October 22 (Friday)

YRI
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing

Markets
S&P 500 Edges Higher to Record | W

Central banks
Fed to ban policymakers from owning individual stocks, restrict trading following controversy | C
Months-long ‘trading blackout’ was urged for Fed officials last year | R
Powell, with ethics move, clears decks for Nov meeting and maybe his renomination | R
Fed’s Raphael Bostic sees interest rate hike coming amid inflation | C
Financial Stability Oversight Council weighs in on climate risks | C

Climate & energy
U.S. Intelligence Report Sounds New Climate Warning | W
Carbon offsets are necessary, market needs to grow fast: B of A exec | C

US
U.S. Home Sales Jumped 7% in September | W
Inflation watch: Corporate chiefs see prices moving in only one direction | R
Democratic Voters Want Biden’s Big Spending Deal—and They’re Getting Impatient | W
Democrats Weigh Tax Alternatives to Fund $2 Trillion Package | W
Bigger state and local tax deductions still possible as Democrats grapple over spending | C

China
Chinese Developer Defaults Pile Up as Evergrande Contagion Spreads | W
Xi Jinping Hasn’t Left China in 21 Months, Keeping Diplomacy Virtual | W

Japan
Japan’s private-sector activity grows for first time in 6 months – PMI | R

Industries & companies
Communication services: How Many Users Does Facebook Have? The Company Struggles to Figure It Out | W
Retail: The supply chain crisis should change our holiday shopping habits | Vox
Retail: Sneaker Bots Made Shoe Sales Super-Competitive. Can Shopify Stop Them? | N

Corporate finance
EXCLUSIVE U.S. slows down oil and gas mergers-sources | R

Virus
Pfizer-BioNTech Covid-19 Booster Shot Was 95.6% Effective in Large Trial, Companies Say | W
Covid-19 Herd Immunity Proves Elusive in U.K. | W
CDC panel endorses Moderna, J&J Covid vaccine boosters, sends to director for final OK | C