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Dr. Ed's Blog

wiar 04-23-19

MFwebsite2020researchApril 23, 2019What I Am Reading

April 23 (Tuesday)

Markets
Wall Street near flat in quiet session ahead of earnings wave (R)

Central banks
Cain withdraws from Fed consideration, citing lower pay, influence (R)
As Herman Cain Bows Out of Fed Contention, Focus Shifts to Stephen Moore (N)

US
Sales of the cheapest and swankiest homes are tanking, but for very different reasons (C)
U.S. home sales tumble as supply constraints linger (R)
Social Security Costs to Exceed Income in 2020, Trustees Say (W)

China
China’s Belt and Road Is Getting a Reboot to Clean Up Its Image (B)

US politics
Sorry, Democrats: You can’t hide your socialist stars (P)

Geopolitics & trade
North Korea confirms leader Kim Jong Un to visit Russia for summit with Putin (R)

Industries & companies
Autos: Top auto executives are privately very worried about the state of auto sales (C)
Autos: Tesla unveils ‘best in the world’ chip for self-driving cars, promises robo-taxi fleet (MW)
Consumer: California soda tax bill shelved, in reprieve for beverage industry (C)
FAANGs: Everyone is bullish on Amazon — what that might mean for investors ahead of earnings (MW)
Utilities: PG&E seeks higher cost of capital on increased wildfire risk (R)

Offbeat
5 things that reveal how cheap rich people are (MW)
The Case Against Early Retirement (W)

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