wiar 12-20-19

MFwebsite2020researchWhat I Am Reading

December 20 (Friday)

Markets
S&P 500, Dow, Nasdaq Notch New Records W
Art Cashin’s predictions for 2020, including more wins for stocks C
Heard of bitcoin’s ‘halving’? It’s set to shake crypto markets in 2020 R

Central banks
Fed’s Bullard Sees No Reason Now to Change Rates in 2020
Bank of England Keeps Powder Dry as Brexit Moves Into Next Stage B
Riksbank Hike Ends Subzero Experiment in Global Test Case B

US
Declining Labor Share and U.S. Industries | St. Louis Fed FRB-SL
U.S. weekly jobless claims fall; mid-Atlantic factory activity almost stalls R
Economic Expectations of U.S. Consumers Climb to a One-Year High B
Online returns this holiday season to hit record $41.6 billion C
US home sales tumbled 1.7% in November C
U.S. Companies’ Repatriated Cash Hits $1 Trillion Under Tax Law B

Europe
Cautious UK shoppers send retail sales growth to 19-month low R
Exclusive: The Brits who won’t Brexit R
After Winning Over Blue-Collar Voters, Boris Johnson Lays Out Pledges to Keep Them W

Emerging
Emerging-Market Junk Bonds Sell at Record Pace W
India Temporarily Pulls Plug on Mobile Services in Delhi to Curb Protests W

US politics
Trump has been impeached by the House. Here’s what happens next C
After House Impeaches Trump, Timing of Next Steps Is Unclear W
Pelosi threatens to delay Trump impeachment trial to press McConnell C
Nancy Pelosi won’t commit to sending articles of impeachment to Senate NN
Giuliani Keeps the Hustle Going, Even as Trump Is Impeached B
Split-screen America: Alternate realities on display as House votes to impeach Trump R
Biden holds lead over Warren, Sanders, Buttigieg in 2020 race: NBC-WSJ poll C
Senate Bill Includes Significant Changes to Retirement System W

Geopolitics & trade
China announces new tariff exemptions for US chemical and oil products C
China says in touch with U.S. on signing of Phase 1 trade deal R
Germany closely monitoring Chinese shareholdings in Daimler R
EU Makes Deeper Economic Ties With China a Priority W
EU extends economic sanctions against Russia for six months R

Industries & companies
Consumer: Conagra Tops Sales Expectations W
Energy: Energy stocks (XLE) show signs of life, but don’t buy yet: Trader C
FAANGs: Apple Held Early Talks With Pac-12 Conference, MGM Over TV Service W
FAANGs: Facebook to Advertise in the Super Bowl for the First Time W
Industrials: GM issues two recalls for more than 900,000 new vehicles R
Pharma: Novartis to Offer World’s Most Expensive Drug for Free Via Lottery W
Restaurants: Chipotle is testing a new restaurant design to maximize digital growth C
Tech: EU Legal Opinion on Facebook Case Spells Trouble For Data Transfers W
Tech: Uber Hit With Fresh German Ban W

Corporate finance
Broadcom Looks to Sell Unit That Could Fetch $10 Billion W
Goldman Sachs Is in Talks for Asia Unit to Admit Guilt in 1MDB B
TiVo, Xperi to Combine in All-Stock Deal W

YRI
Daily Markets Overview