Frontrunning: July 17

  • Americans Feel Good About the Economy, Not So Good About Trump (BBG)

  • GOP Leaders Brace for CBO Estimate on Revised Health-Care Bill (BBG)

  • From $2 Billion to Zero: A Private-Equity Fund Goes Bust in the Oil Patch (WSJ)

  • Turkey Building Up Army Base in Qatar, Erdogan Adviser Says (BBG)

  • U.S. Companies Have a New 401(k) Fix: Spend More (WSJ)

  • Plastic-Versus-Cash Battle Heats Up After Visa, Mastercard Deals (BBG)

  • China's strong second-quarter GDP growth paves way for deeper reforms (Reuters)

  • China Just Made the Most Steel Ever as Trump Gets Set to Act (BBG)

  • Wanda Deals in Jeopardy as China Scrutiny Mounts (BBG)

  • Not so fast: U.S. restaurant workers seek ban on surprise scheduling (Reuters)

  • China's Economy Charges On as Officials Target the Risk 'Rhino' (BBG)

  • With ‘El Chapo’ Gone, Drug-Related Violence Soars (WSJ)

  • Amazon Food Ambitions Spur Little-Known Stock to Best IPO Return (BBG)

  • There's a Marijuana Frenzy That Could End Very Badly in Canada (BBG)

  • BlackRock Finds Being the of ETFs Is Tough on Revenue (BBG)

  • China June oil refinery throughput close to record (Reuters)

  • The Plan to Make Chip Credit Cards Less Annoying (BBG)

  • Minneapolis mayor demands answers after police kill Australian woman (Reuters)

  • Oil Giants Make a Play For Millennial Hires (BBG)

  • Trian Launches Proxy Fight Against Procter & Gamble (WSJ)

  • El-Erian: Jamie Dimon Is Right to Raise the Alarm (BBG)

  • Secret Service denies vetting Trump Jr. meeting (Reuters)

  • Cerberus’s Remington Debt Fizzles as Trump Cools Firearms Fervor (BBG)


Overnight Media Digest


- A Republican push to pass a sweeping health-care law experienced another setback as Senate leaders said they would delay a vote set for this week, sparking fresh doubts about whether congressional leaders can muster support for a marquee GOP policy priority.

- Investor Nelson Peltz plans to launch a fight for a board seat at Procter & Gamble, in an effort to jolt the consumer-products giant whose sales and profit growth stalled, according to people familiar with the matter.

- A $2 billion private-equity fund that borrowed heavily to buy oil and gas wells before energy prices plunged is now worth essentially nothing, an unusual debacle that is wiping out investments by major pensions, endowments and charitable foundations. EnerVest Ltd, a Houston private-equity firm that focuses on energy investments, manages the fund.

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