Wednesday, August 21, 2019

Wednesday Evening Links

[Reuters] Wall Street rises as Target, Lowe's results point to consumer confidence

[Reuters] Treasuries - Yields rise after Fed minutes, Powell speech in focus

[Reuters] Fed was divided on rate cut, wanted to avoid appearing on path for more cuts

[AP] Fed officials widely divided on rates at July meeting

[CNBC] CBO expects deficit to grow more than projected, warns that tariff hikes could harm growth

[WashingtonTimes] Trump-Pelosi budget deal sends deficit soaring

[Reuters] Trump heaps pressure on Fed and its chairman Powell to cut rates

[Reuters] Trump: 'I am the chosen one' to fix U.S. trade imbalance with China

[Reuters] First-time U.S. home buyers face supply struggle as rates fall

[Reuters] Shock in Denmark after Trump, spurned over Greenland, cancels visit

[AP] Economic twilight zone: Bonds that charge you for lending

[Reuters] Hong Kong protesters clash with police, angry at lack of prosecutions after subway mob attack

[WSJ] In Reversal, Trump Says He Is No Longer Considering Tax Cuts

[WSJ] Federal Deficits to Grow More Than Expected Over Next Decade, CBO Says

[WSJ] China Threatens Sanctions Over Planned U.S. Sale of Jet Fighters to Taiwan

[FT] Falling cost of debt piles pressure on governments to spend more

Wednesday's News Links

[Reuters] Stocks gain on upbeat Target, Lowe's earnings; Fed minutes eyed

[Reuters] European stocks recover before Fed minutes, Jackson Hole gathering

[Reuters] Oil up over 1%, buoyed by U.S. stock drawdown

[Reuters] U.S. existing home sales rise, boosted by lower interest rates

[Politico] Trump team braces GOP donors for a potential ‘moderate and short’ recession

[Reuters] Trump says he had to 'take China on,' regardless of short-term impact on U.S. economy

[CNBC] Trump says the Fed is the ‘only problem’ with economy, calls Powell ‘a golfer who can’t putt’

[CNBC] Surge in corporate debt with negative yields poses risk ‘unlike anything’ investors have ever seen

[AP] Trump acknowledges China policies may mean US economic pain

[AP] Beijing appeals to US to ‘meet China halfway’ on trade

[Reuters] U.S. home refinancing activity hits three-year high: MBA

[Reuters] Merkel aims to work out friction-free Brexit with British PM

[Reuters] Germany sells new 30-year bond with negative yield, a first

[Reuters] Bond yields a one-way bet? Loosening Europe's purse strings will end trend

[Reuters] State Department approves possible $8 billion fighter jet sale to Taiwan: Pentagon

[Reuters] Japanese report to say North Korea has miniaturized nuclear warheads: newspaper

[Reuters] U.S. commander says cracks in Asian alliances a worry amid North Korea, China threats

[Bloomberg] Fed’s Daly Says She Doesn’t See a U.S. Recession on the Horizon

[Bloomberg] Luxury Homebuilder's Woes Show Mounting Fears of U.S. Slowdown

[Bloomberg] China Threatens Retaliation Over U.S. Arms Sale to Taiwan

[Bloomberg] Hong Kong Protests Enter Crucial Period Before China’s Big Anniversary

[Bloomberg] Bavaria’s Leader Wants Germany to Outlaw Negative Rates

[WSJ] Fed Minutes to Show Extent of Committee Divisions on Last Month’s Rate Cut

[WSJ] Slowing Share Buybacks Remove a Pillar of Stock Market

[WSJ] Mortgage Market Reopens to Risky Borrowers

[WSJ] America’s Priciest Listing Sells at Foreclosure Auction

[WSJ] The Trouble With Rate Cuts in China

[WSJ] The Great Student-Loan Scam

[FT] Central bankers seek fresh policy tools to combat slowdown

[FT] Rip-roaring bond rally revives talk of ‘widow-maker’ trade