October 29 (Friday)

YRI
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing.
Replay of Dr. Ed’s webinar on October 25.

Central banks
The Fed’s inflation story, in charts | R

Climate & energy
India rejects net zero emissions target as Modi heads to COP26 climate talks | C
G-20 Climate Talks Threatened by Clash Over Coal Ahead of COP26 | W
Biden Framework for Social-Climate Package Fails to Ease Passage of Infrastructure Bill | W
Biden’s Spending Bill Includes $555 Billion for Climate Measures | W

Supply & labor shortages
Apple Warns of Supply Chain Woes While Amazon Faces Increased Labor Costs | W
A Simple Piece of Steel and Wheels Is Holding Up the Global Supply Chain | W

US
U.S. Economy Slowed in Third Quarter on Delta Surge, Supply Crunch | W
Consumer Spending Likely Grew More Slowly in September | W
Treasury Secretary Yellen says spending bills will be anti-inflationary, lowering important costs | C
Yellen expects inflationary pressures to ease by second half of 2022 | C
True cost of Dems’ plans: $7.5 trillion and a lot of gimmicks | P
When the World Is on the Brink, $3.5 Trillion Is a Pittance | N
A New Era of Stagflation?

Europe
Euro zone inflation rises to 4.1% for October, hitting a new 13-year high | C

China
Evergrande Averts Default Again by Making Second Late Payment | W
After Alibaba’s $400 Billion Stock Selloff, Investors Hope the Worst Is Over | W

Industries & companies
Communication services: Facebook Changes Company Name to Meta in Focus on Metaverse | W
Consumer discretionary: Amazon badly misses on earnings and revenue, gives disappointing fourth-quarter guidance | C
Consumer discretionary: Amazon finally made its first TV with Alexa built in — here’s what it’s like
Energy: Chevron reports highest free cash flow on record as rebound in oil boost results; shares gain | C
Finance: American Banks Have What They Want in China. Their Fate Is Still Out of Their Hands. | W
Retail: Retailers reel in delivery deadlines to get Christmas gifts to shoppers on time | R
Tech: Apple sales miss expectations, Tim Cook says supply issues cost company $6 billion | C
Tech: Global Chip Shortage ‘Is Far From Over’ as Wait Times Get Longer | W

Corporate finance
Satellite Maker Terran Orbital Strikes $1.58 Billion SPAC Deal | W
New Policy Gives FTC Greater Control Over How Companies Do M&A | W

Virus
Delta mutation is no reason to panic — but Covid vaccination remains crucial, scientists say | C
Coronavirus Study of Bats in China Met NIH Grant Requirements, EcoHealth Says | W