May 27 (Friday)
Latest Morning Briefing Executive Summary: Energy, Retailing & Hydrogen
Spending on stuff was so yesterday. Long-cooped-up consumers now want to spend on experiences and have fun! Not even stratospheric gasoline pump prices will keep them home this holiday weekend. Today, Jackie examines the factors driving energy prices skyward. … Also, some retailers’ Q1 earnings reports revealed a have/have-not dichotomy in the consumer discretionary space. Specifically, high-end Nordstrom made out far better last quarter than did retailers to the masses. … And: An update on the expanding use of hydrogen to fuel trucks, trains, and even factories.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on May 23.
Markets
U.S., world stocks toast earnings, U.S. rate outlook | R
Gas Prices Are Surging, Demand Is Slipping Ahead of Memorial Day Weekend | W
Little-Known Commodity Traders Help Russia Sell Oil | W
Central banks
Digital Dollar Could Coexist With Stablecoins, Fed Vice Chairwoman Says | W
US
Home listings suddenly spike as sellers worry they’ll miss out on red hot market | C
China
China’s Xi urges infrastructure spending as Covid lockdowns hit | NN
No work and nowhere to live: a rural migrant’s ordeal in locked-down Shanghai | R
China Excels in Google Rankings on Xinjiang and Covid-19 Searches | W
Industries & companies
Airlines: Expect more flight delays this summer — thank the government-driven pilot shortage | P
Consumer Discretionary: First Look: Amazon’s first-ever physical clothing store opens | Chain Store Age
Retail: U.S. retailer earnings show chasm among shoppers as inflation surges | R
Retail: American Shoppers Boost Retailers With Spending on Work Clothes, Discount Staples | W
Geopolitics & trade
Russian proxies claim control of key town in east Ukraine | R
Europe lambasted for failing to deter Putin’s war | C
How the U.S. and South Korea Predict a North Korean Weapons Test | W
India needs to fill China gaps to become the “pharmacy of the world” | C
Corporate finance
EXCLUSIVE Evergrande discussing staggered payments, debt-to-equity swaps for $19 bln offshore bonds-sources | R
Virus
Why Covid Pandemic’s Daily Case Count Comes Up Short in the U.S. | W
Opinion | It’s Still Covid’s World. We’re Just Living In It. | N
Technology
Airbus sets up UK facility to focus on hydrogen tech for aircraft | C
Beyond markets
In home of world’s biggest nuclear plant, a vote may shape Japan’s atomic future | R
National Baby-Formula Stockpile Is Urged by FDA Commissioner | W
How to protect yourself against monkeypox, what to do if you catch it | C
