September 29 (Wednesday)

YRI
Dr. Ed’s latest video podcast dated September 26
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing

Markets
Higher rates and Washington dysfunction are combining to push the market lower | C
Stocks Drop as Bond Yields Hit Three-Month High | W
Oil Hits Three-Year High as Natural-Gas Crunch Spills Into Crude Market | W
Commodity Price Surge Deals Stagflationary Blow to World Economy | B

Central banks
Sen. Warren calls Fed Chair Powell a ‘dangerous man,’ says she will oppose his renomination | C
Fed’s Powell faces heated questions on trading, regulation and diversity | R

US I
U.S. consumer confidence hits seven-month low as near-term economic outlook dims | R
Home-Price Growth Hit Record in July | W
The Economy Looks Solid. But These Are the Big Risks Ahead. | N

US II
Progressives Defy Pelosi, Vow to Vote No on Infrastructure Bill | B
Democrats’ plans will blow up US budget for generations | P
Janet Yellen Says Treasury Could Exhaust Cash Reserves by Oct. 18 if Debt Limit Isn’t Raised | W

US III
Why Biden says his plan costs ‘nothing’ (and why he’s right) | MSNBC
CEOs worried about corporate tax hikes as Dems push bills aimed at boosting working families | C
Entitlements for the Affluent | W
David Frum: How Democrats Could Trigger a Trump Comeback | The Atlantic

Europe
With Germany Sidelined, EU Must Wait on Big Challenges | W

China
Evergrande’s Struggles Offer a Glimpse of China’s New Financial Future | N
China Power Outages Close Factories and Threaten Growth | N

Geopolitics & trade
Afghan army collapse ‘took us all by surprise,’ U.S. defense secretary says | R

Industries & companies
Autos: Ford Fortifies EV Bet With Four New Factories in Tennessee and Kentucky | W
Consumer: Amazon event 2021 live updates: Astro home robot and more announced | C
Communication services: Facebook’s Effort to Attract Preteens Goes Beyond Instagram Kids, Documents Show | W

Corporate finance
Bank Mergers Are On Track to Hit Their Highest Level Since the Financial Crisis | W

Big tech & misinformation
Eric Schmidt: AI Could Worsen Our Misinformation Problem | The Atlantic
How Covid Misinformation Created a Run on Ivermectin | N
The bipartisan reason Congress should regulate big tech | TheHill
Big Tech Companies Amass Property Holdings During Covid-19 Pandemic | W
 
Virus
Pfizer submits data for COVID-19 vaccine use in younger kids | R

Beyond markets
Federal Judges With Financial Conflicts | W