wiar 07-31-19

MFwebsite2020researchWhat I Am Reading

July 31 (Wednesday)

Markets
Markets Are Eerily Quiet Right Now (W)
Pound Pushed Toward Historic Low as Investors Fret Over Brexit (W)

Central banks
Undeclared Currency War: How ECB Forces Fed’s Hand (W)
The Confusing Federal Reserve (W)

US
Confident Consumers Keep Spending Amid Soft Inflation (W)
Moderate U.S. consumer spending, inflation back Fed rate cut (R)
Mortgage Rates Were Falling Before Fed Signaled Rate Cut (W)
Home-Price Gains Continued to Slow in May (W)
Seven cities see home prices heating up again, but Seattle sinks, according to S&P Case-Shiller (C)

China
China’s Profit Warnings Signal More Gloom for the Economy (B)

US politics
Trump Calls Baltimore Government ‘Corrupt,’ Urges Investigation (W)

Geopolitics & trade
Trump warns China against delaying trade deal as talks resume (R)
Multinational companies are getting clobbered by Trump’s tariffs (C)
Sony Warns of PlayStation Price Rise if U.S. Expands China Tariffs (W)
China Says Majority of Xinjiang Detainees Released, but Activists Doubt Claim (W)
North Korea Fires Multiple Projectiles, South Korea Says (B)
Huawei Shows Resilience in Face of U.S. Blacklisting (W)

Industries & companies
Consumer: P&G Posts Strong Sales Even as It Raises Prices (W)
Consumer: Mondelez Raises Yearly Forecast as Cookies and Chocolate Help Results (W)
Consumer: No more cardboard boxes? 3M invents an ingenious new way to ship products
FAANGs: Apple rises on earnings beat (C)
FAANGs: Apple’s iPhone sales miss estimates, down 12% versus last year (C)
FAANGs: Apple Projects Revenue That Tops Estimates on New iPhone Models (B)
FAANGs: Amazon Pushes Brands to Be Less Boxy (W)
FAANGs: For Facebook and Alphabet, Big-Ticket Fines Cause Limited Pain (W)
Health Care: Big Tech is teaming up with health care companies to make it easier for you to see your health history (C)

Corporate finance
States’ Lawsuit Muddles T-Mobile and Sprint Deal Plans (W)
WeWork is in talks to acquire start-up SpaceIQ as it pushes into software ahead of IPO (C)

Cybersecurity
The Capital One breach is unlike any other major hack, with allegations of a single engineer wreaking havoc (C)
Capital One Breach Casts Shadow Over Cloud Security (W)

Offbeat
Sears Retirees’ Life Insurance Payouts Could Be Just $135 Each (B)
Wealthy Parents Transfer Guardianship of Teens to Get Aid (W)