- Markets Brace for Fed’s Big Move: The End of Easy Money (WSJ)
- Senate GOP Has 12 Days to Repeal Obamacare and No Room for Error (BBG)
- Senate GOP Considers a Trillion-Dollar-Plus Tax Cut for Budget (WSJ)
- In first speech at U.N., Trump to single out North Korea, Iran (Reuters)
- Trump to Push Nationalist Policy in First U. N. Address (WSJ)
- Trump Will Call for Action on North Korea, Iran in First UN Address (BBG)
- A Guide to the Senate’s Three Health-Care Proposals (WSJ)
- Wall Street’s Bond Gurus Have the Fed’s Balance-Sheet Unwind All Wrong (BBG)
- Maria Regains Category 5 Strength on Path to USVIs and Puerto Rico (BBG)
- Mattis hints at military options on North Korea but offers no details (Reuters)
- Bond King Bill Gross Falls to the Middle of the Pack (BBG)
- Toys ‘R’ Us Seeks Bankruptcy, Crushed by Debt and Online Rivals (BBG)
- China’s Backdoor Real-Estate Bailout (WSJ)
- Equifax Discloses Earlier Cybersecurity Incident (WSJ)
- Brooklyn Seen as Best Bet for NYC to Win New Amazon Headquarters (BBG)
- What If an Irma-Like Hurricane Hit the New York City Metro Area? (BBG)
- The World’s Biggest Sovereign Wealth Fund Hits $1 Trillion (BBG)
- Ex-SAC trader says he forgot facts, seeks to void insider trading plea (Reuters)
- J Coin: Japanese banks' virtual currency without the volatility (Reuters)
- Swiss shut down 'fake' E-Coin in latest cryptocurrency crackdown (Reuters)
Overnight Media Digest
WSJ
- Toys 'R' Us Inc (IPO-TOYS.N), filed for bankruptcy protection late Monday night, undone by a hefty debt load and the rapid shift to online shopping. on.wsj.com/2fi5F6d
- Alphabet Inc's Google on Monday launched its first-ever smartphone app that lets users transfer money to individuals and businesses in the country without the use of a credit or a debit card. on.wsj.com/2fgumjk
- Hurricane Maria barreled into the eastern Caribbean late Monday as a dangerous Category 5 storm, ripping roofs from homes, knocking out electricity on the island of Dominica and threatening others in the region already ravaged by Hurricane Irma. on.wsj.com/2fgRMoZ
- Cisco Systems Inc's executive chairman, John Chambers, is stepping down in December. The company plans to appoint Chief Executive Chuck Robbins as the next chairman. on.wsj.com/2ff4zIr
- Roku Inc said it expects to raise up to $219 million in its initial public offering, as the maker of streaming-media devices set a price range for its planned listing that would value the company between $1.1 billion and $1.3 billion. on.wsj.com/2ffYBXF
- Wisconsin Governor Scott Walker signed a bill Monday that would give Taiwan's Foxconn Technology Group $3 billion in economic incentives to open a mega-plant in the state. on.wsj.com/2fgtziD
- The U.S. has military options available for North Korea that would not put South Korea at grave risk of counterattack, Defense Secretary Jim Mattis said Monday, but he refused to spell out what those are. on.wsj.com/2fgQk62
- Equifax Inc hired cyber security experts to deal with an incident on its corporate networks in March, two months before the massive hack began that it has said led to the potential compromise of personal data belonging to 143 million U.S. consumers. on.wsj.com/2ffLGFu
FT
Activist investor Nelson Peltz has urged in a letter to shareholders to vote him on the Procter & Gamble Co’s board at next month’s annual meeting.
U.S. aircraft maker Boeing Co was warned on Monday that if it presses ahead with a competition case against Bombardier Inc then both Canada and Britain might block future procurement contracts with it.
Rolling Stone co-founder Jann Wenner is selling his controlling stake in the magazine amidst revenue declines and suffered circulation as the publishing industry moves from print to digital.
Cisco Systems Inc said on Monday Chairman John Chambers is going to step down. His departure comes as the company is going through an upheaval in its business caused by the rise of cloud computing.
NYT
- Federal authorities have opened a criminal investigation into the massive data breach at Equifax, which potentially exposed the personal information of up to 143 million Americans, including their Social Security and driver's license numbers. nyti.ms/2fggCVS
- Congressional efforts to repeal the Affordable Care Act sprang back to life on Monday as Senate Republicans pushed for a showdown vote on new legislation that would do away with many of the health law's requirements and bundle its funding into giant block grants to the states. nyti.ms/2xsUsGE
- U.S. President Donald Trump's administration officials, under pressure from the White House to provide a rationale for reducing the number of refugees allowed into the United States next year, rejected a study by the Department of Health and Human Services that found that refugees brought in $63 billion more in government revenues over the past decade than they cost. nyti.ms/2xbwHmS
- Workers at a General Motors assembly plant in Ontario went on strike late Sunday as union leaders reported an impasse in talks to keep Canadian jobs from moving to Mexico. nyti.ms/2ylq1Qz
- Under a federal settlement, the National Collegiate Student Loan Trusts will refund millions to borrowers and temporarily suspend debt collections. nyti.ms/2ff7IYL
Canada
THE GLOBE AND MAIL
** Torxen Resources Ltd, led by former Cenovus Energy Inc Chief Operating Officer John Brannan, is leading a bid to acquire a major Alberta natural gas property from his former employer, a deal that could be worth up to C$600 million ($489 million), sources say. tgam.ca/2hbQlIR
** Mortgage Professionals Canada say tougher borrowing rules proposed by Canada's banking regulator, the Office of the Superintendent of Financial Institutions, could reduce the volume of home sales in Canada by 10-15 percent annually as buyers find it harder to qualify for loans. tgam.ca/2hf4oK4
** The number of women serving on the boards of Toronto Stock Exchange-listed companies edged roughly two percentage points higher in the first half of the year, according to a new report by law firm Osler Hoskin & Harcourt LLP. tgam.ca/2hcvHIE
NATIONAL POST
** The Fraser Institute said in a report released on Tuesday that Ontario's plan to increase the province's minimum wage to C$15 per hour by 2019 could increase the chance that less skilled workers, especially young people, will be "priced out" of a tougher labour market. bit.ly/2heHBOA
** The Ontario plant where about 2,800 General Motors of Canada Co auto workers decide to strike Sunday is "the poster child for what's wrong with NAFTA", the union president of Unifor Local 88 Dan Borthwick said after negotiators failed to reach a tentative agreement. bit.ly/2hfQuaz
Britain
The Times
-Theresa May has summoned ministers to a special cabinet meeting at which she will seek to bind Boris Johnson to her vision of Brexit on the eve of a key speech this week. bit.ly/2w4RPHs
-The alleged Parsons Green attacker may have built his bomb in a shed at the bottom of the back garden of his Surrey foster home, police have said. bit.ly/2f6HRPe
The Guardian
-The government needs to step in to help tackle the mountain of debt being racked up by consumers in Britain, the chief financial regulator has warned, as new data shows that personal debt burdens are continuing to rise. bit.ly/2w3ln8z
-Chris Geoghegan, father of the Bell Pottinger executive at the centre of the South Africa scandal that brought down the City PR firm, has resigned from his role as a board member of London-listed pest control and hygiene firm Rentokil Initial Plc .
The Telegraph
-The row over state subsidies for Canadian planemaker Bombardier Inc topped talks between Theresa May and Justin Trudeau, with the British and Canadian prime ministers vowing to fight to protect jobs in their countries. bit.ly/2w3wlLj
-Ryanair could have to fork out 20 million euros ($23.92 million) in compensation as it moved to cancel the flights of roughly 400,000 passengers after admitting to "messing up" the allocation of holiday to its pilots. bit.ly/2f6DBz2
Sky News
-British holiday carrier Monarch Airlines is working with KPMG on options for the sale or restructuring of its short-haul business through a joint venture or feeder deal with another airline. bit.ly/2w4SiJI
-The entrepreneurs who founded TransferWise, Taavet Hinrikus and Kirsto Kaarmann, are poised to land windfalls worth millions of pounds by selling their first shares in the company they founded six years ago. bit.ly/2w4jqbJ
The Independent
-Uber will have to pay 2.9 million pounds ($3.92 million) over the next five years to operate in London, under a new licensing fee structure due to be introduced by Transport for London this week. ind.pn/2w3wxu1
-Michael Kors Holdings Ltd is set to complete its proposed 900 million pounds ($1.22 billion) takeover of Jimmy Choo Plc after more than 98 percent of shareholders of the luxury shoemaker backed the bid at a meeting. ind.pn/2f7rQIO
