wiar 01-29-20

MFwebsite2020researchWhat I Am Reading

January 29 (Wednesday)

Markets
U.S. Stocks Rise Amid Global Efforts to Contain Virus W
Dow rallies more than 180 points, rebounding from its worst day since October C
Outbreak Tests Faith in Global Economy W

Credit
Blink and you missed it: the U.S. yield curve inverted again R
Falling Yields Drive Bond Buyers to REIT Stocks W
Green-Bond Trading Is Going Electronic W

Central banks
Fed Faces Decisions on Its Balance Sheet W
In post-repo squeeze twist, Fed may nudge up interest paid to banks R
ECB’s Lagarde extends mandate of top Draghi aide R

US
U.S. business investment weak; consumer confidence at five-month high R
Durable-Goods Orders Rise, Masking Manufacturing Weakness W
U.S. economy on path to ‘solid’ 2020 growth; budget deficits to top $1 trillion R
U.S. National Debt Will Rise to 98% of GDP by 2030, CBO Projects W

Europe
Italy’s 2020 deficit target ‘very easily reachable’: Economy minister R

US politics
Trump impeachment defense wraps up after less than allotted 24 hours C
‘Time for this to end’: Trump team asks for acquittal at impeachment trial R
Trump Team Wraps Up Impeachment Defense With Bolton Testimony in Question B

Virus
China vows to beat ‘devil’ virus as countries rush to evacuate citizens R
Officials See Low Risk of Extensive U.S. Coronavirus Infections W
US health officials fast-track coronavirus vaccine, hope to start clinical trial in three months C

Geopolitics & trade
Trump’s Middle East peace plan calls for two states, with Palestinian capital in east Jerusalem C
U.K. Allows Huawei to Build Parts of 5G Network, Countering White House W

Industries & companies
FAANGs: Apple iPhone sales return to growth, pushing profits above expectations R
Industrials: 3M to Cut More Jobs Amid U.S. Manufacturing Slump W
Restaurants: Starbucks outpaces earnings estimates but warns coronavirus could hit fiscal 2020 C
Tech: Software Giant SAP Shows Signs That Revamp Is Bearing Fruit W

Offbeat
How to Misinform Yourself About the Coronavirus
iPod inventor, Thiel Capital among backers of battery company Advano in new funding C

YRI
Daily Markets Overview