Dr. Ed's Blog

August 14 (Saturday)

YRI
Dr. Ed’s latest video podcast
Daily Markets Overview
Today’s Morning Briefing
Productivity Will Battle Inflation and Send Stocks Higher, Says Ed Yardeni | BR

Markets
Dow, S&P close at records as Disney offsets drop in sentiment | R
Stocks Close Higher After Trading in Narrow Range | W
Rally in recovery-focused stocks could depend on consumers, Fed in week ahead | C
U.S. equity funds see their third successive weekly inflow- Lipper | R

Central banks
Analysis: As Fed shifts gears, shaping consensus gets trickier for Powell | R

US
Delta Variant Drops Small-Business Confidence to Lowest Level Since March | W
Consumer sentiment measure falls to pandemic-era low, sees one of largest drops on record | C
U.S. Inflation Forecasts Keep Rising as Supply Constraints Loom | B
Federal judge denies landlords’ request to block CDC national eviction ban | C
Child Tax Credit Payments Rise in Second Month | W
The Wedding Business Is Booming, a Short-Term Jolt to the Economy | N
 
Geopolitics & trade
Taliban Seize Kandahar, Prepare to March on Afghan Capital Kabul | W
 
Crypto
Opinion: Central bank digital currencies are coming. The US must be prepared | NN

Virus
Job Postings Requiring Covid-19 Vaccination Jump in Past Month | W
Covid-19 Cases Surge as Students Return to Schools | W
The World May Never Reach Herd Immunity Against Covid-19 | B
CDC Recommends Booster for Immunocompromised People | W
Mississippi seeks doctors, nurses, ventilators as Covid patients pack ICU beds | C
Texas Covid: Abbott deploys 2,500 out-of-state medical workers as younger patients crowd hospitals | C

Beyond markets
Digital Addictions Are Drowning Us in Dopamine | W
Remote work and the fight to make parenting better for mothers and their careers | Vox

August 13 (Friday)

YRI
Dr. Ed’s latest video podcast
Daily Markets Overview
Today’s Morning Briefing

Markets
Dow, S&P 500 Climb to Records After Economic Data | W
Global ETF Assets Hit $9 Trillion | W
One Number to Gauge Where the Economy Is Headed | N
Half of Lumber Dealers Now Sit on Excess Inventory in the U.S. | B
Lumber executive says drop in prices has reignited demand for building projects | C

Central banks
Fed framework gives rise to mash-up of views, averaging strategies | R

US I
Fund managers position for transitory U.S. inflation | R
U.S. Jobless Claims Fell Last Week | W
July C.P.I. Report: Inflation Rose Quickly Again | N
U.S. producer prices at more than decade high; jobless claims fall | R
Welcome to the peak everything market and economy | NN
Home Prices Jumped Across the U.S. in Second Quarter | W
Your Daily Coffee Habit Is About to Get More Expensive | N

US II
Bill Gates Pledges $1.5 Billion for Infrastructure Bill’s New Climate Projects | W
U.S. Census 2020: Population More Racially, Ethnically Diverse Than Ever | B
The Next Financial Crisis is Coming | Newsweek

Geopolitics & trade
Massive China Port Shutdown Raises Fears of Closures Worldwide | B

Industries & companies
Aerospace: Boeing’s Starliner Launch Could Face Delay of Several Months | W
Autos: Production issues to delay Ford Bronco and Mustang Mach-E deliveries | C
Communications services: Facebook delays return to office until January 2022 for U.S., some international employees | C
Media: Disney (DIS) fiscal Q3 2021 earnings | C
Media: Disney+ reaches 116 million subscribers after ‘Loki’ release | C

Corporate finance
Global M&A volumes hit new record in 2021, overtaking last year’s haul | R
Reddit Valuation Soars to $10 Billion in New Funding Round | W

Virus
Covid-19 Rise, Vaccine Hesitancy Frustrate Doctors in Hospitals Saturated by the Delta Variant | W
San Francisco vaccine mandate: Breed requires full Covid vaccination for indoor activities | C
Supreme Court rejects challenge to Indiana University’s vaccination requirement | C
CDC says over 90% of U.S. counties now meet its Covid guidelines for masks indoors | C
CDC Director Says She’s Struggling to Communicate With Americans About Covid-19 Amid Politics, Mistrust | W

August 12 (Thursday)

YRI
Dr. Ed’s latest video podcast
Daily Markets Overview
Today’s Morning Briefing

Markets
Stocks Rise on Infrastructure Prospects, Inflation Data | W
White House Urges OPEC to Boost Oil Output Amid Covid-19 Economic Recovery | W

Central banks
Fed officials grapple over timeline for tapering asset purchases | R

US
U.S. consumer price increases slow in July, signs inflation peaked | R
Inflation Stayed High in July as Economy Rebounded | W
Will the Pandemic Productivity Boom Last? | N
Democrats’ $3.5 Trillion Budget Framework Exposes Party Tensions | W
Covid-19 Rent-Relief Program Marred by Delays, Confusion, Burdensome Paperwork | W
The big drop in American poverty during the pandemic, explained – Vox

Japan
Japan wholesale inflation hits 13-year high as import costs rise | R

Geopolitics & trade
Yellen Weighs Visit to China, Her First as Treasury Secretary | B

Industries & companies
Airlines: Southwest Airlines Says Delta Variant Is Hurting Its Business | W
Tech: The Lesson to Learn From Apple’s Tool to Flag Child Sex Abuse | N

Crypto
$600 million gone: The biggest crypto theft in history | NN

Virus
FDA Set to Clear Third Covid Vaccine Dose for Immunocompromised Patients | B
All California Teachers Must Be Vaccinated or Tested Weekly for Covid-19 | W

August 11 (Wednesday)

YRI
Dr. Ed’s latest video podcast
Daily Markets Overview
Today’s Morning Briefing

Markets
Stocks Rise on Earnings, Energy-Led Gains | W

Central banks
Progressive Opposition to Jerome Powell Clouds His Chances for Second Term as Fed Chairman | W
Fed’s Evans: Wants “few more” job reports before bond taper | R
Fed’s Evans Open to Reducing Asset Purchases Later This Year | W

US I
Inflation likely to be another scorcher in July, economists say | C
Inflation wiped out America’s pay raises | NN
Millions of Americans Are Unemployed Despite Record Job Openings | W
U.S. small business optimism drops as labor shortages persist | R
U.S. productivity growth slows in Q2; labor costs revised down in Q1 | R

US II
Senate Passes Bipartisan Infrastructure Bill | W
What’s next for bipartisan infrastructure bill | C
How the $1 trillion infrastructure bill will direct billions toward tech spending | C
Senate Moves to Pass Democrats’ $3.5 Trillion Budget Blueprint | W
Who is Kathy Hochul? Meet Andrew Cuomo’s successor as NY governor | C

Industries & companies
Entertainment: AMC hopes the box office reaches $5.2 billion, why that’s a big ask | C

Virus I
WHO says it urgently needs $7.7 billion to help poorer nations survive delta Covid variant | C
U.S. government sends hundreds of ventilators to Florida as Covid surge continues | C
Texas Hospitals Are Near Capacity as Covid-19 Surges Again | W
Florida, Texas schools defy governors’ bans on mask mandates as COVID cases soar | R
Breakthrough Covid cases: Why fully vaccinated people can get Covid | C
Some People Shy Away From Restaurants as Delta Variant Spreads | W
France, Italy Require Proof of Covid-19 Status for Restaurants, Bars | W

Climate
How Much Carbon Comes From a Liter of Coke? Companies Grapple With Climate Change Math | W

August 10 (Tuesday)

Markets
Oil Prices Slide on Worries That Delta Variant Will Crunch Demand | W

Central banks
Fed officials say tapering is near, advancing discussion on rate hike | R
Fed’s Barkin: Inflation likely to remain at Fed’s 2% target | R
Opinion | Why Biden Will (Probably) Keep This Republican on His Team | N

US I
Senate Democrats Outline $3.5 Trillion Antipoverty, Climate Plan | W
Democrats release budget resolution as Senate works on infrastructure bill | C
U.S. Senate Democrats push ahead two-track infrastructure votes | R
Biden Administration’s New Eviction Moratorium Receives Mixed Court Reception | W
Why Do We Make Things So Hard for Renters? | N
How to invest in single-family rentals without buying a house | C

US II
Job openings surge above 10 million for first time ever, Labor Department says | C
Unfilled Job Openings Outnumber Unemployed Americans Seeking Work | W
U.S. job openings surge to new record high, hiring increases | R

China
China’s Producer Prices Jump Despite Efforts to Cool Commodities Costs | W

Industries & companies
Media: NBC Draws Its Lowest Summer Olympics Ratings Ever for Tokyo Games | W
Media: AMC reaches deal with Warner Bros. for 45 days theatrical exclusivity | C

Crypto
$1 trillion infrastructure bill: How two cryptocurrency amendments began a conversation on digital rights | Vox
Crypto compromise amendment blocked in Senate infrastructure vote | C
AMC says it will accept bitcoin as payment for movie tickets by year-end | C

Virus
Delta variant pushes U.S. cases, hospitalizations to 6-month high | R
As Delta Variant Spreads, Florida Hospitals Race to Find Open Beds | W
Pentagon to Mandate Covid-19 Vaccine for U.S. Service Members | W
Canada Reopens U.S. Border to Fully Vaccinated Americans | W

Climate
U.N. climate change report sounds ‘code red for humanity’ | R

August 09 (Monday)

YRI
Dr. Ed’s latest video podcast
Daily Markets Overview
Today’s Morning Briefing

Markets
Get Ready for a Shift Away From U.S. Stocks | BR
Cash Is Flooding Into Short-Term Markets Like Never Before. Is That a Bad Sign? | W
Gold as an Inflation Hedge: What the Past 50 Years Teaches Us | W
KWEB: China’s regulatory crackdown creates value in parts of market | C
8 Stocks to Buy for a Return to the Office—When It Comes | BR
5 Infrastructure Stocks That Still Look Like Bargains | BR

Central banks
Rising Rents Pose Risks to the Fed’s Inflation Outlook | W

US I
Record Pace for Corporate Earnings Keeps Stocks Buoyant | W
Companies growing more cautious about delta variant, earnings calls show | C
Companies Thought They Had Plans for Fall. Now They Are Scrapping Them | W
The Pandemic Business Boom | The Atlantic

US II
There are about 1 million more job openings than people looking for work | C
Mandating vaccines amid a worker shortage could spell trouble for corporate America | NBC
Amid the Labor Shortage, Robots Step in to Make the French Fries | W

US III
Senate slog to pass infrastructure bill goes on over weekend | C
Infrastructure Bill’s Boost to Economy Is Likely to Be Limited | W
Biden’s Electric-Car Ambitions Face Real-World Roadblocks | W

China
China’s Attempts to Take the Stress Out of Schooling Sparks Its Own Angst | W

Industries & companies
Communications: Verizon, AT&T try to convince Americans they need 5G now | C
Consumer: Here’s a Consumer-Staples Stock That’s Diverse—and Cheap | BR
Consumer: Rising Covid Cases Could Help Clorox Stock Climb Higher. How to Play It. | BR
Energy: Buy Royal Dutch Shell Stock. It Offers Yield and Is Cheap. | BR
Financials: Berkshire Hathaway BRK earnings Q2 2021 | C
Tech: Apple can’t protect your privacy. But you can | LA Times
Tech: Deal Of The Century: How Michael Dell Turned His Declining PC Business Into A $40 Billion Windfall | FO
Tech: The chip shortage is a self-solving problem | E
 
Technology & digital currency
The promise of open-source intelligence | E
Why regulators should treat stablecoins like banks | E

Corporate finance
Companies and Families Are Loading Up on Debt. It Could Be a Dangerous Trend. | BR

Virus
U.S. is now averaging 100,000 new Covid infections a day | C
Scientists’ pandemic response could be even faster next time | E

Beyond markets
The Inside Story of How We Reported the Secret IRS Files | ProPublica
Invasive Insects and Plants Spread Northward | W

August 07 (Saturday)

YRI
Daily Markets Overview
Today’s Morning Briefing

Markets
Dow rises 100 points, closes at record high after jobs report shows strong economic recovery | C
U.S. Government Bond Yields Rose After Jobs Report | W
Analysis: Where will yields go? Investors weigh U.S. jobs data against Delta fears | R

Central banks
Manchin Urges The Federal Reserve To Address Threat of Inflation: Don’t Overheat Our Economy
Fed’s Kaplan Calls for Gradual, Balanced Bond Tapering Soon | B
July’s strong jobs report could prepare the Federal Reserve to dial back its bond-buying program | C
Analysis: U.S. jobs report bolsters case for Fed to taper asset purchases | R

US I
U.S. Economy Added 943,000 Jobs in July, Unemployment Rate Fell to 5.4% | W
U.S. job growth seen strong as technical factors provide a boost | R
This Is the Job Market We’ve Been Waiting For | N
Biden warns of economic peril from Covid despite July job gains | C
Opinion: US isn’t heading for another housing crisis | NN

US II
Consumer Borrowing in U.S. Surged in June by Most on Record | B
U.S. consumer credit grows at record rate in June | R
Student-Loan Payment Relief Extended to Early 2022 | W
Eviction Ban ‘Necessary’ to Prevent Delta Spread, DOJ Says | B

China
China’s Antitrust Regulator Planning to Fine Meituan About $1 Billion | W

Geopolitics & trade
U.S. is concerned about China’s growing nuclear arsenal, Blinken says | C

Industries & companies
Retail: Walmart Gives Special Bonuses and Pay Raises to Keep Warehouse Workers | W
Tech: Apple’s privacy reputation is at risk with new changes | C

Virus
Covid: Half of Americans are now fully vaccinated, White House says | C
Unvaccinated More Than Twice as Likely to Get Covid-19 Again, CDC Says | W
Amazon to Require Masks for Warehouse Workers as Delta Variant Surges | W
 
Beyond markets
Disney ‘should be ashamed’ | C

August 06 (Friday)

Central banks
Joe Manchin Says Fed Should Reverse Easy-Money Policies | W

US
U.S. Trade Deficit Widened to Record in June, Showing Strong Pre-Delta Demand | W
U.S. Jobless Claims Remain at Elevated Level After Steady Declines | W
U.S. unemployment rolls shrinking in boost to labor market recovery | R
Detroit Area’s Hot Job Market Compares With Austin’s, but Challenges Remain | W
Infrastructure bill: CBO says bipartisan plan would add to budget deficits | C

China
China’s Corporate Crackdown Is Just Getting Started. Signs Point to More Tumult Ahead. | W

Industries & companies
Airlines: FAA Asks Airports to Help Deal With Surge in Unruly Passengers | W
Energy: Exxon Considers Pledging ‘Net Zero’ Carbon by 2050 | W
Restaurants: Beyond Meat says delta fears, labor woes prompt fewer restaurant orders | C
Tech: Apple will report child sexual abuse images on iCloud to law | C
Tech: From Ford trucks to Xbox, the chip shortage is still causing problems | Vox
Tech: Foxconn to Buy Semiconductor Manufacturing Facility | W

Crypto
Going for Broke in Cryptoland | N
Bitcoin: JPMorgan, led by Jamie Dimon, quietly unveils access to a half dozen crypto funds | C

Virus
U.S. plans to give extra COVID-19 shots to at-risk Americans, Fauci says | R
FDA Covid-19 Vaccine Booster Plan Could Be Ready Within Weeks | W
CNN Fires Three Employees for Coming to the Office Unvaccinated | B
Delta Variant’s Impact on Return to Work: Wall Street Banks Delay Plans | B

Beyond markets
Return to Work: Americans Willing to Take Pay Cut to Never Go Back to the Office | B

August 05 (Thursday)

YRI
Daily Markets Overview
Today’s Morning Briefing

Markets
S&P 500 falls from record high as job growth slows | R
Stocks Fall on Concerns of Faltering Recovery | W
Shale Company Profits Capped by Wrong-Way Bets as Oil Prices Rose | W

Central banks
Key Fed official sees rates liftoff in 2023 as policy debate heats up | R

US
U.S. services sector growth accelerates despite supply constraints | R
Senate infrastructure vote: Schumer tries to pass bipartisan bill | C
An early end to federal unemployment pay is not getting people to work | C
Legal Battle Looms Over New Eviction Moratorium | W

China
China Wants Manufacturing—Not the Internet—to Lead the Economy | W

Industries & companies
Autos: Auto Makers Aim to Boost EV Sales to 40%-50% of U.S. Sales by 2030 | W
eCommerce: Etsy earnings Q2 21, stock plunges on weak guidance | C
Media: Disney’s Galactic Starcruiser will take you to a galaxy far, far away | C
Tech: GM Reveals Hit From Chip Shortage, Rising Costs | W

Corporate finance
Robinhood’s stock surges as much as 81% in second day of wild trading | C

Technology
What if Highways Were Electric? Germany Is Testing the Idea. | N
 
Virus
FDA Weighs Faster Timeline for Approving Pfizer Vaccine | W
Exclusive: U.S. developing plan to require foreign visitors to be vaccinated, official says | R
NYC’s new vaccine policy erases kids from public life | P

August 04 (Wednesday)

YRI
Daily Markets Overview
Today’s Morning Briefing

Markets
S&P 500 closes at record high as Apple, healthcare stocks help shrug off Delta worries | R
Stocks Climb, Boosted by Earnings Optimism | W
Incident with multiple tankers in Gulf of Oman raises concerns in oil market | C

US I
Slow slog in U.S. Senate for $1 trillion infrastructure bill | R
Congress’s fiscal referees, CBO and JCT, guide fate of Biden bills | R
Biden Administration Issues New Eviction Moratorium | W
CDC issues new eviction ban effective through Oct. 3 | C

US II
Solid U.S. factory orders, business spending on equipment point to enduring manufacturing strength | R
U.S. demand for household debt climbed in Q2, New York Fed report shows | R

China
Tencent Sinks After China Denounces Online Gaming | W

Industries & companies
Media: Cable, Internet Companies Stand to Gain From Broadband Funding in Infrastructure Bill | W

Virus
Florida Battles Record Covid-19 Hospitalizations, as Delta Variant Surges | W
Tyson Foods to Require Covid-19 Vaccines for All U.S. Workers | W
As Covid-19 Recedes in India, Bars Are Full and Masks Are Optional | W
J&J Covid vaccine recipients can get supplemental Pfizer or Moderna dose in San Francisco | C

Crypto
Crypto ‘Wild West’ Needs Stronger Investor Protection, SEC Chief Says | W

Corporate finance
Robinhood surges more than 24%, blows past $38 IPO price | C

Beyond markets
Why remote work is a big problem for the economy | NN
Law School Loses Luster as Debts Mount and Salaries Stagnate | W
Biden calls on Cuomo to resign | C