What I Am Reading

November 17 (Wednesday) YRI Daily Markets Overview See subscribers’ link below for today’s Morning Briefing. Replay of Dr. Ed’s webinar on November 15. Markets Stocks Edge Higher as Retail Sales Grow | W Retail boost helps lift S&P 500 | R Asian shares tick up on China property relief, focus shifts to Sino-U.S. talks | R Natural-Gas Prices Jump as Germany Pauses Certification of Russian Pipeline | W US U.S. retail sales surge as Americans kick off holiday shopping, brighten economic outlook | R Retail Sales Rose by 1.7% in October Despite High Inflation | W Biden Hits Road to Promote Infrastructure Law as Democrats Debate Spending Plans | W What will your raise look like in 2022? There’s good news and bad news | NN As Port of Los Angeles import backups ease, empty containers pile up | R Fannie Mae, Freddie Mac to Back Home Loans of Nearly $1 Million as Prices Soar | W Emerging The Case of Evergrande: Is There a Housing Bubble in China? | AIER India, China, BRICs: How Top Emerging Economies Fared Over 20 Years | B Geopolitics & trade Biden, Xi Cool Down Hostilities in Virtual Meeting | W Biden, Xi Open to Nuclear-Arms Talks, White House Says | W Secretive Chinese Committee Draws Up List to Replace U.S. Tech | B Afghanistan’s Shiite Minority Cautiously Embraces Taliban Rule, Seeking Protection | W Industries & companies Financials: Analysis: Banks that helped GE, others bulk up now profit from break-ups | R Pharma: Pfizer Submits Covid-19 Pill for FDA Authorization | W Retail: Walmart Is Already Planning for a Post-Inflation World | B Retail: Walmart Raises Forecast and Says Shelves Are Stocked for Holiday Shoppers | W Retail: Home Depot Sales Rise, Continuing Pandemic Streak | W Virus Covid-19 Boosters Become Available to All Adults Across Several States, Cities | W Covid Vaccine Booster Shots Should Be Available to Everybody | B Beyond markets The Worst of Both Worlds: Zooming From the Office | N

November 16 (Tuesday) YRI Daily Markets Overview See subscribers’ link below for today’s Morning Briefing. Replay of Dr. Ed’s webinar on November 15. Markets Inflation Surge Pushes Gold to Five-Month High | W Rising Natural-Gas Prices Pose Hurdle for Methane Tax | W Muni Bond Prices Rally After Infrastructure Bill Leaves Out Market | W Central banks Barkin says Fed needs ‘a few more months’ to see clear picture of inflation, labor market | R Analysis: Post recovery? Fed, elected officials now challenged to define new normal | R Biden’s Fed Chair Pick Is ‘Imminent,’ Senate Banking Chair Sherrod Brown Says | B Biden Weighs Choice of Jerome Powell or Lael Brainard as Fed Chair | W Climate 50 years of predictions that the climate apocalypse is nigh | P Opinion | Social Media Is Polluted With Climate Denialism | N US Biden signs $1 trillion bipartisan infrastructure bill into law | C U.S. labor market powers ahead with strong job gains, lower unemployment rate | R The Great Resignation is mobilizing workers to quit or make jobs better | Vox Slow Return of Prime-Age Workers Threatens Recovery | W America’s Infrastructure Struggles With New Weather Forecast | W Tyson Foods Raises Meat Prices as Costs Escalate | W Japan Japan’s Economy Shrinks, but Outlook Is Brighter as Virus Ebbs | N China China Posts Robust Growth in Factory Output and Consumer Spending | W Geopolitics & trade Biden, Xi Hold Talks, Aiming to Ease Tension and Build on Cooperation | W Wall Street Is Finally Getting Access to China. But for How Long? | N China Bought Italian Military-Drone Maker Without Authorities’ Knowledge | W Industries & companies Autos: Shares of EV start-up Lucid jump on new reservations, 2022 production | C Communication Services: The real reason Facebook just went “all in” on the metaverse | riskhedge.com Retail: Factory shutdowns in Vietnam to have longer impact for retailers: BofA | C Technology Companies Order Record Number of Robots Amid Labor Shortage | W Virus Biden vaccine mandate: Chamber of Commerce tells businesses to implement | C

November 15 (Monday) YRI Daily Markets Overview See subscribers’ link below for today’s Morning Briefing. Replay of Dr. Ed’s webinar on November 8. Markets Dividends and Stock Buybacks Are Headed Higher | BR U.S. Companies Face New Risks in China. What Investors Need to Know. | BR Climate Moody’s CEO: The Climate Transition Is a $45 Trillion Opportunity | BR Analysis: COP26 message to business: clean up to cash in | R China, India will have to explain themselves on coal: COP26 president | C Britain drafts COP26 plan to make sure promised climate cash arrives | R COP26: Global media reacts to climate change deal | C Central banks Fed’s Worry on Inflation: Don’t Tighten Too Fast, Kashkari Says | B Morgan Stanley Economists See 2023 Fed Hike, Differ With Gorman | B On Inflation Surge, the Fed is Running Out of Excuses | W Global shortages Supermarkets Alter Layouts, Use Decoys to Fill Gaps Left by Shortages | W Chip Shortage Has Manufacturers Turning to Lower-Tech Models | W Japan Plans to Boost Support to Ease Chip Shortage, Yomiuri Says | B ‘Too Few Goods’—the Simple Explanation for October’s Elevated Inflation Rates US I A three-decade high in inflation sows concerns about America’s recovery | E High Inflation Pushes Biden to Focus Message on Rising Prices | W Biden advisers say pandemic, not policies, fueling inflation | R Yellen Says Quashing Covid-19 Is Key to Lowering Inflation | B As American Workers Leave Jobs in Record Numbers, a Closer Look at Who Is Quitting | W US II Democrats Try to Heal Rifts, Pass $2 Trillion Spending Bill | W Centrist Democrats Await Cost Analysis on $2 Trillion Bill | W 8 big problems with Joe Biden’s ‘Build Back Better’ bill (nypost.com) Europe Euro zone industry output stronger than expected in Sept | R How trains could replace planes in Europe | E Emerging What’s Driving Xi Jinping’s Economic Revamp? China’s Social Mobility Has Stalled | W Evergrande is not the only looming danger in China’s financial system | E China attempts to clean up its sleaziest regional banks | E China’s Coal Addiction Runs Deeper Than Economics | W Inflation Is Killing the Dollar Carry Trade in Emerging Markets | B Russia’s new era of repression | E Japan Japan considering resuming domestic travel subsidies mid-Jan – Nikkei | R   Industries & companies Aerospace: Airbus receives order for 255 jets in first major deal since Covid outbreak | C Media: Disney’s ‘Eternals’ tops domestic box office for second weekend | C Pharma: Pfizer Shows Its R&D Is Strong. That Makes Its Stock a Good Long-Term Bet. | BR Retail: Macy’s, Abercrombie, Simon Property, and Other Stocks for the Shopping Mall Revival | BR Shipping: Ports Are Congested. Shipping Companies Maersk and Hapag-Lloyd Are Thriving. | BR Tech: Apple sticking taxpayers with part of the bill for digital ID rollout | C Crypto Bitcoin taproot upgrade: What it means for investors | C Virus This Thanksgiving, the Masks Are Off, the Dinner’s Inside and the Relatives Are Back | W Covid-19 Cases Rise in Pockets of North and West, Halting Delta Variant’s Decline in U.S. | W Eastern European countries are being hit by a wave of covid deaths | E We’re preparing for a fourth wave of Covid from Europe: Emirates president | C China will stick to a zero-covid policy, for now | E

November 13 (Saturday) YRI Daily Markets Overview See subscribers’ link below for today’s Morning Briefing. Replay of Dr. Ed’s webinar on November 8. Markets Dow rises more than 170 points and Nasdaq rallies, but snap 5-week win streak | C Stocks Rise but Snap Weekly Winning Streak | W Stocks Week In Review: Inflation Shocker Brushed Off | B Climate COP26 Talks Continue With Deal Still Elusive | W Central banks Bank of England to be first major bank to hike rates, probably in December – economists polled by Reuters | R   US Record Quitting Fuels Tight Job Market | W Workers quit jobs in record numbers as consumer sentiment hits 10-year low | C Renters Who Abandoned Their City Apartments During Covid Are Coming Home to a Crazy Leasing Market | W Europe Euro zone industry output stronger than expected in Sept | R Geopolitics & trade U.S. Moves to Ease Tariffs on Imported Steel, Aluminum From Japan | W U.S. Companies Aid China’s Bid for Chip Dominance Despite Security Concerns | W Industries & companies Autos: Tesla stock had its worst week in 20 months after Musk sold shares | C Communication services: Facebook is spending billions to buy up the metaverse | Vox Communication Services: Facebook Is Stifling Independent Report on Its Impact in India, Human Rights Groups Say | W Materials: Materials sector breaks out to records — watch these two stocks | C Real Estate: Will Real Estate Ever Be Normal Again? | N Corporate finance Johnson & Johnson to Split Consumer From Pharmaceutical, Medical-Device Businesses, Creating Two Companies | W J&J plans to split into two companies, separating consumer products and pharmaceutical businesses | C

November 12 (Friday) YRI Daily Markets Overview See subscribers’ link below for today’s Morning Briefing. Replay of Dr. Ed’s webinar on November 8. Markets S&P 500, Nasdaq Regain Ground a Day After Inflation Readout | W China Borrows Again at Negative Rates in Euros | W Climate & energy EU sees scope for COP26 compromise on elusive carbon market deal | R COP26: U.S.-China declaration on climate welcomed | C South Africa Can’t Afford to Quit Coal. Will Rich Countries Pay for the Transition? | W Energy Companies Turn to 3-D Printing to Bypass Snarled Supply Chains | W Central banks Why Jerome Powell Must Go by Joseph E. Stiglitz | Project Syndicate US Surging Inflation Poses New Challenge to Biden’s $2 Trillion Spending Plan | W Biden Says Spending Bill Will Slow Inflation. But When? | N Dream of Buying a Home Gets Harder for Single Mothers | N There is no truck driver shortage in the US | Quartz China Alibaba’s ‘Singles Day’ in China Hit by Global Supply Strains | W China’s Economic Data Expected to Show Further Signs of Weakness | B China’s Xi Gains Power as Communist Party Designates Him Historical Figure | W Europe EU Commission raises 2021 euro zone growth forecast, sees strong 2022 | R Industries & companies Industrials: GE Was Once a Model for Siemens but Now Follows Its Rival’s Path | W Media: Disney stock has worst day since June 2020. Traders on its next move | C Geopolitics & trade U.S. Warning Europe That Russia May Invade Ukraine | B Corporate finance Rivian founder R.J. Scaringe is worth $2.2 billion after company’s IPO | C Virus Virginia pharmacy incorrectly administers Covid vaccine to 112 kids, officials pull remaining doses | C Moderna says Covid vaccine has fewer breakthrough cases than Pfizer’s | C

November 11 (Thursday) YRI Daily Markets Overview See subscribers’ link below for today’s Morning Briefing. Replay of Dr. Ed’s webinar on November 8. Markets Stocks Close Lower, Bond Yields Rise After Inflation Hits 30-Year High | W Broad Selloff Signals Inflation Fears Are Warming |W Climate & energy U.S., China Jointly Pledge to Step Up Efforts to Fight Climate Change at COP26 | W Surprise U.S.-China Climate Deal Breaks Through Superpower Standoff | B The Climate Fight Isn’t About Morality. It’s About Cold, Hard Cash. | N 2022 will be a record year for wind and solar, new report finds | C Central banks Powell or Brainard? Biden weighs his pick for U.S. Fed chair | R A still-dovish Fed raises the risk of stagflation lite | The Hill EU Forecast Sees Euro-Area Inflation Settling at 2.2% in 2022 | B All ECB Bond Purchases Could End Next Fall, Holzmann Says | B US I U.S. consumer prices jump 6.2% in October, the biggest inflation surge in more than 30 years | C Surging gasoline, food prices fan U.S. inflation | R Where Inflation Is Highest in U.S. | W Inflation has taken away all the wage gains for workers and then some | C The best Thanksgiving turkey might be the one you can get.| Vox US II Biden, Conceding Inflation Peril, Says His Agenda’s Part of Cure | B Biden pledges to battle ‘too high’ prices as inflation surges | R Biden says CEOs tell him shelves will be full for holidays | R Biden to sign $1 trillion infrastructure bill on Monday | R Opendoor thrives in home-flipping market Zillow just exited as earnings beat estimates | C China China’s Tougher Regulation Is the New Normal, Tencent President Says | W China’s Plan to Manage Evergrande: Take It Apart, Slowly |W Evergrande Set to Avoid Default After Paying Overdue Interest | B Industries & companies Media: Disney makes the trend clear: Growth is slowing for streaming services | C Corporate finance Hershey Plans to Spend $1.2 Billion in Deals for Pretzel Producers | W Virus California Scrutinizes Doctors as Parents Seek Exemptions From School Covid-19 Vaccine Mandate | W

November 10 (Wednesday) YRI Daily Markets Overview See subscribers’ link below for today’s Morning Briefing. Replay of Dr. Ed’s webinar on November 8. Markets Stocks’ Slide Ends Eight-Day Winning Streak for S&P 500 | W Bond Market Flashes Mixed Messages as Real Yields Sink Deeper | B Private equity industry asks how long the boom will last | R Central banks Fed doves look to midsummer for clarity on economy | R Federal Reserve: James Bullard expects two rate hikes next year | C US Senate Set to Cut Provisions in House Democrats’ $2 Trillion Spending Plan | W Supply chain fix: Biden administration to spend billions on aging US ports | C How Cities Could Spend $1 Trillion on Infrastructure: Roads, Trains and Highway Exits | W US household debt climbed to a new record of $15.24 trillion last quarter | NN U.S. Treasury’s Yellen says investment bills will boost productivity, labor force | R Yellen Says Fed Wouldn’t Allow Repeat of 1970s-Level Inflation | B Biden talks to Walmart, UPS, Target, other CEOs on supply issues | R China China’s factory gate inflation hits 26-year high as pressures grow | R Investors await Evergrande’s overdue $148 million payment amid contagion fears | R Why China’s Real Estate Slowdown Isn’t Like Japan’s | B   Industries & companies Autos: Own Tesla Stock? Be Like Elon Musk and Sell | W Communication services: Facebook Allows Stolen Content to Flourish, Its Researchers Warned | W Media: AMC’s profitability hangs on the domestic box office topping $2 billion in Q4 | C Pharma: Pfizer asks FDA to authorize Covid booster shots for all adults | C Tech: Big Tech Seeks Its Next Fortune in the Metaverse | W Tech: Semiconductor Industry Isn’t Spending Big on Scarce Old-Tech Chips | W Technology Robotruck Startup Gatik Making Delivery Runs For Walmart Without Humans At The Wheel | FO Corporate finance Rivian prices IPO at $78 a share, valuing company at $66.5 billion | C Virus NIH director urges Americans to get Covid boosters to prevent breakthrough infections | C Beyond markets Elon Musk, Tesla, SpaceX spend millions to influence politics and policy | C

November 09 (Tuesday) YRI Daily Markets Overview See subscribers’ link below for today’s Morning Briefing. Replay of Dr. Ed’s webinar on November 8. Markets Investors are piling into infrastructure stocks after House passes Biden plan | C Chinese Junk Bond Yields Top 25% as Property-Market Strains Intensify | W   Central banks Fed officials turn focus to rate debate, eye on jobs, inflation | R Analysis: Flatlining participation, rising wages leave Fed employment puzzle unresolved | R Fed Says U.S. Public Health Among Biggest Near-Term Risks to Financial System | W Randal Quarles to resign at year-end, paving way for Biden to further remake the Federal Reserve | C US U.S. consumers’ income and spending expectations reach 8-year high | R Americans Are Flush With Cash and Jobs. They Also Think the Economy Is Awful. | N Six questions that could shape the future of the U.S. labor market | R Infrastructure Projects to Boost Sales and Prices, Industry Executives Say | W Some Companies Sit Out the Fight Over Democrats’ Tax Increases | W Europe Germany’s Economy, Once Europe’s Engine, Is Holding It Back | W China China property market may see more pain, though Evergrande crisis may ease | C How Xi Jinping Will Mousetrap the Red Chinese Central Committee | nysun.com Industries & companies Autos: Tesla Stock Price Slides After Musk Promises on Twitter to Sell $21 Billion Stake | W Corporate finance SoftBank Suffers $54 Billion Bruise From China’s Tech Crackdown | W Virus U.S. Opens Borders to Vaccinated Europeans, Others, After More Than 18 Months | W Biden vaccine mandate: White House tells business to go ahead despite court pause | C Regeneron’s Antibody Drug Cut Risk of Covid-19 by 82%, Company Says | W U.S. judge rules that United’s employee vaccine mandate can continue | C Crypto Bitcoin in New York: Eric Adams says crypto should be taught in school | C

November 08 (Monday) YRI Daily Markets Overview See subscribers’ link below for today’s Morning Briefing. Replay of Dr. Ed’s webinar on November 1. Only the Wealthy Have Prospered in America? That Isn’t True. | BR This is going to be one of the best Christmas seasons ever: Ed Yardeni | C Markets Why the taper will be good for the stock market, according to history | C Government-Bond Swings Burn Wall Street Investors | W Central banks Fed’s Powell and Brainard Met With Biden at White House | W Climate & energy COP26 Negotiators Turn to Plan B as Climate Pledges Fall Short | W India’s toxic air is its most immediate environmental problem | E How might climate change affect European gastronomy? | E Supply-chains Companies Grapple With Post-Pandemic Inventories Dilemma | W Stockouts Are Piling Up. Retailers Push Substitutes to Avoid Empty Holiday Carts. | W What’s Harder to Find Than Microchips? The Equipment That Makes Them | W The Economic Rebound From Covid-19 Was Easy. Now Comes the Hard Part. | W US I The Jobs Report Is Good, but Labor Shortages Remain | BR Americans Are Flush With Cash and Jobs. They Also Think the Economy Is Awful. | N How the Struggle Between Labor and Capital Has Played Out Over the Past Century | BR Starbucks Union Vote Sets Up a Watershed Moment for U.S. Labor | B US II The Democrats’ social-spending package cannot repair the American Dream | E Biden Build Back Better bill passes procedural vote in House | C How Zillow’s Home-Buying Blew Up—and Where iBuyers Go From Here | BR Europe Italy’s new prime minister has had a good first nine months | E Japan Explainer: Key challenges for Japan PM Kishida’s stimulus plan | R Japan economic stimulus seen topping $265 bln, require new debt -Kyodo | R China Xi Jinping Is Rewriting China’s History | N Xi Jinping is rewriting history to justify his rule for years to come | E China seeks to join the nuclear big league | E Industries & companies Autos: Ford attracts younger and more female buyers with new $20,000 Maverick pickup | C Biotech: Gene Therapy Is a Huge Opportunity. It Pays to be Patient. | BR Media: Marvel’s ‘Eternals’ tallies a $71 million opening at domestic box office | C Retail: Retailers hail lifting of travel ban, return of international tourists with hopes of sales rebound | C Corporate finance Elon Musk Twitter Followers Say He Should Sell a $21 Billion Tesla Stake | B BHP to Sell Controlling Stake in Two Coal Mines for Up to $1.35 Billion | W Weird Finance: How to Navigate Cryptos, NFTs, and Other Bubbly Stuff | BR Virus U.S. to lift international travel entry bans. Here’s are the new rules | C Biden Covid vaccine rule: Federal court temporarily blocks mandate | C Child Vaccine Demand Underscores Deep Divisions in U.S. | B

November 06 (Saturday) YRI Daily Markets Overview See subscribers’ link below for today’s Morning Briefing. Replay of Dr. Ed’s webinar on November 1. Only the Wealthy Have Prospered in America? That Isn’t True. | BR Markets Dow jumps 200 points to a record, S&P 500 notches 7th day of gains | C Travel stocks rally and stay-at-home stocks drop as Covid-19 ends | C Peloton shares collapse, momentum for its at-home fitness equipment slows | C China Bond Market Meltdown Reveals Property Developers Hidden Bills | B China Plans to Sell Euro Bonds | W Climate & energy China’s Absence at COP26 Climate Talks Slow Progress | B Greta Thunberg Leads Climate Protest, Criticizing COP26 Talks | W Wind Manufacturers Blown Off Course | W Business Is the Game-Changer at COP26 in Glasgow | W Delhi trapped under blanket of toxic air two days after festival | R US I House Approves $1 Trillion Infrastructure Bill, Sending to Biden’s Desk | W What’s in the Bipartisan Infrastructure Bill? From Amtrak to Roads to Water Systems | W California Is the Supply Chain’s Weakest Link – WSJ US II October Jobs Report: Strong Rebound as U.S Economy Adds 531,000 Jobs | W Hot-and-Cold Jobs Market Still Far From Full | W Help Really Wanted: No Degree, Work Experience or Background Checks | W Here’s where the jobs are for October 2021 — in one chart | C China China Evergrande, Strapped for Cash, Offloads Its Jets | W Industries & companies Airlines: American Airlines jacks up flight attendant holiday pay to avoid more flight cancellations | C Communication services: Is Facebook Bad for You? It Is for About 360 Million Users, Company Surveys Suggest | W Communication services: Facebook’s Foreign Disasters by Eric Posner | PS Communication services: To Build the Metaverse, Meta First Wants to Build Stores | N Communication services: The Metaverse Is Simply Big Tech, but Bigger | WIRED Retail: Here’s how Kroger is using robots to get groceries to customers’ doors | C Corporate finance Rivian raises IPO price range and could now be worth up to $65 billion | C How Ford Won the Race for Rivian | W Advent, Permira Near Deal to Buy McAfee for More Than $10 Billion | W Virus I Rising Covid-19 Breakthrough Cases Hinder Efforts to Control Virus | W Covid in China: Experts Predict How Long Communist Party Will Aim for Zero Cases | B Where Is Covid Is Spreading Across Europe? Latest Update for November | B Schools to Distribute Covid-19 Shots, Incentives to Vaccinate Children | W Virus II Pfizer Says Its Antiviral Pill Is Highly Effective in Treating Covid | N Pfizer Results Open Door to New Chapter for Covid Treatments | B Biden OSHA vaccine mandate: Labor secretary says most truck drivers are exempt | C Virus Outbreak: News and Analysis From Nov. 6 | B