March 31 (Thursday)
Latest Morning Briefing Executive Summary: Financials, Defense & Fusion
Today, Jackie takes a timely look at prospects for the S&P 500 Investment Banking & Brokerage industry. If the buoyant reception investors gave to Jefferies’ challenged but better-than-expected Q1 results is a bellwether, the industry may be poised to reverse its sector-lagging streak. … Also: A look at how the fiscal 2023 defense budget may take shape as it winds its way through Congress. … And: Fusion holds immense promise for producing carbon-free energy—if scientists can clear a big hurdle. They’re making progress.
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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 28.
Markets
Dow, S&P close lower after 4 days of gains as Russia bombs Ukraine | R
U.S. bonds: Treasury yields fall as investors keep watch over bond spreads | C
Explainer: Why an inverted yield curve may not be all bad for U.S. banks | R
Big Stock Sales Are Supposed to Be Secret. The Numbers Indicate They Aren’t. | W
SEC Proposes New Disclosure Requirements for SPACs | W
Euro holds at one-month high, yen set for worst month since 2016 | R
Energy
Oil prices tumble more than $5 a barrel as Biden weighs massive reserves release | R
Biden administration weighs massive draw from emergency oil reserve – sources | R
Biden’s Global Quest for Oil Triggers Political Pushback | W
The LNG Export Boom Is Draining U.S. Natural-Gas Supplies and Lifting Prices | W
Central banks
Fed’s Esther George Backs Swift Move to Neutral Monetary Policy Setting | W
Investors believe the biggest threat to the markets now is a Fed misstep, CNBC survey shows | C
US
Job Openings Ease Slightly From Record Highs | W
It Isn’t Just Tom Brady—More People Are Coming Out of Retirement | W
Positive Drug Tests Among U.S. Workers Hit Two-Decade High | W
Biden’s plan to ‘tax the rich’ unlikely to stop with billionaires | TheHill
White House blasts Trump’s call for Putin to release info on Hunter Biden | R
China
China’s March factory activity likely shrank amid virus outbreaks – Reuters poll | R
Europe
Europe Woos Qatar for an Alternative to Russian Gas | W
Geopolitics & trade
U.S. sends 100 killer drones called Switchblades to Ukraine | C
Russia Plays Down Progress in Peace Talks, Intensifies Attacks in Eastern Ukraine | W
Sanctioned or not, Russians abroad find their money is ‘toxic’ | R
The U.S. Sanctions a Russian Oligarch—but Exempts His Companies | W
Virus
Despite High Covid-19 Case Counts, Asian Nations Learn to Live With the Virus | W
U.S. to end COVID-era order blocking migrants at Mexico border, sources say | R
Biden warns U.S. won’t have enough Covid vaccine shots without aid from Congress | C
Beyond markets
Hubble Space Telescope Spots Most Distant Star Ever Seen | W
