June 09 (Thursday)
Latest Morning Briefing Executive Summary: Energy & Consumers
President Biden says he wants to bring down gas and other energy prices. But his actions on the margin have been ineffectual so far. We doubt he’ll solve the problem without unshackling the US oil and gas industry’s production. Environmentalists wouldn’t be happy, but American citizens likely would. … And: We’re starting to notice industry analysts trimming earnings estimates for companies in the S&P 500 Consumer Discretionary sector. We examine which industries have seen estimates drop the most. … Also: A look at some innovative new products for these high-energy-cost times.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on June 6.
Markets
Stocks Slip Amid Worries of an Economic Slowdown | W
Tech’s Decade of Stock-Market Dominance Ends, For Now | W
Chinese Internet Stocks Hit Three-Month High | W
Yen Hits 20-Year Low, Fueling Price Rises and Apology | W
Central banks
Powell’s Opinions on Inflation Matter, Not Biden’s | W
Energy & Climate
Freeport LNG plant to shut for 3 weeks, roiling global energy markets | R
EXCLUSIVE Venezuela demands prepayment on spot oil sales after buyer defaults -sources | R
Fertilizer Price Surge Drives Brazil to High-Tech Alternatives | W
US
Mortgage demand falls to the lowest level in 22 years | C
White House Struggles to Talk About Inflation, the ‘Problem From Hell’ | N
U.S. Considering Reducing Tariffs on China to Ease Inflation, Yellen Says | W
America needs to go back to work — in person | P
Europe
Stagflation and Recession Warnings Plague U.K. Businesses | N
Emerging
Russia’s economic slump will wipe out 15 years of gains – IIF | R
Industries & companies
Energy: Exxon’s Stock Hits First Record High in Eight Years | W
Health Care: Hospitals Face Penalties for First Time for Failing to Make Prices Public | W
Pharma: Startup Cerebral Soared on Easy Adderall Prescriptions. That Was Its Undoing. | W
Retail: Target CEO Says Unloading Excess Inventory Is a Necessary Pain | W
Crypto
How ‘Trustless’ Is Bitcoin, Really? | N
Technology
Israeli Tech Firm Rolls Out Tracking Devices the Size of Postage Stamps | W
