January 05 (Wednesday)
YRI
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing.
Markets
Dow posts closing record high for 2nd day, boosted by banks | R
Central banks
Fed’s Powell, Brainard to get Senate hearings next week; Biden promises diversity | R
Fed’s Neel Kashkari Now Sees Two 2022 Rate Rises Amid Inflation Surge | W
US
Record U.S. quits, hiring slowdown may show Omicron’s impact on labor supply | R
JOLTS November 2021: Record 4.5 million workers quit their jobs | C
U.S. manufacturing cools but globally factories take Omicron risks in their stride for now | R
Joe Manchin says he’s had no talks about Biden’s Build Back Better bill | C
China
Commentary: China’s economy is faltering. The world just doesn’t know it yet | CNA
The Made in China Plan Is Back, With a Focus on Industrial Robots and Automation | B
Lockdown of Chinese City Leaves 13 Million Stranded | W
Evergrande Is Told to Tear Down 39 Buildings on Man-Made Island | W
Olympic Committee Becomes Latest Target of Critics of Treatment of Uyghurs | W
Geopolitics & trade
North Korea Fires Missile Off Its East Coast | W
Russia’s Military Buildup Near Ukraine Is an Open Secret | W
Cyber attack prompts Italy to rethink use of Chinese surveillance cameras | theallineed.com
Industries & companies
Airlines: Airlines cancel another 1,400 flights as omicron, severe weather continue to snarl travel | C
Autos: Toyota Overtakes GM as Bestselling Auto Maker in U.S. | W
Autos: EVs Could Revive Detroit’s Supply-Chain Woes | W
Pharma: Why Biogen’s Alzheimer’s drug Aduhelm is so controversial | C
Retail: Macy’s cuts store hours at all of its stores as Covid cases spike | C
Virus
U.S. Covid-19 Infections Top One Million After Holiday Backlog | W
Omicron makes up 95% of sequenced U.S. Covid cases as infections hit record | C
Universities’ Covid Policies Defy Science and Reason | substack.com
CDC declines to add Covid testing recommendation to updated isolation guidance despite criticism | C
CDC Backs Pfizer-BioNTech Booster for Immunocompromised Children | W
Walmart, Kroger Raise Prices of Covid-19 Test Kits | W
Beyond markets
WeWork Co-Founder Adam Neumann Is Becoming an Apartment Mogul | W
