Jan 27 (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
Stocks Slip in Final Minutes, Close Lower | W
Dollar on the defensive with Fed’s Powell likely to sound dovish note | R

Central banks
Fed will need to reassure the market it’s not thinking about dialing back its support | C

Global
IMF Raises Global Economic Growth Forecast but Says Outlook Remains Uncertain | W
IMF economist backs increase in U.S. minimum wage, sees argument for slow phase-in | R

US
U.S. consumer confidence edges higher; house prices accelerate | R
Saved Stimulus Checks Expected to Help Spur Economic Recovery | W
Small-Business Owners Promised More PPP Loan Application Help | W

US politics
Yellen, Rice tout economics as key to fixing American inequality | R
Stimulus checks: White House signals it could narrowly target payments | C
Most Republican Senators Reject Constitutionality of Trump Impeachment | W

Geopolitics & trade
Navalny Protests Threaten to Snowball as Grievances Grow in Russia | W

Industries & companies
Energy: Biden’s Climate-Change Policy Targets Oil Industry | W
Industrials: GE Reports Surge in Year-End Cash Flow | W
Restaurants: Starbucks (SBUX) Q1 2021 earnings top estimates | C
Retail: Walgreens taps Starbucks COO Roz Brewer as its next CEO, sources say | C
Retail: Top-tier mall values have dropped 45% from 2016 levels: Green Street | C
Tech: Microsoft Earnings Jump on Pandemic-Driven Cloud, Videogame Demand | W
Tech: Microsoft hits $40 billion in quarterly sales for first time, reports record earnings | MW
Tech: Alphabet, Facebook rise as Microsoft ad units do better than predicted | C

Virus
Biden administration orders additional 200 million doses of vaccine | C
Immunity against SARS-CoV-2 may last at least 8 months | Study
What Does It Mean for a Virus to Become ‘Endemic?’ – AIER

Corporate finance
UBS Plans $4.5 Billion Share Buyback as Profit Surges | W

Technology
Virgin vs. Hyperloop TT: The Race to Make Musk’s Moonshot a Reality

Offbeat
What is Section 230 and why do some lawmakers want to revoke it? | C
For Sale: Souvenirs of Capitalism’s Failures | N
Widespread internet outage hits U.S. East Coast | R