wiar 04-26-19

MFwebsite2020researchWhat I Am Reading

April 26 (Friday)

Markets
Dow Industrials Close Lower as 3M Stumbles (W)
China’s Big Earnings Showdown Looms Just as Stocks Begin to Sink (B)

Central banks
Fed Shift Shakes Up World of Speculative Debt (W)

US
Homeownership Rate Drops for First Time in More Than Two Years (W)
U.S. Durable Orders Rose 2.7% in March, Faster Than Expect (W)
What to Watch in the First-Quarter GDP Report (W)
Opinion: Deciphering the economic slowdown: Soft patch? Soft landing? Soft sell? (MW)

China
China Retools Vast Global Building Push Criticized as Bloated and Predatory (N)

Japan
Japan’s Mega ‘Golden Week’ to Cloud View of Sputtering Economy (B)

Geopolitics & trade
U.S. Considers Concessions on Drug Protections in China Talks, Sources Say (B)

Industries & companies
Autos: Ford jumps 8%, as strong demand for its popular trucks in North America boosts first-quarter earnings (C)
FAANGs: Amazon profit doubles to a record high, Prime customers to get free one-day shipping (MW)
FAANGs Amazon’s advertising sales growth is slowing down (C)
Financials: Deutsche Bank and Commerzbank End Merger Talks (W)
Manufacturing: 3M Plans to Cut 2,000 Jobs as Its Sales Fall (W)
Restaurants: Starbucks earnings beat, raises forecast as customers spend more per visit (C)
Restaurants: Starbucks Boosts U.S., China Sales (W)
Tech: Intel stock plummets on disappointing earnings outlook as new CEO describes ‘more cautious’ trend (MW)
Toys: Mattel Sales Dragged Down by Fisher-Price, American Girl (W)

Corporate finance
Uber Aims for an IPO Valuation of as Much as $90 Billion (B)
Slack valued near $17 billion on secondary market ahead of public offering (C)

Offbeat
Millennials Are Becoming a Bulwark Against Canada Housing Bust (B)