wiar 11-16-19

MFwebsite2020researchWhat I Am Reading

November 16 (Saturday)

YRI
Exposing the Big Lie About Stock Buybacks  (video)
Daily Markets Overview

Markets
Dow jumps more than 200 points to 28,000, posts 4-week winning streak C

Central banks
Fed Warns Prolonged Low Interest Rates Could Spark Instability B
New York Fed’s Williams Backs Keeping Rates Steady W

US
U.S. Retail Sales Rebounded in October W
U.S. to begin second round of trade aid payments for farmers next week R

Emerging
Chile’s stock market jumps on plans to dump dictatorship-era constitution R
Brazil’s Reform Agenda Is Moving Forward, House Speaker Says B
Bolivia kicks out Cubans, Venezuelans for allegedly fueling unrest R

US politics
Trump asks Supreme Court to block another subpoena for his tax returns — this one is from Congress C
Trump criticizes Roger Stone guilty verdict, suggests Hillary Clinton and Robert Mueller should be prosecuted C
Alexandria Ocasio-Cortez Plans Bill to Boost Top Individual Tax Rate to 59% B
Elizabeth Warren’s Tax Plan Would Bring Rates Over 100% for Some W

Impeachment
The first week of public impeachment hearings just wrapped up. Here are the main takeaways C
Pelosi says Trump has admitted to bribery as impeachment probe intensifies R

Geopolitics & trade
The 11-Year-Old Dissident: Hong Kong’s Schoolchildren Fuel Protests W

Industries & companies
Aerospace: U.S. FAA regulator head tells team to ‘take whatever time needed’ on 737 MAX R
Autos: California Sues Trump EPA in Fight Over Green Auto Rules B
FAANGs: Amazon adds new ‘Amazon Pharmacy’ branding to PillPack and promotes its CEO C
FAANGs: Amazon challenges Pentagon’s $10-billion cloud award to Microsoft R
FAANGs: Google will no longer hold weekly all-hands meetings amid growing workplace tensions C
Pharma: Oklahoma judge reduces Johnson & Johnson opioid payout to $465 million R
Tech: Building a Lithium-Ion Battery That Won’t Explode B

Corporate finance
Bristol-Myers Squibb wins antitrust approval to buy Celgene, but must divest psoriasis drug R

Offbeat
Warren Buffett has been on a bit of a cold streak, but that might be over as bank stocks rebound C
U.S. lawmakers agree on bill to fight ‘robocall epidemic’ R