wiar 12-12-19

MFwebsite2020researchWhat I Am Reading

December 12 (Thursday)

Markets
U.S. Stocks Gain After Fed Decision W
China’s Unfazed Yuan Traders Bet Tariffs Won’t Be Hiked B

Central banks
Fed Decision: Interest rates left unchanged, indicates no changes through 2020 C
Fed Chair Powell says he would want to see persistent rise in inflation before hiking rates again C
Parsing the Fed: How the December Statement Changed From October W
Fed Open to Going Beyond T-Bill Buying, But Not at This Stage B

US
Gasoline, rents lift U.S. consumer inflation in November R

Europe
Whoever Wins in Britain’s Election, Big Government Spending Is Back W

US politics
Justice Watchdog Testifies About Disagreement With Attorney General Over Report on FBI’s Russia Probe W
Democrats’ January Plans Scrambled by Likely Impeachment Trial W
Biden Proposes Immigration Overhaul in Shadow of Obama Era B

Geopolitics & trade
Signs Point to China Tariff Delay, but Decision Rests With Trump N
Jamie Dimon Says He Expects U.S.-China Phase-One Trade Deal B

Industries & companies
Aerospace: FAA Review Saw High Risk of Boeing 737 MAX Crashes W
Aerospace: FAA probes Boeing 737 MAX production, ex-manager warns of ‘a factory in chaos’ R
FAANGs: Facebook Rebuffs Barr, Moves Ahead on Messaging Encryption W
Financials: JPMorgan Takes Aim at Rivals in Wealth Business Revamp W
Retail: Home Depot Ties Opioid Crisis to Recent Surge in Store Theft B
Utilities: Northern California Power Outages Could Soar If Aging Lines Aren’t Replaced, PG&E Study Finds W

Corporate finance
Aramco Soars in Debut to Hit Market Value of $1.88 Trillion B
The Wall Street Bankers Who Burst Aramco’s $2 Trillion Bubble B
Chevron is writing down as much as $11 billion worth of assets, and it could cost the entire market C

Technology
Twitter CEO Jack Dorsey has an idealistic vision for the future of social media, and is funding a small team to chase it C

Offbeat
OK Millennials… And Gen X, Too
The Securities and Exchange Commission wants bad guys to know: ‘We’re watching’ C

YRI
Daily Markets Overview