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Dr. Ed's Blog

wiar 10-18-19

MFwebsite2020researchOctober 18, 2019What I Am Reading

October 18 (Friday)

Markets
Stocks Climb on Strong Earnings, Brexit Deal (W)

US
Manufacturing Sputters as Broader U.S. Economy Slows (W)
U.S. Consumers’ Comfort in Buying Climate Climbs to Record High (B)

Europe
EU and U.K. Reach a Brexit Deal, But It Quickly Hits a Snag (B)
EU Shuts Down Talk of Fallback If Deal Defeated: Brexit Update (B)

US politics
Medicare for All Loses Support Amid Lack of Detail on Costs to Voters (W)

Geopolitics & trade
Turkey, U.S. Agree to Brief Cease-Fire to Allow Kurdish Retreat (B)
Trump to Host G-7 at Miami Resort, Sparking Conflict Claims (B)

Industries & companies
Autos: GM deal with UAW includes closing three US plants, $11,000 ‘ratification’ bonuses (C)
Financials: Goldman Sachs CEO Solomon says the bank’s investment in WeWork is still profitable at this time (C)
Logistics: Fred Smith Created FedEx. Now He Has to Reinvent It. (W)

Corporate finance
Saudi Aramco delays planned IPO to allow for earnings update: sources (R)
WeWork could run out of cash by mid-November — here’s what would happen next (C)
Airbnb’s cash numbers could show that it’s not another WeWork in the making (C)

Offbeat
The latest in the brokerage wars: Charles Schwab will allow people to buy fractions of stocks (C)

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