Be in the know. 20 key reads for Friday…

  1. Disney Stock Is Ready to Rally After a Lost Decade (barrons)
  2. Intel to Lay Off 15% of Workers, Cancel Billions in Projects in Bid for Rebound (wsj)
  3. Intel beats on revenue, slashes foundry investments as CEO says ‘no more blank checks’ (cnbc)
  4. Intel Finally Beats On Revenue, Gives Upbeat Forecast (zerohedge)
  5. Boeing Emerges as a Winner in Trump’s Trade Wars (nytimes)
  6. Wall Street Is Warming to Boeing Stock. How High It Can Go. (barrons)
  7. Chinese investment into Hong Kong surges to record high (ft)
  8. Law Draft Focuses on Overcapacity and Price Wars (chinalastnight)
  9. Chinese e-commerce leaders brush off regulatory risk to continue ‘instant retail’ price war (reuters)
  10. China Budget Gap Hits Record in Spending Blitz to Offset Tariffs (bloomberg)
  11. Trump Is Shifting to Dealmaking Mode on China (wsj)
  12. Goldman’s Asset Arm Says Emerging Markets Catching Only ‘First Wave’ of Flows (bloomberg)
  13. Emerging Markets Are Trouncing U.S. Stocks. This Pro Likes Alibaba, Mercado Libre. (barrons)
  14. “The Pain Trade Remains Higher” – Citadel’s Rubner Warns Of ‘Blow Off Top’ Led By Laggards (zerohedge)
  15. S&P 500’s Humming Profit Engine Can Keep Powering Stocks Rally (bloomberg)
  16. The Fed Hasn’t Seen a Split Like This in 30 Years. Internal Dissent Isn’t Powell’s Only Problem. (barrons)
  17. Trump Puts Pressure on Powell to Cut Rates in Historic Fed Visit (barrons)
  18. Largest U.S. Power Grid Issues “Max Generation Alert” (zerohedge)
  19. U.K. Retailers Get Summer Boost as Drinks Sales Soar (wsj)
  20. LVMH Bounces Back as Some Investors See Bottom of Luxury Slump (bloomberg)