August 26 (Monday)

YRI
Don’t Blame Buybacks for Boosting Stock Prices–Or Promoting Inequality (BR)
Daily Markets Overview

Markets
The Dow’s Week Turned Ugly After Trump Sparred With China and Powell (BR)
Mounting China trade tensions to keep Wall Street on edge and the economy under a cloud (MW)
Stocks Near Highs and Bonds Yields Head to Zero. One Answer: Convertible Bonds. (BR)

Central banks
Central bankers face political shocks, and hope to avoid the worst (R)
Fed’s commitment to act upstaged by Trump’s furor (R)
Fed’s Mester sees downside risk from escalating trade war (R)

Europe
German finance minister backs plans for wealth tax: Handelsblatt

Emerging
Latin America Hangs On to Its Economic Gloom (W)

US-China Trade War
Trump on US-China trade war: ‘I could declare a national emergency’ (C)
Kudlow does not expect China to retaliate against Trump’s latest tariffs despite Beijing’s warning (C)
Trump will raise tariff rates on Chinese goods in response to trade war retaliation (C)
China warns U.S. to stop ‘wrong’ trade actions or face consequences (R)
White House says Trump regrets not raising tariffs on China higher (C)
Trump Gambles That Trade War Will Pay Off in 2020 (W)
Explainer: What tools could Trump use to get U.S. firms to quit China? (R)

Global trade
Trump, Abe say U.S. and Japan have agreed in principle on trade deal (R)
Trump hints at a ‘very big trade deal’ with Britain post Brexit (C)
US-UK trade deal within a year of Brexit will be tight, UK PM Johnson (C)
EU chief Tusk says will ‘respond in kind’ if US imposes tariffs on France over digital tax (C)
Trump says U.S. would tax French wine in response to digital tax (R)

Geopolitics
Hong Kong Protests Force Companies to Choose: Their Employees or China (W)
At G-7, Trump says he is not happy about North Korea missile tests (C)
Britain sends another warship to boost presence in the Gulf (R)
White House blindsided by Iranian Foreign Minister Zarif’s G7 appearance (C)
Exclusive: Iran says it will not negotiate missile work, wants to export more oil (R)
Israel says air strike in Syria sent ‘no immunity’ message to Iran (R)

Industries & companies
Consumer: Nestlé Stock Still Looks Appetizing After Big Gain (BR)
Financials: Bank Stocks Are Slowing. Why JPMorgan Chase, American Express, and Discover Look Good. (BR)
Financials: Deutsche Bank and UBS Explored European Banking Alliance (W)
Media: Disney Enlists Superfans as It Prepares to Face Off Against Netflix (W)
Media: Football and the Future of TV (BR)