Dr. Ed's Blog

June 03 (Thursday)

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

Markets
It could be a hot summer ahead for oil prices | C

Central banks
Fed Plans to Wind Down a Pandemic Corporate Credit Facility | B
Fed to Sell Corporate Bonds and ETFs Acquired During Covid-19 Crisis | W

US I
The Economic Recovery Is Here. It’s Unlike Anything You’ve Seen. | W
U.S. Economic Activity Picked Up in Spring, Fed Beige Book Says | W
Amid hiring troubles, rising prices, U.S. growth gains speed -Fed | R

US II
Half of U.S. states to end Biden-backed pandemic unemployment early | R
U.S. Eviction Moratorium Will Stay in Place, Appeals Court Says | B
Infrastructure bill: Joe Biden and Shelley Moore Capito to meet Friday | C

Europe
EU set to unveil digital wallet fit for post-Covid life | FT

Japan
Japan’s service sector shrinks for 16th straight month as health crisis hits demand | C

Industries & companies
Energy: Activist Likely to Gain Third Seat on Exxon Board | W
Media: AMC trading frenzy doubles stock price | C
Retail: Bed Bath & Beyond stock surged 60% as turnaround plans speed ahead | C
Tech: Microsoft to unveil new version of Windows on June 24 | C

Cybersecurity
Ransomware Scourge Continues as Essential Services Are Hit | W
Ransomware Attack Hits Martha’s Vineyard Ferry Service | W
Hacker group DarkSide operates in a similar way to a franchise, New York Times reporter says | C

Virus
Developed Countries Lock Up Covid-19 Vaccines Through 2023 | W
Immunocompromised People Turn to Covid-19 Vaccine Booster Shots | W

June 02 (Wednesday)

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

Markets
S&P 500 dips, as healthcare weighs; Dow ends higher | R
The Wall Street Players Who Worry Inflation Heralds Wild Markets | W
Oil Price Rises to Two-Year High as OPEC and Allies See Higher Demand | W
Oil demand will reach pre-pandemic levels in mid-2022, analyst says | C

Cybersecurity
U.S. says ransomware attack on meatpacker JBS likely from Russia | C
JBS Says ‘Vast Majority’ of Plants Will Be Operational Wednesday | B
Meat Buyers Scramble After Cyberattack Hobbles JBS | W
U.S. needs to put more pressure on the perpetrators of recent cyberattacks, congressman says | C
 
Central banks
Fed’s Brainard: more ‘progress’ on recovery ahead, though still far from goals | R
U.S. labor market worse than it appears, Fed paper suggests | R

Global
Global Shortages During Coronavirus Reveal Failings of Just in Time Manufacturing | N

US I
Biden to host Republican senator Wednesday for infrastructure talks -White House | R
Biden’s proposed 39.6% top tax rate would apply at these income levels | C
Stimulus Checks 2021: Is Government Cash as Economic Policy Here to Stay? | B
Biden names Harris to lead administration’s effort to protect voting rights | C

US II
Manufacturing Surges, but Shortages May Persist | W
Return to Office: Employees Are Quitting Instead of Giving Up Work From Home | B
The Southwest Is America’s New Factory Hub. ‘Cranes Everywhere.’ | W

China
Chinese Factories Delay New Orders as Costs Rise, Risking Global Supply Shortages | W
China’s Factory Activity Slipped in May, but Consumer Spending Held Up | W
China Delivers Three-Child Policy, but It’s Too Late for Many | W
China Adds More Parks to Its Cities to Raise Quality of Life | N

Industries & companies
Media: How ViacomCBS’s Content Deals Cost U.S. Taxpayers $4 Billion | N
Media: AMC’s CEO wants to use the meme frenzy as a springboard for growth | C

Corporate finance
KKR, CD&R Strike $5.3 Billion Deal to Buy Cloudera | W

Virus
Mixing and Matching Covid-19 Shots in Fully Vaccinated People Is Subject of New Study | W

June 01 (Tuesday)

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

Markets
Stocks week ahead: Why investors should look beyond Big Tech | NN
China Takes Its Most Visible Measure Yet to Curb Yuan’s Rally | B
Run a Quality Check to Limit Chances of a Dividend Stock Shock | BR

Central banks
Will President Biden Re-Appoint Jerome Powell? It Really Doesn’t Matter. | Forbes
German inflation pushes further above ECB target in May | R
Fed’s Taper Talk Is Pre-Emptive Strike Against Inflation Fears | B
Digital Yuan Not Intended as Surveillance Tool: Ex-PBOC Official | B

Global
OECD raises growth forecasts on vaccine rollouts, U.S. stimulus | R
A Resurgent World Economy Is Seen Leaving Many Behind | B

US I
Economy can handle the sharp rise in inflation: market bull Ed Yardeni | C
How to Know When Inflation Is Here to Stay | W
U.S. Manufacturers Blame Tariffs for Swelling Inflation | W
The Luckiest Workers in America? Teenagers. | N
Why It’s So Hard to Fill Jobs in Certain States | W

US II
Biden Administration Extends Bipartisan Infrastructure Talks Into June | W
First Biden Budget Retains Trump-Era Business Tax Break | W
Texas Democrats stage walkout to stop debate on restrictive voting bill | C

Emerging
China announces three-child policy in a major policy shift | C
India’s economic growth picks up before huge COVID-19 wave hit | R

Geopolitics & trade
Russia tells U.S. to expect ‘uncomfortable’ signals ahead of Putin-Biden summit | C

Industries & companies
Energy: Big Oil’s Bad Week Is Good News for Investors | BR
Energy: Exxon Mobil’s Humbling Might Be Just the Beginning | BR

Virus
U.S. Covid cases lowest in a year as Memorial Day travel picks up | C
‘Open Air’ Effect Gave the South a Break From Covid-19 Spring Surge | W

Climate
To Slow Climate Change, Australia Turns to Its Coastline | W

Offbeat
The Chip Shortage Is a Good Reason to Buy These Stocks | BR
How to Cash in on the Shortage of Just About Everything | BR
Opinion | Working Less Is a Matter of Life and Death | N
The Great American Reunion | W

May 29 (Saturday)

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

Markets
S&P, Dow End Month Higher as Investors Weigh Inflation Data | W
S&P 500 gains slightly to wrap up 4th straight positive month, sits less than 1% from record high | C
U.S. Corporate Bond Spreads Hit 14-Year Low as Economy Resurges | B
Convertible-Bond Sales Are Soaring in 2021—Often at 0% Interest | W

US I
Money is cheap, let’s spend it – White House $6 trillion budget message | R
Here’s One Thing Missing from President Biden’s Budget: Booming Growth | N
Biden Budget Shows Focus on Wealth Redistribution, Not Growth | B
Biden’s big budget comes with a modest growth outlook for an aging country | R
Biden budget includes spending plans, boost in health, education funds | C
Pentagon asks for $715 billion in 2022 Defense budget | C
 
US II
Biden says rising wages are a sign his economic agenda is working | C
Biden infrastructure plan: Schumer says Senate Democrats will work on bill in June | C
Americans Boosted Spending, Adding Fuel to Economic Growth | W
Pent-up demand, shortages fuel U.S. inflation | R
 
Geopolitics & trade
Biden’s Asia Czar Kurt Campbell Says Era of Engagement With China Is Over | B
 
Industries & companies
Aerospace: Boeing Dreamliner Deliveries Face New Delays | W
Airlines: U.S. airlines refunded $12.8 billion to travelers in 2020, industry group says | C
Autos: Tesla starts using cabin cameras for driver monitoring | C
Media: AMC short sellers dealt massive $1.2 billion blow after stock rally | C
Retail: Costco is seeing inflation abound, impacting a slew of consumer products | C

Cryptocurrency
‘Superman’ Forced to Surrender Crypto in ATM Laundering Bust | B
Bitcoin mine discovered by UK police on cannabis farm raid | C

Virus
CDC eases summer camp Covid guidance, says fully vaccinated teens don’t need masks | C
Employers Can Require Covid-19 Vaccine Under Federal Law, New Guidance States | W
European Union Approves Pfizer-BioNTech Vaccine for Adolescents | W
India’s Covid Surge Hit Young Patients Hard and Fast | W

May 28 (Friday)

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

Markets
Wall Street ekes out gain as weekly jobless claims fall | R
Five ways to trade the divergence in the Chinese yuan and U.S. dollar | C
 
Central banks
Fed’s Kaplan cites real estate excesses as one reason to start tapering purchases | C
Half a Trillion Dollars Is Sitting at the Fed Earning Nothing | B
 
US
Senate Republicans Unveil $928 Billion Infrastructure Offer | W
Biden’s budget will include $5 trillion in new federal spending over the next decade | C
Biden Budget Said to Assume Capital-Gains Tax Rate Increase Started in Late April | W
Biden’s bid to overhaul taxes on inheritances could bring new problems | C
Biden’s defense budget seeks greater China deterrence and nuclear funding | R
Biden pledges to tackle monopolies, supply shortages as prices rise | R

Industries & companies
Retail: Gap CEO: Retailer’s ‘cool’ factor and Walmart’s scale make tie-up | C
Retail: Gap (GPS) reports Q1 2021 earnings beat | C
Tech: Salesforce (CRM) earnings Q1 2022 | C

Corporate finance
James Bond, Meet Jeff Bezos: Amazon Makes $8.45 Billion Deal for MGM | N

Virus
Teachers Clear Back-to-School Hurdle for the Fall: They Want to Come Back | W
FDA, J&J Near Deal for Covid-19 Vaccine Production at Baltimore Plant | W
India’s Covid-19 Crisis Leaves Nation in Grief | W
Covid-19 Is Killing Hundreds of Pregnant Women and Babies in Brazil | W
 
Climate
The Costs of Decarbonisation: System Costs with High Shares of Nuclear and Renewables | OECD

Crypto
Cathie Wood Says Bitcoin ‘Impossible’ for Officials to Shut Down | B

Offbeat
Cathie Wood’s Bad Spring Is Only a Blip When the Future Is So Magnificent | B

May 27 (Thursday)

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

Markets
Stocks Edge Up as Worries Around Inflation Abate | W
Opinion | Is the Bitcoin Craze Coming for Your 401(k)? | N

Global
World Faces Longer Supply Shortage as China’s Factories Squeezed | B

Central banks
Fed’s Quarles Joins Other Officials in Moving Toward Taper Debate | W
Fed’s Quarles signals he is open to talks on bond program | R
Jerome Powell’s Fate Is Critical to Biden Presidency | W

US
Hamptons residents shocked by high real estate, camp prices | N

Geopolitics & trade
U.S. says looking at Quad meeting in fall focused on infrastructure | R

Industries & companies
Chemicals: Bayer to Rethink Roundup Formula for U.S. Consumers | W
Communication services: Google Strikes Deal With Hospital Chain to Develop Healthcare Algorithms | W
Financials: U.S. bank profits rose 29% as outlook for future credit losses adjusted downward | R
Retail: American Eagle Outfitters (AEO) Q1 2021 earnings | C
Retail: Walmart and Gap are coming together to create a new home decor brand | C
Tech: Nvidia: PC gaming still more important than crypto for revenue | C
Tech: Snowflake (SNOW) earnings Q1 2022 | C
Tech: Snowflake moves executive office from California to Bozeman, Montana | C

Climate
Investors, court deliver ‘stark warning for Big Oil’ on climate | R
Oil Giants Are Dealt Major Defeats on Climate-Change as Pressures Intensify | W

Virus
Covid-19 Vaccine Makers Press Countries to Oppose Patent Waiver | W
FDA gives emergency use approval for Covid-19 antibody drug | C
Surging Covid May Force Taiwan to Boost Planned Fiscal Stimulus | B
Local Lockdowns Temper India’s Economic Activity in April | B
Biden orders review of Covid origins as intel weighs Wuhan lab leak theory | C

Corporate finance
Amazon’s $8.45 billion deal for MGM is historic but feels mundane | C
SEC Weighs New Investor Protections for SPACs | W

Offbeat
A World Without Work? Don’t Hold Your Breath | Mind Matters
Stop With the Video Chats Already. Just Make a Voice Call. | W

May 26 (Wednesday)

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

Markets
Stocks Slip After Rebounding to Start Week | W
China’s Next-Generation Tech Firms Hit Hard by Market’s Pullback | W
Chinese bitcoin traders wield ‘enormous influence’ despite crackdown | C

Central banks
Fed’s No. 2 Official Sees Time Approaching for Discussion on Cutting Asset Purchases | W
Fed policymakers edge closer to opening debate around taper | R
Fed’s Daly says the economy is strong, but it’s ‘way too early’ to tighten policy | C
Wall Street is facing a $9 trillion problem | NN
Biden Urged to Replace Quarles; Clarida’s Not Talked Fed Future | B

US I
Senate Republicans Prepare $1 Trillion Infrastructure Offer | W
U.S. consumer confidence holds steady, soaring prices slowing housing momentum | R
U.S. business borrowings jump 19% in April – ELFA survey | R

US II
U.S. Home-Price Growth Surges as Demand Overwhelms Supply | W
Why houses are so expensive in the U.S. | C
White House says rising home prices are a concern | R
Lumber Prices Are Through the Roof, Punishing Apartment Builders | W
Get ready, rents are rising fast again, even in San Francisco | C
 
Industries & companies
Autos: Tesla ditching radar for Autopilot in Model 3, Model Y | C
Consumer discretionary: Amazon Would Add James Bond, Content Depth in Expected MGM Deal | W
Energy: Exxon vs. Activists: Battle Over Future of Oil and Gas Reaches Showdown | W
Retail: Nordstrom (JWN) reports Q1 2021 earnings miss | C

Technology
Developer Of Aluminum-Ion Battery Claims It Charges 60 Times Faster Than Lithium-Ion, Offering EV Range Breakthrough | FO
These are the 2021 CNBC Disruptor 50 companies | C

Virus
Moderna’s Covid-19 Vaccine Works Safely in Adolescents, Company Says | W
U.S. officials say China hasn’t been ‘completely transparent’ in Covid probe | C

Cybersecurity
After Colonial Pipeline Hack, U.S. to Require Operators to Report Cyberattacks | W

May 25 (Tuesday)

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

Markets
Stocks Close Higher; Bitcoin Edges Up After Wild Weekend | W

Central banks
Fed’s George doesn’t dismiss risk of inflation surge | C

US I
Are Vaccinated Americans Powering the Economy? Not Yet, Data Show | W
Heard of ‘contagious unemployment’? It’s one theory why companies have difficulty hiring workers | MW

US II
U.S. Treasury deputy chief sees G7 backing for 15%-plus global minimum tax | R
U.S. chip funding could result in seven to 10 new factories – officials | R

Geopolitics & trade
Biden calls Belarus plane diversion an ‘outrageous incident’ | C

Industries & companies
Consumer discretionary: Amazon Echo Buds 2 Review: A More Affordable Alternative to Apple’s AirPods Pro | W
Tech: Florida governor signs ban on ‘deplatforming’ by tech companies | C

Corporate finance
Amazon nears deal to buy MGM Studios for nearly $9 billion | C
 
Cryptocurrency
Dogecoin, bitcoin prices climb as Elon Musk solicits help to improve meme coin, talks sustainability with miners | MW
Bitcoin’s trading action lately is wild even by crypto’s standards and the drama is not over yet | C

Virus
New York City Schools Will Be Fully In-Person in Fall, No Remote Learning | W
Concert venue bookings are surging, Live Nation president says | C
Tokyo Summer Olympics: U.S. Issues Japan Do-Not-Travel Advisory | B
Covid Might Come Surging Back This Fall As a Seasonal Disease | B
The Wuhan Lab Leak Question: A Disused Chinese Mine Takes Center Stage | W

Offbeat
Gene Therapy, High-Tech Goggles Restore Some Vision to Blind People | W

May 24 (Monday)

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

Markets
Inflation Forces Investors to Scramble for Solutions | W
Here’s What Business Schools Are Teaching Tomorrow’s Value Investors | BR

Global
Long Slide Looms for World Population, With Sweeping Ramifications | N
What to do about a labor crunch | E

Central banks
Fed officials, new data, start lowering expectations for U.S. jobs in May | R

US
Why Is Hiring Hard Right Now? | N
Grand Reopening to Test Consumers’ Appetite to Keep Spending | W
No Bridge in Sight for Biden Infrastructure Plan | W

Europe
Italy could soon get a hard-right government | E

China
How disgruntled Chinese people talk about you-know-who | E
China Disappeared H&M From Its Internet, Splitting Fashion Industry Group | W

Geopolitics & trade
After Gaza Clash, New Solidarity Arises Among Palestinians | W

Industries & companies
Autos: Apple and the End of the Car as We Know It | W
Consumer: Big Candy Is Angry at Look-Alike THC Treats | N
Energy: Big Oil’s Transition to Cleaner Energy Is Risky. How Investors Can Prepare. | BR
Tech: Wall Street Is Looking Past the Labor Claims Facing Uber and Lyft. Yet They Could Cost Billions | BR
Telecom: AT&T’s Dividend Is Getting Cut but the Stock May Still Be a Buy | BR
Travel: Covid travel: Rising airfares and hotel rates are making vacations more expensive | C

Cryptocurrency
Bitcoin resumes sell-off over weekend, falls below $32,000 | C

Virus
Covid vaccine passports: Everything we know so far | C
How the pandemic has upended the lives of working parents | E

May 22 (Saturday)

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

Markets
S&P 500 Declines to End Turbulent Week | W
U.S. stocks end mixed as Dow recovers on strong economic data | R

Central banks
The Federal Reserve’s so-called taper talk could keep markets on edge through the summer | C
Fed officials, new data, start lowering expectations for U.S. jobs in May | R
Fed’s Daly Says Inflation Pressures Likely to Ease in 2022 | B
Lisa Cook is Sherrod Brown’s top choice to fill Fed vacancy | C

Global
Services Businesses in U.S. and Europe Saw Pickup in Early May | W

US
White House makes $1.7 trillion infrastructure counteroffer to GOP | C
U.S. Home Prices Push to Record High, Slowing Pace of Purchases | W
As Paycheck Protection Program Runs Dry, Desperation Grows | N
Drought Imperils Economy in California’s Farm Country | W

China
China Hones Control Over Manganese, a Rising Star in Battery Metals | W

Geopolitics & trade
Biden rejects Trump’s approach to North Korea | C
Israel-Hamas Cease-Fire Holds Despite Jerusalem Clashes | W
Biden’s strategy on the Russia-to-Germany gas pipeline confusing and needs to be explained, says foreign policy expert | C

Industries & companies
Hospitality: NYC’s pandemic-hit hospitality industry faces labor shortage a year on | R
Media: From Amazon, Apple, Comcast, and AT&T: Who owns the media today – Vox

Corporate finance
Kansas City Southern to Combine With Canadian National Railway in Roughly $30 Billion Deal | W
SPACs Bolster the U.S.’s Global Lead in IPOs | W

Cryptocurrency
Bitcoin price falls after China calls for crackdown on crypto mining | C
Bitcoin Miners Are Giving New Life to Old Fossil-Fuel Power Plants | W

Virus
Scott Gottlieb: Vaccines not the only factor driving Covid cases down | C
Rare ‘Black Fungus,’ Mucormycosis, Infects Thousands of Covid-19 Survivors in India | W