July 10 (Wednesday)

Markets
Markets Are Calm, Then Suddenly Go Crazy. Some Investors Think They Know Why. (W)
Investors Shouldn’t Get Used to Good News Hurting Stocks (W)
Government Bond-Market Measure Says Recession Risk Growing (W)
The Bond Rally Is So Wild Investors Are Piling Into Italy’s 50-Year Debt (B)
Traders Are Certain the Fed Will Cut in July, But Unsure What’s Next (B)

Central banks
Powell’s Approach to Interest Rates Wins Bipartisan Backing (W)
Fed chief faces tough task in Congressional testimony: ‘Walking a tightrope over Niagara Falls’ (C)

US
U.S. Job Openings Slipped in May to 7.3 Million (W)
Opinion: Employment is a good — not perfect — indicator of economic growth (MW)
The housing market is about to shift in a bad way for buyers (C)
Homeowners in U.S. Hold Back on Selling as Buyers Get Pickier (B)
Missing Spending Stimulus Weighs On U.S. Growth (W)
No, Americans Are Not Worse Off Today Than They Were in the 1970s

US politics
Biden Earned $15.6 Million in Two Years After Leaving Office (W)

Emerging
Mexico Finance Minister Resigns in Surprise Move; Peso Falls (W)

Geopolitics & trade
U.S., China Tentatively Move to Revive Trade Talks (W)
Lighthizer, Mnuchin spoke with Chinese Vice Premier Liu He on Tuesday (C)
Ross Perot’s Warning of a ‘Giant Sucking Sound’ on Nafta Echoes Today (N)

Industries & companies
Aerospace: Airbus Poised to Overtake Boeing as Biggest Plane Maker (W)
Consumer: PepsiCo Rides New Flavors and More Ads (W)
FAANGs: Big Tech Summoned to Washington for Antitrust Hearing (W)
Financials: Fed Wants to Teach Banks Through Stress Tests, Not Fail Them (W)
Media: ‘Friends’ to Move to HBO Max, WarnerMedia’s Streaming Service (W)
Media: Netflix has now lost two of its most popular shows as old media companies flex their muscle (C)

Corporate finance
Cisco to Buy Acacia Communications for About $2.6 Billion (W)
IBM Closes Its Red Hat Purchase, a Deal With High Stakes for Rometty (W)
Piper Jaffray to Buy Sandler O’Neill for $485 Million (W)

Cryptocurrencies
Facebook’s head of Libra crypto project tells Senate it needs help from governments and regulators (C)