March 24 (Thursday)

Latest Morning Briefing Executive Summary: War & Peace
Horrific as it is, Russia’s war in Ukraine hasn’t stopped the US stock market from advancing; investors know that geopolitical crises can present buying opportunities. The war has had significant impacts on commodity prices, inflation expectations, and certain stock market sectors. … The Energy and Materials sectors are benefiting from analysts’ higher revenues and earnings sights, and so are companies generally. Faster inflation is boosting revenues expectations to record highs, and the fact that earnings are following suit suggests most companies are able to pass their higher costs on to customers. … Also: For auto makers and their suppliers, the war is escalating already extreme supply-chain challenges and upending the global playing field in multiple ways.
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YRI
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing.
Replay of Dr. Ed’s webinar on March 21.

Markets
Dow Falls More Than 400 Points, Oil Prices Jump | W
Standardizing ESG criteria will reduce confusion: S&P Global CEO | C
 
Central banks
The Odds Don’t Favor the Fed’s Soft Landing | W
Fed Interest-Rate Hike: Officials Take Aim at Inflation, Ready to Act With Vigor | B
The coming federal weaponization of banking | TheHill

Energy
Global Oil Demand Threatened by China’s Tight Covid Lockdowns | B
Gasoline Demand in U.S. Starts to Show Cracks at Unlikely Time | B
Russia’s Oil-and-Gas Industry Is Starting to Feel the Bite of Sanctions | W
Putin Wants Unfriendly Countries to Pay Rubles for Russian Gas | B
U.S.-Europe Energy Agreement Expected Friday, Biden Aide Says | B
Will War Make Europe’s Switch to Clean Energy Even Harder? | N
Germany’s leader says a boycott of Russian energy would imperil ‘hundreds of thousands of jobs.’ | N

China
China’s Divorce Rate Is Down, but So Are Marriages | N

Geopolitics & trade
Volodymyr Zelenskiy’s Virtual World Tour Proves a New Weapon in Russia War | B
Biden arrives in Europe for Ukraine war summits, NATO to bolster eastern flank | R
NATO to bolster troops in Bulgaria, Hungary, Romania and Slovakia | C
U.S. government formally accuses Russia of committing war crimes in Ukraine | C
Weapons for Ukraine’s Fight Against Russia Flow Through Small Polish Border Towns | W
NATO Estimates Steep Russian Losses in Ukraine as Biden Arrives in Europe | W
Biden arrives in Europe for Ukraine war summits, NATO to bolster eastern flank | R
Putin’s Bombers Could Devastate Ukraine But He’s Holding Back. Here’s Why | msn.com

Industries & companies
Airlines: U.S. airline CEOs urge Biden to lift COVID mask mandate -letter | R
Autos: High Gasoline Prices Have Consumers Thinking Electric | W
Retail: Walmart sues BJ’s Wholesale claiming theft of Sam’s Club self-checkout tech | C
Tech: Inside ASML, the company advanced chipmakers use for EUV lithography | C

Cybersecurity
Powell Flags Risks of New Digital Financial Products | W

Virus
Covid: Omicron BA.2 subvariant will soon dominate in U.S., but Fauci doesn’t see a surge | C
Moderna Seeks FDA Approval for 2 Covid Boosters, 4 Vaccines in Total | B
Opinion | The Next Covid Wave Is Probably Already on Its Way | N

Beyond markets
Why Global Supply Chains May Never Be the Same (Video documentary) | W
Toronto’s Tech Industry Is Quietly Booming | N
Mark Zuckerberg and Meta’s Leadership Take Remote Work to the Extreme | W