July 16 (Saturday)
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
Stock Investors, After Brutal Stretch, Have Rarely Been This Pessimistic | W
World stocks rally, dollar dips as investors weigh spending data, inflation scares | R
Dow Closes Up More Than 650 Points on Retail Spending Data | W
Investors Pour Cash Into Higher-Yielding Fixed Annuities | W
The big default? The dozen countries in the danger zone | R
Chaos Is Becoming the Rational Base Case in Market Ruled by Fear | B
Central banks
Fed ‘Let Us Down Quite Badly’ and Still Unrealistic, Summers Says | B
US
U.S. Retail Sales Rose 1% in June | W
US Retail Sales June 2022: Value Rises 1%, Topping Forecasts in Broad Advance | B
[Diesel] is pushing up the price of almost everything you buy | NN
Black US Households Face Higher Inflation, Richmond Fed Says | B
The Housing Shortage Isn’t Just a Coastal Crisis Anymore | N
China
China’s Economic Comeback From Covid-19 Shutdowns Likely to Be Slow and Bumpy | W
China Is in Trouble, Even With Sliver of Growth | W
Europe
Mario Draghi Resignation Puts Italy’s Leadership in Flux | W
Europeans Are Working Even Less, and Not by Choice | W
Geopolitics & trade
Putin and Xi’s Bet on the Global South | W
Biden confronts Saudi crown prince over Khashoggi murder, expects action on energy | R
Ukraine strikes significantly reducing Russia’s offensive potential, Kyiv says | R
U.S. Navy ship again sails near disputed S. China Sea islands | R
Industries & companies
Autos: Volkswagen to Keep Factory Running in China’s Xinjiang Region | W
Retail: Amazon Has Been Slashing Private-Label Selection Amid Weak Sales | W
Retail: Amazon Hits Pause on Office Construction in Tennessee, Washington State as Workers Go Hybrid | W
Beyond markets
Most of U.S. Population Now in Areas With High Covid-19 Levels as BA.5 Subvariant Spreads | W
How Covid screwed up our antibiotics | Vox
