wiar 02-07-20

MFwebsite2020researchWhat I Am Reading

February 07 (Friday)

Markets
Dow rises more than 80 points to a record as Wall Street extends winning streak to four days C
China Tariff Relief Boosts Stocks W

Virus
China grows isolated as airlines cancel more than 50,000 flights amid coronavirus epidemic C
Coronavirus: The hit to the global economy will be worse than SARS C
Chinese Doctor Who Warned of Virus in Wuhan Dies, Hospital Says B
Big Economic Reads: Virus Spread Unnerves Global Central Bankers B

Central banks
Fed’s Quarles Calls Current Stance on Interest Rates Appropriate W
Fed includes ‘heightened stress’ in leveraged loans in 2020 bank stress tests R
Senate Democrats ask Fed’s Powell about repo market ahead of hearing R

US
Mnuchin Says U.S. 2020 Growth to Be Less Than 3% Due to Boeing W
US productivity rebounds in fourth quarter as labor costs growth slows C
New U.S. jobless claims fall 15,000 to 202,000 and return close to a 50-year low MW

US politics
Trump Denounces Impeachment, Saying He ‘Went Through Hell’ W
Guilty vote topples Mitt Romney’s old image NN
Top Democrat calls for audit of Iowa caucuses as problems delay final tally R
The Shoestring App Developer Behind the Iowa Caucus Debacle W

Geopolitics & trade
China to halve tariffs on some U.S. imports as coronavirus risks grow R
China to Cut Tariffs on $75 Billion of U.S. Goods W
Companies Find Ways to Bypass Tariffs on Chinese Imports W
Huawei Sues Verizon Over Patents W

Industries & companies
Autos: Tesla passes Apple as No. 1 holding on SoFi as young investors rush into surging stock C
Autos: Fiat Chrysler Thrives on Its North American Business W
FAANGs: Bezos’s Sales of Amazon Stock Reach $3.45 Billion in a Week B
Media: ViacomCBS to launch new streaming service blending CBS All Access with Paramount films, Viacom channels C
Social Media: Pinterest shares surge after earnings beat C
Tech: Uber shares spike as company says it will reach a key profitability goal sooner than expected C

Corporate finance
NYSE Owner Abandons Potential eBay Deal W

YRI
Daily Markets Overview