Be in the know. 27 key reads for Wednesday…

  1. Steve Roth says offices are like malls. Is that good? (therealdeal)
  2. JPMorgan Sees ‘Very Attractive Valuations’ in China (bloomberg)
  3. US says formally invites new Chinese foreign minister Wang Yi to Washington (reuters)
  4. The U.S. is downgraded. How much does it matter to markets? And the surprise asset that may benefit. (marketwatch)
  5. opinion content. Beijing must start spending to secure China’s economic future (ft)
  6. Ford’s U.S. sales rose nearly 6% in July (cnbc)
  7. BAE Systems shares near fresh high as order backlog hits record amid defense budget boosts (martketwatch)
  8. CVS Stock Rises on Earnings and Revenue Beat (barrons)
  9. Fitch’s U.S. Credit Downgrade Is a Bad Look. Why It’s Not a Disaster. (barrons)
  10. Bank Stocks Could Soon Catch Up. How to Play It. (barrons)
  11. The Memory Chip Nightmare is Nearly Over (wsj)
  12. It Might Be Quitting Time for the Fed’s Rate Hawks (wsj)
  13. A Prominent Wall Street Bear Is Turning More Bullish. That’s How Much Stocks Have Rallied. (barrons)
  14. Wall Street’s Biggest Bull Just Got a Little More Cautious on the Stock Market (barrons)
  15. Opinion: U.S. and Europe are finding that breaking up with China is hard to do (marketwatch)
  16. Starbucks sees a big rebound in China (marketwatch)
  17. Employers Cut Off Access to Weight-Loss Drugs for Workers (wsj)
  18. Miami Sees Its First Population Drop in Decades (wsj)
  19. Why the US Credit Rating Was Cut by Fitch and What It Means (bloomberg)
  20. BofA Joins Fed in Reversing Recession Call Amid Growing Optimism (bloomberg)
  21. Amazon Unveils Biggest Grocery Overhaul Since Buying Whole Foods (bloomberg)
  22. Earnings have been coming in better than expected, says Hightower Advisors’ Stephanie Link (cnbc)
  23. Private sector added 324,000 jobs in July, well above expectations, ADP says (cnbc)
  24. Dan Loeb hails AI as a decade-defining technology like the PC and Internet – and says a severe recession looks unlikely (businessinsider)
  25. Visualizing How S&P 500 Sectors Perform Over The Business Cycle (zerohedge)
  26. Match (MTCH) shares rally 12% on strong results/guidance; BTIG upgrades to Buy on Tinder strength (streetinsider)
  27. BorgWarner’s second-quarter results beat estimates on auto parts demand (reuters)