What I Am Reading - 2021 • Yardeni Research

YRI
Dr. Ed’s latest video podcast dated August 21
Daily Markets Overview
See subscribers' link below for today’s Morning Briefing

Markets
Stocks Close Lower After S&P 500, Nasdaq Records | W

Central banks
Fed Conference Agenda Points to Policy Challenges in ‘Uneven Economy’ | W
Fed hawks circle before Powell speech as they push for bond taper | R
Fed’s Kaplan is worried about inflation and risk-taking, and wants to announce taper in September | C
How Should the Fed Deal With Climate Change? | N

US
U.S. corporate profits soar in second quarter; economic growth raised | R
Runaway U.S. home price rises to slow, but affordability to worsen | R
U.S. Jobless Claims Rise but Hold Near Pandemic Low | W
After Years of Failure, California Lawmakers Pave the Way for More Housing | N
Why Is the Supply Chain Still So Snarled? We Explain, With a Hot Tub | W

China
Chinese Property Giant Warns of Losses After Cutting Apartment Prices | W

Geopolitics & trade
Biden vows to complete Afghanistan evacuation, hunt down ISIS leaders after Kabul attack | C

Industries & companies
Autos: U.S. August auto sales to fall as supply constraints continue - J.D. Power, LMC Automotive | R
Tech: World’s Largest Chip Maker to Raise Prices, Threatening Costlier Electronics | W
Tech: HP, Dell See Swelling Backlogs Amid Hot Demand And Supply Shortages | W

Corporate finance
Politico Is Sold to Axel Springer for More Than $1 Billion | N

Cybersecurity
T-Mobile Hacker Who Stole Data on 50 Million Customers: ‘Their Security Is Awful’ | W

Virus
U.S. Covid cases show signs of slowing, even as fatalities surge again | C
Covid — not vaccinations — presents biggest blood clot risk, large study finds | C
Delta’s Extra $200 Insurance Fee Shows Vaccine Dilemma for Employers | N
Battle Over Covid-19 School Mask Rules Plays Out in Florida Court | W

August 26 (Thursday)

YRI
Dr. Ed’s latest video podcast dated August 21
Daily Markets Overview
See subscribers' link below for today’s Morning Briefing.

Markets
Stocks extend their rally with S&P 500 and Nasdaq hitting fifth straight day of gains | C
S&P 500, Nasdaq notch all-time closing highs ahead of Jackson Hole | R

Central banks
ECB Will Act If Fed Taper Creates Spillovers, Lane Tells Reuters | B

US
U.S. business equipment spending strong even as new orders flat in July | R
U.S. mortgage applications rise as mortgage rates edge down -MBA | R
Only a Fraction of Covid-19 Rental Assistance Has Been Distributed | W

Industries & companies
Financials: Banks Are Bingeing on Bonds, but Not Because They Want To | N
Retail: Ulta shares rise after beauty retailer posts 60% gain in revenue as makeup sales recover | C

Geopolitics & trade
U.S. still working to contact most of the estimated 1,500 American citizens left in Afghanistan | C

Virus
U.S. Covid-19 Hospitalizations Nearly Doubled in August as Some States Ask for Resources | W
Pediatric Covid hospitalizations surge to highest on record in U.S. as doctors brace for more | C
Biden Administration Likely to Approve Covid-19 Boosters at Six Months | W
Get Shots or Get Out | B
Delta Air Lines to Impose $200 Monthly Charge on Unvaccinated Employees, Add Testing Requirements | W

Cybersecurity
Biden Says Cybersecurity Is the ‘Core National Security Challenge’ at CEO Summit | W
Google, Microsoft plan to spend billions on cybersecurity after meeting with Biden | C

August 25 (Wednesday)

YRI
Dr. Ed’s latest video podcast dated August 21
Daily Markets Overview
See subscribers' link below for today’s Morning Briefing.

Markets
Stocks Rise, With S&P 500, Nasdaq Hitting Records | W
Euro Near Nine-Month Low as Fed, ECB Policies Diverge | W
If You Bought Municipal Bonds a Long Time Ago, This Is a Great Time | W

US I
The delta variant will slow but not derail the ongoing economic recovery | The Hill
The economy could be getting help from positive news on the delta variant | C
Opinion | Workers Don’t Want Their Old Jobs on the Old Terms | N
Covid-19 Rekindles Debate Over License Requirements for Many Jobs | W

US II
House passes budget resolution, advances infrastructure bill | C
Biden's approval ratings plummet, bad news for Democrats in Congress | C

Emerging
Delta Variant Outbreaks in Sparsely Vaccinated Asian Countries Disrupt Production | W

Geopolitics & trade
U.S. has evacuated 4,000 American citizens and their families out of Afghanistan | C
Report on Covid-19 Origins Due as China Remains a Challenge | W

Industries & companies
Theme Parks: Disney Strikes Vaccine Deal With Unions, as Labor Groups Negotiate Mandates | W
Retail: Walmart Opens Local Delivery Service to Other Retailers | W
Retail: Nordstrom (JWN) Q2 2021 earnings | C
Retail: Kohl's CEO: Rumored Amazon department stores won't ruin relationship | C

Corporate finance
Samsung to Invest $205 Billion in Chip, Biotech Expansion | W
TPG Moving Forward With Initial Public Offering Plan | W

Crypto
Bitcoin 'whales' jump back into market during cryptocurrency's rebound | C

Virus
Covid: CDC study shows unvaccinated people 29 times more likely to be hospitalized | C
Six-Month Effectiveness of Vaccine | The Lancet
Some Parents Push to Give Covid-19 Vaccine to Children Under 12, Against Government Guidance | W
Goldman Sachs to require all people entering its offices to be fully vaccinated against Covid-19 | C

August 24 (Tuesday)

YRI
Dr. Ed’s latest video podcast dated August 21
Daily Markets Overview
See subscribers' link below for today’s Morning Briefing.

Markets
U.S. Stocks Boosted by FDA’s Covid-19 Vaccine Approval | W
Infrastructure, budget reconciliation bills: Wall Street urges investors to prepare | C
Junk Munis Head for First Drop in Six Months on Slowing Demand | B
China’s Biggest Fears Are Giving Dollar All the Support It Needs | B

Central banks
Fed's Jackson Hole shift shows Delta variant's ability to skew plans | R
Jerome Powell's Jackson Hole Gamble Runs the Risk of Backfiring | B
Fed Chairman Powell Navigates the Inflation Debate | W
Brace yourself — inflation's coming back stronger than ever | The Hill
Biden and the Fed Wanted a Hot Economy. There’s Risk of Getting Burned. | N
Fed’s Ability to Set a Floor on Rates Weakening Amid Cash Deluge | B

Global
IMF's $650 billion reserves distribution is 'shot in arm' for global economy | R
What an Adult Tricycle Says About the World’s Supply-Chain Problems | N

US I
Delta variant, supply woes crimp business activity in August -IHS Markit survey | R
U.S. existing home sales climb for second straight month in July | R
Democrats Near Showdown on Infrastructure Bill, Broader Spending Package | W

US II
Studies show modest job gains from U.S. states' benefit cuts | R
'The Great Resignation': Employees have more choice than ever | C
An Uncomfortable Proposition for Gig Economy Investors | W
Meet the typical 40-year-old millennial | MSN

Geopolitics & trade
Firefight Erupts at Kabul Airport, While Taliban Affirm Pullout Deadline | W
SEC gives Chinese companies new requirements for U.S. IPO disclosures | C
Apple and Google’s Fight in Seoul Tests Biden in Washington | N

Industries & companies
Consumer discretionary: Amazon helped crush department stores. Now it reportedly wants to be one | NN
Communication services: Google updates site that explains how search works | C
Retail: Target to Add More Disney Shops to Stores | W
Tech: Intel Lands Pentagon Deal to Support Domestic Chip Making | W
Tech: Microsoft stock hits new record after Office price hike announcement | C
Tech: The World’s Hottest Smartphone Brand Is Chinese—and It Isn’t Huawei | W

Virus
Covid: Dr. Scott Gottlieb says delta Covid surge in South has peaked | C
Pfizer Vaccine Approved by FDA; Biden Says Companies Should Mandate Covid Shots | B
New York City Mandates Covid-19 Vaccines for All Teachers, Staff | W
Chevron Begins Vaccination Mandates as Covid-19 Roils Oil Fields | W
Many School Districts Keep Covid-19 Closure Thresholds Flexible | W
Workers Can't Wait to Return, but Delta Variant Upends Plans | N

Corporate finance
Boeing Plans Investment in Virgin Orbit’s $3.2 Billion SPAC Listing | W

Beyond markets
The tough calculus of emissions and the future of EVs | TechCrunch
Elon Musk Is Now The Second Richest Person In The World | FO

August 23 (Monday)

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

Central banks
Federal Reserve Cancels In-Person Jackson Hole Retreat Over Covid-19 | BR
Central banks should make clear what QE is for, and then reverse it | E
The Fed Is Trying to Sort Out Its Bond Buying. Here’s What It’s Looking At. | BR
What We Still Don’t Know About the Fed’s Bond-Buying Spree | W
The new Powell doctrine | E

US
American consumers become warier | E
What Companies Are Saying About Supply-Chain Disruptions | BR
The Chip Shortage Looks Like the Oil Shortage of the 1970s. What It Means for Stocks and the Economy. | BR
President Joe Biden's job approval ratings drop as crisis in Afghanistan mounts | C

Japan
Japan's private-sector activity hit by COVID-19 surge - PMI | R
Japan’s Love of Debt Offers a View of U.S. Future | W

Emerging
China Cuts Steel Production. How That Hurts Iron-Ore Prices. | BR
Emerging-market policymakers grapple with rising inflation | E

Geopolitics & trade
The fiasco in Afghanistan is a grave blow to America’s standing | E
Afghanistan Has More Than $1 Trillion of Natural Resources and China Wants a Piece of It | BR
Biden Afghanistan evacuation: U.S. has long way to go | C
Pentagon orders U.S. airlines to help fly Afghanistan evacuees | C

Industries & companies
Biotech: Moderna Stock Heads to the Moon | W
Media: 'Free Guy' box office second week hold tallies $18.8 million | C
Pharma: The Covid Threat Is Here to Stay. What That Means for Drugmakers. | BR
Tech: Should You Buy Apple, Microsoft, Alphabet, Amazon, or Facebook Stock? Yes, Despite Big Tech Regulatory Scrutiny. | BR

Corporate finance
Global dividends to near pre-pandemic levels in 2021 -report | R

Virus
FDA approval for Pfizer Covid vaccine could come Monday, report says | C
Jabs mostly fend off the Delta strain but breakthroughs are infectious | E
Regardless of how covid-19 spread, we need to better prevent lab leaks | E
More Children Are Hospitalized With Covid-19, and Doctors Fear It Will Get Worse | W

Beyond markets
Remote Work May Now Last for Two Years, Worrying Some Bosses | W
How a Video Résumé Can Get You Hired in the Covid-19 Job Market | W

Climate
Moving inland, Tropical Storm Henri drenches the U.S. Northeast | C

August 21 (Saturday)

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

Markets
Dow rebounds more than 200 points, but closes out a losing week | C
Stocks Rise on the Day, but Finish Week Lower | W
Oil posts biggest week of losses in nine months as Delta variant spreads | R
Half a trillion dollars wiped from China markets in a week as clampdowns shatter confidence | R

Central banks
Fed-Jackson Hole: Trying to avoid a tantrum amidst 'taper talk' | C
Fed's Kaplan watching Delta variant, says he may need to adjust view | R

US
How the tight labor market is keeping US vaccination rates low | NN

China