘AmazonWashingtonPost’ Over Taxes (B)

Geopolitics, cybersecurity & terrorism
Mattis Says Trump’s Warning to Syria Deters Chemical Attack (W)
U.S. Sets New Air Security Measures in Place of Broad Laptop Ban (W)
FedEx’s TNT Unit ‘Significantly’ Affected by Cyberattack (B)
Cyber attack hunt focuses on initial Ukraine infection (FT)

Industries & companies
Consumer: Is Food Giant Nestlé Turning Away From Food? (W)
Financials: How Buffett’s Bank of America Bet Can Change After Stress-Test Results (W)
Retail: Has U.S. Built Its Last Big Mall? (W)
Retail: Nike Thought It Didn’t Need Amazon—Then the Ground Shifted (W)

Corporate finance
New AIG chief set to call time on $25bn buyback plan (FT)
Staples Nears Deal With Sycamore (W)
Blue Apron, Struggling to Woo Investors, Lowers IPO Price Range (W)

Technology
The Future According to Elon Musk (B)
China Is About to Bury Elon Musk in Batteries (B)

Offbeat
Americans Worked More, Slept Less Last Year (W)

Jun 28 (Wednesday)

Markets
Nasdaq Slides as Tech Sector Remains Under Pressure (W)
Hedge Fund Activists See More Opportunities in Europe (W)
Oil at $35 Is Tipping Point for High-Yield, Deutsche Says (B)

Funds & exchanges
‘Untested’ ETF Market Worries Top Speed Trader in U.S. Equities (B)
There’s about to be a showdown between America’s biggest players in trading (BI)
New China Network Can Shave Milliseconds Off Trades to New York (B)
NYSE President Calls Short Sellers ‘Icky’ (B)

Central banks
U.S. stock market ‘running on fumes,’ Fed policymaker says (R) | Speech (Williams, FRB-SF)
Fed’s Fischer Warns Against Complacency Over Stability Risk (B)
Yellen: Globalization, Technological Change Have Been Harmful to Many (W)
Trade and Training (Harker, FRB-PHL)
Trump Administration Struggles to Find Community Banker for Fed Board (W)
ECB’s Draghi Hints at Possible Winding Down of Stimulus (W)

US
If You Think Stocks Are Dull, Look at the Economy (W)
Home-Price Growth Slows in April (W)
U.S. Consumer Confidence Unexpectedly Rises (B)
IMF Cuts U.S. Economy Forecast Amid Rising Policy Uncertainty (W)
Want a $1 Million Paycheck? Skip College and Go Work in a Lumberyard (B)

Europe
Scotland Delays Plan for Second Independence Referendum (W)

Emerging
MSCI Already Talking About Adding More Chinese Stocks (W)
Beijing’s Wariness of Market Forces Is Likely to Disappoint (W)
Hong Kong small-caps suffer $6bn crash (FT)
Chinese Premier Touts ‘Unimaginable Job Growth’ (W)
China puts a stop to electric-car gold rush (FT)

US politics
Senate Republicans Delay Vote on Health Bill Until After July 4 Recess (W)
Analysis finds Senate health bill will increase uninsured by 22m (FT)
Regulators back Trump on looser financial rules (FT)
Yellen rejects need for big regulatory rollback (FT)

Geopolitics & trade
Pentagon Sees Signs Syria Is Preparing Chemical Attack (W)
Trump looks to draw thicker red line in Syria (FT)
North Korea Compares Trump to Hitler (W)
Trump Administration Opens Marathon Nafta Hearings (W)
Massive Cyberattack Goes Global, Hits WPP, Rosneft, Maersk (B)

Industries & companies
FAAMGs: Google Slapped With $2.7 Billion EU Fine Over Search Results (W)
FAAMGs: Facebook Reaches 2 Billion Users, Now Wants to Build Friendships (B)
Financials: Deutsche Bank Faces Possible $60 Million Derivative Loss (B)
Financials: BlackRock makes technology deal in cash management business (R)
Financials: Visa is investing in Swedish fintech unicorn Klarna (BI)
Financials: Wells Fargo to Sell Commercial Insurance Ops (W)
Tech: IBM landed a big win in the race to sell blockchain to Wall Street (BI)
Tech: Jack Dorsey’s Square Inc. May Soon Loan You Money (W)
Telecom: Wireless Industry’s Long Wait for Good News (W)
Telecom: Sprint in Talks With Charter, Comcast (W)
Transportation: UPS Freezes Nonunion Pensions (W)

Corporate finance
Nestle Plans $21 Billion Share Buyback as Activist Loeb Digs In (B)
European utilities primed for consolidations (FT)

Offbeat
CNN Accepts Resignations of Three Involved in Retracted Story (B)
At Unilever, Resumes Are Out, Algorithms Are In (W)
A New Real Estate Play for Income Investors (W)

Jun 27 (Tuesday)

Markets
U.S. Equities Are Risky Like a ‘2-Year-Old on Jungle Gym,’ TIAA’s Chief Investment Strategist Says (B)
JPMORGAN: Beware of overcrowding in markets where ‘everyone holds the same position’ (BI)
Biotech stocks bounce as regulation fears ease (FT)
Goldman Says ETF Sales in 2017 Will Beat 2015 and 2016 Combined (B)

Credit & currencies
Investor nervousness rises as yield curve flattens (FT)
Russia taps strong demand for EM debt (FT)
Mexican Peso Hits Highest in a Year (W)

Central banks
This illuminating chart shows the Fed’s $4.5 trillion balance sheet isn’t all that massive (BI)

US
U.S. Durable Goods Orders Fall 1.1% (W)
Why Americans Feel So Good About a Mediocre Economy (B)
Dallas Builders Can’t Keep Up With Demand for Apartments (B)

Europe
Why Italy’s Bank Rescue Looks a Backward Step (W)
How Italy’s Bank Plan Leaves Bondholders Confused: QuickTake Q&A (B)
European banks deemed safest since height of debt crisis (FT)
U.K.’s May Clinches Deal With Northern Irish Party on Government (W)

Emerging
Global banks should beware China’s deal spree (FT)
China’s All-Seeing Surveillance State Is Reading Its Citizens’ Faces (W)
Narendra Modi’s great tax gamble (FT)

US politics
GOP Leaders Issue Revised Health Care Bill (B)
GOP Senators Add Waiting-Period Penalty to Health Bill (W)
Anthem Says Senate Health Bill Will Bolster Individual Insurance Market (W)
Supreme Court to Review Trump Travel Ban, Says It Can Be Partially Enforced (W)
Trump Blasts Obama’s Handling of Alleged Russian Meddling (W)

Geopolitics & trade
Steel Yourself for Trump’s Anti-Trade Moves (W)
EU vows to retaliate over US steel tariffs threat (FT)
South Korea’s Moon under pressure to ditch protectionism (FT)
Syria accuses US of waging ‘war of attrition’ (FT)

Industries & companies
FAAMGs: Amazon’s Grocery Ambitions Spell Trouble for Food Brands (W)
FAAMGs: Amazon Robots Poised to Revamp How Whole Foods Runs Warehouses (B)
FAAMGs: Google Could Be a Day Away From At Least $1 Billion EU Antitrust Fine (W)
FAAMGs: Alphabet Inks Deal for Avis to Manage Self-Driving Car Fleet (B)
Financials: JPMorgan Turns Bullish on Future of Global Investment Banks (B)

Corporate finance
IPO Market Gears Up for Busiest Week in Two Years (W)
Alibaba-backed Best Inc bets on China logistics boom with U.S. listing (R)
Third Point’s Nestle Bet Follows Mixed Results for Hedge Fund (B)

Offbeat
When the Mailman Unwittingly Becomes a Drug Dealer (W)

Jun 26 (Monday)

Markets
Investors, Reasons to Beware the Second Half (BR)
Finding the Best Alternative ETFs (BR)

Oil
Oil’s drop could leave a stain on earnings (R)
A Look at Energy Markets After the First Five Months of Trump (B)
The Shale Revolution’s Staggering Impact in Just One Word: Plastics (W)

Central banks
Push on with the ‘great unwinding’, BIS tells central banks (R)
Time may be nearing for ECB stimulus exit: Weidmann (R)

US
Can the U.S. Economic Expansion Last Into 2020? (BR)
California Reservoir on Shaky Ground Highlights Aging U.S. Dams’ Risks (W)

Europe
Italy Commits Up to $19 Billion for Veneto Banks Liquidation (B)
Rome sets aside €17bn to wind down failing lenders (FT)
Trump—and Merkel’s Response to Him—Is Issue in German Election (W)

Emerging
China enters the big leagues of global markets (E)
The Problem With Argentina’s 100-Year Bond (BR)

US politics
The $1.5 Trillion Business Tax Change Flying Under the Radar (W)
Donald Trump on Senate Health Bill: A ‘Narrow Path’ But ‘I Think We’re Going to Get It’ (W)
How Killing Obamacare Might Save Obamacare, For a While (B)
Democrats Ready ‘Bold’ Economic Plan in Bid to End Losing Streak (B)
What the Health-Care Vote Means for the Midterm Elections (W)
The race in Georgia’s sixth district (E)

Industries & companies
Consumer: 12 Consumer Stocks With Nice Payouts (BR)
Consumer: Nestle Said to Be Targeted by Activist Dan Loeb’s Third Point (B)
FAAMGs: Facebook Is Going Hollywood, Seeking Scripted TV Programming (W)
Financials: Bankers Have Less to Fear From ‘Stress Tests’ (W)
Tech: Oracle Conquers the Cloud—Just in Time (BR)

Geopolitics & terrorism
Saudi-Led Demands ‘Difficult’ for Qatar to Meet, Tillerson Says (B)
Bungled Attacks, Small Operations Signal New Phase in Terror (W)

Jun 24 (Saturday)

Markets
Stocks Are Ignoring Oil’s Bear Market (B)
Stock Picking Is Dying Because There Are No More Stocks to Pick (W)
Share prices and Fed put brakes on equity flows (FT)

Credit & currencies
One Year On, Pound Can’t Shake Brexit Blues (W)
These Are the Risks That Could End the Mexican Peso’s Big Run (B)
Ethereum’s Flash Crash Shows Hazards of Trading Cryptocurrencies (W)

Funds
Hedge funds turn from Opec friend to adversary (FT)
The Man Who Walked Away From a $40 Billion ETF (W)
BlackRock Tapped to Run Arizona State’s $600 Million Endowment (B)

Central banks
The Path Forward for U.S. Monetary Policy (Bullard, FRB-SL)
Speech by Governor Powell on central clearing and liquidity (FRB)
Mexico’s Central Bank Lifts Rates (W)

US
New-Home Sales Rise in May as Prices Hit Record Level (W)
Why Can’t They Build More Homes Where the Jobs Are? (B)
U.S. Jobless Rate to Fall to 3.5% in 2018, Forecaster Hyman Says (B)
For Consumers, Less Debt but Lots of Bills (W)

Europe
Britain’s Financial Power Is Already Seeping Away (B)
Ireland Said to Seek Protection From Losses on Apple’s Billions (B)

China
Targeted Chinese companies seek to soothe investors (FT)
Beijing’s New Mega Airport Will Challenge Air China’s Dominance (B)

Emerging
Governance to trump all for emerging market investors (FT)
India Shoots for the Moon, Chasing Influence Closer to Home (W)

US politics
4 GOP senators come out against Senate healthcare bill (BI)
Trump Thinks GOP Senate Critics Will Back Health Bill (W)
Senate Health Bill Gives Huge Tax Cuts to Businesses, High-Income Households (W)
Those Moderates Are Screwing Up Health-Care Reform (B)
Obama: The Senate bill is ‘not a health care bill’ (BI)
Trump’s Tape Blunder Risks Fresh Legal Jeopardy in Russia Probe (B)

Geopolitics & trade
Gulf states issued 13 demands to Qatar and set a deadline of 10 days to comply (BI)
Russia Fires Cruise Missiles at Islamic State Weapons in Syria (W)
North Korea Calls U.S. Furor Over Warmbier a ‘Smear Campaign’ (W)
Trump’s Steel-Tariff Threat Faces Resistance From Lawmakers (W)

Industries & companies
Autos: Tesla Explores Possibility of Manufacturing Cars in China (W)
FAAMGs: Facebook Has New Vision Beyond ‘Connecting,’ and It Thinks Groups Are Key (W)
FAAMGs: From Music to Maps, How Apple’s iPhone Changed Business (W)
Financials: Biggest U.S. banks clear first hurdle in Fed’s annual stress tests (R)
Financials: Fed’s Stress Tests Bolster Case for Easing Bank Rules (W)
Health Care: Health Care’s Happy Times Have an Expiration Date (B)
Hotels & Cruise Lines: Ritz-Carlton Is Building the Anti-Cruise Ship (B)
Retail: Bed Bath and Beyond plunges after missing across the board (BI)
Telecom: The New Sticker Shock: Plunging Cellphone Bills (W)

Corporate finance
Bankers Brace for Chill in China Deals Overseas (W)
JPM: There’s a chance Walmart will go head-to-head with Amazon to buy Whole Foods (BI)
Glencore’s Last-Minute Offer Isn’t Making It Easy for Rio Tinto (B)
Takata Bankruptcy Would Cloud Auto Industry’s Biggest Recall (B)

Offbeat
Tips for a Long, Healthy Life from ‘Longevity Village’ (W)

Jun 23 (Friday)

Markets
Senate GOP’s Health Bill Sends Hospitals, Pharma Stocks Higher (B)
A Sudden Burst for Biotech Stocks (W)
Investors Are Staying in Dividend ETFs No Matter What the Fed Says (B)
Pimco’s Ivascyn: Next Inverted Yield Curve May Be Different (B)

Commodities
Oil Gets a Respite After Dropping to Bear Market on Glut Worries (B)
OPEC Has Few Escape Routes From Another Bear Market in Oil (B)
Iron ore is on winning streak that hasn’t been seen in years (BI)

Central banks
Fed’s Bullard Calls Officials’ Projected Rate Path ‘Unnecessarily Aggressive’ (W)
Former Fed Governor Says Central Bank’s Independence Is Limited (W)
Minutes of the Monetary Policy Meeting (BOJ)

US
Jobless Claims Show Tight U.S. Labor Market Even With Increase (B)
Mixed Data on U.S. Consumer Comfort Suggest Restrained Spending (B)
The Nation’s Older Population Is Still Growing, Census Bureau Reports (Census)
Wells Fargo: Millennials Make Greatest Gains in 401(k) Plan Participation

Europe
Macron wins EU fans for Hollande’s unpopular idea (FT)

Emerging
Big China companies targeted over ‘systemic risk’ (FT)
China Probes Some of Its Top Overseas Deal Makers (W)
Trump trade tsar warns against China market status (FT)
First Test for Saudi Arabia’s King-in-Waiting: Fixing the Economy (W)
Young Brazilian politicians push for generational change (FT)

US politics
Senate Unveils GOP Plan to Overhaul Health Law (W)
Here’s How the Senate GOP Plan Would Change Health Care (B)
Senate Bill Tightens Eligibility for Health-Insurance Subsidies (W)
Regulators back Trump on looser financial rules (FT)
Trump Says He Doesn’t Have Tapes of Comey Meetings (W)

Geopolitics
Macron Shifts France’s Stance on Removing Assad From Power (W)

Industries & companies
Airlines: American Airlines CEO ‘Not Happy’ About Qatar Plan to Buy 10% Stake (W)
Autos: Why Tesla’s Not in the S&P 500 (W)
FAAMGs: Where Bezos Leads, Amazon Shareholders Blindly Follow (W)
FAAMGs: Apple Scraps Like an Underdog in Second Biggest Mobile Market (W)
Retail: Target’s Been Talking Food for a Decade. Now Amazon Could Eat Bullseye’s Lunch (B)
Retail: Fashion Sellers Reel as Amazon Aims at Next Retail Target (B)
Tech: Oracle crushes earnings, shares spike 9% (BI)
Tech: Snap is rising after announcing new maps feature (SNAP) (BI)

Corporate finance
Taiwan’s Foxconn Eyes Seven States for $10 Billion Investment (W)

Technology
“The Blockchain Is Going to Revolutionize Central Banking and Monetary Policy”
Aberdeen Says Cryptocurrency Bubble Will Burst Even If Coins Change Finance (B)
Ethereum flash-crashes to $13 before bouncing back to $296 (BI)
Is Your Job About to Disappear? (B)
The World’s Workers Have Bigger Problems Than a Robot Apocalypse (B)

Offbeat
FCC Proposes $120 Million Fine Against Telemarketer (W)

Jun 22 (Thursday)

Stocks
Bulls Are Going All-In on the Biotech Rally (B)
Welcome to the Jungle: an MSCI Trader’s Guide to China’s Stocks (B)
Wall Street got something big from Paul Ryan’s tax cut speech (BI)

Bonds
Bond Market Says “Relax” (B)
High-Yield Carnage Stays Contained for Now (B)
In the New Bond Market, Bigger Is Better (W)

Oil
Oil Plunges Below $45 for the First Time Since November (B)
This is the real reason we’re ‘drowning in oil,’ says Ed Yardeni (MW)
Gas prices are back down to where they were in 2000 (WP)

Funds
The Dirty Little Secret of ETFs Is a Selling Point for This Fund Veteran (B)

Central banks
The case for US monetary inactivity (FT)

US
U.S. Home-Sales Pickup Signals Market Withstanding Weak Supply (B)
U.S. Enjoying Easiest Financial Conditions in Three Years: Chart (B)
The Economy Needs Amazons, but Mostly Has GEs (W)
Opioids Given to Almost 1 in 4 Medicaid Patients, Study Finds (B)

Europe
Italy’s right rehearses for return to centre stage (FT)
Refugees to be jobless for years, German minister warns (FT)

Emerging
China Firms Might Need to Shape Up After MSCI Lays Out Red Carpet (W)
Dynastic Reshuffle Means a More Activist Saudi Arabia (W)
Saudi King Replaces Nephew as Crown Prince, Installs Son (W)
Saudi Aramco’s IPO Plans Buoyed by Royal Reshuffle (W)
Thailand’s Bad Loan Ratio Is Worse Than China’s (B)

US politics
GOP Fends Off Challenge in Georgia House Race (W)
GOP’s Ralph Norman Wins House Seat in South Carolina (W)
The GOP Is as Divided as Ever (B)
Democrats’ loss in Georgia prompts soul-searching (FT)
Trump Administration Makes June ACA Payments (W)
Spicer Shifts to Lower-Key Approach as White House Spokesman (W)

Geopolitics
Trump warns on North Korea ahead of US-China talks (FT)
EU Discussing Role as Broker on North Korea (W)
In Saudi Shakeup, Economics Tops Counterterrorism (B)
Russia Considers Options as U.S. Steps Up Sanctions (W)
Russia Targeted 21 States for Election Hacking, Official Says (W)

Industries & companies
Aerospace: Boeing Beats Airbus in Air-Show Orders for First Time Since 2012 (B)
FAAMGs: Nike to Sell Some Items Directly to Amazon (W)
FAAMGs: Wal-Mart to Vendors: Get Off Amazon’s Cloud (W)
Energy: Texas Is Too Windy and Sunny for Old Energy Companies to Make Money (B)
Health Care: Insurance Startup Oscar Raises Its Bet on Affordable Care Act (W)
Health Care: Anthem, Obamacare Stalwart, Pulls Out of Two More States (B)
Media: CBS Scores Big Increases in Ad Market for Next Season (B)
Retail: Wayfair Founders Turn Six-Year Spending Spree Into $2.74 Billion (B)
Tech: Uber Scrambles for a CEO With Rough Road Ahead (W)

Corporate finance
Buyback outlook darkens for US stocks (FT)
China’s HNA Takes a Page From Private Equity in Deal Spree (W)
Biopharma Outsourcing Is Going Through Deal Bonanza in U.S. (B)
Altice USA Set to Be One of the Biggest IPOs of the Year (W)

Offbeat
Banks to Cut $1.2 Billion in Research Spending, McKinsey Says (B)
Car Buyers Complain About Semiautonomous Features (W)

Jun 21 (Wednesday)

Markets
What Trump-Generated Volatility? The World is Awash in Calm (W)
Falling Energy Stocks Lose Their Influence Over the S&P 500 (B)
Health Care Is the S&P 500’s Unsung Hero (B)
MSCI Could Usher China Markets Into the Big Time (W)
Pension Crisis Won’t Be Reversed by High Returns, Moody’s Says (B)

Oil
Crude Slides Into Bear Market (B)
BANK OF AMERICA: ‘Oil is in a downtrend and risks trending into the $30’s’ (BI)

Credit & currencies
Mnuchin Says Ultra-Long Bond Program Wouldn’t Be a One-Off (B)
Remember the Stunning Dollar Rally in 2014? Now It’s Euro’s Turn (B)

Central banks
Amazon Has at Least One Fed Official Rethinking Inflation (B)
Fed’s Evans Says Rate Rise Could Wait Until December (W)

US
Millennials Are Helping America Save More Money (B)

Europe
Merkel Signals Openness to Eurozone Reform (W)
French Growth Picking Up as Macron Pursues Change (W)

Emerging
The End of an Era for Asia’s Tycoons (W)

US politics
Ryan Talks Up Likelihood of Tax Overhaul (W)
GOP Health Bill Kept Secret From Senators Assigned to Write It (B)
‘I Need More Mexicans’: A Kansas Farmer’s Message to Trump (B)

Geopolitics & trade
Trump Says China’s Efforts on North Korea ‘Have Not Worked Out’ (B)
China Invites Ivanka Trump and Jared Kushner to Visit Beijing (B)
What Are the Odds of a U.S.-China War? (W)
Iraqis Deploy Drones to Target ISIS in Battle for Mosul’s Old City (W)
U.S. Jet Downs Syrian Pro-Regime Drone (W)
Trump’s Steel-Import Threat Prompts EU to Warn of Retaliation (B)

Industries & companies
Airlines: Climbing Down Into Airline Hell, Year by Year (B)
Autos: Ford to Import Next-Generation Focus From China (W)
FAAMGs: Big Prize in Amazon-Whole Foods Deal: Data (W)
FAAMGs: Amazon Turns to Subscription Boxes to Dominate Clothing Market (B)
FAAMGs: The Amazon Approach to Groceries Won’t Replace Stores (B)
FAAMGs: Among the iPhone’s Biggest Transformations: Apple Itself (W)
FAAMGs: Microsoft shares could jump 46% in the next year (BI)
Industrials: GE Tells Boeing It Won’t Join Three-Way Race on 797 Plane Engine (B)
Materials: Rio Tinto snubs Glencore coal assets offer (FT)
Media: The company formerly known as Yahoo begins its life as Altaba today (BI)
Retail: T.J. Maxx Is Bucking the Crisis in Retailing (W)

Offbeat
It’s So Hot in Phoenix Some Planes Can’t Take Off (B)
Rise of Robots: Inside the World’s Fastest Growing Hedge Funds (B)

Jun 20 (Tuesday)

Markets
Meet the ‘Death By Amazon’ Index (W)
U.S. Stocks Climb as Tech Sector Bounces Back (W)
As Tech Rallies, Goldman Says Don’t Bank on FAAMG Stock Returns (B)
Don’t Fight the Flows (W)
Your ETF Isn’t What You Think It Is (W)
Financial Stocks Are Bucking the Yield Curve Signal (W)
Argentina to Sell 100-Year Bonds (W)

Oil & gas
Oil Industry Learns How to Live With Cheap Crude (W)
Shale’s Record Fracklog Could Force Crude Prices Even Lower (B)
U.S. Drillers Are Hammering OPEC’s Plans (B)
As Natural Gas Gains, a Taxed Grid Raises Alarm (W)

Central banks
New Evidence for a Lower New Normal in Interest Rates (FRB-SF)
El-Erian: Markets must grasp Fed is no longer their best friend (FT)

US
GDPNow Forecast for Second Quarter Decreases to 2.9% (FRB-ATL)

Europe
France polls: Macron’s party wins clear parliamentary majority (BBC)
Brexit Talks Begin With Divorce-Bill Disagreement (W)
IMF Wagers Its Credibility in Greek Debt Waiting Game (W)

US politics
White House Weighs New Role for Press Secretary Sean Spicer (B)
Supreme Court to Consider Limits on Gerrymandering (W)
Money is Pouring Into the Georgia House Race — Here’s Where It’s Coming From (W)

Geopolitics
Russia to Target U.S. and Coalition Aircraft Over Syria (W)
U.S. Moves Jets to Ease Syria Tensions Amid Russian Threat (B)
A Cool Explanation of Trump’s Heated Trade Talk (W)
U.S. Beef Is on Table Ahead of China Talks (W)
Merkel Reaches Out to Trump With Pledge to Work for G-20 Unity (B)

Industries & companies
Autos: Tata Group Considers IPO of Luxury Car Unit Jaguar Land Rover (B)
FAAMGs: With Whole Foods in the Cart, Amazon Faces the Hard Part (W)
FAAMGs: Amazon Deal Takes Food Delivery Startups By Storm (W)
FAAMGs: Amazon considers big push into online car sales (FT)
FAAMGs: No One Loves Conglomerates. Unless It’s Amazon. (B)
FAAMGs: The Race Is On to Challenge Google-Facebook ‘Duopoly’ in Digital Advertising (W)
Financials: Citigroup’s Plan to Revive Its Lagging Stock (W)
Financials: Who’s Behind Morgan Stanley’s Bond Trading Turnaround? A Stock Guy (W)
Industrials: GE Tells Boeing It Won’t Share 797 Engines With Arch-Rivals (B)
Media: Disney in China Isn’t Mickey Mouse (B)
Media: Why ‘A Dog’s Purpose’ Soared in China While ‘Lego Batman’ Flopped (W)
Media: Time Warner Signs $100 Million Deal With Snap for Shows and Ads (W)
Pharma: Cholesterol Drugs at $14,000, And an Insurance Tug-of-War (W)
Retail: Kroger Takes a $7 Billion Hit (B)

Offbeat
The best jokes on Twitter about Amazon buying Whole Foods (BI)
The Genius Behind Accounting Shortcut? It Wasn’t Einstein (W)