August 03 (Tuesday)

YRI
Daily Markets Overview
Today’s Morning Briefing

Markets
Stocks Reverse Early Gains, Finish Modestly Lower | W
Virus woes, slowing economic growth weigh on Wall Street | R
As the economy hits its peak, stock market gains could be harder to come by | C
European Bonds Rally on Bets on Weak Growth, Inflation | W

Central banks
Fed Governor Waller sees reduction in bond purchases possibly starting in October | C
Fed Chairman Powell’s Approach to Regulation Has Drawn Criticism From Some Democrats | W
Home Prices Are Soaring. Is That the Fed’s Problem? | N

US I
What’s in the Infrastructure Bill for Roads, Bridges, Broadband and Cryptocurrency | W
Factbox: What’s in the U.S. Senate’s bipartisan $1 trillion infrastructure bill? | R
How language in the infrastructure bill could roil the crypto markets | C
Some Republican U.S. senators snipe at $1 trillion bipartisan infrastructure bill | R

US II
White House defends its decision not to extend the eviction moratorium | C
White House Pushes Distribution of Aid to Renters as Eviction Moratorium Expires | W
Janet Yellen to Enact Steps to Avoid Breaching Debt Ceiling | W
U.S. manufacturing growth cooling; bottlenecks starting to abate | R

Asia
Delta Variant Stalls Asia’s Economic Recovery After Early Rebound | W
Coal Projects in Asia Face Dwindling Financing as Climate Pressure Mounts | W

Geopolitics & trade
China quietly sets new ‘buy Chinese’ targets for state companies – U.S. sources | R

Industries & companies
Financials: Goldman Sachs Is Giving Entry-Level Bankers a Nearly 30% Raise | W
Financials: HSBC’s Profit Jumps as Pandemic Provisions Recede | W
Retail: Simon says sales at malls back to pre-pandemic levels in June | C
Tech: Pixel 6 will have new processor designed by Google | C

Corporate finance
Foot Locker to Buy Two Retailers for $1.1 Billion | W
News Corp to Buy Oil Price Information Service for $1.15 Billion | W
 
Virus I
CDC says 7-day average of daily U.S. Covid cases surpassed peak seen last summer | C
Covid vaccine: U.S. reaches Biden’s 70% goal for adults a month behind | C
U.S. labor revival in doubt as Delta raises worries about ‘back to school’ | R

Virus II
Masks Are Back On at Home Depot, McDonald’s and Target | W
Louisiana reinstates mask mandate to combat delta variant | C
Lindsey Graham reveals Covid infection, lauds vaccine | C