wiar 12-13-19

MFwebsite2020researchWhat I Am Reading

December 13 (Friday)

Markets
S&P 500 jumps to record as US and China get set to finalize ‘phase one’ trade deal (C)
Sterling surges as Boris Johnson’s Conservative Party is projected to win UK election (C)
U.S. 10-Year Yield Makes Sharpest Climb Since 2016 (W)

Central banks
ECB Keeps Rates Steady as Lagarde Makes Debut (W)
Fed’s Lesson: Keep Your Errors Manageable (W)
‘Boneheads’ no more? Fed’s rate cuts appear to defuse Trump’s Twitter rage (R)
New York Fed Again Upsizes Liquidity Plans for Turn of the Year (W)

US
U.S. producer prices tepid; jobless claims at more than two-year high (R)
Americans’ Credit Card Debt Poised to Reach 10-Year High (B)

Europe
British PM Johnson heads for big Brexit election win (R)

China
China Signals More Efforts to Ensure Economic Growth (W)
Chinese Chip Makers Get Biggest State Boost, Report Finds (W)

US politics
U.S. House committee nears vote on impeachment articles against Trump (R)
U.S. Congress negotiators, White House set tentative deal on fiscal 2020 funding (R)
Warren Wealth Tax Would Raise Nearly 30% Less Than Projected, Study Finds (W)

Geopolitics & trade
US reaches a phase one trade deal with China in principle pending Trump’s approval (C)
A U.S. ‘deal in principle’ with China on trade may be more limited than October pledge (R)

Industries & companies
Aerospace: Boeing’s MAX Fixes Not Likely to Get FAA Approval Until February (W)
FAANGs: FTC Weighs Move Against Facebook Over How Its Apps Interact (W)
Media: Your Internet Provider Likely Juiced Its Official Speed Scores (W)
Retail: Costco Sales Continue to Rise (W)
Tech: Lyft announces car rental service; Hertz and Avis shares plunge (C)

Corporate finance
Global Banks Earn Low Fees on Saudi Aramco IPO (W)

Offbeat
Books of 2019

YRI
Daily Markets Overview