Dr. Ed's Blog

October 13 (Wednesday)

YRI
Dr. Ed’s latest video podcast dated October 10
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing

Markets
U.S. Stocks Close Lower for Third-Straight Day | W
Dow falls for third straight day as investors await inflation data, bank earnings | C
Cramer says the stock market is ‘incredibly confusing’ right now and investors should be patient | C

Central banks
Fed’s Bank Supervision Committee Will Have No Chairman After Quarles Term Ends Wednesday | W
Fed announces Quarles to step away from internal regulatory lead role as vice-chair term expires | R
Fed’s Clarida Affirms Fed Plans to End Bond Purchases by Mid-2022 | W
Fed’s Bullard says bond purchases should be tapered quickly in case rate hikes are needed | C
Fed’s Bostic: Inflation Surge Will Likely Last Longer Than Expected | W

Global
IMF Cuts Global Growth Forecast Amid Supply-Chain Disruptions, Pandemic Pressures | W
World’s Growth Cools and the Rich-Poor Divide Widens | N

US
A record 4.3 million workers quit their jobs in August, led by food  | C
U.S. quits scale record high, millions of job openings as labor market tightens | R
House approves debt limit increase that will last through part of December, sends bill to Biden | C

China
China Home Sales Are Falling Sharply | W
In China, Home Buyers Who Went All In Say They Want Out | N
China Auto Sales Drop as Chip Shortage Endures | W

Industries & companies
Airlines: Southwest Pilots Warn Fatigue, Frustration Could Fuel Further Outages | W

Corporate finance
GM to Recover $1.9 Billion in Bolt-Recall Costs in Deal With LG | W
Some Investors Find Stability in SPACs | W

Corporate finance
Columbia Banking, Umpqua Bank to Merge in $5 Billion Deal | W

Virus
Biden’s Covid-19 Vaccine Mandate for Large Employers Moves Closer to Approval | W
FDA staff doesn’t take stance on Moderna Covid booster shots | C

Beyond markets
L.O.L. Dolls Are Stuck in the Supply Chain. John Baker Must Free Them Before Christmas. | W
Older Adults Shouldn’t Start Taking Aspirin in Effort to Prevent First Heart Attack, Panel Says | W

October 12 (Tuesday)

YRI
Dr. Ed’s latest video podcast dated October 10
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing

Markets
Dow sheds 250 points, S&P 500 slides to start the week | C
Stocks week ahead: We may have reached peak earnings | NN

Energy
Oil Price Jumps Above $80 and Natural Gas Races Higher, Turbocharged by Supply Shortages | W
China’s Energy Crisis Deepens With Coal Soaring, Flooding in Mining Region | B

US
U.S. earnings seen strong, but supply chains and costs worry investors | R
Kudlow: Take a Second Look at the Jobs Report — Private Sector Jobs Are Booming | NY Sun
Millennials Team Up to Fulfill the Dream of Homeownership | W
Let’s Be Serious, There’s No Such Thing As A $1 Trillion Coin | FO

China
Xi Jinping Scrutinizes Chinese Financial Institutions’ Ties With Private Firms | W

Japan
Japan wholesale inflation spikes, squeezing corporate profits | R

Geopolitics & trade
Biden’s China Tariff Plan Fails to Provide Enough Relief, Businesses Say | W
IMF boss Georgieva risks losing her job over China bias claims | C

Industries & companies
Airlines: Southwest Airlines Cancels Hundreds of Flights After Weekend Disruption | W
Consumer: Amazon to let managers decide how often employees come into the office | C
Media: Netflix to Sell ‘Squid Game’ Goods, Other Products on Walmart Site | W
Tech: Why Apple appealed App Store ruling in Epic Games legal case | C

Virus
Merck Asks FDA to Authorize Promising Covid-19 Pill | W
Moderna has no plans to share its Covid vaccine recipe | C
U.S. moves closer to clearing Moderna and J&J Covid booster shots this week | C
Texas governor bars all COVID-19 vaccine mandates in state, rips Biden for ‘bullying’ | R
Hiltzik: Stop the COVID-19 lab-leak origin propaganda – Los Angeles Times | LA Times

Corporate finance
Emerson Plans to Merge Industrial-Software Businesses With AspenTech | W

Crypto
Bitcoin rises to the highest since May, is now up 30% in October | C

October 11 (Monday)

YRI
Dr. Ed’s latest video podcast dated October 10
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing

Markets
Government Is Getting Bigger. What It Means for the Stock Market. | BR
The Dollar Is Rising. Here’s How to Play It. | BR
Sharp Rise Brings Treasury Yields Near Spring Highs | W
Where to Find the Best Municipal Bonds Now, According to Pimco | BR

Energy & climate
Hedge funds cash in as green investors dump energy stocks | FT
China digs in on coal, oil gains as energy crisis deepens | R
How Rising Natural-Gas Prices Could Fuel a Switch to Oil | BR

Central banks
Boston, Dallas Fed Banks Pledge Cooperation With Stock-Trading Probe | W

Global
The world economy’s shortage problem | E
‘We’re in a Hurry.’ A New CEO Scrambles to Cope With a Global Chip Crisis. | W
Companies cast off their reluctance to invest | E

US I
Opinion: The debt limit is still a ticking time bomb | NN
Biden environmental regulations will only sabotage America’s recovery | Washington Examiner
Bernie Sanders Expresses Frustration With Centrists in Spending Talks | W

US II
Strong wage gains cast doubt that inflation is going away anytime soon | C
Four stand-out points in the September U.S. jobs report | R
Despite U.S. Employment Gains, Many Women Remain on Labor-Market Sideline | W
Opinion | Why the economy keeps getting weirder | WP

US III
How Other Nations Pay for Child Care. The U.S. Is an Outlier. | N
Child Care Has High Costs for Parents, Low Wages for Staff | N
Single-Family Home Turned Rental Complex: The Future of California Suburbs? | N
Soaring Home Prices Are Roiling Appraisals and Upending Sales | W
Remote Workers Can Live Anywhere. These Cities (and Small Towns) Are Luring Them With Perks. | W

China
Beyond Evergrande, China’s Property Market Faces a $5 Trillion Reckoning | W

Japan
Japan PM Kishida says has no plan to alter capital-gains, dividend taxes | R

Geopolitics & trade
China is ratcheting up military pressure on Taiwan | E
China’s Xi vows ‘reunification’ with Taiwan | R
China presses U.S. to cancel tariffs in test of bilateral engagement | R
A Chinese vision of free trade | E
Corporate Taxes Poised to Rise After 136-Country Deal | W

Industries & companies
Communication services: Facebook is nearing a reputational point of no return | E
Communication services: Facebook, Instagram outage hurt creators, small businesses | C
Financials: The Pandemic’s Over for Big Banks. Now Comes the Hard Part. | W
Media: Latest James Bond Film Falls Behind Predecessors as Covid-19 Concerns Linger | W
Media: TV Isn’t Dying, and This Broadcaster’s Stock Is Underpriced | BR
Pharma: Pfizer Lyme Disease Vaccine Will Try to Avoid the Pitfalls of the Past | BR

Crypto
White House weighs broader oversight of cryptocurrency market | R
Anyone Seen Tether’s Billions? | B

Virus
Fully Vaccinated and Had Covid-19? No Rush for a Booster Shot, Experts Say | W
Covid-19 Cases Rise in U.K. Schoolchildren, Whom the Nation Hesitated to Vaccinate | W

Technology
How to Move More Goods Through America’s Clogged Infrastructure? Robot Trains | W

Beyond markets
Can Your Career Help Change the World? You Have 80,000 Hours to Try. | W

October 09 (Saturday)

YRI
Dr. Ed’s latest video podcast dated October 3
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing

Markets
Stocks Waver After Jobs Report | W

Energy & climate
U.S. crude oil price tops $80 a barrel, the highest since 2014 | C
Natural gas prices are skyrocketing globally. What it means for the US | C
Defense Department warns climate change will increase conflicts | C
Can Nuclear Fusion Put the Brakes on Climate Change? | The New Yorker
The mystery of Elon Musk’s missing gas | TechCrunch

Central banks
Jobs Report Keeps Fed Taper on Track for November | W
The Fed May Start Tapering, but Mortgage Rates Play by Their Own Rules | W
ECB governors expect friction with governments as end of support looms | R

Global
Global Supply-Chain Problems Escalate, Threatening Economic Recovery | W

US I
U.S. job growth seen picking up after Delta setback | R
The New Jobs Report Numbers Are Pretty Good, Actually | N
U.S. Job Growth Falls to Slowest Pace of Year | W
Here’s where the jobs are for September 2021 — in one chart | C
Strong wage gains cast doubt that inflation is going away anytime soon | C

US II
Women left U.S. workforce last month, but in fewer numbers than a year ago | R
Fewer U.S. workers sidelined by Delta variant in September even as cases peaked, survey shows | R
Jobs Report: Why Were ADP’s Numbers So Different From the Government’s? | B
The Radically Changing Labor Market |The Big Picture

China
After Dollar-Bond Default, Chinese Developer Fantasia Says It Will Fix Its Finances | W
How Evergrande Grew and Grew, Despite Years of Red Flags | W

Geopolitics & trade
OECD reaches deal on corporate tax after Ireland agrees | C
U.S. Set Out to Hobble China’s Huawei, and So It Has | W

Industries & companies
Airlines: ‘We will comply:’ Spirit Airlines CEO prepares staff for federal Covid vaccine mandate | C
Tech: Apple building new regional headquarters in Los Angeles | C
Tech: Samsung Expects 28% Rise in Operating Profit | W

Corporate finance
Elon Musk’s SpaceX valuation $100 billion | C

Virus
Covid cases dip below 100,000 a day in U.S. as nation faces colder weather | C

Beyond markets
SEC’s Gary Gensler Proposing New Rules on Everything from Crypto to Hedge Funds | B

October 08 (Friday)

YRI
Dr. Ed’s latest video podcast dated October 3
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing

Markets
Stocks End Higher After Debt-Limit Extension Deal | W
Natural-Gas Shortage Sets Off Scramble Ahead of Winter | W

Central banks
Fed’s Mester says U.S. inflation mostly driven by pandemic-related factors | R
Fed Governor Lael Brainard is in line for a key banking position. Here’s what it could mean for Wall Street | C

US
U.S. Senate approves temporary lift to debt ceiling, averting default | R
Yellen says having a debt ceiling has become increasingly damaging to U.S. | R
Debt-Limit Bill Passes Senate, Heads to House | W
America Is Running Out of Everything | The Atlantic

Geopolitics & trade
U.S. Troops Have Been Deployed in Taiwan for at Least a Year | W
Global tax deal inches closer as holdout Ireland agrees to sign up | C

Industries & companies
Airlines: Regional airlines that fly for the major U.S. carriers aren’t mandating vaccines for staff — yet | C
Autos: Tesla moves headquarters from California to Texas | C

Virus
Pfizer Asks FDA to Authorize Covid-19 Vaccine in Young Children | W
Fired for refusing a Covid vaccine? You likely can’t get unemployment benefits | C

Crypto
Senator Cynthia Lummis discloses a bitcoin purchase worth up to $100,000  | C

Beyond markets
The Child Allowance Welfare Trap | W
How Other Nations Pay for Child Care. The U.S. Is an Outlier. | N

October 07 (Thursday)

YRI
Dr. Ed’s latest video podcast dated October 3
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing

Markets
Dow closes up 100 points on possible debt ceiling deal progress, recovering 450-point loss | C
Stocks Close Higher After Morning Selloff | W

Central banks
Central Banks and the Looming Financial Reckoning by Willem H. Buiter | Project Syndicate

US I
Subsiding COVID-19 infections boost U.S. private payrolls in September | R
Mitch McConnell offers short-term debt ceiling extension following pressure from Biden | C
Americans are paying the most for gas in seven years | C

US II
Troubled Student Loan Forgiveness Program Gets an Overhaul | N
Student-Loan Forgiveness to Include More Public-Sector Workers | W
The Entitlements of U.S. Decline | W
Who Is Kyrsten Sinema? It’s Complicated | W
How Tight Is Trump’s Grip on the GOP? Take a Look at the Ohio Senate Primary | W

Europe
Boris Johnson Says Low-Paid Migrants Are No Answer to Labor Shortages | W

China
Why Wall Street Backs China Despite Beijing’s Tighter Grip | N
Chinese Property Bonds Hammered by Weak September Sales and a Surprise Default | W

Geopolitics & trade
China Would Be Able to Launch Attack on Taiwan by 2025, Island’s Defense Minister Warns | W
White House says Biden, China’s Xi Jinping expected to meet virtually | C
Iran’s Armed-Drone Prowess Reshapes Security in Middle East | W

Industries & companies
Autos: GM says it will double revenue by 2030 in digital push to be seen more like Tesla | C
Communication services: Facebook Slows New Products for ‘Reputational Reviews’ | W
Energy: Coal Shortages Push Up Prices, Weigh on Economies | W
Retail: Holiday Shopping 2021: Toymakers scramble to get Nerf, LOL Surprise on shelves | C
 
Corporate finance
IAC (IAC) Buys Magazine Titles Including People From Meredith (MDP) | B
Twitter sells MoPub mobile ad network to AppLovin for $1.05 billion | C

Technology
Tesla Full Self-Driving cars and Waymo taxis: Two autonomous vehicle strategies | Vox

October 06 (Wednesday)

YRI
Dr. Ed’s latest video podcast dated October 3
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing

Markets
Stocks Close Higher After Monday’s Selloff; Oil Rally Builds | W

Energy & climate
Europe’s Power Crisis Moves North as Water Shortage Persists | B
Climate Change Is Melting Russia’s Permafrost—and Challenging Its Oil Economy | W
China power supply crunch: Relationship with Australia, GDP outlook | C
The age of fossil-fuel abundance is dead | The Economist

Global
IMF trims 2021 GDP forecast, citing ‘vaccine divide,’ inflation | R

Central banks
Sen. Elizabeth Warren Says Fed Suffers From ‘Culture of Corruption’ | W
Sen. Warren Ratchets Up Pressure on Fed’s Powell, Clouding His Renomination Odds | BR
Fed Chair Jay Powell Wins Support of Majority of GOP Senators on Banking Panel | B
Fed Chair Jerome Powell Faces Reappointment Amid Tumult | N
Derby’s Take: Fed Dove Games Out How Rate Increases Can Address Supply Shock Inflation | W

US
Biden: ‘Real possibility’ Democrats might change Senate rules for debt hike | R
Debt ceiling: Janet Yellen says U.S. faces recession if Congress doesn’t act | C
U.S. expected to raise debt limit, avoid default -Moody’s | R
Congress faces 3 major economic deadlines by year-end | C
U.S. risks losing its ‘edge’ without big infrastructure spending, Biden says | R
White House uses bogus study to justify damaging tax hikes | Washington Examiner
Delta’s Loss Is Service Economy’s Gain—Up to a Point | W

China
China Leaps Ahead in Effort to Rein In Algorithms | W
The End of a ‘Gilded Age’: China Is Bringing Business to Heel | N

Geopolitics & trade
U.S. Trade Deficit Widened to Record in August as Imports Rebound | W
USTR seeks public comment on tariff exclusions for 549 Chinese import categories | R
Blinken Meetings With French Officials Yield No ‘Concrete Actions’ to Strengthen Ties | W

Industries & companies
Communication services: Congress demands Mark Zuckerberg answer questions at Haugen hearing | C
Consumer: PepsiCo Juggles Strong Demand and Supply-Chain Challenges | W
Cruise Lines: Norwegian Cruise Line set to launch full fleet by April, CEO says | C
Energy: Battery giants face skills gap that could jam electric highway | R

Crypto
U.S. Won’t Ban Crypto Like China, Says SEC Chair Gensler | B

Virus
Science Closes In on Covid’s Origins | W
Johnson & Johnson Asks FDA to Authorize Covid-19 Booster | W
WHO says unvaccinated people are ‘dying unnecessarily’ from Covid | C

October 05 (Tuesday)

YRI
Dr. Ed’s latest video podcast dated October 3
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing

Markets
Stocks Fall, Driven by Facebook, Alphabet and Other Tech Stocks | W
Dollar Strength Gives Wall Street Something New to Worry About | W

Energy & climate
France, Spain urge pan-European response to energy price surge | R
OPEC Opts Against Big Output Boost, Pushing Oil Prices to Seven-Year High | W
Amplify Energy Stock Tumbles After California Oil Spill | W

Central banks
Warren urges SEC to open insider trading probe into Fed Vice Chair Clarida, others | C
Fed Prepares to Launch Review of Possible Central Bank Digital Currency | W
Fed’s Bullard: U.S. businesses having no problems raising prices | R
Euro zone ministers expect inflation to slow in 2022 | R

US I
Broader Inflation Pressures Begin to Show | W
U.S. factory orders gain steam as manufacturing keeps humming | R

US II
Biden Warns That U.S. May Breach Debt Limit, Blaming McConnell | B
Biden struggles to secure his ‘New Deal’ to transform U.S. economy | R
Schumer aims to pass Biden infrastructure, Build Back Better plans in October | C
Treasury to Begin Redistributing Rental-Assistance Money to High-Need Communities | W

China
China Evergrande Unit Flags Possible Takeover Bid | W
 
Geopolitics & trade
US-China trade: USTR Katherine Tai vows to enforce phase 1 deal | C
China Flies a Dozen Bombers Near Taiwan, Prompting Protest From Taipei | W
Most Irish global tax concerns met, talks ongoing- ministers | R
 
Industries & companies
Airlines: Global airlines to cut losses 78% to about $12 billion next year, IATA says | C
Communication services: Facebook, Instagram, WhatsApp hit by global outage | R
Retail: Why It’s Easier to Find Expensive Appliances Than Cheaper Ones | W

Corporate finance
Volvo Cars Announces IPO Plan That Could Value It at $25 Billion | W
Qualcomm and SSW to buy auto-parts supplier Veoneer for $4.5 billion | C
 
Virus
Thousands of Unvaccinated New York City School Employees Placed on Unpaid Leave | W
Covid-19 Booster Shots Win Broad Backing From European Regulator | W

October 04 (Monday)

YRI
Dr. Ed’s latest video podcast dated October 3
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing

Markets
China’s Next Bull Market Is Coming. How to Prepare. | BR
Countdown Starts on Chinese Company Delistings After Long U.S.-China Audit Fight | W
 
Energy & climate I
OPEC+ Will Drive Oil Prices Over Coming Months, Says Vitol | B
Why Bank Of America Thinks Oil Prices Are Heading To $100 | OilPrice.com
China’s Energy Crisis Highlights Weaknesses in Xi’s Power Plans | B
China Orders Energy Companies to Secure Supplies for Winter at All Costs | B

Energy & climate II
Record-Breaking Energy Prices Could Soar Even Higher In Europe | OilPrice.com
Europe’s Energy Crisis Worsens As Wind Stops Blowing | OilPrice.com
Europe’s Power Crisis Is Moving North as Water Shortage Worsens | B
Europe is under attack from Putin’s energy weapon | Atlantic Council
Are Carbon Taxes To Blame For Europe’s Energy Crisis? | OilPrice.com
EU Lawmakers Want Gazprom Investigated For Alleged Gas Market Manipulation | OilPrice.com
 
Central banks
Why Powell Could Be Out at the Fed, and What It Means for Markets | BR
Fed’s Powell pledges diversity focus in filling reserve bank openings | R
What Trades Did Fed Vice Chair Richard Clarida Make in 2020? | B

Global
Why Global Shortages Won’t Ruin the Holidays | BR
Semiconductor chip shortage could extend through 2022: Marvell CEO | C

US I
Democrats Weigh Cutting Programs or Reducing Scope to Trim $3.5 Trillion Bill | W
House infrastructure vote: Democrats try to reach budget spending deal | C
Democrats’ Tax Plans Worry High-Income Business Owners | W
House infrastructure vote: Democrats try to reach budget spending deal | C

US II
Factories struggling as supply constraints hit, costs rise | R
Falling Unemployment Could Add to Worries About the U.S. Labor Market | W
Mortgage Payments Haven’t Been This Unaffordable Since 2008 | W
What if Inflation Is Here to Stay? | W

Europe
Emotional Merkel, marking German reunification, calls for tolerance | R

Japan
Japan to compile big extra budget after polls, says LDP heavyweight | R
 
Geopolitics & trade
Record Chinese Aircraft Sorties Near Taiwan Prompt U.S. Warning | W
China air force sends 77 warplanes into Taiwan defense zone over two days, Taipei says | NN
China is not complying with phase 1 deal, Biden trade official will say: Sources | C
U.S. Poised to Unveil China Trade Policy | W
No One Outside Of China Allowed To Attend 2022 Winter Games In Beijing | The Daily Wire

Industries & companies
Airlines: Airlines May Have Survived the Pandemic. That Doesn’t Mean They’ve Become a Good Long-Term Bet. | BR
Autos: Tesla TSLA Q3 2021 vehicle delivery numbers | C
Energy: Natural Gas Prices Are Surging. Here Are the Stocks to Tap the Rally. | BR
Energy: Exxon Sees Green Gold in Algae-Based Fuels. Skeptics See Greenwashing. | W
Financials: Google’s pivot away from bank accounts shows why finance is a tough industry for tech giants | C
Restaurants: Restaurant owners nationwide push to make street-side dining permanent | C

Corporate finance
Volvo Cars Is Finalizing Plans for IPO in Stockholm | W

Technology
Robots Take Over Italy’s Vineyards as Wineries Struggle With Covid-19 Worker Shortages | W

Virus
A few skeptical U.S. hospital workers choose dismissal over vaccine | R
Covid-19 Vaccine Makers Say There Are Enough Doses for Everyone. Poor Countries Are Still Waiting for Shots. | W

Beyond markets
Kabul Faces Blackout as Taliban Don’t Pay Electricity Suppliers | W
Major oil spill washes ashore in California, killing wildlife | C
James Bond is a valuable movie franchise. Here’s how the 007s stack up | C

October 02 (Saturday)

YRI
Dr. Ed’s latest video podcast dated September 26
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing

Markets
Dow climbs 480 points, Nasdaq snaps five-day losing streak as stocks rebound to start October | C
Stocks are at a 70-year high as a share of household financial wealth | C
Lumber Prices Stage a Late Season Rally | W

Global
Factories struggling as supply constraints hit, costs rise | R

Central banks
Fed’s Harker says economy close to achieving inflation goal for rate hikes | R
Bitcoin Price Jumps After Powell Says U.S. Has No Plans to Ban Crypto | W

US I
Key inflation gauge watched by the Federal Reserve hits another 30-year high | C
U.S. consumer spending increases; inflation eroding households’ buying power | R
U.S. manufacturing expands further in September; shortages, prices rising-ISM | R

US II
House infrastructure vote: Democrats try to reach budget spending deal | C
Debt ceiling debate prompts questions about Social Security checks | C
CEOs are at their wits’ end: Don’t know how to get employees back in | C

China
China’s Power Shortfalls Begin to Ripple Around the World | W
Why China’s power crunch is such a big deal | C
China’s power crunch pushes foreign businesses to invest in factories elsewhere | C
 
Geopolitics & trade
U.S. Poised to Unveil China Trade Policy | W

Industries & companies
Airlines: JetBlue, Alaska Airlines: Employees need Covid vaccinations under federal rules | C
Autos: Toyota Outsells GM in the U.S. for Second Quarter in a Row | W
Communication services: Google abandons plans to offer Plex bank accounts to users | C
Retail: Bed Bath & Beyond’s plunge bodes poorly for other retailers: Traders | C
Shipping: DHL Raising Rates for U.S. Shippers by 5.9% | W

Virus
Merck oral Covid treatment reduces risk of hospitalization, death by half for some patients | C
California to require Covid vaccination for K-12 schoolchildren after full FDA approval | C
Supreme Court Allows New York School Vaccine Mandate to Move Ahead | W

Crypto
Biden Administration Seeks to Regulate Stablecoin Issuers as Banks | W

Corporate finance
Hotel Chain Oyo Files for $1.1 Billion IPO in India | W

Beyond markets
Climate Change Is the New Dot-Com Bubble | WIRED
Deaths Raise Safety Concerns Around Gene Therapy | W