November 05 (Tuesday)
YRI
The stock market keeps setting new highs in a rally no one saw coming C
Actually we did in the following CNBC interviews:
Unprecedented market momentum could help drive stocks to all-time highs: Wall Street bull Ed Yardeni (12/27/18)
A contrary indicator suggests the market’s win streak is just beginning, Wall Street bull Edward Yardeni says (1/20)
Don’t listen to ‘alarmists’ over earnings slowdown, Ed Yardeni says it’s an ideal time to be in stocks (2/28)
Here’s how the S&P 500 gets to 3500 in 18 months: Yardeni (4/12)
Market will return to all-time highs with help from a group hit by the trade war, Wall Street bull Ed Yardeni predicts (5/18)
Stocks will soar 17% through next year, market bull Ed Yardeni predicts (9/21)
A ‘market melt-up’ is becoming a real risk as stocks hit new highs, Wall Street bull Ed Yardeni warns (11/3)
Markets
Dow rips to a record high, now up nearly 18% on the year C
Don’t celebrate the Dow record too much, Morgan Stanley predicts dismal returns the next decade C
Central banks & financial stability
Risky Mortgage Bonds Are Back and Delinquencies Are Piling Up B
US
Manufacturing Data Flash Warning Sign for U.S. Jobs BR
The Truth About Income Inequality W
Bank of America to hike minimum wage for all employees to $20 per hour a year ahead of schedule C
Stanford Tops Ranking of U.S. B-Schools, Dartmouth Hurtles to Second Spot B
Europe
Euro zone factories stuck in a slump as trade war still biting R
German manufacturing stuck in recession, factory job losses accelerate: PMI R
UK manufacturing decline slows after new Brexit stockpiling rush: PMI R
Japan
Japan October factory activity sinks to three-year low, orders fall – PMI R
China
China Oct. factory activity expands at fastest pace in over two years: Caixin PMI R
American Brands Aren’t Getting Any Love in China’s Singles’ Day B
US politics
Wall Street donors are so worried about Elizabeth Warren that they are snubbing Democrats in 2020 Senate races C
Trump will ask Supreme Court to take New York tax returns case after losing appeal C
Democratic groups launch $75 million digital ad effort to fight Trump R
House committees release first transcripts of closed-door Trump impeachment testimony R
Nancy Pelosi Is Worried 2020 Candidates Are on Wrong Track B
Geopolitics & trade
Iran launches more advanced machines to speed up nuclear enrichment: official R
U.S. targets Iranian top leader’s inner circle with new sanctions R
Iran Finds Itself in Crosshairs of Arab Protesters W
Industries & companies
Energy: An Energy Breakthrough Could Store Solar Power for Decades B
FAANGs: Amazon is responsible for most Big Tech job growth since 2000 C
Retail: Walmart appears to be gaining ground against Amazon C
Tech: Microsoft CEO Nadella stands by $10 billion Pentagon contract win, even though some employees have protested C
Tech: Uber misses on riders, beats revenue estimates as lockup expiry looms R
Corporate finance
Give or take a trillion: Investors still in the dark on Saudi Aramco value R
Offbeat
Warren Buffett has $128 billion in cash to burn and analysts can’t figure out why he isn’t spending it C
‘I care’ — billionaire investor tears up talking about America, Elizabeth Warren and Donald Trump C
Apple pledges $2.5 billion to fight California housing crisis R
