November 19 (Friday)

YRI
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing.
Replay of Dr. Ed’s webinar on November 15.

Markets
S&P 500 rises in choppy session as Nvidia leads gains in tech shares | C
S&P 500 Sets Another Record Following Earnings From Macy’s and Kohl’s | W
Supply-Chain Snarls Deliver Windfalls to Wall Street | W

Energy
Biden’s Remedy for High Gas Prices: Blame Oil Companies | B
Biden Oil Price Approach Is Working and He Hasn’t Even Acted | B

Central banks
A dovish rate hike? The case that loose Fed policy could backfire on jobs | R
If Biden picks Brainard over Powell for Fed chief, expect an immediate market impact | C

US I
Rising Prices Weigh on Biden as Voters Blame Him for Inflation | B
House Closes In on Vote on $2 Trillion Social Spending and Climate Bill | W
Democrats’ $2 trillion spending bill excludes student loan forgiveness | C
Congress Debates Requiring Women to Register for Military Draft | W
Cities Try to Lure Factories as U.S. Pushes to Fix Chip Shortage | N

US II
Why the ‘Great Resignation’ may not last very long | C
No ‘great migration’: Americans stayed put during pandemic | CSMonitor.com
Ultra-Rich Skip Estate Tax and Spark a 50% Collapse in IRS Revenue | B
Ark Invest’s Wood dumps nearly all of her Zillow holdings | C

China
China Evergrande to Shed Stake in Tencent-Backed Venture for $273 Million | W

Geopolitics & trade
Beijing Olympics: Biden says U.S. is considering diplomatic boycott | C

Industries & companies
Autos: Ford, GM Step Into Chip Business | W
Communication Services: Instagram’s Effects on Children Are Being Investigated by Coalition of States | W
Logistics: FedEx (FDX) Sees 10% Rise in Holiday Package Volume to Record Levels | B
Retail: CVS store closures: To shut about 300 stores a year over next three years | C
Retail: Nike teams up with Roblox to create a virtual world called Nikeland | C

Corporate finance
Bayer CEO Rejects a Breakup After J&J and General Electric Split | B
Macy’s Hires Adviser to Study Separation of E-commerce Business | W

Virus
Covid-19 Surge Prompts Renewed Lockdown in Parts of Europe | W
Covid boosters: States are already telling all adults to get third shots | C
U.S. Buys 10 Million Treatment Courses of Pfizer’s Covid-19 Pill for $5.29 Billion | W
New Reconstruction Points to Animal Origins for Covid-19 | W
Apple pushes back return to office plan to February | C