October 13 (Wednesday)

YRI
Dr. Ed’s latest video podcast dated October 10
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing

Markets
U.S. Stocks Close Lower for Third-Straight Day | W
Dow falls for third straight day as investors await inflation data, bank earnings | C
Cramer says the stock market is ‘incredibly confusing’ right now and investors should be patient | C

Central banks
Fed’s Bank Supervision Committee Will Have No Chairman After Quarles Term Ends Wednesday | W
Fed announces Quarles to step away from internal regulatory lead role as vice-chair term expires | R
Fed’s Clarida Affirms Fed Plans to End Bond Purchases by Mid-2022 | W
Fed’s Bullard says bond purchases should be tapered quickly in case rate hikes are needed | C
Fed’s Bostic: Inflation Surge Will Likely Last Longer Than Expected | W

Global
IMF Cuts Global Growth Forecast Amid Supply-Chain Disruptions, Pandemic Pressures | W
World’s Growth Cools and the Rich-Poor Divide Widens | N

US
A record 4.3 million workers quit their jobs in August, led by food  | C
U.S. quits scale record high, millions of job openings as labor market tightens | R
House approves debt limit increase that will last through part of December, sends bill to Biden | C

China
China Home Sales Are Falling Sharply | W
In China, Home Buyers Who Went All In Say They Want Out | N
China Auto Sales Drop as Chip Shortage Endures | W

Industries & companies
Airlines: Southwest Pilots Warn Fatigue, Frustration Could Fuel Further Outages | W

Corporate finance
GM to Recover $1.9 Billion in Bolt-Recall Costs in Deal With LG | W
Some Investors Find Stability in SPACs | W

Corporate finance
Columbia Banking, Umpqua Bank to Merge in $5 Billion Deal | W

Virus
Biden’s Covid-19 Vaccine Mandate for Large Employers Moves Closer to Approval | W
FDA staff doesn’t take stance on Moderna Covid booster shots | C

Beyond markets
L.O.L. Dolls Are Stuck in the Supply Chain. John Baker Must Free Them Before Christmas. | W
Older Adults Shouldn’t Start Taking Aspirin in Effort to Prevent First Heart Attack, Panel Says | W