Dr. Ed's Blog

July 22 (Thursday)

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

Markets
Bond Rally Undercuts Inflation Fears | W
The bond market is torn over the potential for higher inflation and lower growth | C

Central banks
Fed Chief Powell Enjoys Support for Reappointment, but He’s Not a Lock | W

US I
Republicans sink Schumer’s test vote on bipartisan infrastructure plan | C
Delta Variant of Covid-19 Isn’t Expected to Dent Robust U.S. Recovery | W
Is the U.S. Economy Too Hot or Too Cold? Yes. | N
The Shortage of Starter Homes Extends Beyond Major Cities | W

US II
U.S. Life Expectancy Fell by 1.5 Years in 2020, the Biggest Decline in Generations | W
Truck drivers are essential workers. We need to treat them that way | NN
States Announce $26 Billion Settlement to Resolve Opioid Lawsuits | W

Geopolitics & trade
U.S., Germany strike deal to allow completion of Russian Nord Stream 2 pipeline | C

Industries & companies
Consumer: Coca-Cola Boosts Outlook as Sales Rebound | W
Financials: JPMorgan gives Jamie Dimon special stock option bonus to keep him CEO | C
Health Care: Johnson & Johnson Posts Higher Profit as Healthcare Demand Returns | W
Utilities: PG&E, in Reversal, to Bury Power Lines in Fire-Prone Areas | W

Beyond markets
The Battles to Come Over the Benefits of Working From Home | N

Virus
Covid: Local officials across U.S. are starting to reimpose mask rules as delta variant takes hold | C
U.S. Extends Restrictions on Borders With Canada, Mexico | W
Opening Its Economy as Delta Variant Surges, the U.K. Becomes a Covid-19 Test Case | W

July 21 (Wednesday)

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

Markets
Stocks Rebound After Dramatic Selloff | W

US
U.S. infrastructure deal teeters after Republicans reject IRS funding | R
U.S. housing starts accelerate, building permits skid to eight-month low | R
Low-Wage Workers Now Have Options, Which Could Mean a Raise | N
U.S. states ending federal unemployment benefit saw no clear job gains | R
Will Inflation Rise in 2021 and Hurt Markets? Track These Data Points | B

Geopolitics & trade
Chinese Suppliers to Apple, Nike Shun Xinjiang Workers as U.S. Forced-Labor Ban Looms | W
China Compromised U.S. Pipelines in Decade-Old Cyberattack, U.S. Says | W
How China Transformed Into a Prime Cyber Threat to the U.S. | N
U.S.-German Deal on Russia’s Nord Stream 2 Pipeline Expected Soon | W

Industries & companies
Airlines: United Airlines (UAL) 2Q 21 narrows losses | C
Financials: Wall Street: JPMorgan Exec Says Why Bankers Need to Work 72 Hours a Week | B
Media: Netflix Signals No Acquisition Plans as It Adds 1.5 Million Subscribers | W
Media: Netflix (NFLX) Stock Falls After Forecasting Subpar Growth Next Quarter | B

Corporate finance
Nasdaq to Spin Out Market for Pre-IPO Shares in Deal With Banks | W

Beyond markets
Tokyo Olympics: Covid still threatens event days before it begins | C
The 2021 Olympics Are Turning Into a $20 Billion Bust for Japan | W
Jeff Bezos: Blue Origin space tourist sales approaching $100 million | C

Virus
Delta Variant Accounts for 83% of Known U.S. Covid-19 Cases | W

July 20 (Tuesday)

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

Markets
Wall Street ends sharply lower as Delta variant sparks new lockdown fears | R
Dow tumbles 700 points for its worst drop since October as investors fear a Covid resurgence | C
These stocks are already in a bear market amid Monday’s market sell-off | C
How Jitters About the Global Economy Are Rippling Through Markets | W

US I
U.S. recession ended in April 2020, making it shortest on record | R
Biden says inflation temporary; Fed should do what it deems necessary for recovery | R
Opinion | How Worried Should You Be About Inflation? | N

US II
Carbon Border Tax Is Proposed by Democrats | N
Biden clean energy plan key to restoring industry job losses, says U.S. official | R
Overpaid Unemployment Benefits Total in the Billions During Pandemic | W

Industries & companies  
Biotech: BioNTech Inks Cancer-Focused Deal After Covid-19 Vaccine Success | W
Health Care: U.S. Proposes Raising Penalty for Hospitals That Don’t Publish Prices | W
Tech: Chip Shortage Reaches Smartphone Makers | W
Tech: IBM earnings Q2 2021 | C

Cybersecurity & crypto
Biden Administration Blames Hackers Tied to China for Microsoft Cyberattack Spree | W
Yellen urges quick U.S. adoption of stablecoin rules | R
Apple iPhones can be hacked even if the user never clicks a link, Amnesty International says | C
Malaysian police steamroll $1.25 million worth of bitcoin mining rigs | C

Corporate finance
Zoom to Buy Five9 in All-Stock Deal Valued at $14.7 Billion | W

Virus
U.S. government tells individuals to avoid travel to the UK as Covid cases rise | C
Delta Variant Helps Push Covid-19 Cases Higher in Every State | W
Federal judge rules that Indiana University can require Covid vaccines for students | C

July 19 (Monday)

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

Markets
Record Stock Rally Ignores Wall Street’s Phobia About Optimism | W
Some China Stocks That Trade in the U.S. Could Vanish. What to Know. | BR
42 Stock Picks for a Pricey Market From Barron’s Roundtable Experts | BR
OPEC+ Agrees to Boost Oil Output as Demand Roars Back | W

Central banks
Fed’s Kashkari says many U.S. sectors struggling to adjust to reopening | R

Global
Will the economic recovery survive the end of emergency stimulus? | E
How China Is Helping to Damp Global Inflation | W

US I
Red-Hot U.S. Economy Expected to Cool From Here | W
U.S. consumer sentiment drops in early July on inflation fears | R
Escalating Materials Prices Turn Construction Bids Into a Gamble | W
Chipotle, Target using TikTok to find workers in tight job market | C

US II
U.S. senators drop tax enforcement from bipartisan infrastructure bill | C
Joe Biden’s agenda depends on steering two trains at once | E

Emerging
India’s economy is suffering from long covid | E

Geopolitics & trade
Biden’s new China doctrine | E
China Wants a Chip Machine From the Dutch. The U.S. Said No. | W

Industries & companies
Autos: Selling Your Used Car? You Could Turn a Profit. | W
Biotech: Synthetic Biology Could Be the Next Big Thing. Here Are 3 Stocks. | BR
Cruise lines: CDC’s Covid-19 Cruise Guidelines to Stay in Place for Now | W
Tech: SkyWater CEO: America Is Losing the War for Semiconductors to Asian Manufacturers. National Security Is at Risk. | BR

Technology
The Novel Material That’s Shrinking Phone Chargers, Powering Up Electric Cars, and Making 5G Possible | W

Corporate finance
J&J exploring putting talc liabilities into bankruptcy, sources say | C

Virus
Unvaccinated Americans Are Behind Rising Covid-19 Hospitalizations | W
Facebook refutes Biden claim that it’s ‘killing people’ with vaccine misinformation | C

Beyond markets
‘It’s terrifying’: Merkel shaken as flood deaths rise to 188 in Europe | C

July 17 (Saturday)

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

Markets
Dow drops nearly 300 points on Friday, snaps 3-week winning streak | C
Stocks Decline, End Week With Losses | W
Yield Spread Highlights Embrace of Riskier Debt | W
Earnings could be the biggest driver for markets in the week ahead as investors watch bonds | C
China tech is on sale. Key level to watch if you’re considering buying | C

Central banks
ECB Split on Stimulus Guidance as Policy Makers Consider Drafts | B

US
Higher June Retail Sales Bolsters U.S. Recovery | W
Half of U.S. States Ended Federal Covid-Related Jobless Benefits Early. Here Is How They Compare With the Other Half. | W
Buying a Car Now Is Brutal—New or Used. Read This First. | W
MMT Advocate Stephanie Kelton Says Temporary Inflation Sign of ‘Growing Pains | B
California Faces Fire Threat This Weekend From ‘Dry Lightning’ | B

Japan
Bank of Japan Opens Push on Climate Change in Contrast to Fed | W

Geopolitics & trade
China Officials Share Viral Video Calling for Atomic Bombing of Japan | newsweek.com

Corporate finance
3-D Printing Company Fathom Reaches $1.4 Billion SPAC Deal to Go Public | W

Virus
Covid deaths on the rise again in the U.S. after weeks of decline, CDC says | C
Delta COVID variant now dominant strain worldwide, U.S. deaths surge -officials | R
Biden on Facebook: ‘They’re killing people’ with vaccine misinformation | C
Rising COVID-19 cases in Australia’s Victoria state raise prospect of longer lockdown | R

Crypto
Treasury Secretary Yellen to discuss stablecoins with regulators next week | C

Beyond markets
Floodwaters still rising in western Europe with death toll over 120 | R
Dozens dead, more than 1,000 may be missing after floods in Germany | C
Unemployment: How fraudsters stole benefits from recipients’ accounts | C

July 16 (Friday)

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

Markets
Stocks Mostly Lower After Powell Comments on Inflation, Economy | W

Central banks
Fed’s Powell Concedes Anxiety About Higher Inflation but Resists Policy Shift | W
Jerome Powell Second Fed Term? Yellen Demurs, Says She’ll Talk to Biden | B
Undeterred by global inflation, BOJ to signal prolonged easy policy | R

US
Yellen says concerned about housing prices but inflation to calm | R
Child tax credit payments one of the best forms of government spending: Economist | C
Many Jobs Lost During the Coronavirus Pandemic Just Aren’t Coming Back | W

China
China’s Economic Growth Slows in the Second Quarter | W

Japan
Inflation? Not in Japan. And That Could Hold a Warning for the U.S. | N

Europe
Floods in Germany Leave at Least 40 Dead, Dozens Missing as Rain Deluges Europe | W

Geopolitics & trade
Biden Says U.S. to Warn Business on Deteriorating Hong Kong | B
China Buys Friends With Ports and Roads. Now the U.S. Is Trying to Compete. | W

Industries & companies
Financials: How Is the Economy Doing? Here’s What Banks Say | W

Corporate finance
Intel Is in Talks to Buy GlobalFoundries for About $30 Billion | W

Virus
Los Angeles County restores indoor mask mandate for all | C

Beyond markets
Is a Graduate Degree Worth the Debt? Check It Here. | W

July 15 (Thursday)

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

Markets
Stocks Up Slightly After Powell Speaks to Congress | W
The junk bond market is on fire this year as yields hit a record low | C

Central banks
Fed’s Powell keeps to script on jobs recovery, feels heat on inflation front | R
Powell Says Fed Still Expects Inflation to Ease | W

US I
What’s in Democrats’ $3.5 Trillion Budget Plan—and How They Plan to Pay for It | W
Child Tax Credit Payments Start This Week: Who Is Eligible and How Much Are They? | W
Not All Infrastructure Projects Are Worth Doing, Research Paper Finds | W

US II
Job gains strong, prices rising as U.S. recovery continues -Fed Beige Book | R
Social Security cost-of-living increase for 2022 may be largest in decades | C
You’re Paying More for Food—And You Might Not Know It | W
Lumber Prices Are Way Down—but Don’t Expect New Houses to Cost Less | W
U.S. Drug-Overdose Deaths Soared Nearly 30% in 2020, Driven by Synthetic Opioids | W

Geopolitics & trade
U.S. Senate passes bill to ban all products from China’s Xinjiang | R
EU, China Unveil Sweeping Plans to Cut Greenhouse-Gas Emissions | W
 
Industries & companies
Autos: GM warns some Bolt EV owners: Don’t park them inside or charge them unattended | C
Consumer: J&J Recalls Aveeno, Neutrogena Spray Sunscreens | W
Financials: Biggest U.S. banks smash profit estimates as economy revives | R
Financials: Bank of America’s Profit More Than Doubles, but Revenue Takes a Hit | W

Corporate finance
Blackstone Enters Deal to Manage AIG Life and Retirement Assets | W
NortonLifeLock in Talks to Buy Avast | W

Virus
Covid cases are surging again in Latin America and the U.S., WHO officials warn | C

Beyond markets
Two-Thirds of Miami Condo Buildings Are Older Than 30 Years. The Repair Bills Are Coming Due. | W

July 14 (Wednesday)

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

Markets
Stocks Fall Following Inflation Data Report | W

Central banks
As consumers fret about near-term inflation, the Fed is watching closely. | N
Analysis: Investors pivot to Powell after more hot U.S. inflation data | R

US I
U.S. consumer prices post largest gain in 13 years; inflation has likely peaked | R
Inflation Rose in June With C.P.I. Up 5.4 Percent | N
Inflation Accelerates Again in June as Economic Recovery Continues | W

US II
Surging prices for used cars, gasoline, food and airfares are driving the jump in inflation | C
Inflation has many retirees worried about outliving their nest eggs | C
‘New York is back’ — broker says the city’s real estate market is heating up at all levels | C

US III
Jim Cramer: Levi’s, American Eagle among stocks to benefit from enhanced child tax credit | C
The IRS is sending out 4 million refunds related to 2020 unemployment | C
U.S. Oil Consumption Surging With Industry Firing at Full Blast | B
Opinion: Rising gas prices will hurt low-income families the most. The government needs to help | NN
Cargo Owners Applaud White House Order on Competitiveness | W

Industries & companies
Airlines: American Airlines shares rise on carrier’s better second-quarter forecast | C
Financials: Big Banks’ Earnings Raise Doubts Over What’s Next | BR

Geopolitics & trade
Yellen Says EU Delay on Digital Tax Helps Global Corporate Tax Deal | W
Biden’s Sharp-Elbows China Policy Hints at More Trump-Style Pain | B

Climate
Al Gore Warns Greenwashing May Stop Climate Fight In Its Tracks: Green Insight | B

Corporate finance
Broadcom No Longer in Talks to Buy SAS Institute, Sources Say | W

Tech
Humanoid Robot Keeps Getting Fired From His Jobs | W
Elon Musk Says ‘Goal Is Not to Be a Car Company’ in Defense of Tesla’s SolarCity Deal | W

Virus
U.S. Covid-19 Case Counts Have Doubled in Recent Weeks | W
Hospitalizations rising again as delta variant spreads among the unvaccinated, doctors say | C

July 13 (Tuesday)

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

Markets
Nasdaq, S&P 500 scale new peaks as focus turns to earnings, economic data | R
How to Solve the Mystery of Falling Bond Yields | W

Central banks
ECB to chart new policy path next week | R

Global
Governments World-Wide Gorge on Record Debt, Testing New Limits | W

US I
Inflation expectations surge, hitting new high for New York Fed survey | C
Inflation Threat May Be Boosted by Changes in Globalization, Demographics and E-Commerce | W
Homebuyers are finally catching a break as new listings rise and mortgage rates drop | C

US II
Democrats Hone Price Tag for Climate and Antipoverty Package | W
Opinion | California Wakes Up From Its Dream | N
Aging population to hit U.S. economy like a ‘ton of bricks’ – U.S. commerce secretary | R

Industries & companies
Media: Disney raises price of ESPN+ by a dollar to $6.99 per month, keeps bundle with Hulu and Disney+ unchanged | C
Restaurants: McDonald’s reportedly adds tuition, child care to sweetened benefits in a bid to attract new workers | C
Tech: Chip Shortage’s Latest Toll: A Shortage of Work Trucks | W

Virus
France Reimposes Restrictions as Delta Variant Spreads | W
France insists health workers get COVID-19 shots as infections rise | R
Most fully vaccinated people who get Covid delta infections are asymptomatic, WHO says | C
Clues to Covid-19’s Origins Include Anonymous Skin Sample in Italy | W
FDA to announce new warning on J&J Covid vaccine related to a rare autoimmune disorder, report says | C
New Coronavirus Variants Seen as Too Contagious for Hotel Quarantines | W
Brazil’s federal police open probe into Bolsonaro over vaccine deal – source | R

Corporate finance
Broadcom in Talks to Buy Software Firm SAS | W
Microsoft agrees to buy security software provider RiskIQ | C
ByteDance Shelved IPO Intentions After Chinese Regulators Warned About Data Security | W

Tech
Are We in the Metaverse Yet? | N
Looking for a Greener, Smoother Way to Travel? Behold, the Blimp 2.0 | W

Crypto & cybersecurity
Cryptocurrency trading volume plunges as interest wanes following bitcoin price drop | C
Cyberattacks and Ransomware: How Can We Protect Our Energy Infrastructure? | W

Offbeat
WHO Panel Issues Gene-Editing Standards Aimed at Averting DNA Dystopia | W

July 12 (Monday)

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

Markets
The Markets Have Prospered. Why Are So Many People Worried? | N
Earnings Kick Off With Sky-High Forecasts, Record Stock Market | W

Credit
Treasury rally leaves investors scrambling for yield plays | R
Junk-Bond Rally Pulls Yields Below Inflation | W
Ron Insana: The bond market agrees with the Federal Reserve — inflation is temporary | C
Don’t rely on markets to see inflation threat, says Summers | R
Wall Street’s Math Whizzes Are Racing to Wire Up the Bond Market | B

Global
The new fault lines on which the world economy rests | E
Will surprisingly high global inflation last? | E

Central banks
Central banks face a daunting task: tapering without the tantrum | E
Fed’s Quarles seeks global coordination on climate-related financial risk | R

US
Yellen says tax changes for large firms may not be ready until 2022 | C
Global Tax Deal Heads Down Perilous Path in Congress | W
Is the US labor shortage the big break AI needs? | TechCrunch
Higher Inflation Is Here to Stay for Years, Economists Forecast | W
Joe Biden’s Sweeping Executive Order on Big Tech, Explained | gizmodo.com

China
China’s communists take control of tech | E
China condemns ‘unreasonable suppression’ as U.S. expands economic blacklist | R

Industries & companies
Restaurants: These restaurant chains have raised wages or offered bonuses | C
Restaurants: McDonald’s minimum wage raise and the fast food franchise future | C
Tech: Apple AirPod battery life problem shows need for right-to-repair laws | C

Virus
Young Americans Aren’t Getting Vaccinated, Jeopardizing Covid-19 Fight | W
Australia’s Delta Outbreak Shows Vaccines Protect Against Hospitalization | W
Unvaccinated Belgian woman contracted two COVID variants simultaneously | R

Cryptocurrency
Binance Froze When Bitcoin Crashed. Now Users Want Their Money Back. | W

Beyond markets
Virgin Galactic Successfully Sends Richard Branson to Space | gizmodo.com
The Race to Sustainable Abundance by Michael R. Bloomberg, Saleemul Huq and Agnes Kalibata | Project Syndicate