July 14 (Thursday)

Latest Morning Briefing Executive Summary: Europe Sans Gaz (ESG)
Russia’s not above weaponizing its natural gas supplies to European nations; it has already frozen out Denmark, Poland, Bulgaria, and Finland in retaliation for decisions Putin didn’t like. So does Russia’s recent close-down of Nord Stream 1 for “repairs” mean that the pipeline critical to heating Germany this winter won’t be reopening? Jackie looks at the potential for an energy crisis in Europe and how various nations might fare. … Also: China faces mountainous economic challenges of its own. … And: With electric vehicle prevalence forecast to skyrocket this decade, an important new industry is born—lithium battery recycling.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on July 11.

Markets
Stocks Decline as Inflation Accelerates | W
Municipal-Bond Issuers Fall Behind on Disclosures | W

Central banks
Inflation May Have Peaked, but the Fed Won’t Back Off | W
Hot inflation fuels bets on supersized Fed rate hike | R
 
Currency & commodities
Global Oil-Supply Crisis Shows Signs of Easing, IEA Says | W
Germany’s confounding climate move to opt for coal over nuclear power | Vox
Analysis: Euro is at parity; its fate is now with energy markets | R
Euro Hits Parity With U.S. Dollar for First Time in 20 Years | N
Yellen Pitches Russian-Oil Price Cap to Chinese Counterpart | W

US
Inflation rose 9.1% in June, even more than expected, as consumer pressures intensify | C
Inflation Soared in June, Pinching Consumers and Challenging Policymakers | N
U.S. Inflation Hits New Four-Decade High of 9.1% | W
The Inflation Tax on Workers | W
Gas Prices, a Big Inflation Factor, Are Coming Down Sharply | N
U.S. Economy Slows in Several Parts of the Country, Fed’s Beige Book Says | W
Beware Wishful Thinking About Inflation and Recession | W

Industries & companies
Autos: Americans are paying record-high prices for new vehicles | C
Financials: Bank Earnings Will Give Clues About Whether a Recession Is Looming | W
Media: Netflix partners with Microsoft on ad-supported subscription plan | C
Retail: Inflation: Clothes are expensive even as retailers try to clear inventory | C

Geopolitics & trade
Breakthrough at Ukraine grain export talks as heavy shelling continues | R
U.S. successfully tests pair of Lockheed hypersonic missiles | R

Beyond markets
Is the World Really Falling Apart, or Does It Just Feel That Way? | N