wiar 01-20-21

MFwebsite2020researchWhat I Am Reading

Jan 20 (Wednesday)

YRI
Video 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
Irresistible? Pension funds plot move on China’s $16 trillion sovereign bond market | R
Unintended consequences from stimulus could crush stocks: Jim Paulsen | C
U.S. Corporate-Bond Rally Rolls Into 2021 | W

Central banks
ECB Is Capping Bond Yields But Don’t Call It Yield Curve Control | B

US
How Full Employment Became Washington’s Creed | N

Europe
Europe, Struggling to Exit the Pandemic, Faces Bleak 2021

China
China’s Consumers Fall Behind Even as Its Economy Marches Forward | W

US politics
“Act big” now to save economy, worry about debt later, Yellen says in Treasury testimony | R
Treasury nominee Yellen: U.S. can afford higher corporate tax if it coordinates globally | C
Yellen confirmation hearing shows real fight will be over taxes | MW
Cuomo proposal would raise tax for wealthiest New Yorkers to 14.7% | C
What’s on Biden’s Business and Economic To-Do List | W
Biden looks to give a big boost to homebuyers and builders | C
How Full Employment Became Washington’s Creed  | N
McConnell Says Trump Provoked Mob That Attacked Capitol | W

Geopolitics & trade
U.S. Says China Is Committing Genocide Against Uighur Muslims | W
Covid-19 Heightens U.S.-China Rivalry, New Report Says | W

Industries & companies
Autos: How Volkswagen’s $50 Billion Plan to Beat Tesla Short-Circuited | W
Financials: Wall Street should fear new Biden financial regulators, experts say | MW
Financials: Goldman Sachs, With Big Earnings Jump, Is Having a Profitable Pandemic | W
Financials: Banks Need a Pickup in Loans to Prosper | W
Media: Disney Cuts Iger’s Pay 56% to $21 Million, Axes Bonuses | B
Media: Netflix and Disney trading places: Upstart vs old guard | C
Media: Netflix forecasts an end to borrowing binge, shares surge | R
Media: Netflix shares rise on strong subscriber growth, considers share buybacks | C
Retail: Office Depot Rebuffs Takeover Offer From Staples | W

Virus
Inconsistent supply is biggest challenge to Covid vaccine rollout, says NJ hospital CEO | C