Dr. Ed's Blog

Apr 05 (Monday)

YRI
Daily Markets Overview
Today’s Morning Briefing

Markets
Dow futures jump more than 100 points after blowout jobs report | C
Biden Wants to Spend $2 Trillion on Infrastructure. These Stocks Stand to Gain the Most. | BR

Global
Nations Begin to Shape Post-Covid-19 Economy Amid Diverging Fortunes | W

US I
Some Democrats Cool to Biden’s Plan to Boost Corporate Tax Rate | W
Seven Infrastructure Problems in Urgent Need of Fixing | N
What to know about tax credits in the American Rescue Plan | C
Could Good News on Jobs Turn Into Bad News for Investors? | BR
Here’s where the jobs are — in one chart | C

US II
The Housing Market Is Crazier Than It’s Been Since 2006 | W
If You Sell a House These Days, the Buyer Might Be a Pension Fund | W
U.S. companies face boycott threats, mounting pressure to take sides in America’s voting rights battle | C

Industries & companies
Biotech: BioNTech Stock Has Surged on Covid Vaccine. Its Next Big Hit Might Take a While | BR
Financials: It’s a Great Time to Own Financial Stocks. Here’s Why. | BR
Financials: Banks May Take a $10 Billion Hit on Archegos. What That Means for Stocks. | BR
Healthcare: Beyond Covid, the Future of Healthcare Looks Bright for Investors | BR
Media: ‘Godzilla vs. Kong’ tops the pandemic box office with $32.2 million in domestic opening weekend | C

Geopolitics & trade
John Kerry says Biden’s ambitious climate plan is ‘not a counter to China’ | C
China’s ‘laissez-faire’ approach toward Myanmar’s coup puts its own interests at risk, says analyst | C

Virus
Covid-19 Cases Drop. Vaccine Distribution Picks Up. How Open Is America? | W
Covid-19 – How Europe has mishandled the pandemic | E
Indian brink – India is recording more cases of covid-19 than any other country | E
U.S. puts J&J in charge of plant that botched Covid vaccine, removes AstraZeneca | C

Apr 03 (Saturday)

YRI
Daily Markets Overview
Today’s Morning Briefing

Markets
U.S. Treasury Yields Rise After Strong Jobs Report | W
Dollar, U.S. Treasuries edge higher on strong U.S. labor report | R
An Alternative to ‘No Alternative’: How Bonds Snuck Up on Stocks | B

US I
Red-Hot U.S. Economy a Mixed Blessing For Rest of World | W
March 2021 jobs report blows past expectations | C
U.S. factories desperate for workers, even as ranks of jobless remains high | R

US II
President Biden issues warning on heels of major jobs report, vaccinations | C
Infrastructure Proposal Is Popular, Biden Says, Defending Tax Plan | W

US III
Need a Mortgage Loan? Good Luck. Lenders Are Tightening Standards. | W
MLB Removes 2021 All-Star Game From Atlanta Because of Georgia Voting Law | W

Geopolitics & trade
U.S., Japan, South Korea Meet to Hash Out Approach to Pyongyang | W
Japan and U.S. aim for chip supply chain deal with PM Suga’s visit, Nikkei says | R
U.S. and Iran Agree to Resume Talks on Nuclear Deal | W

Industries & companies
Autos: Chinese electric car start-ups Nio, Xpeng post strong March deliveries | C
Autos: Ford-Backed Self-Driving Startup Argo AI Mulling IPO This Year | B
Pharma: J&J Starts Testing Covid-19 Vaccine in Adolescents | W

Corporate finance
GlobalFoundries CEO on semiconductor shortage and IPO | C

Virus
CDC Relaxes Covid-19 Travel Guidance for Fully Vaccinated People | W
Covid vaccines: Why getting back to work may happen quickly | C

Apr 02 (Friday)

YRI
Daily Markets Overview
Today’s Morning Briefing

Markets
S&P 500 climbs more than 1% to close above 4,000 for the first time | C
Copper Prices Retreat Alongside Popular Speculative Trades | W

US I
Manufacturing boom brings more signs that inflation is building rapidly | C
Economic boom expected in the second quarter, a boost for stocks | C
Biden’s $2 Trillion Corporate Tax Plan Tears Up Republicans’ 2017 Blueprint | W
McConnell says GOP will oppose Biden infrastructure plan | C
Biden Infrastructure Plan Faces Test in Congress | W

US II
Biden Infrastructure Plan Aims to Boost Economy’s Productivity Over Time | W
Biden Aims for Universal High-Speed Internet in Infrastructure Plan | W
Biden considers health care public option in economic recovery plan | C
Mortgage Firms Warned to Prepare for a ‘Tidal Wave’ of Distress | B

Geopolitics & trade
Even Suez Canal Blockage Can’t Hold Back Red-Hot Global Trade | W

Industries & companies
Airlines: American Airlines to use nonunion pilots for some test flights, drawing criticism | C
Airlines: United Airlines tells staff it’s hiring hundreds of pilots for travel recovery | C
Autos: Auto Makers Start 2021 Strongly Despite Supply Constraints | W
Consumer discretionary: Carbon Labels Are Coming to Your Shampoo Bottle | W
Financials: ViacomCBS stock sales amid Archegos debacle raise questions for banks | C
Pharma: Pfizer’s Covid-19 Vaccine Is Still Highly Effective Six Months After Second Dose | W
Tech: TSMC to Invest $100 Billion to Increase Semiconductor Output | W
Tech: Google, Facebook, Amazon, Apple and Microsoft. Call Them Tech Frenemies for Life. | W

Technology
Testing Elon Musk’s Starlink: Is It Really a Rural Internet Game Changer? | W

Virus
How mRNA Technology Could Change the World | Atlantic
Vaccine Trickle Becomes Torrent as U.S. Eligibility Rules Widen | B
Lessons From the Calculated Risk Behind U.K.’s Covid-19 Vaccine Rollout | W
FDA Authorizes First Covid-19 Tests for Repeat, at-Home Screening | W

Apr 01 (Thursday)

YRI
Daily Markets Overview
Today’s Morning Briefing

Markets
Stock futures are little changed following Biden’s infrastructure speech | C
S&P 500 rises lifted by tech shares, closes out best month since November | C
How Japanese Investors Accelerated the Treasury Selloff | W
Family Offices Like Archegos Take Big Risks Like Hedge Funds | W

US I
President Biden unveils his $2 trillion infrastructure plan – here are the details | C
Biden Unveils $2.3 Trillion Infrastructure Plan | W
Biden’s Infrastructure Plan: How the $2.3 Trillion Would Be Allocated | W

US II
For Climate Progressives, Biden’s $2.25 Trillion Isn’t Enough | B
Analysis: Biden infrastructure plan bets big on U.S. return to mass transit after COVID-19 | R
Biden’s Plan for Electric Vehicles: What You Need to Know | N
Fourth stimulus checks are unlikely. Here’s what federal aid could be coming next | C

US III
Here Come the Biden Taxes | W
Biden Tax Plan Aims to End Trump’s Corporate Tax Cut Party | B
Business world divided on whether to fight corporate tax hike in Biden’s infrastructure plan | C
Biden Tax Plan Charts New Path to Economic Growth | N
Faster Inflation Is Coming. How Bad Will It Be? | B
Georgia Gov. Brian Kemp dismisses corporate backlash over election law | C

Geopolitics & trade
America’s Imports Are Stuck on Ships Floating Just Off Los Angeles | W
Chinese Propaganda Officials Celebrate Social-Media Attacks on H&M in Countering Forced-Labor Allegations | W

Industries & companies
Autos: Ford Says Chip Shortage Forcing Production Halt at Several Plants | W
Tech: Microsoft wins U.S. Army contract for augmented reality headsets, worth up to $21.9 billion over 10 years | C
Tech: Micron, Western Digital Looking at Possible Deals for Chip Maker Kioxia | W

Virus
Covid-19 Vaccinations Are Picking Up Pace, but New Cases Are Still Rising | W
B.1.1.7 Coronavirus Variant Is Top Strain in Five U.S. Regions, CDC Says | B
Pfizer-BioNTech Covid-19 Vaccine 100% Effective in Study of 12- to 15-Year-Olds, Companies Say | W
U.S. begins testing Moderna’s Covid vaccine booster shots for variant from South Africa | C
J&J Says Covid-19 Vaccine Batch Didn’t Meet Quality Standards | W
Wisconsin high court voids governor’s mask mandate, settling partisan dispute | R

Remote work
Silicon Valley is starting to bring workers back to the office | NN
Google is accelerating partial reopening of offices and putting limits on future of remote work | C
Amazon says it expects some employees to return to the office this summer, most will return in fall | C

Mar 31 (Wednesday)

YRI
Daily Markets Overview
Today’s Morning Briefing

Markets
Stock futures are flat after Dow slips from record levels | C
S&P 500 Edges Down as Investors Sell Bonds, Tech Stocks | W
Wall Street awaits Biden infrastructure plan, but it may not be ready for the new taxes | C

Archegos
Meet Bill Hwang, the man behind Archegos, the fund that sent shockwaves through Wall Street | C
Archegos Capital: A little-known hedge fund caused widespread chaos on Wall Street | NN

Global
IMF Sees Brighter Outlook for Global Economy | W

Central banks
Fed’s Barkin sees excess savings driving economy for years | R
Fed’s Bostic says summer months could see millions rehired | R
Critics slam the Fed as home prices rise at a historic rate | C

US
U.S. Home Prices Rise at Fastest Pace in 15 Years | W
Biden to lay out infrastructure plans as part of massive economic proposal | C
White House Briefs Lawmakers on $2 Trillion Infrastructure Plan | W
Behind Biden’s Big Plans: Belief That Government Can Drive Growth | W
21 Senate Democrats urge Biden to put recurring stimulus checks, unemployment aid extension in recovery plan | C

China
China Rewrites Hong Kong Election Rules to Keep Opponents Out | W

Virus
U.S. Covid-19 Deaths Expected to Rise Soon With New Wave Emerging | B
CDC director says data ‘suggests that vaccinated people do not carry the virus’ | MSN
U.S. Calls for Independent Study of Covid-19 Origin | W
Covid-19 Vaccination Cards Are the Only Proof of Shots, Soon an Essential | W

Corporate finance
Amazon-Backed Deliveroo Secures $10.5 Billion Valuation in London IPO | W

Offbeat
How Wall Street Deals with Banker Burnout | N

Mar 30 (Tuesday)

YRI
Daily Markets Overview
Today’s Morning Briefing

Markets
Stocks Favored in ‘Reopening Trade’ Hit Turbulence | W
Three reasons March should act as a ‘springboard’ for stocks into April | C

Global
How a Supermoon Helped Free the Giant Container Ship From the Suez Canal | W

US
Coronavirus Was Supposed to Drive Bankruptcies Higher. The Opposite Happened. | W
National Eviction Moratorium Extended Through June | W
Senate Democrats Push for Capital-Gains Tax at Death With $1 Million Exemption | W
New York business leaders push Biden, Schumer to ditch the cap on SALT deductions | C
Americans have until May 17 to contribute to 2020 to their IRAs or health savings accounts | C

Japan
Japan’s retail sales fall for third straight month | R

Industries & companies
Airlines: Southwest to Buy 100 New Boeing 737 MAX Jets | W
Energy: Elon Musk Likes This EV Battery and It Costs Less—but the U.S. Isn’t Sold on It | W
Financials: How Goldman and Morgan Stanley avoided losses after fund meltdown burned Nomura, Credit Suisse | C
Financials: Goldman, Morgan Stanley Limit Losses With Fast Sale of Archegos Assets | W

Virus
Biden says states should reinstate mask mandates and wait to reopen businesses as Covid cases rise | C
CDC chief warns U.S. headed for ‘impending doom’ as Covid cases rise again: ‘Right now I’m scared’ | C
One dose of Pfizer or Moderna vaccines was 80% effective in preventing Covid in CDC study of health workers | C

Offbeat
A livable wage and human dignity | The Hill
The MBA Meaning Is Changing: What Business School Signals After Covid-19 | FO

Mar 29 (Monday)

YRI
YRI Podcast. In our latest video podcast, Dr. Ed discusses the main points of today’s Morning Briefing.
Daily Markets Overview
Today’s Morning Briefing

Markets
We’re in a Manic Bull Market. How Long It Will Last—and What to Buy. | BR
Bond Bulls Charge Ahead, Challenging Consensus on Rising Yields | W
Large block trades that caused selling raises questions about cause | R

Global
China Helped Rev Up, and Then Slow Down, the Global Commodities Boom | W
Expectations for a Global Recovery Are Improving. Watch Oil and Steel. | BR
High Tide in Suez Canal Raises Hopes of Freeing Cargo Ship | W
House Prices Are Inflating Around the World | W

US
Biden to Push Child-Care Spending in Next Economic Proposal | W

China
China tightens scrutiny over credit rating industry |R

Europe
EU experts to say nuclear power qualifies for green investment label: document | R

Geopolitics & trade
Biden Invites Putin, Xi and Other World Leaders to Climate Summit | W
New Trade Representative Says U.S. Isn’t Ready to Lift China Tariffs | W
How to Counter China’s Global Economic Strategy | BR
Will countries boycott China’s Olympics in 2022? | E

Industries & companies
Energy: Cheniere and Shell oil tankers change course to avoid Suez Canal as ships divert routes | C
Media: ViacomCBS, Discovery plunge due in part to forced liquidation of Archegos Capital positions | C

Virus
Covid cases are rising and hospitalizations have plateaued even as vaccinations increase | C
Covid-19 Shots for Children Hold Key to Herd Immunity | W
Covid-19 Variant Rages in Brazil, Posing Global Risk |W
Brazil’s mismanagement of covid-19 threatens the world | E

Offbeat
Bright side of the moonshots | E

Mar 27 (Saturday)

YRI
Daily Markets Overview
Today’s Morning Briefing

Markets
Dow rises more than 200 points amid tame inflation data, bank shares lead | C
Fear of Inflation Finds a Foothold in the Bond Market | N

Central banks
The Fed has embraced the ‘punchbowl’ and has no intention of taking it away | C

Global
Ship blocking Suez Canal is beginning to affect the global economy | C
Ship Stuck in Suez Canal and Chip Shortages: What Global Supply-Chain Problems Mean for You | W
Suez Canal Blockage Forces Operators to Reroute Ships | W

US I
Household Spending Picks Up After Cooling Last Month | W
U.S. consumer spending, income temporarily fall ahead of massive fiscal stimulus | R
The housing market already is on fire, and inflation will soon follow, this former Morgan Stanley economist argues | MW
Biden condemns GOP-backed voting restrictions in Georgia | C

US II
Opinion: Why Janet Yellen is wrong on corporate tax rates | NN
White House considers vehicle mileage tax to fund infrastructure, Buttigieg says | C
Bernie Sanders aims to lower Medicare eligibility age in recovery bill | C
An Unexpected $10,200 Unemployment Tax Break: What to Know | W
School Districts Tackle ‘Learning Loss,’ School Safety With Covid-19 Aid | W
Ghost-Gun Concerns Prompt Feds to Meet With Firearms Makers | W

Geopolitics & trade
U.S. Condemns Chinese Boycotts of Companies That Avoid Xinjiang Production | W
White House watching China closely on forced labor after U.S. firms pressured | R
H&M Is Erased From Chinese E-Commerce Over Xinjiang Stance | W

Industries & companies
Media: ViacomCBS, Discovery stock continues to plunge | C
Media: Apple’s Move to Block User Tracking Spawns New Digital Ad Strategies | W
Media: Voting-Machine Company Dominion Sues Fox News Over Election Claims | W
Tech: Microsoft Is in Exclusive Talks to Acquire Discord | W

Corporate finance
WeWork Agrees to SPAC Deal That Would Take Startup Public | W
ThredUp’s Stock Jumps 30% in Market Debut | W

Virus
Even When Covid-19 Vaccines Arrive, EU Struggles to Get Shots in Arms | W
U.S. Vaccine Supply to Hit 240 Million Doses Next Week, White House Says | B

Mar 26 (Friday)

YRI
Daily Markets Overview
Today’s Morning Briefing

Markets
Dow climbs 199 points in late-day rebound led by stocks benefiting from reopening | C

Global
It’s ‘all systems go’ for global growth and the risk rally, Barclays says. Here’s how to play it. | MW

Central banks
Fed officials press promise of complete recovery before ‘punch bowl’ disappears | R
Fed says banks will have to wait until June 30 to start issuing buybacks and bigger dividends | C
Powell Says Now Is Not the Time to Focus on Reducing Federal Debt | W

US
U.S. weekly jobless claims drop to one-year low in boost to economy | R
Senate Democrats Lay Plans for Higher Corporate Taxes | W
In 2020 the ultra-rich got richer. Now they’re bracing for the backlash | R

US politics
Biden compares Xi to Putin, Republican voting plans to Jim Crow laws | R
Biden Says U.S. Wants Competition, Not Confrontation, With China | W
Biden’s First Press Conference Tackles Filibuster, Immigration, Afghanistan | W

Europe
With Negative Rates, Homeowners in Europe Are Paid to Borrow | W

Industries & companies
Aerospace: Boeing’s Defense Unit Dealt Setback by Pentagon | W
Consumer discretionary: Amazon is launching on-site Covid-19 vaccinations at some warehouses | C
Energy: Energy Industry Grapples With Fallout From Suez Canal Blockage | W
Energy: American Petroleum Institute endorses carbon pricing as oil and gas industry faces pressure on emissions | C
Media: Why investors are struggling to value media stocks like ViacomCBS and Discovery | C
Retail: Home Depot or Lowe’s? Two traders disagree on which is the better bet | C
Tech: Tech Hearing Live Updates: Google, Facebook and Twitter CEOs Testify on Misinformation | W
Transportation: Suez Canal blockage is delaying an estimated $400 million an hour in goods | C

Corporate finance
Robinhood building platform to allow users to buy into IPOs, sources say | C

Virus
Biden sets new Covid vaccine goal of 200 million shots within his first 100 days: ‘I believe we can do it’ | C
Pfizer begins Covid vaccine trial on infants and young kids | C
AstraZeneca Got Its Vaccine Right. The Rollout Has Been a Mess. | W

Mar 25 (Thursday)

YRI
Daily Markets Overview
Today’s Morning Briefing

Markets
Stocks End Lower Amid Decline in Tech Shares | W
Tech and GameStop losses have traders wondering if retail investors are losing interest in market | C
Powell Says Rise in Long-Term Bond Yields Reflects Economic Optimism | W
Leap in Gas Prices Puts $3 a Gallon in Sight | W
Fidelity to launch bitcoin ETF as investment giant builds its digital asset business | C

US I
If the Economy Overheats, How Will We Know? | N
Hot U.S. Economy, Fresh Supply Disruptions Pressure World’s Factories | W
U.S. Durable-Goods Orders Drop for First Time Since Last Spring | W
Inflation: What is it, will rates change, and what economists think the risks are, explained | Vox

US II
U.S. Treasury issues 37 million aid payments worth $83 billion this week | R
Biden to unveil multitrillion-dollar infrastructure plan in Pittsburgh next week | R
SBA is set to triple loan amounts for those hit by Covid | C

US III
Yellen now open to U.S. bank dividend payouts, stock buybacks | R
Yellen supports buybacks Warren wants BlackRock deemed too big to fail | C
Democrats Weigh Increases in Corporate, Personal Income-Tax Rates | W
Top Senate Republican blasts sweeping U.S. election reform bill as ‘power grab’ | R

US IV
Carbon Tax Sidelined in Biden’s Push on Climate, Taxes | W
New York Set to Legalize Recreational Marijuana for Adults Age 21 and Up | B
Opinion: Increase the minimum wage so working pays more than being unemployed | MW

China
Move Over Huawei, Xiaomi Is China’s New Smartphone King | W

Geopolitics & trade
A $60 Billion U.S. Stimulus Windfall Is Heading China’s Way | B
North Korea fires unidentified projectiles into Sea of Japan, U.S. allies say | C
Ever Given, a massive cargo ship, is still stuck in the Suez Canal | C
 
Industries & companies
Cruise lines: Planning to take a cruise in Pandemic Year 2? You won’t be allowed on board without a COVID-19 vaccination | MW
Media: ViacomCBS stock drops as investors express doubt on streaming execution | C
Retail: RH (RH) Q4 2020 earnings results | C