June 18 (Friday)

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

Markets
U.S. Stocks Diverge, Dollar Extends Rally on Fed’s Rate Outlook | W
Opinion: The real culprit for the selloff in the stock market? Hint: It wasn’t the Fed | MW
Tesla and Other Bubble Stocks Have Deflated Just Like 2000 | W
Commodities from copper to corn tumble on China crackdown, rising dollar | C

Central banks
The Economic Gauges Are Going Nuts. Jerome Powell Is Taking a Longer View. | N
Fed Reverse Repos Surge to Record of $756 Billion After Rate Tweak | W
Red-Hot U.S. Economy Drives Global Inflation, Forcing Foreign Banks to Act | W
Mortgage rates shoot higher after Fed Chairman Powell’s comments | C

US
U.S. weekly jobless claims show surprise rise to highest level in weeks | C
Schumer’s Two-Track Plan for Biden Agenda Hits Party Hurdles | B
Bipartisan $1 Trillion Infrastructure Package Gains Steam | W
Juneteenth becomes federal holiday after Biden signs bill | C

China
Soho China Sells to Blackstone, Cementing Owners’ Exit | N
He Warned Apple About the Risks in China. Then They Became Reality. | N

Geopolitics & trade
With Putin Behind Him, Biden’s Focus Shifts to China’s Xi | B
North Korea’s Kim vows to be ready for confrontation with U.S. | C

Industries & companies
Media: Nielsen Introduces New Ratings for Streaming Services | N
Media: Nielsen: Streaming makes up only 26% of time spent in front of TV | C
Social Media: TikTok Owner ByteDance’s Annual Revenue Jumps to $34.3 Billion | W

Virus
Biden is on track to fall short of vaccinating 70% of American adults by the Fourth of July | C
U.S. to Invest More Than $3 Billion in Covid-19 Antiviral Development | W
Davos is dead, and the coronavirus killed it | FT