April 28 (Thursday)

Latest Morning Briefing Executive Summary: China, Tech & Electricity
With nearly a quarter of China’s people locked in their homes by strict Covid policies, China’s economy is suffering, its policymakers are reacting, and ripple effects are spreading throughout the globe. Today, we examine some of these effects on US companies with business ties to China and on financial markets. … Also: Investors have sent tech stocks to the doghouse, their collective performance down nearly 20% ytd, and the MegaCap-8 hasn’t been spared. Indeed, Netflix and Meta are down 67% and 46% ytd. … And a look at virtual power plants, making electricity demand as adjustable as solar/wind supply is intermittent.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on April 25.

Markets
Stocks Close Higher After Tech-Led Selloff | W
Nasdaq futures rise as market attempts comeback from April sell-off, Meta shares soar | C
U.S., European shares advance as euro dives to lowest since 2017 | R

Energy
Russia halts gas supplies to Poland and Bulgaria | R
Russian Supply Concerns Drive Natural-Gas Prices Higher | W
Russian Gas Stoppages Spur Europe’s Race for New Energy Supplies | W
Can Japan Keep the Lights On? The Ukraine War Upends a Big Energy Bet. | N
Oil edges lower as mass COVID testing begins in China | R

US
Hot Job Market, an Economic Relief, Is a Wall Street Worry | N
Administration signals student loan forgiveness decision may come soon | C

Geopolitics & trade
Russia’s New Economic Data Is Inconsistent on Impact of War and Sanctions | W

Industries & companies
Aerospace: Boeing Looked for Flaws in Its Dreamliner and Couldn’t Stop Finding Them | W
Aerospace: Boeing shares plunge on array of charges, 737 MAX target in doubt | R

Corporate finance
Investors fret over potential Musk U-turn in $44 billion Twitter buyout | R
Elon Musk wins shareholder lawsuit over Tesla-SolarCity deal | C