Wednesday, June 26, 2019

Wednesday Afternoon Links

[Reuters] S&P 500 dips as healthcare declines counter tech gains

[Bloomberg] Oil Reaches 5-Week High on Biggest Drop in Stockpiles Since 2016

[Reuters] Trump says trade deal 'possible' with China's Xi, tariffs could be lower

[AP] Trump: China needs to reach a trade deal more than he does

[Reuters] Trump says he can fire Fed's Powell; it's not that simple

[AP] Trump says he ‘made’ Fed Chairman Powell

[CNBC] There’s something wrong with this rally in the stock market, JP Morgan says

[Bloomberg] Trump Says Fed Should Have Draghi as Chief Instead of Powell

Wednesday News Links

[Reuters] Global stocks gain as trade talk hopes rise, rate-cut pressure ebbs

[MarketWatch] U.S. trade deficit in goods widens 5.1% to $74.5 billion in May

[AP] US durable goods orders fall 1.3% in May with aircraft down

[Reuters] Trump says he would impose additional tariffs on China: Fox Business

[CNBC] Mnuchin: ‘We were about 90% of the way’ on China trade deal and there’s a ‘path to complete this’

[CNBC] Stephen Moore says the US-China trade war will be an epic battle that lasts ’10 or 15 years’

[The Hill] Trump says Google, Facebook should be sued over bias allegations

[Reuters] Masters of what universe? Central bankers in a bind as G20 bickers over trade

[Reuters] More than half Chinese consumers shun U.S. goods due to trade war: survey

[Reuters] U.S. mortgage applications rise as loan rates fall: MBA

[Reuters] North Korea says U.S. extension of sanctions 'a hostile act': KCNA

[Reuters] Trump committed to campaign to oust Venezuela's Maduro: U.S. envoy

[CNBC] The trade war is weighing on Chinese home buying in the US

[Bloomberg] U.S. Set to Delay More China Tariffs Ahead of Trump-Xi Meeting

[Bloomberg] Draghi Tests Legal Limits Again With Claim of QE Flexibility

[Bloomberg] Bond Bulls Near First-Half Record With $72 Billion ETF Inflows

[Bloomberg] China Trimming U.S. Debt Comes Home to Roost in Swap Spreads

[Bloomberg] China’s Economy Shows Modest Improvement in 2Q, Beige Book Says

[Bloomberg] For China, Kicking a $9 Trillion Habit Is Tough Work

[Bloomberg] Natixis's H20 Funds Hemorrhage $6.4 Billion as Crisis Deepens

[NYT] Fed Chair Powell Weighs Whether Cut Will Be Needed as Risks Loom

[WSJ] Hopes for Resolving U.S.-China Trade Fight Hinge on Trump and Xi

[WSJ] Powell Says Fed Won’t Bend to Political Pressure

[WSJ] Push to Overhaul Fannie, Freddie Nudges Up Mortgage Costs

[WSJ] Japan’s Banks Pinched by Zero-Yield Experiment

[FT] Why are central banks fixated on inflation expectations?

[FT] Europe on alert as unprecedented heatwave approaches