Dr. Ed's Blog

August  30 (Tuesday)

Latest Morning Briefing Executive Summary: Anatomy Of A Rolling Recession
In an eight-minute talk at Jackson Hole last week, the Fed chair squawked like a true hawk and obliterated $1.2 trillion in S&P 500 market capitalization. He said bringing inflation down will be painful. He didn’t say how painful. … We don’t see an “official” recession, but a “growth recession” that rolls through economic sectors in succession while still allowing real GDP to grow overall, albeit slowly. … In fact, such a rolling recession is likely underway already. We look at how vulnerable areas of the economy are holding up.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on August 29.

Markets
Dow closes 100 points lower as sell-off continues, Treasury yields surge | C
Stocks End Lower, Yields Rise After Powell’s Hawkish Remarks | W
Panic Button Is Nowhere in Sight as Memory of 7th S&P 500 Market Rout Fades | B

Central banks
Fed’s QT to Hit ‘Full Stride’ With Central Bank Shrinking $9 Trillion Portfolio | B
At Jackson Hole, World’s Central Bankers Gauge Economic Risks in Covid’s Wake | W
Fed’s instant payment service ‘FedNow’ set to launch by July 2023 | yahoo
White House Gives Fed Leeway on Interest Rates After Warren Critique | B

US
64% of consumers worry about shrinkflation. Here’s what to watch for | C
Fannie Mae says fixed mortgage rates could fall to 4.5% next year | C
These Are the Most Expensive US Cities for Renters in August | B
Fewer Americans live paycheck to paycheck as inflation starts to ease | C
Hunter Biden, Border Crossings and Covid Policies Face New Scrutiny if GOP Wins House | W
Trump’s home search unearths material possibly covered by attorney-client privilege, prosecutors say | R

China
‘It felt like my insides were crying’: China COVID curbs hit youth mental health | R

Geopolitics & trade
Ukraine War Is Depleting U.S. Ammunition Stockpiles, Sparking Pentagon Concern | W
Russia Confounds the West by Recapturing Its Oil Riches | W

Industries & companies
Autos: Honda, LG Energy Solution to build $4.4 billion battery plant in U.S. | C
Autos: How Amazon is giving Rivian an edge in the EV industry | C
Autos: China’s heat wave is creating havoc for electric vehicle drivers | MIT

Climate
Greenland ice loss will raise sea levels by nearly one foot: study | C

Beyond markets
Biden administration to stop sending free at-home Covid-19 tests Friday | C
NASA’s Artemis Launch Postponed After Engine Procedure Fails on Moon Rocket | W
Why Some Americans Are Still Isolating From Covid-19 | W

August  29 (Monday)

Latest Morning Briefing Executive Summary: Powell’s Latest Pivot Won’t Be His Last
Keeping track of whether Fed Chair Powell is dovish or hawkish is making us dizzy. His latest clues—dropped at last week’s Jackson Hole conference—reversed the dovish impression he’d left in July that caused stocks to rally. So stocks pivoted southward last week. … We anticipate Powell’s next pivot and potentially encouraging inflation news. … Might BEA’s upcoming H1 GDP revisions reveal that the economy grew after all, making the “technical recession” illusory? We wouldn’t be surprised. We project 1.5% GDP growth during H2 and 2.5% next year. … Also: Q2 data on S&P 500 revenues and profits show new record highs for both. … And: Dr. Ed reviews “Blackbird.”
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on August 22.

Markets
Stocks jilted as central banks promise tough love | R
Investors Ramp Up Bets Against Stock Market as Summer Rally Fizzles | W
Dollar gains as investors brace for higher rates | R
Oil mixed as OPEC supply cut prospect offsets demand fears | R
 
Central banks
Powell Says Fed Must Show Resolve in Fighting Inflation | W
Powell warns of ‘some pain’ ahead as Fed fights to lower inflation | C

US
A Different Take on the U.S. Economy: Maybe It Isn’t Really Shrinking | W
Want a Lower Mortgage Rate? Take Someone Else’s Loan | W
American cities want rent control to rein in housing costs | E
Everyone’s a Landlord—Small-Time Investors Snap Up Out-of-State Properties | W
The rent crisis on Main Street just took a turn for the worse | C
High Grocery Bills Pose Liability for Democrats as Midterms Approach | W

Europe
This Income-Focused Money Manager Sees Bargains in Europe. ‘Mass Fear Is an Opportunity.’ | BR

China
How China should handle its bad loans to poor countries | E
Faced with an overseas debt crisis, will China change its ways? | E

Geopolitics & trade
What is at stake at Ukraine’s Zaporizhia nuclear plant | E
Are sanctions on Russia working? | E

Industries & companies
Aerospace: NASA’s Artemis Launch Gives Boeing Chance to Restore Its Space Credibility | W
Airlines: Airlines Keep Flight Cuts, Other Curbs as Industry Woes Drag On | W
Autos: EV makers face cash squeeze amid soaring battery, production costs | C
Materials: Alcoa Has a Plan for Zero Emissions. Buy the Stock While It’s a Bargain. | BR
Retail: Inventory Pileup, Uneasy Shoppers Put Retailers in Jeopardy | W

Climate
Beyond Drought: The Coming Water Shortage Is a Threat From Main Street to Wall Street | BR

Beyond markets
NASA’s Artemis 1 mission: What you should know about SLS, Orion | C
Why has polio returned to London and New York? | E

August  27 (Saturday)

Latest Morning Briefing Executive Summary: Industrials, Russia & Robots
A heat wave and drought are prompting China to close some industrial plants in hard hit regions to preserve electricity for air conditioning. In Europe, some industrial plant owners are closing shop because surging electricity prices are battering the bottom line. Look for supply chain problems to ensue. The Eurozone’s August PMI took a hit. … A study out of Yale University contends Western sanctions are taking a large toll on Russia’s economy. We take a look. … North American companies bought more robots in Q1 than ever before. Here are some new ways robots are making companies more efficient today and a peek at what scientists are working on for the future. Pizza anyone?
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on August 22.

Markets
Dow Falls More Than 1,000 Points After Powell Speech | W
Wall Street ends in a hole after Powell’s Wyoming speech | R
Stock Bulls’ Swagger Gets Deflated as Powell Delivers a Warning | B
Bond Yields Inch Higher After Powell Says Fed Will Hold the Line on Inflation | W
U.S. bonds: U.S. Treasury yields are higher after Powell speech | C

Global
World Economy Needs Policy Reset to Revitalize Growth, BIS Says | B

Central banks I
Powell warns of ‘some pain’ ahead as Fed fights to lower inflation | C
Powell Says Fed Must Show Resolve in Fighting Inflation | W
Powell’s New Guidance: Higher Rates for Longer to Beat US Inflation | B
Powell’s Jackson Hole Speech Erases $78 Billion From Richest Americans’ Fortunes | B
Fed Officials Welcome July Inflation Data, But Not Ready to Say Prices Have Peaked | W
Column: A crisis too far? Central bank safety net compromised :Mike Dolan | R
 
Central banks II
ECB Lacking Consensus for Jumbo Rate Hike Some Officials Want | B
Some ECB Officials Want Quantitative-Tightening Talks in 2022 | B
ECB’s Knot Says Up to Three-Quarter-Point Hike Needed Next Month | B
Can Central Banks Maintain Their Autonomy? | W

US
U.S. Consumer Spending Inched Forward in July, With Inflation Historically High | W
Inflation Eased in July, According to the Fed’s Preferred Measure | W
Brookings: Long Covid keeps millions of Americans out of workforce | C
Biden Describes Trump’s Governing Philosophy as ‘Like Semi-Fascism’ | W
New York Fuel Supply Is So Low It Triggered White House Warning | B

China
China’s Scorching Heat and Hydropower Missteps Test Nation’s Power Grid | W

Industries & companies
Consumer: There’s a Carbon Dioxide Shortage, and Food and Drink Makers are Scrambling | W
Energy: EXCLUSIVE Exxon to sell Arkansas shale gas assets to Flywheel Energy | R
Pharma: Moderna Sues Pfizer and BioNTech, Alleging mRNA Patent Infringement | W
 
Geopolitics & trade
U.S. and China Reach Agreement on Chinese Company Audits | W
Zelenskiy says danger remains after nuclear plant resumes power supply | R
U.N. Set to Inspect Ukraine Nuclear Plant Early Next Week | W

Beyond markets
Monkeypox: CDC cautiously optimistic outbreak might be slowing | C

August  26 (Friday)

Latest Morning Briefing Executive Summary: Industrials, Russia & Robots
A heat wave and drought are prompting China to close some industrial plants in hard hit regions to preserve electricity for air conditioning. In Europe, some industrial plant owners are closing shop because surging electricity prices are battering the bottom line. Look for supply chain problems to ensue. The Eurozone’s August PMI took a hit. … A study out of Yale University contends Western sanctions are taking a large toll on Russia’s economy. We take a look. … North American companies bought more robots in Q1 than ever before. Here are some new ways robots are making companies more efficient today and a peek at what scientists are working on for the future. Pizza anyone?
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on August 22.

Markets
Dow closes 300 points higher, extends rally to second day ahead of Powell’s Jackson Hole speech | C
China Economic Stimulus Lifts Mood Ahead of Powell Speech: Markets Wrap | B
Treasury Yields Rise on Bet That Recovery Will Last Longer | W

Central banks
Fed Policy Revamp Turns Two in Jackson Hole. It’s Not Aged Well | B
Fed’s Esther George Says It Has to Get Interest Rates Higher to Slow Down Demand | B
Fed Can’t Blink After Being ‘Asleep at the Wheel,’ El-Erian Says | B
Powell isn’t likely to tell investors what they want to hear Friday | C

US I
U.S. GDP Fell Less Than Previously Thought in Second Quarter | W
US Corporate Profits Soar With Margins at Widest Since 1950 | B
US Jobless Claims August 2022: Fall for Second Week in Sign of Labor Strength | B
US economy may have actually grown in the first half of 2022 | Quartz

US II
US Mortgage Rates Soar to 5.55%, Renewing Squeeze on Homebuyers | B
Mortgage Rates Rise to Two-Month High at 5.55% | W
Teacher Shortage 2022: Why US Schools Flush With Cash Can’t Keep Up | B
Biden Student-Loan Forgiveness Raises Inflation, Budget Risks | W

China
China’s New Economic Efforts Fall Short, Economists Say | W

Geopolitics & trade
U.S., China Near Deal to Allow Audit Inspection of N.Y.-Listed Chinese Companies | W
Taiwan Proposes Big Jump in Military Spending Amid Chinese Pressure | W
Power Outage in Southern Ukraine Raises Tensions Over Zaporizhzhia Nuclear Plant | W

Industries & companies
Retail: How Whole Foods has changed in the five years since Amazon took over | C

Climate
California bans the sale of new gas-powered cars by 2035 | C
France Considers Taxing Private Jet Use in Fight Against Climate Change | W
Amazon strikes green hydrogen deal with fuel cell maker Plug Power | C

Beyond markets
Baby Formula Shortage: A Deadly Bacteria and Abbott’s (ABT) Missteps | B

August  25 (Thursday)

Latest Morning Briefing Executive Summary: Industrials, Russia & Robots
A heat wave and drought are prompting China to close some industrial plants in hard hit regions to preserve electricity for air conditioning. In Europe, some industrial plant owners are closing shop because surging electricity prices are battering the bottom line. Look for supply chain problems to ensue. The Eurozone’s August PMI took a hit. … A study out of Yale University contends Western sanctions are taking a large toll on Russia’s economy. We take a look. … North American companies bought more robots in Q1 than ever before. Here are some new ways robots are making companies more efficient today and a peek at what scientists are working on for the future. Pizza anyone?
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on August 22.

Markets
Invesco Sees ‘Rude Awakening’ With Oil, Food Set to Spike Soon | B
Dollar eases from near two-decade peak as Jackson Hole looms | R
Column: Dollar’s historic surge may be music to Fed’s ears: McGeever | R
Oil prices rise on possible OPEC supply cuts | R

Central banks
Jackson Hole: Lockstep Markets Primed for All-or-Nothing Sweepstakes on Powell | B
Jerome Powell’s Dilemma: What if the Drivers of Inflation Are Here to Stay? | W
Morgan Stanley’s Wilson and JPMorgan’s Michele Warn About QT | B

US
Biden’s Student Loan Forgiveness Plan to Cancel Up to $20,000 in Debt for Millions | W
Will Biden’s Student Loan Relief Add to Inflation? Here’s What Economists Say | B
The Surprise in a Faltering Economy: Laid-Off Workers Quickly Find Jobs | W
‘Ghost gun’ regulations go into effect after judges reject challenges | C

China
China Rolls Out Aid to Help Power Firms and Save Rice Harvest | W
U.S. Entertainment Industry Hits Wall in China | W

Europe
Italy Elections: Mario Draghi Warns Next Leader Not to Play With Protectionism | B

Industries & companies
Wireless: Phone Companies Want to Be Your Home-Internet Provider—and Vice Versa | W

Climate
Inflation Reduction Act’s Real Climate Impact Is a Decade Away | W
Arizona Needs to Cut 300,000 Olympic Pools’ Worth of Water. Here Is Who Will Be Hit the Hardest. | W

August  24 (Wednesday)

Latest Morning Briefing Executive Summary: Will Inflation Persist?
If inflation is peaking, definitive proof could make all the difference to the near-term direction of the stock market. It could also affect how hard the Fed pumps the monetary brakes and what that does to the economy. Our happy outlook features inflation peaking, tightening ending sooner rather than later, and the economy slowly growing. … Recent data releases provide peeks into upcoming inflation readings—and some signs that it is peaking. … Biden’s Inflation Reduction Act seems almost satirically named: The Act is more about climate than inflation, think-tanks say it will hardly move the inflation needle, and Melissa found several aspects to be downright inflationary.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on August 22.

Markets
Stocks End Slightly Lower Amid Rate Uncertainty | W
S&P 500 seen a little higher by end of 2022 -strategists | R
China’s Yuan Slides to Two-Year Low as Economy Stumbles, Dollar Soars | W

Central banks
Fed’s Kashkari says his biggest fear is inflation will be more persistent | R

Global
Global Economies Flash Warning of Sharp Slowdown | W

Energy
Can’t Pay Utility Bills? 20 Million US Homes Behind on Payments, Facing Shutoffs | B
Endless Demand Spurs U.S. Natural-Gas Prices to Shale-Era Highs | W
How Much Is Power in Europe? It’s Now Equal to Oil at $1,000 a Barrel | B

US
What a housing recession means for homeowners, buyers, sellers | C
Biden’s decision on student loan forgiveness could come tomorrow | C
Judge orders Trump to give details about Mar-a-Lago warrant lawsuit | C

China
Column: China’s weak crude imports and pariah purchases ease global market | R
China Reopens to Foreign Students For First Time After Covid Outbreak | B

Geopolitics & trade
After Six Months of War in Ukraine, Momentum Tilts Against Russia | W

Industries & companies
Airlines: Thousands of Flights Canceled, Delayed as Bad Weather Disrupts Air Travel | W
Consumer: Amazon seller Packable lays off employees, begins liquidating | C
Tech: Apple to Cut New iPhone 14 Production Lag Between India and China | W

Corporate finance
Intel, Brookfield Sign $30 Billion Deal to Finance Chip Factories | W

Beyond markets
The 30-Year-Old Spending $1 Billion to Save Crypto | W
Moderna Asks FDA to OK Updated Covid-19 Shot | W

August  23 (Tuesday)

Latest Morning Briefing Executive Summary: Raging Debate
Today, we examine stock market sentiment—where it’s been this year and why, as well as where it might be headed. … The bulls had a good two-month run, for a host of reasons we discuss, but it might be ending as they go on the defensive for a while for a host of other reasons. … And: QE lifted the Fed’s securities holdings and the stock market followed suit during the bull market years. But does that necessarily mean the opposite will happen when QT starts to unwind those holdings in September? The bears think so, but we see reasons to differ.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on August 22.

Markets
Dow falls 600 points, heads for worst day since June as the market’s summer rally flails | C
Wall Street tumbles on fears of aggressive Fed | R

US
U.S. business borrowing for equipment rises 2% in July – ELFA | R
US Housing Market: Jump in New Apartment Construction May Ease Pressure on Rents | B
Cheap Homes? House Prices Are Being Slashed In Former Pandemic Boomtowns | B
Companies Are Cutting Back on Maternity and Paternity Leave | W
Trump PAC paid lawyers almost $1 million amid Georgia, New York probes | C

Europe
Europe braces for more cuts in Russian oil and gas exports | R

Geopolitics & trade
Crimea, Once a Bastion of Russian Power, Now Reveals Its Weakness | W

Industries & companies
Autos: Ford Stock Falls After $1.7 Billion Verdict in Fatal Rollover Case | W
Autos: Ford to eliminate 3,000 jobs in an effort to cut costs | C
Communications services: Should we break up Facebook to save it? | The Hill
Tech: Apple self repair service expands to MacBooks starting Tuesday | C

Corporate finance
Where have the unicorns gone? The IPO window has slammed shut | NN
IPO Market Faces Worst Year in Two Decades. ‘Really Hard Pill to Swallow.’ | W

Pandemic
Fauci, face of U.S. COVID response, to step down from government posts | R
Pfizer asks FDA to authorize Covid booster shots that target omicron BA.5 for people ages 12 and older | C
Polio Vaccines Are Urged in New York as Once-Defeated Virus Lurks | W

Beyond markets
Why Tom Brady and other stale celebs keep pretending to retire | P

August  22 (Monday)

Latest Morning Briefing Executive Summary: Searching For Godot
The economic slowdown so far this year is not the game-changing “official” recession so widely feared. Waiting and waiting for this Godot of a recession is muting economic activity, but also inhibiting excesses. That’s why we expect any recession that does show up—a scenario we give 35% odds—to be mild and roll through the economy gradually by sector. We see a slow-growth scenario as the most likely outlook (60% odds) and an inflationary boom the least (5%). … Also: We turn our spotlight on what a rolling recession might look like and how September might treat the stock market.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on August 15.

Markets
Stocks Are No Longer a Sure Thing. Where to Invest Now. | BR
The February Effect: Dividend Hikes Spike in the Shortest Month | BR
How an Emerging Market Stock Fund Stays on Top, With Less Risk | BR
 
Central banks
Shrinking Deficits Cushion Fed’s Retreat From Markets | W
Chinese Banks Cut Rates to Spur Economic Growth | W
China trims lending rates one week after surprise cuts in key rates | C

Energy
European gas prices surge as Russia announces Nord Stream 1 shutdown | C
Europe’s Natural-Gas Crunch Sparks Global Battle for Tankers | W
Energy Projects Sought Across the U.S. Face Local Hurdles | W

US I
Recession Is Already Here for Many Small Businesses | BR
Your Steak Is Getting Cheaper at the Supermarket | W
Americans are concerned student loan forgiveness will worsen inflation | C

US II
Will Donald Trump run again? | E
Donald Trump’s hold on the Republican Party is unquestionable | E
Merrick Garland is not naive about political violence | E
Ex-White House Aide Kash Patel Presses View Trump Broadly Declassified Documents | W
More IRS Audits Are on the Way for Taxpayers. How to Respond if You’re Targeted. | BR

China
China’s economy is beset by problems | E
China’s Alibaba and Tencent focus on cost cuts amid slowing growth | C
How China’s Covid policies lead to hampered supply chains, higher inflation | C
Mao-loving websites are in a grey zone between propaganda and dissent | E

Japan
Prices are rising in Japan, but not wages | E

Industries & companies
Autos: Elon Musk says Tesla will raise price of FSD by 25% in September | C
Financials: PNC Financial Services Has Big Ambitions—and a 3.4% Dividend Yield | BR
Media: AMC shares tank more than 30% as Regal Cinemas owner warns of potential bankruptcy | C
Logistics: Railroad Regulator Turns Up Heat on Industry to Fix Shipping Delays | W
Manufacturing: Pandemic Bolsters China’s Position as the World’s Manufacturer | W

Geopolitics & trade
Korea and U.S. begin largest military drills amid N. Korea backlash | C
Russia launches murder investigation after car bomb kills daughter of key Putin ally | C
Ukraine’s Zelensky Warns Against Trial of Prisoners Captured at Azovstal Steel Plant | W

Climate
Droughts Hurt World’s Largest Economies | W
Bill Gates Is Ecolab’s Largest Shareholder. He Just Scooped Up More Shares. | BR 

August  20 (Saturday)

Latest Morning Briefing Executive Summary: Consumers, Russia & The Metaverse
With gasoline prices down in July, consumers had more money to spend on discretionary purchases, and retailers of most kinds benefited. Jackie taps Target’s Q2 results for consumer-spending trends and takeaways . … Also: Waging war in Ukraine has cost the Russian economy a great deal, but Q2 GDP contracted much less than economists expected, buoyed by the high prices that Russia’s energy exports fetched. … And: The Metaverse is hopping with diverse events—from concerts and celebrity-hosted parties to fashion shows and fine art sales. And everyone’s invited.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on August 15.

Markets
Stocks Slide as Short-Sellers Cash In on Fedspeak: Markets Wrap | B
Column: Stocks rebound shows the devil in the retail | R

US I
If the Economy Is Shrinking, Why Is Everything Going Gangbusters? | B
‘The Godfather’ Insight: Oil Prices Have Been Driving Markets All Along | B
Jobless Rate Drops to or Below 3% in Almost Half of US States | B
America’s small businesses are running out of workers | NN
What Is Quiet Quitting? Is It a Good Idea? Pros and Cons of Latest TikTok Trend | B

US II
Inflation peaking? 10 common consumer items where prices are falling | C
Gen Xers are cutting spending, continue to save for retirement, study says | C
Can’t Afford Rent? College Students Tap Parents, Buy RVs for Housing | B
Opinion | California Needs More Housing. Unions Might Stand in the Way. | N

US III
U.S. Treasury disputes finding that new IRS funding would increase middle-class taxes | R
Five ways the Inflation Reduction Act will reduce business owners’ taxes | The Hill

Geopolitics & trade
Russia to Halt Nord Stream Gas Flows to Europe, Citing Pipeline Maintenance | W
Ukraine’s Southern Forces Wage a Slow Campaign to Wear the Russians Down | W
China’s Xi Considers Visiting Central Asia, Potential Meeting With Putin Next Month | W

Industries & companies
Materials: Column: Power is the big new problem for industrial metals supply | R
Media: Regal Owner Cineworld Nears Bankruptcy as Theater Comeback Lags | W

Beyond markets
Northern Lights Will Be Visible in Parts of Mainland U.S. This Week | W
Monkeypox Virus Can Stay on Common Household Items, Surfaces, CDC Says | B
It Now Costs $300,000 to Raise a Child | W

August  19 (Friday)

Latest Morning Briefing Executive Summary: Consumers, Russia & The Metaverse
With gasoline prices down in July, consumers had more money to spend on discretionary purchases, and retailers of most kinds benefited. Jackie taps Target’s Q2 results for consumer-spending trends and takeaways . … Also: Waging war in Ukraine has cost the Russian economy a great deal, but Q2 GDP contracted much less than economists expected, buoyed by the high prices that Russia’s energy exports fetched. … And: The Metaverse is hopping with diverse events—from concerts and celebrity-hosted parties to fashion shows and fine art sales. And everyone’s invited.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on August 15.

Markets
Wall Street Bets the Fed Is Bluffing in High-Stakes Inflation Game | W
Shares choppy, U.S. yields fall as investors digest Fed minutes | R

Central banks
Fed’s Bullard Leans Toward Favoring 0.75-Percentage-Point September Rate Rise | W

US
U.S. Home Sales Dropped in July for Sixth Straight Month | W
Home sales fell nearly 6% in July as housing market slides into a recession | C
Why the Rent Inflation Is So Darn High | MSN
Jobless claims edge lower as Fed looks to cool labor market | C
Judge Says He Will Unseal Parts of Affidavit That Led to Search of Trump’s Mar-a-Lago | W

China
China’s Scorching Heat Leads to Power Cuts, Factory Disruptions | W

Geopolitics & trade
China, U.S. Trade Climate Barbs as Ties Fray | W
North Korea Resumes Weapons Activity With Two Cruise-Missile Launches | W

Industries & companies
Financials: Bank Stocks Make a Comeback | W
Media: Americans Spent More Time Streaming Than Watching Cable TV in July—a First | W
Retail: Home Depot and Lowe’s cite strong demand, but softening could be ahead | C