November 04 (Thursday)

YRI
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing.
Replay of Dr. Ed’s webinar on November 1.

Markets
Stocks Hit Records as Fed Scales Back Bond Buying | W
Stocks rise as Fed tapers without the tantrum | R
When Will America’s Oil Industry Open The Taps? | OilPrice.com

Climate & energy
COP26 Negotiators Make Progress on Carbon-Trading Rules | W

Central banks
Fed Dials Back Bond Purchases, Plots End to Stimulus by June | W
FOMC: Time is here to taper bond buying, not to hike rates | R
Fed sings the ‘transitory’ inflation refrain, unveils bond-buying ‘taper’ | R
Fed’s Powell: Could reach maximum employment by mid-2022 | R
A full recap of the Fed’s market-moving decision and Powell’s press conference | C
Reshuffle the Fed Board Now by Simon Johnson | PS

US
New Jersey governor election: Phil Murphy beats Jack Ciattarelli | C
Strong U.S. services sector, private payrolls boost economy as Q4 starts | R
House Democrats Add Paid Leave, State-and-Local Tax Deduction to Bill | W
House Democrats propose increasing SALT cap to $72,500 through 2031 | C
Where Are All the Truck Drivers? Shortage Adds to Delivery Delays | W

China
China is rapidly expanding its nuclear arsenal, Pentagon says | C

Industries & companies
Autos: How Car Shortages Are Putting the Economy at Risk | N
Autos: Ford to impose Covid vaccine mandate on most of its 32,000 salaried workers | C
Health care: CVS Looks to Add Doctors to Its Payroll | W
Tech: Qualcomm (QCOM) earnings Q4 2021 | C

Corporate finance
Billionaire investor Charlie Munger: Democrats’ plan to tax stock buybacks is ‘literally insane’ | NN
Allbirds IPO: (BIRD) starts trading on the Nasdaq | C

Virus
Kids Covid vaccine: Biden says shots will ‘accelerate’ nation’s path out of pandemic | C
Thousands in Air Force, Space Force Seek Exemption From Covid-19 Vaccines | W

Beyond markets
2021 World Series ratings: Braves-Astros Game 6 draws 14.3 million | C