July 30 (Friday)

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

Markets
Stocks Rise After GDP Data | W
Wall Street roars to record peak on rosy earnings, dollar wilts | R
China Moves to Reassure Global Banks and Investors After Market Rout | W
Lumber Makers See Comeback of Do-It-Yourself Home Projects – Bloomberg

US
U.S. economy contracted 19.2% during COVID-19 pandemic recession | R
Fiscal stimulus, vaccines likely fueled U.S. economic growth in the second quarter | R
The U.S. economy is bigger than it was pre-pandemic, but Covid could still decide what happens next | C
The U.S. Economy’s Prospects Looked Bright, Until the Delta Variant Surged | W
Growth Is Strong, but the Obstacles to Full Recovery Are Big | N
Is the US Economy Running Out of Slack? by Willem H. Buiter | Project Syndicate
Jobless Claims Resumed Decline Last Week | W

Japan
Japan’s factory output rises, job availability at near 1-year high | R

Geopolitics & trade
‘Industrial Policy’ Is Back: The West Dusts Off Old Idea to Counter China | W

Industries & companies
Consumer discretionary: Amazon Maintains Profit Run, but Sales Miss Expectations in Pandemic First | W
Retail: Toy Prices Are Going Up Ahead of the Holiday Season | W
Retail: Shopping center CEO says foot traffic is back to pre-Covid levels as retail evolves | C

Corporate finance
Robinhood (HOOD) IPO: Stock falls in Nasdaq debut | C

Virus
EU Overtakes U.S. in Covid-19 Vaccines as Delta Variant Spreads | W
Israel to Offer Pfizer Booster Shots to Elderly as Delta Cases Rise | W
Biden Says Federal Employees Must Get Covid-19 Shots or Wear Masks, Test Regularly | W

Beyond markets
Day-care centers struggle to rehire, worry many have left the industry | C