January 19 (Wednesday)
YRI
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing.
Replay of Dr. Ed’s webinar on January 18.
Markets
Dow drops 540 points, Nasdaq falls 2.6% as 10-year yield rises to 2-year high | C
Stocks End Lower as Bond Yields Hit Two-Year High | W
Rising interest rates could keep a choke hold on tech and growth stocks | C
US I
U.S. home builder sentiment dips; New York state factory activity plummets | R
Mortgage rates jump again, causing headaches for homebuyers | C
NYC Property Values Projected to Rise 8.2% as Homebuyers Return | B
U.S. Democrats set voting rights showdown with no clear path to victory | R
Republicans are much more worried about inflation than Democrats | NN
US II
U.S. companies are expecting to pay an average 3.4% raise to workers in 2022 | C
Goldman CEO says he sees ‘real wage inflation everywhere’ after 33% jump in pay expenses | C
Texas, Arizona Have Recovered All the Jobs Lost When Covid-19 Hit | W
The Left’s big government plans are job killers | Washington Examiner
China
In China, the Economic Buzzword for 2022 Is Stability | W
Geopolitics & trade
Germany signals it could halt gas pipeline if Russia invades Ukraine | R
Chinese Investment in U.S. Plane Maker Draws FBI, National-Security Reviews | W
Industries & companies
Airlines: Foreign airlines cancel some U.S. flights despite 5G deal | C
Airlines: AT&T delays 5G rollout near some airports after airlines warned of cancellations | C
Fitness: Peloton hires McKinsey to review cost structure as equipment sales slow | C
Shipping: Supply Chain Crisis Helped Shipping Companies Reap $150 Billion in 2021 | B
Virus
Pfizer’s New Covid-19 Pill Works Against Omicron in Lab | W
China’s Zero-Covid Policies Cause a Traffic Jam in Vietnam as Farmers Suffer | W
Fuzzy Hamsters Are Hong Kong’s Newest Enemy in Its Covid-Zero Campaign | W
Climate
As coal use surges, America finds it’s hard to unplug from carbon | TheHill
Texas Power Grid Braces for Freeze That Imperils Fuel Supply | B
Exxon Pledges to Reduce Carbon Emissions From Operations to ‘Net Zero’ | W
BlackRock CEO Larry Fink Infuriates Republicans and Climate Activists Alike | B
Corporate finance
Microsoft to gobble up Activision in $69 billion metaverse bet | R
Activision mulled outbidding Take-Two for Zynga before Microsoft deal | C
