Dr. Ed's Blog

May 10 (Monday)

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

Markets & Cryptocurrency
Stocks Climb as S&P 500, Dow Hit Records | W
What Happens to Stocks and Cryptocurrencies When the Fed Stops Raining Money? | W
The digital currencies that matter | E
Dogecoin price plummets as Elon Musk hosts Saturday Night Live | C
SpaceX accepts Dogecoin payment for DOGE-1 mission to the moon | C
The Mortgage Boom Is Fading | W

Cybersecurity
Ransomware attack forces shutdown of largest fuel pipeline in the U.S. | C
U.S. government working to help top fuel pipeline operator after cyberattack | Reuters
 
Central banks
ECB Official Calls for Accepting Inflation Overshoot, FT Reports | B
Fed’s Kashkari Says U.S. Job Market Still Needs Help to Heal | B

US I
U.S. Employers Added 266,000 Jobs in April as Hiring Slowed | W
Higher Prices Leave Consumers Feeling the Pinch | W
Infrastructure Talks Could Set Course of Biden Spending Plans | W

US II
The pandemic drove these Americans into early retirement | C
Older consumers have learned new tricks in the pandemic | E
Summer Jobs for Teens Make a Comeback—But Not All Types | W
California Population Declines for First Time in More Than a Century | W

Emerging
China Says it Will Release Delayed Census Data This Week | B
Inflation Debate Hits Emerging Markets With Pimco Standing Firm | B

Industries & companies
Energy: Why More Electric Vehicles Don’t Pose a Threat to Oil | Barron’s | BR
Financials: Warren Buffett should step aside for his chosen successor | E
Retail: Time to Get Dressed for the Reopening. These Stocks Will Benefit. | Barron’s | BR

Climate
How to make long-term climate pledges add up | E
Corporate finance
Digital media companies slow public rush as SPAC market cools | C

Virus
Covid-19 Restriction Guidance Could Ease as More Americans Get Vaccinated | W
Fauci says face masks could become seasonal after Covid pandemic | C
America wants to waive patent protection for vaccines | E
Delhi Extends Lockdown, Tightens Restrictions to Curb Virus | B

Offbeat
China says remnants of Long March 5B rocket landed in Indian Ocean | C

May 08 (Saturday)

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

Markets
Dow jumps more than 200 points to another record as investors look past big jobs miss | C
Stock market may be misreading what weak jobs report means for the Fed | C
From Dutch Tulips to Internet Stocks, How to Spot a Financial Bubble | W
A joke cryptocurrency has risen more than 26,000% in the last six months | C

Central banks
Fed’s super-easy policy likely to stick after weak jobs report | R
Investors back off view that Fed could raise rates in late 2022 | R

US I
U.S. Employers Added 266,000 Jobs in April as Hiring Slowed | W
April jobs fall short of expectations. Five analysts on the miss | C
U.S. hiring takes big step back as businesses scramble for workers, raw materials | R
Restaurant Staff Shortages Pique Appetite For Automation | Crunchbase News
Montana, South Carolina ending participation in fed unemployment programs | C
Unemployment Benefits Become Target Amid Hiring Difficulty | W

US II
Rent Surges on Single-Family Homes With Landlords Testing Market | B
Leaving California for Texas: Green Dot moves headquarters to Austin | C
At least 7 million people are likely to get unemployment tax refunds | C

China
China urges U.N. states not to attend Xinjiang event hosted by Germany, U.S. and UK | C

Industries & companies
Consumer discretionary: Amazon mails postcards to sellers to verify whether their addresses are real | C

Virus
U.S. Covid-19 Metrics Signal Hopeful Turn | W
Covid cases are falling in 30 states with a third of Americans fully vaccinated | C
AstraZeneca Weighs Seeking Full U.S. Approval for Covid Shot, Skipping Emergency-Use Application | W
A Small Brazilian Town Is Beating Covid-19 Through a Unique Experiment | W

Corporate finance
Grab’s Huge SPAC Merger Heralds Asia’s Next Tech Boom | W

Offbeat
Chinese Rocket Debris Expected to Tumble Into Earth’s Atmosphere This Weekend | W

May 07 (Friday)

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

Markets
Dow jumps 300 points to hit another record close ahead of key April jobs report | C

Central banks
Fed warns about potential for ‘significant declines’ in asset prices as valuations climb | C
Fed Says Covid Is Major Financial Risk, Asset Prices Vulnerable to ‘Significant Declines’ | W

US I
April jobs expected to top 1 million as consumers boost the economy | C
U.S. Unemployment Claims Reach New Covid-19 Pandemic Low | W
Millions Are Unemployed. Why Can’t Companies Find Workers? | W
South Carolina cuts federal unemployment boost payments as state struggles to fill jobs | C
US II
Biden’s Economic Plan Gives Progressives What They Want | The Atlantic
Biden open to 25% corporate tax rate as part of an infrastructure bill compromise | C
Farm-District Democrats Raise Caution Flag on Capital-Gains Tax Plan | W
Texas Lawmakers to Vote on Election Bill as Florida Governor Signs Its Own Into Law | W

US III
Just About Everything Costs More at American Grocery Stores | B
Chicken Shortage Sends Prices Soaring, and Restaurants Can’t Keep Up | W
Opinion: America is going through a baby bust, and we all might feel it in our wallets | MW
Cuomo privately calls on business leaders to stay in New York and lobby to remove cap on SALT deductions | C

Industries & companies
Cruise Lines: Norwegian Cruise Line CEO says U.S. ships are unlikely to sail this summer, calls CDC guidance ‘unfair’ | C
Fitness: Peloton reports sales up 141% as cycle demand remains strong, says it’s working to quickly fix treadmills | C
Fitness: Peloton says treadmill recall will lower fourth-quarter sales by $165 million | C
Manufacturing: Chinese Manufacturers Sidestep Trade Barriers by Buying Factories Overseas | W
Tech: Chip Shortage 2021: Semiconductors Are Hard to Make and That’s Part of the Problem | B

Virus
India’s Modeling Has Covid Outbreak Peaking in Coming Days | B
Covid vaccine makers’ shares seesaw after Biden administration says it will back patent waivers | C
IMF Sees Strong Economic Arguments for Removing Vaccine Barriers | B
The World Turns to China for Vaccines After India, U.S. Stumble | B

Offbeat
Trump Is Still Banned on YouTube. Now the Clock Is Ticking. | W
SEC to Explore Rules for Apps That ‘Gamify’ Trading, New Chairman Says | W

May 06 (Thursday)

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

Markets
Dow Industrials Rise to New High | W
Stock futures are flat after the Dow closed at a record | C
Wall Street rises as megacap stocks bounce; Dow hits record high | R
GameStop Frenzy, Archegos Meltdown May Prompt New SEC Rules, Chairman Says | W

Central banks
Clarida: the Fed is ‘a long way from our goals’ and tightening policy | C

US I
U.S. service sector slows modestly in April – ISM survey | R
U.S. private payrolls post biggest gain in seven months | R
Soaring home prices are pushing buyers to the rental market | Vox
National Eviction Moratorium Thrown Out by Federal Judge | W

US II
White House Says Businesses Having to Hike Wages Is ‘Good Thing’ | B
Some CEOs Suggest Dropping Degree Requirements in Hiring | W
McConnell Says ‘100%’ of His Focus Is on Blocking Biden Agenda | W

Geopolitics & trade
U.S., China to assess Phase 1 deal soon, Biden trade chief says | R

Industries & companies
Autos: Car Companies’ Profits Have Outrun the Chip Shortage—but Not for Long | W
Consumer Discretionary: Amazon CEO Bezos sells nearly $2 billion worth of Amazon stock | C
Communication Services: Google Adopts Hybrid Workweek, With 20% of Its Employees to Work Remotely | W
Communication Services: Facebook Oversight Board’s Trump decision was Marbury v Madison moment | C
Fitness: Peloton stock sheds $4 billion in market cap over treadmill recall | C
Hotels: Hilton CEO: Business travel is back to about 50% of pre-Covid levels | C

Virus
India’s ‘Oxygen Express’ Races to Supply Hospitals, but Covid Patients Die as Stocks Run Out | W
U.S. backs waiving patent protections for Covid vaccines, citing global health crisis | C
Covid booster shot: Moderna says vaccine generates promising immune response against variants | C
Here Comes the Covid-19 Community Corps and They Want You | B

May 05 (Wednesday)

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

Markets
Stock futures are flat after sell-off in growth and tech | C
Nasdaq plunges more than 2% as investors dump growth stocks | R
Opinion: If you ‘sell in May,’ don’t go away | MW
Deluge of Debt Is Tied to Carbon Emissions and Diversity | W
Commodities Jump to Highest Since 2011 on Rebound From Virus | B

Central banks
Negative Rates Push Cautious Germans Into the Stock Market | W
Is the US Economy a Virtual Reality? | AIER

US I
Treasury Secretary Yellen: Rates may have to rise somewhat to keep economy from overheating | C
Yellen Says She Isn’t Predicting Higher Interest Rates | W
Yellen says she sees no inflation problem after rate hike comments roil Wall Street | R

US II
Who Would Pay Biden’s Corporate Tax Increase Is Key Question in Policy Debate | W
Jamie Dimon on Booming Economy and Finally Getting Off Zoom | W
Here’s the Average Net Worth of Americans Ages 65 to 74 | C

Geopolitics & trade
China sends 25 warplanes into Taiwan’s air defense zone, Taipei says | NN

Industries & companies
Restaurants: Return-to-work plans could make or break some restaurants’ business | C

Technology
SpaceX: Over 500,000 orders for Starlink satellite internet service | C

Virus
Covid vaccines: Biden wants 70% with at least 1 shot by July 4 | C
Vaccine Sales Lift Pfizer’s Quarterly Results | W
Covid vaccine incentives make U.S. look bad, doctor says | C
 
Corporate finance
Krispy Kreme files for IPO, five years after going private | C

May 04 (Tuesday)

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

Markets
Dow climbs more than 200 points on the first trading day of May, retail stocks lead gains | C
Why investors should ignore the old Wall Street adage ‘Sell in May’ | C
Lumber Prices Break New Records, Adding Heat to Home Prices | W

Central banks
Powell Says Low-Income Lending Rules Should Apply to All Firms Offering Consumer Credit | W
Fed’s Powell says economic recovery clouded by racial, education gaps | R
NY Fed’s Williams says brighter outlook not enough to affect monetary policy | R
Fed’s Barkin sees higher inflation this year, but then a reversal in 2022 | C

US I
Record Share of Companies Are Beating Earnings Estimates | W
Corporate America Rides Wave of Inflation to Record Profits | B
Supply chain bottlenecks amid roaring demand slow U.S. manufacturing | R
Sticking with remote work? Businesses are betting on it | R

US II
Treasury Expects to Borrow $1.3 Trillion Over Second Half of Fiscal 2021 | W
Some couples may face a ‘marriage penalty’ under Biden’s tax plan | C
Wealthy may face up to 61% tax rate on inherited wealth under Biden plan | C
Yellen to shake up U.S. bank regulator with new appointment -sources | R

Europe
Bidenomics Takes Root in Europe’s Economically Fragile South | W
France Faces Labor Shortfall as Reopening Nears | N

Industries & companies
Autos: Auto Makers Retreat From 50 Years of ‘Just in Time’ Manufacturing | W
Financials: Berkshire Chooses Greg Abel as Warren Buffett’s Successor in CEO Role | W
Retail: U.S. retailers scramble to crack the code on livestream shopping events | C
Retail: Under Armour Paying $9 Million to Resolve SEC Accounting Probe | W
Tech: Apple and ‘Fortnite’ Maker Epic Games Trade Arguments Over App Store | W

Corporate finance
Verizon to Sell Yahoo, AOL for $5 Billion to Apollo | W

Virus I
‘Humanitarian catastrophe’ in India puts global Covid fight at risk, doctor says | C
It’s Not Just India. New Virus Waves Deluge Developing Countries | B
Reaching ‘Herd Immunity’ Is Unlikely in the U.S., Experts Now Believe | N
New York, New Jersey Lift Covid-19 Capacity Limits on Businesses | W

Virus II
Moderna to Deliver Covid-19 Vaccine to Hard-Hit Developing World | W
FDA expected to approve Pfizer Covid vaccine for teens within the week | C
Next Generation of Covid-19 Vaccines Could Be Pill or Spray | W

May 03 (Monday)

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

Markets
Stock futures rise ahead of first trading day of May | C
Americans Can’t Get Enough of the Stock Market | W

Central banks
Cryptos Are a Threat to Central Banks. Why It Goes Beyond Bitcoin. | BR

US I
From Apple to Domino’s Pizza, U.S. Companies Scramble to Meet Surge in Demand | W
U.S. Treasury’s Yellen tamps down inflation fears over Biden spending plan | R
Biden, Republicans Set Talks Over Competing Infrastructure Plans | W
How to tax capital without hurting investment | E

US II
Covid-19 Savings Stockpile Could Accelerate Economy—if Consumers Spend It | W
The Pandemic Prompted Them to Return Home—Now They’re Staying [in Town] | W
Many Black Homeowners Are Falling Further Behind on Their Mortgages | W
More Americans Are Considering Retirement Because of Covid | B

China
Is China’s population shrinking? | E

Geopolitics & trade
The most dangerous place on Earth | E

Industries & companies
Financials: Barron’s Stock Pick: Why Bank of America Is a Buy | BR
Pot: Marijuana Legalization Is Good News for Pot Stocks. How to Play It. | BR
Retail: Cargo Pants and Outdoor Slippers Are Hot, as Americans Return to Stores | W
Tech: Five Tech Giants Just Keep Growing | W

Corporate finance
Verizon may sell AOL and Yahoo remnants: Who’d want them, and why? | C

Virus
Covid: Gottlieb says cases will decline, vaccinations monumental achievement | C
Dining out is back, as America gets vaccinated | NN
New York City indoor dining capacity to increase to 75% in May | C
U.K. Covid-19 Variant’s Hold in U.S. Has Silver Lining: Vaccines Counter It | W
India’s Covid Calamity Has Sick Caring for the Sicker: ‘Alone to Save My Family’ | W
Health care and workplaces must adjust for long covid | E

Offbeat
Why PayPal and Chobani Believe Financially Healthy Workers Are Key to a ‘Strong Democracy’ | BR
Virtual eviction hearings often deprive renters of their rights | C
Neuralink cofounder Max Hodak leaves Elon Musk’s brain implant company | C

May 01 (Saturday)

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

Markets
More earnings, April’s big jobs report and inflation worries could swing markets in the week ahead | C
Soaring lumber prices add $36,000 to the cost of a new home | C
Big Oil Companies Recover as Prices Rebound | W

Central banks
How the Federal Reserve Gauges Inflation | N

US I
U.S. Household Income Surged by Record 21.1% in March | W
Stimulus checks boost U.S. consumer spending; inflation warming up | R
U.S. labor costs accelerate in the first quarter | R
Summers Sees Signs of Scarce Workers as Harbinger of Inflation | B

US II
Biden’s $4 Trillion Plan Now Gets Test in Congress | W
‘Amtrak Joe’ Biden pushes infrastructure in Philadelphia | R
The Biden White House Runs on a Tight Script. The President Doesn’t. | W

China
China Orders Tech Giants to Unbundle Financial Services | W

Geopolitics & trade
U.S. says China has fallen short on ‘Phase 1’ intellectual property commitments | R

Industries & companies
Consumer: Clorox weighs product price increases to counter inflationary costs | C
Consumer discretionary: Amazon Prime Day 2021: Why it’s being held earlier in the summer | C
Hotels: Loews Hotels CEO optimistic group events will return to complete Covid recovery | C
Retail: Macy’s store employees score victory in challenging self-checkout | C
Tech: EU Charges Apple With App Store Antitrust Violations in Spotify Case | W
Theme parks: Disneyland reopening celebrated with custom Mickey ears and masks | C

Virus
Biden Bans Travel From India as Coronavirus Cases Surge | B
Is Covid-19 Fading From Our Lives? Consumer App Use Provides Clues | W
The Covid-19 Vaccine Club: How the World’s Biggest Producers Depend on Each Other | W

Offbeat
BlackRock Starts to Use Voting Power More Aggressively | W
Elon Musk’s War on Regulators | W

Apr 30 (Friday)

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

Markets
Stock futures dip even after Amazon reports profit surge | C
S&P 500 notches record close after strong earnings from Facebook and Apple | C
Copper hits a decade high, traders on possible economic effect | C

Global
The four-decade decline in global corporate tax rates | R

US I
Biden tax plan would raise $1.5 trillion from the wealthy | C
Biden’s Economic Plan Would Redistribute Trillions and Expand Government | W
Many Republican voters agree with Biden – ‘trickle-down economics’ has failed | R
Pence Levels Critique of Biden as He Eyes Possible 2024 Bid | W
U.S. Senate overwhelmingly passes $35 billion water infrastructure bill | R

US II
U.S. Economy Grew Robustly in First Quarter | W
Fiscal stimulus powers U.S. economic growth in first quarter | R
Job growth could surpass 1 million in April hiring boom | C
Is the U.S. Student Loan Program Facing a $500 Billion Hole? One Banker Thinks So. | W
Gig companies oppose U.S. push for worker employee status, suggest compromise | R

China
China’s Population Increased in 2020, Government Says | W
China Warns Large Tech Firms as Industry Faces Rising Oversight | W

Industries & companies
Autos: Tesla’s Latest Solar Stumble: Big Price Increases | N
Consumer: Consumer Goods Are Going to Get More Expensive | N
Consumer: Hershey CEO says stay-at-home trends are outlasting the pandemic | C
Consumer discretionary: Amazon’s Profit Run Continues, Bolstered by Sustained Demand | W
Tech: Cramer recommends owning food stocks and names hurt by chip shortage | C
Tech: Global Chip Shortage Set to Worsen for Car Makers | W

Virus
Most U.S. companies will require proof of Covid vaccination from employees: survey | C
Covid vaccine: BioNTech CEO confident shot works against India strain | C
Moderna to Boost Covid-19 Vaccine Production to Meet Rising Global Demand | W

Apr 29 (Thursday)

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

Markets
S&P, Nasdaq 100 futures are higher after Apple & Facebook beat estimates | C
Wall Street ends lower after Fed holds steady on rates | R
 
Central banks
Fed nods to strengthening economy but waves off policy shift talk | R
Fed decision April 2021: Interest rates held near zero, sees faster growth | C
Powell Breaks Out the ‘Froth’ Word When Asked About Markets | B
Transcript: Fed Chief Powell’s Postmeeting Press Conference | W

US
U.S. goods trade deficit vaults to record high in March | R
Biden’s $1.8 trillion American Families Plan ramps up child care, student aid funding, and more | Vox
Booming Stock Market Provides Budget Surplus in California | N
 
Geopolitics & trade
Facebook Blocks, Then Restores, Content Calling on Indian Prime Minister Modi to Resign | W

Industries & companies
Autos: Ford (F) Earnings: Forecast Cut Due to Chip Shortage | B
Consumer discretionary: Amazon Hourly Pay: AMZN Spending $1 Billion on Early Pay Bump for Hourly Workers | B
Communication services: Zuckerberg outlines Facebook e-commerce push | C
Tech: Apple Earnings, Revenue Surge | W
Tech: Qualcomm (QCOM) earnings Q2 2021 | C
Tech: Chip shortages for iPads and Macs may cool Apple’s hot streak | C

Corporate finance
Verizon Explores Sale of Media Assets, Including Parts of Yahoo and AOL | W

Virus
Brazil Covid-19 Variant Tears Through South America in Warning to World | W
Vaccines Appear to Be Slowing Spread of Covid-19 Infections | W