June 11 (Friday)

YRI
Dr. Ed’s latest video podcast
Daily Markets Overview
Today’s Morning Briefing

Markets
S&P 500 brushes off rising inflation to hit record high | R
Tech Giants Lift S&P 500 to Record as Reddit Favorites Languish | B

Central banks
Inflation hotter than expected, but temporary, won’t affect Fed policy | C
Inflation Rate Climb Adds Impetus to Fed Policy Shift | W
Fed balance sheet tops $8 trillion for first time -data | R
China’s PBOC Gets Local Government Help in Avoiding Cash Crunch | B

US I
CPI May 2021 jumps 5%, fastest pace since summer of 2008 | C
Which Higher Prices Are Here to Stay? | W
Household net worth climbs to $136.9 trillion, thanks to big stock market gains | C

US II
Biden infrastructure plan: Bipartisan Senate group nears deal | C
U.S. House panel approves $547 bln infrastructure boost | R
U.S. Treasury’s Yellen says Congress needs to fund debt relief programs | R
Third member of prestigious FDA panel resigns over approval of Biogen’s Alzheimer’s drug | C

China
The Sad End Of Jack Ma Inc. | FR

Industries & companies
Consumer: Chewy CEO: Dog, cat adoption rates have remained high amid reopening | C
Restaurants: Starbucks, Flush With Customers, Is Running Low on Ingredients | N

Corporate finance
Didi Chuxing files for IPO, booked $6.4 billion revenue in Q1 | C
Vertical Aerospace to go public in $2.2 billion SPAC, gets American Airlines investment | C
Asset Managers in Europe Look for Deals to Bulk Up | W

Virus
Covid vaccine: CDC says heart inflammation in 16- to 24-year-olds higher than expected after second shot | C
Covid-19 Deaths This Year Have Already Eclipsed 2020’s Toll | W
U.S. Suspends J&J Covid-19 Vaccine Shipments as States Face a Surplus of Expiring Doses | W
Moderna’s Covid-19 Vaccine Seeks FDA Authorization for Use in Adolescents | W