Dr. Ed's Blog

Mar 24 (Wednesday)

YRI
YRI Podcast. In our latest video podcast, Dr. Ed  on the outlook for S&P 500 earnings.
Daily Markets Overview
Today’s Morning Briefing

Markets
Stocks Drop Amid Powell’s Testimony | W
Stock futures are flat amid renewed concern about pandemic recovery | C

T-Fed
Powell Says Stimulus Package Isn’t Likely to Fuel Unwelcome Inflation | W
Yellen Pledges to Work With Congress on Ways to Ease SALT Cap | B
Powell and Yellen agree valuations may be high but aren’t worried | C

US
White House to Outline Top-Line Spending Priorities Next Week | W
Here’s how Democrats want to raise taxes on the rich | C
250 CEOs and execs express “alarm” over largest tax hike in New York history | C
Joe Manchin Faces Home State Pressure to Oppose Fellow Democrats’ Voting Bill | W
Incredible Shrinking Income Inequality | W
Biden Calls for Stronger Gun Control After Shooting in Colorado | W

Geopolitics & trade
China Has Bought Only a Third of U.S. Goods Under Trade Deal | B
Migrant Surge at U.S. Border Prompts White House Talks With Mexico, Guatemala | W
Tesla Boss Elon Musk’s China Charm Offensive Rolls On With Praise for Climate Plans | W

Industries & companies
Media: Marvel’s ‘Black Widow,’ ‘Cruella’ To Debut on Disney+ and Theaters on Same Day | B
Tech: Tech Stocks Led the Market Rally. Now They’re Falling Behind. | W
Tech: Intel is spending $20 billion to build two new chip plants in Arizona | C

Virus
CDC likely to extend eviction ban; Nearly 1 in 5 U.S. adults is fully vaccinated  | C
U.S. Health Officials Raise Concerns Over AstraZeneca Vaccine Data | W

Corporate finance
Intel CEO Presses Turnaround Effort With $20 Billion Investment Plan | W

Offbeat
The World Is Facing a Coffee Deficit in Supply Chain ‘Nightmare’ | B
Musicians Turn to NFTs to Make Up for Lost Revenue | W
NFT Art: Jack Dorsey’s $2.9 Million Tweet Sets Off Scramble to Determine Value | B

Mar 23 (Tuesday)

YRI
YRI Podcast. In our latest video podcast, Dr. Ed discusses the main points of today’s Morning Briefing focusing on the outlook for S&P 500 earnings.
Daily Markets Overview
Today’s Morning Briefing

Markets
Tech Shares Start Week Higher | W
Asian shares follow Wall St advance as inflation panic eases | R
Oil Company Leaders Support Carbon Pricing Plan | W

Central banks
Fed Chair Powell: U.S. economy looks to be strengthening | R
Fed’s Barkin Will Look Past Inflation Jump; Bowman Expects Fed Policy to Stay Easy | W
Fed’s Bowman says small firm failures may increase, cites state virus restrictions | C
Powell Says Congressional Support Likely Needed to Adopt Fully Digital Dollar | W

US
Cold weather, tight supply depress U.S. home sales | R
U.S. Treasury’s Yellen sees post-COVID growth, possible full employment in 2022 | R
Biden Administration Officials Put Together $3 Trillion Economic Plan | W
Biden infrastructure plan: White House considers $3 trillion in spending | C
Biden infrastructure, jobs spending push could hit $4 trillion: source | R
Tight Supply Is Limiting Home Sales at Start of Spring | W

Geopolitics & trade
West sanctions China over Xinjiang abuses, Beijing hits back at EU | R

Industries & companies
Autos: Are Electric Cars Really Better for the Environment? | W
Autos: Tesla whistleblower on solar fires interviewed in CPSC probe | C
Autos: Renesas Chip-Plant Fire Spreads Concerns About Global Auto Production | W
Autos: Chip shortage has Detroit automakers struggling to maintain truck production | C
Tech: Microsoft Prepares to Reopen Its Offices and Enter Hybrid-Work Era | W

Virus
Covid cases rise across more than half of the U.S. as country races to vaccinate | C
Vaccine Fight Between EU and U.K. Threatens to Escalate | W
AstraZeneca’s Covid-19 Vaccine Is Safe, 79% Effective in Late-Stage U.S. Trials | W

Mar 22 (Monday)

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

Markets
Oil Is Still on a Bumpy Path to Recovery Despite Price Swerve | B
Sun Is Shining on Convertible Bonds, Built for Good or Bad Weather | BR
China’s Limits on Steel Production Could Weigh on Iron Ore | BR

Central banks
The Fed can fight inflation, but it may come at the cost of future growth | C
EU’s Plodding Stirs ECB Concerns as U.S. Delivers Stimulus | B
China central bank head says policy needs to selectively support growth, curb risks | R
Turkey’s Erdogan Ousts Central Bank Governor in Surprise Move | W

Global
IMF sees signs of stronger global recovery, but significant risks remain | R

US
Stimulus Checks Have Left U.S. Households Ready to Spend | W
Americans Are Ready to Travel. But Where Can They Go? | W
New Realtors Pile Into Hot Housing Market. Most Find It Tough Going | W

Europe
Pandemic leaves digital laggard Italy scrambling to catch up | R

US politics
New U.S. trade ‘czar’ Tai vows to promote equitable growth, give workers more say | R
Coming to America – Biden’s muddle on immigration | E

Geopolitics & trade
U.S.-China trade relations remain strained as Biden team takes tough stance similar to Trump | C
After the protests – China is not just shackling Hong Kong, it is remaking it | E
China to increase high-quality imports as economy recovers, vice premier says | R
Musk says Tesla would be shut down if its cars spied in China, elsewhere | C
Whiskey Sour: U.S. Distillers Bitter Over 25% Tariffs Set to Double in June | W

Industries & companies
Airlines: Say goodbye to $30 plane tickets. The era of dirt-cheap flights is ending | C
Consumer: E.l.f. Beauty Stock Looks Like a Buy. Here’s Why. | BR
Tech: Splunk Stock Is a Buy: After Falling Behind, It’s Catching Up. | BR

Corporate finance
Railroads Strike a $25 Billion Merger | W

Space & technology
How to Play the New Space Race | BR
The Space Race Has Long Led to Business Opportunities | BR
What Are NFTs? These Digital Tokens Are the Latest Investing Mania—and They’re Here to Stay. | BR

Virus
Covid-19 Vaccine Manufacturing in U.S. Races Ahead | W
Another shot in the foot – How Europe’s vaccine caution can cost lives | E
Covid cases are rising in 21 states as health officials warn against reopening too quickly | C

Mar 20 (Saturday)

YRI
Daily Markets Overview
Today’s Morning Briefing

Markets
Dow closes more than 200 points lower as banks sell off, breaks a two-week win streak | C
Rate fears are getting the blame for recent stock weakness, but other factors are at play | C

Central banks
It’s Time to Talk About the Bogeyman in the Market: Inflation | B
Why the Fed is not fazed by higher rates … yet | C
The Fed will not extend a pandemic-crisis rule that had allowed banks to relax capital levels | C

US
Economy Revs Up as Americans Increase Spending on Flights, Lodging, Dining Out | W

US fiscal policy
Bill Gates Says Some Tax Proposals Have Gone ‘Too Far’ | B

China
China to Restrict Tesla Use by Military and State Employees | W

Geopolitics & trade
Bitter Alaska Meeting Complicates Already Shaky U.S.-China Ties | W
Here are the highlights from the heated exchange between the U.S. and China in Alaska | C
China Buys More Iranian and Venezuelan Oil, in a Test for Biden | W
In Washington, ‘Free Trade’ Is No Longer Gospel | N

Industries & companies
Airlines: United’s Recent Engine Failure Spooked Denver. It’s Happened Before. | W
Financials: Visa says the DOJ plans to probe its debit card practices, shares fall 6% | C
Media: How Covid-19 Supercharged the Advertising ‘Triopoly’ of Google, Facebook and Amazon | W

Virus
Spring Arrives in Paris, Along With Another Covid-19 Lockdown | W
Fauci says the variant from the U.K. likely accounts for up to 30% of Covid infections in U.S. | C
CDC shortens Covid social distancing guidelines for kids in school to 3 feet with masks | C
Scientists Say They Found Cause of Rare Blood Clotting Linked to AstraZeneca Vaccine | W
Capitalism Is What Will Defeat Covid | W

Offbeat
Bill Gates says he’ll fly a lot less and eat more synthetic meat to fight climate change | C
Volcano erupts in Iceland near capital following weeks of seismic activity | C

Mar 19 (Friday)

Markets

Dow closes more than 200 points lower as banks sell off, breaks a two-week win streak | C

Rate fears are getting the blame for recent stock weakness, but other factors are at play | C

Central banks

It’s Time to Talk About the Bogeyman in the Market: Inflation | B

Why the Fed is not fazed by higher rates … yet | C

The Fed will not extend a pandemic-crisis rule that had allowed banks to relax capital levels | C

US

Economy Revs Up as Americans Increase Spending on Flights, Lodging, Dining Out | W

US fiscal policy

Bill Gates Says Some Tax Proposals Have Gone ‘Too Far’ | B

China

China to Restrict Tesla Use by Military and State Employees | W

Geopolitics & trade

Bitter Alaska Meeting Complicates Already Shaky U.S.-China Ties | W

Here are the highlights from the heated exchange between the U.S. and China in Alaska | C

China Buys More Iranian and Venezuelan Oil, in a Test for Biden | W

In Washington, ‘Free Trade’ Is No Longer Gospel | N

Industries & companies

Airlines: United’s Recent Engine Failure Spooked Denver. It’s Happened Before. | W

Financials: Visa says the DOJ plans to probe its debit card practices, shares fall 6% | C

Media: How Covid-19 Supercharged the Advertising ‘Triopoly’ of Google, Facebook and Amazon | W

Virus

Spring Arrives in Paris, Along With Another Covid-19 Lockdown | W

Fauci says the variant from the U.K. likely accounts for up to 30% of Covid infections in U.S. | C

CDC shortens Covid social distancing guidelines for kids in school to 3 feet with masks | C

Scientists Say They Found Cause of Rare Blood Clotting Linked to AstraZeneca Vaccine | W

Capitalism Is What Will Defeat Covid | W

Offbeat

Bill Gates says he’ll fly a lot less and eat more synthetic meat to fight climate change | C

Volcano erupts in Iceland near capital following weeks of seismic activity | C

Mar 18 (Thursday)

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
The Dow is set to extend the Fed rally with futures up 100 points| C
Gasoline Demand Has Peaked, Global Forecaster Says | W

Central banks
Fed expects growth surge, inflation jump in 2021 but no rate hike | R
Fed Holds Steady on Interest Rates, Bond Purchases | W
Fed Chair Powell is a ‘maestro,’ calming markets and averting chaos| C

Global
Everywhere You Look, the Global Supply Chain Is a Mess | W

US
IRS postpones April 15 U.S. tax deadline to May 17| C
What comes after the stimulus-fueled short-term economic boom? | TheHill
U.S. to Give $10 Billion to Schools for Covid-19 Testing | W

US politics
U.S. Senate Democrats introduce sweeping election reform bill facing steep odds | R
House GOP Allows Spending Earmarks, in Boost for Biden Plan | B
Katherine Tai Confirmed as Biden’s Trade Representative | W
Opinion | Andrew Yang Isn’t Doing U.B.I. Right – The New York Times | N

Geopolitics & trade
China is building up its ability to weaponize trade, new report says| C
China’s Combat Drones Push Could Spark a Global Arms Race | B
How the WHO’s Hunt for Covid’s Origins Stumbled in China | W
Biden Imposes His First Sanctions on Chinese Officials Ahead of Bilateral Meeting | W
Russia recalls its U.S. ambassador for consultations after Biden comment on Putin | R

Industries & companies
Autos: Toyota, Honda Shut U.S. Factories as Supplies Run Short | W
Financials: Bitcoin: Morgan Stanley is the first big U.S. bank to offer wealthy clients access to bitcoin funds| C

Corporate finance
Chinese Video Company Bilibili Eyes $2.8 Billion Hong Kong Share Sale | W
U.S. Antitrust Officials Unlikely to File Supreme Court Appeal in Qualcomm Case | W

Virus
Covid reinfection more common for the over-65s: Study finds| C
U.S. health experts try to ease Covid vaccine fears as AstraZeneca’s shot faces EU review| C
Ticket? Passport? Add a Covid Vaccination Card to the List of Must-Have Travel Documents | W

Mar 17 (Wednesday)

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
Stock futures are flat ahead of Fed verdict | C
Walgreens and other Dow stocks are having best quarters in decades | C

Central banks
Fed Seen Standing Firm on Interest Rates, Bond Purchases | W
The Financial Crisis the World Forgot | N

US
Retail Sales, Manufacturing Slip Ahead of Expected Spring Rebound | W
Anxious Americans to pay debt, taxes with COVID-19 stimulus checks | R
$300 unemployment benefits may not arrive till April, says Labor Dept. | C

US politics
Biden Says Covid-19 Stimulus ‘Already Doing What It Was Designed to Do’ | W

Europe
‘I Have No Money for Food’: Among the Young, Hunger Is Rising | N
Europe Weighs Caution on AstraZeneca Vaccine Against Covid-19 Threat | W

China
China Appears to Block Popular Encrypted Messaging App Signal | W

Geopolitics & trade
Kim Jong Un’s sister warns Biden administration | C

Industries & companies
Airlines: JetBlue is calling flight attendants back to work to handle increase in travel demand | C
Retail: Jim Cramer: High-end retail stocks show signs of more upside | C
Tech: Google, Apple giving up less than 5% of revenue from apps with pay changes: estimate | C
Tech: Uber grants UK drivers worker status after losing major labor battle | C

Corporate finance
FTC Prepares to Take Tougher Stance on Pharmaceutical Mergers | W

Offbeat
College Admission Season Is Crazier Than Ever. That Could Change Who Gets In. | W

Mar 16 (Tuesday)

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
Stocks Edge Higher Despite Declines in Energy Shares | W
Dow notches another record high, rising 170 points on reopening optimism | C

Central banks
Why this week’s Fed meeting could be ‘March madness’ for markets | C

US
The Pandemic Ignited a Housing Boom—but It’s Different From the Last One | W
Uncounted in the Unemployment Rate, but They Want to Work | N

US politics
In Size and Risk, Biden’s Opening Gamble Ranks With Reagan’s | W
Biden Tax Hike: Income Levels of More Than $400,000 a Year Will Be Hit Hardest | B
Student debt forgiveness: Schumer, Warren, Menendez urge Biden to cancel loans | C

Europe
French Economy Set for Stronger 2021 as Restrictions Hurt Less | B

China
Beijing Asks Alibaba to Shed Its Media Assets | W

Geopolitics & trade
U.S. Deploys Coast Guard Far From Home to Counter China | W
North Korea warns new U.S. administration if it wants peace it must avoid ‘causing a stink’: state news agency | R

Industries & companies
Airlines: Is Travel Coming Back? Airports Have Busiest Days Since March 2020 | W
Financials: U.S. Banks Will Turn Last Year’s Fear Into This Year’s Profits | W
Media: Where to Stream ‘Nomadland,’ ‘Minari’ and More 2021 Oscar Nominees | N

Corporate finance
DigitalOcean IPO filing plays up ease-of-use vs Amazon, Microsoft | C
Blackstone, Starwood Capital Team Up in $6 Billion Purchase of Extended Stay | W

Virus
Germany, France, Italy Suspend Use of AstraZeneca’s Covid-19 Vaccine | W
Dr. Scott Gottlieb: U.S. better on Covid vaccines, European-like surge unlikely | C

Mar 15 (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
Europe Is Still in the Throes of Covid-19, but Its Stocks Are Rallying | W
Commodities Supercycle Looks Like a Stretch | W

Central banks
Fed to Hike Rates in 2023 But Dots Won’t Show It, Economists Say | B

Global
The $3trn question – The world’s consumers are sitting on piles of cash. Will they spend it? | E
The world economy – Joe Biden’s stimulus is a high-stakes gamble for America and the world | E
50%+1 is enough for most things – Most democracies see only a limited role for supermajorities | E
Global Baby Drought of Covid-19 Crisis Risks Population Crunch | B

US
As the Covid-19 Pandemic Fades, the U.S. Economy Could Soar | B
Turbocharged Economy Leaves Factories Struggling to Deliver Goods That Shoppers Want | W
Yellen Says U.S. Inflation Risk Remains Small, ‘Manageable’ | B
Fewer kids are going to college because they say it costs too much | C
Taking stock of Stockton – A Californian experiment in the provision of guaranteed income returns its first results | E

Europe
Italians Flock to Parks, Rush to Get Haircut Before New Lockdown | B
Demolition Draghi – Italy’s new prime minister upends the country’s political parties | E
A Push to End Germany’s Status as ‘Paradise for Patent Trolls’ | W

China
The big target – A confident China seeks to insulate itself from the world | E

US politics I
White House Weighs How to Pay for Long-Term Economic Program | W
Child Tax Credit: How the Covid-19 Stimulus Package Gives Additional Money to Families | W

US politics II
Heads we win, tails you cheated – America’s battle over election laws | E
Politics – How to renew America’s democracy | E
Georgia activists pressure big corporations to oppose voting restrictions | C

Geopolitics & trade
FEMA ordered to help with influx of migrant children at U.S.-Mexico border | C
Xiaomi Wins Court Ruling Halting U.S. Investment Ban | W

Industries & companies
Airlines: Air travel: TSA records highest passenger screenings in nearly a year | C
Autos: VW to cut up to 4,000 jobs via early retirement, sources say | R
Consumer discretionary: With Shopify, Small Businesses Strike Back at Amazon | W
Cruise lines: Carnival Corp CEO sees minimum of two more tough years for cruise industry: FT | R
Energy: How wind became America’s top renewable electricity source | C
Media: How Covid-19 changed the advertising industry | C
Pharma: Lilly Alzheimer’s Drug Shows Modest Benefit in Clinical Trial | W
Retail: Retail investors may keep flowing into stocks, but that doesn’t mean they have to keep going up | C
Retail: Wayfair Stock Is Soaring, and Director Michael Kumin Bought Up Shares | B
Tech: Google Says Microsoft’s Stance on News Is Effort to Distract From Hack | W
Tech: Why the Next Big-Tech Fights Are in State Capitals | W
Tech: Outgoing CEO says Panasonic must cut Tesla reliance as battery tie-up evolves: FT | R

Virus & climate
States Are Finding More Unreported Covid-19 Deaths | W
Companies’ Climate Risks Are Often Unknown. Here’s How One Opened Up | W

Corporate finance
The Booming IPO Market Shows No Signs of Slowing. What Investors Need to Know. | B

Technology & remote work
Plane expensive – Why taking pilots out of planes has been more expensive than anticipated | E
From Remote Work to Hybrid Work: The Tech You’ll Need to Link Home and Office | W
Why Oracle, Uber and others use Clear Office for relocation services | C

Offbeat
Behind Greensill’s Collapse: Detour Into Risky Loans | W

Mar 13 (Saturday)

YRI
In this video podcast, Dr. Ed discusses how another round of government checks might drive stock prices higher in coming weeks.
Daily Markets Overview
Today’s Morning Briefing

Markets
Dow climbs 290 points to close at another record, surging yields hit tech stocks again | C
Value Investors Finally Have Reason to Celebrate—for Now | W
Opinion: The stock market is behaving in mysterious ways — is it bullish, bearish or something else? | MW
U.S. Treasury Yields Climb Sharply | W

Central banks
The Fed could be a catalyst for bonds, and that could drive growth stocks in week ahead | C
Fed to Decide on Extending Emergency Capital Relief for Big Banks | W
Mortgage Rates Are Rising. Read This Before You Refinance. | W

US politics
New Covid-19 Unemployment Benefits to Keep Stimulus Flowing Through Summer | W
Stimulus check update: IRS started processing $1,400 payments Friday | C
Massive $1.9 trillion bill is a bailout for blue states | NYP
The Relief Bill Will Save Tens of Thousands of Airline and Airport Jobs | N
A Last-Minute Add to Stimulus Bill Could Restrict State Tax Cuts | N

China
China’s Corporate Earnings Set for Biggest Jump in a Decade | B
China Regulator Fines Tencent, Baidu, Others Over Investment Deals | W

Geopolitics & trade
U.S. Wants India’s Help on China, but There Are a Few Sticking Points | W

Industries & companies
Autos: Tesla is using customers to test AV tech on public roads: NTSB | C
Tech: Oracle lags behind cloud leaders in capital expenditures | C

Virus
U.S. tops 100 million Covid vaccine doses given, 13% of adults fully vaccinated | C
Biden Rebuffs EU, AstraZeneca and Says U.S. Will Keep Its Doses | B
Europe Confronts a Covid-19 Rebound as Vaccine Hopes Recede | W

Corporate finance
AT&T, Verizon Vow to Boost Sales Before 5G-Fueled Debt Comes Due | W

Cybersecurity & Technology
Microsoft Probes Whether Leak Played Role in Suspected Chinese Hack | W
3D-printed housing developments suddenly take off – here’s what they look like | C

Offbeat
Does NFT Art Spell Trouble for Auction Houses and Dealers? | W