Mar 05 (Friday)
YRI
Daily Markets Overview
Today’s Morning Briefing
Markets
Stock futures are flat after a steep sell-off on Wall Street amid surging bond yields | C
Dow falls more than 300 points as Powell fails to ease rate fears, Nasdaq goes negative on the year | C
Stock-market crash? No, but rising bond yields are sparking a nerve-racking rotation below the surface | MW
U.S. bonds: 10-year Treasury yield jumps back above 1.5% after Powell comments on inflation | C
US oil production won’t return to pre-pandemic levels: Occidental CEO | C
Dollar Rises to Touch 108 Versus Yen for First Time Since July | B
Central banks
Powell Confirms Fed to Maintain Easy-Money Policies | W
Fed Chairman Powell says economic reopening could cause inflation to pick up temporarily | C
Powell Sends Dovish Message That Leaves Bond Market Disappointed | B
Fed Chair Powell Offered a Patient Message. Markets Quivered Anyway. | N
Why the market is worried about Powell’s stance on inflation | C
US
Covid stimulus update: Senate takes step toward passing $1.9 trillion relief bill | C
30-Year Mortgage Rate Tops 3% for First Time Since July | W
Mothers Are Regaining Jobs, Even While Shouldering Pandemic Burdens at Home | N
Opinion | We Expect 300,000 Fewer Births Than Usual This Year | N
US politics
Democrats’ Ambitions on Voting Rights, Policing Run Headlong Into Senate Filibuster | W
Climate change: John Kerry talking to banks, asset managers about clean energy | C
Biden meets with U.S. lawmakers on infrastructure push | R
Biden Gets GOP Warning on Infrastructure: Expect to Pay for It | B
U.S. Treasury launches $9 billion coronavirus aid for low-income lending | R
Industries & companies
Autos: GM Looking to Build Second Battery Factory in U.S. | W
Retail: Costco Sales Rise 15% in Latest Quarter | W
Virus
One and Done: Why People Are Eager for Johnson & Johnson’s Vaccine | N
Pfizer Plant Helping Boost Covid Vaccine Production Has Repeat Quality Offenses | B
WHO Investigators to Scrap Plans for Interim Report on Probe of Covid-19 Origins | W
Cryptocurrency
China’s digital yuan: What is it and how does it work? | C
Offbeat
Exclusive: U.S. blocked Myanmar junta attempt to empty $1 billion New York Fed account – sources | R
Cathie Wood’s ARK Investment Faces Reckoning as Tech Trade Stalls | W
