Apr 23 (Friday)

YRI
Daily Markets Overview
Today’s Morning Briefing

Markets I
Stock futures tick higher after concerns over capital gain tax hike prompt selling | C
Dow closes more than 300 points lower following reports of Biden eyeing capital gains tax hike | C
U.S. stocks close down on news of Biden tax proposal | R

Markets II
Fat Valuations and Tech Stocks Seen as at Risk in Biden Tax Plan | B
China’s Booming Economy Is Fueling Alternative Yuan Trades | B
Rare Lumber Trade Shows How Extreme U.S. Shortages Have Become | B

US I
U.S. Unemployment Claims Hit New Covid-19 Pandemic Low | W
U.S. Existing-Home Prices Climb on Tight Supply | W
Semiconductor shortage could dent GDP growth, boost inflation | C

US II
Biden to propose capital gains tax hike to fund education, child care: reports | C
Biden to float historic tax increase on investment gains for the rich | R
GOP Senators Release Outline of $568 Billion Infrastructure Plan | W
House Passes Bill Proposing to Make Washington, D.C., the 51st State | W

Europe
As Covid-19 Vaccines Lag, Europe Keeps Cheap Money Flowing | W

China
Jack Ma Shows Why China’s Tycoons Keep Quiet | N

Industries & companies
Airlines: Southwest, American Say Leisure Travel Rebounding as Summer Season Approaches | W
Tech: Intel CEO Sees Prolonged Chip-Supply Constraints | W
Wireless: AT&T’s Revenue Rises as Wireless Unit, HBO Add Customers | W

Climate
At Earth Day Climate Summit, Biden Pushes for Sharp Cut to Greenhouse-Gas Emissions | W

Virus
India Hits Global Record for Daily New Covid-19 Cases | W
New Covid variant shows signs of antibody resistance, more severe illness in young people | C