wiar 08-01-19

MFwebsite2020researchWhat I Am Reading

August 01 (Thursday)

Markets
The two words from Jerome Powell that rocked the financial markets (C)
Powell Smashes Yield Curve Flatter by Sowing Doubts on Rate Cuts (B)

Central banks
Federal Reserve Cuts Interest Rates in Bid to Bolster Economy (W)
Fed Chairman Powell says rate move was a ‘midcycle adjustment,’ hinting more cuts not a guarantee (C)
Powell Says Fed Cut Not Start of Long Series, Drawing Trump’s Ire (B)
Trump says Fed Chief Powell ‘let us down’ by not clearly signaling more rate cuts (C)
Wrongfooted by Fed, World’s Few Hawks Now Stuck With Lower Rates (B)
German Opponents of ECB’s Crisis Strategy Make a Last Stand (W)

US
U.S. Private Sector Added 156,000 Jobs in July (W)

Europe
Europe’s Stalling Economy Sounds Alarm for Global Growth (W)
U.K. Allocates Extra $2.6 Billion to Prepare for No-Deal Brexit (B)

US politics
Trump to Sign Medicare Order as Part of Attack on Democrats’ Health-Care Message (W)

Geopolitics & trade
Slow Progress in Trade Talks Is Partly a Result of China’s New Tactic to Wait (W)

Industries & companies
Aerospace: Regulators Found Risk of Emergency After First Boeing MAX Crash (W)
Consumer: High-Tech Diapers Test How Much More Mom and Dad Will Pay (W)
FAANGs: Apple and Fitbit numbers show smartwatches turning into a winner-take-all market (C)
Financials: MetLife, Prudential Report Big Profit Gains (W)
Industrials: GE Posts Quarterly Loss but Raises Forecasts (W)
Media: Networks Sue to Stop Streaming Service Offering Free TV Feeds (W)
Tech: Qualcomm Outlook Weighed Down by Weak Smartphone Demand (B)

Corporate finance
Nordstrom Family Prepares New Proposal to Increase Stake in Retailer (W)

Cybersecurity
FBI Examining Possible Data Breaches Related to Capital One (W)
FTC Says ‘Overwhelming’ Number of Equifax Claims Means Consumers Likely Won’t Get $125 (W)

Offbeat
A-listers flock to Google summit in private jets, mega yachts to talk climate change
New Age Marianne Williamson is breakout winner of Democratic debate (P)