August 06 (Saturday)
Latest Morning Briefing Executive Summary: Emerging Markets, Oil Refiners & Nuclear Power Plants
Today, Jackie takes us on a quick world tour focusing on emerging economies. Many are ailing, but a few offer a safe haven from geopolitical storms. So does the US with its strong dollar, huge economy, and relatively calm body politic. … Also: Oil refiners had a stellar Q2 operating at near maximum capacity to meet surging demand. The industry is on track for another year of eye-popping revenues and earnings growth. … And in the disruptive technologies department, we highlight the potential of SMRs—small modular (nuclear) reactors.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on August 1.
Markets
S&P 500, Nasdaq fall Friday, but notch weekly gains after blowout July jobs report | C
YOLO Stock Market Bulls Say Wake Me When Fed Tightening Starts to Bite | B
U.S. Treasury yields: nonfarm payrolls, unemployment, Fed, recession | C
Central banks
Larry Summers Warns Fed on 1970s-Style Mistake With CPI Set to Slow | B
US I
The U.S. economy has yet to face its biggest recession challenge | C
July Jobs Report: U.S. Added 528,000 New Jobs as Unemployment Rate Fell to 3.5% | W
Here’s where the jobs are for July 2022 — in one chart | C
Workers in these two industries are the only ones coming out ahead right now | NN
US Consumer Borrowing Jumps by More Than $40 Billion, Second-Most Ever | B
US II
Yes, It’s a Strong Jobs Report, but July Probably Overstates the Case | Morningstar
Jobs Report Bolsters Biden’s Message, but Inflation Makes Economy a Hard Sell | W
Democrats Trade One Bad Tax Increase for Another | W
Lower Gas Prices Threatened by Fuel Makers’ Limitations | W
Geopolitics & trade
China Steps Up Military, Diplomatic Warnings Over Taiwan | W
China halts military, climate dialogue with U.S. over Pelosi Taiwan trip | R
Industries & companies
Autos: U.S. automakers say 70% of EV models would not qualify for tax credit under Senate bill | R
Retail: The Hot New Trend for Gucci and Chanel: Middle America | W
Corporate finance
Amazon to acquire iRobot, maker of Roomba vacuums | C
Pfizer in Advanced Talks to Buy Global Blood Therapeutics for About $5 Billion | W
Beyond markets
Health Authorities Issue New Advice for Avoiding Monkeypox | W
DeepMind’s AlphaFold could be the future of science and AI | Vox
