July 15 (Friday)
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.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on July 11.
Markets
Dow falls 100 points as Wall Street weighs more aggressive Fed, disappointing bank earnings | C
Bond Market Is Flashing a Recession Warning–Again | Morningstar
Euro Slips Below Dollar as Europe’s Economic Fortunes Slump | W
How to Invest During Inflation | N
Central banks
Central banks rapidly shift gears in bid to stem inflation tidal wave | R
All Crisis Scenarios Lead to Rome as ECB Starts Raising Interest Rates | B
Inflation jumped again in June. How bad is it and what will the Fed do next? | Vox
Fed’s James Bullard Favors 75 Basis-Point Rate Hike in July, Nikkei Reports | B
Fed Governor Waller expects 0.75 percentage point hike, but open to a larger one | C
Powell, Clarida cleared of wrongdoing in Fed trading controversy | C
Jamie Dimon rips Fed stress test as ‘terrible way to run’ financial system | C
US
JPMorgan CEO Dimon sums up U.S. economy in one paragraph — and it sounds bad | C
Producer Price Gains Accelerated in June | W
Biden Calls Inflation Numbers ‘Out of Date.’ Americans Disagree | B
Economists are predicting a recession but companies are still hiring | Vox
People Have Money but Feel Glum—What Does That Mean for Economy? | W
Will Home Prices Fall? Listings Rise for the First Time in Three Years | B
Mortgage Rates Rise Again After Recording Sharp Drop | W
How inflation can hurt and help consumers, according to economists | C
Europe
Italian Prime Minister Mario Draghi Says He Will Resign | W
‘No, Mario’, Italian president urges PM Draghi not to quit | R
Europe’s Heat Wave Is Pushing Energy Prices Up and Clean Energy Out | B
German Economy Is ‘Moving Into Recession,’ Deutsche Bank Says | B
China
China Set to Post the Slowest Growth in Two Years on Zero-Covid Policy | W
China Property Market Shudders as Buyers Threaten to Stop Mortgage Payments | W
Industries & companies
Airlines: Airlines’ Challenge Is Cutting Costs, Not Filling Seats | N
Autos: GM and Pilot Plan National Electric-Vehicle Charging Network | W
Financials: Bank of America fined $225 million over unemployment benefits program | C
Beyond markets
Baby-Formula Shortage Deepens, Defying Replenishment Efforts | W
