Apr 17 (Saturday)

YRI
Daily Markets Overview
Today’s Morning Briefing

Markets
Dow climbs 160 points to another record, posts 4th straight week of gains | C

Central banks
Fed’s Waller says the economy is ‘ready to rip’ but policy should stay put | C

US
Concerns over inflationary pressure on earnings will test stocks in the week ahead | C
America Is Short of Home Builders as Well as Homes | W
Real estate investor who shorted subprime mortgages says this housing boom is in a bubble, too | C
March Hiring Surge Spanned the Country | W
Covid-19’s Toll on U.S. Business? 200,000 Extra Closures in Pandemic’s First Year | W

Geopolitics & trade
U.S. Urges ‘Decisive’ Steps by China to Shift Away From Exports | B
Russia to Expel 10 U.S. Diplomats From Embassy in Moscow | W
Biden Will Raise Trump Refugee Cap Following Democratic Outcry | B

Industries & companies
Aerospace: More electrical problems found on some Boeing 737 Max, sources say | C
Autos: Car shoppers should expect high prices and limited inventory this spring | C
Consumer discretionary: How Amazon fought the union drive in Alabama | C
Consumer discretionary: Jeff Bezos Says Amazon Needs a Better Vision for Its Employees, Defends Work | W
Financials: Big Banks Rake in Record Profits as Stimulus Props Up Consumers | B
Financials: Morgan Stanley Books Archegos Loss, but Profit Hits a High | W
Media: Amazon’s ‘Lord of the Rings’ series will cost at least $465 million for first season | C
Tech: Dell Plans Spinoff of $52 Billion Stake in VMware | W

Virus
Vaccinations in the U.S. are surging with many states nearing half of residents jabbed | C
China Plans to Approve First Foreign Covid-19 Vaccine by July | W

Corporate finance
SPAC Hot Streak Put on Ice by Regulatory Warnings | W