August 09 (Tuesday)
Latest Morning Briefing Executive Summary: Around The World
Zooming out to assess big-picture data for major global economies, we conclude that Germany and China look most vulnerable to a recession next year. The US wouldn’t be immune to a global recession, but certain factors help insulate it. These include heavy capital inflows resulting from foreign investors’—correct—perception that US financial markets offer the safest harbor there is. Overweighting the US in global portfolios remains prudent. … Also: Germany’s economy faces duress this winter as heating the country becomes a challenge, and China’s economy is suffering at the hands of homegrown problems related to housing, lockdowns, and demographics.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on August 8.
Markets
S&P 500 and Nasdaq slip to start the week as Nvidia warning puts brakes on market rally | C
Wall Street muted on mixed inflation messages | R
U.S. Lawmakers Look to Digital Dollar to Compete With China | W
Central banks
Consumers expect inflation to slow down, a big win for the Fed | C
Energy
What Germans Know About Nuclear Power | W
US
Economist: Inflation Reduction Act won’t curb inflation short-term | C
The Houdinis of Carried Interest | W
What carried interest is, and how it benefits high-income taxpayers | C
The Inflation Reduction Act would double IRS agents and audits — but superrich aren’t real targets | P
Reconciliation bill includes nearly $80 billion for IRS funding | C
Opinion | Bill Gates: A Clean Energy Future is in the Hands of Congress | N
Hiring Gets Easier for Some Employers Despite Hot Job Market | W
The inflation problem nobody is talking about | Washington Examiner
Geopolitics & trade
Biden ‘concerned’ as China extends military drills around Taiwan | R
Apple tells suppliers to use ‘Taiwan, China’ or ‘Chinese Taipei’ to appease Beijing
Opinion | Chinese Ambassador Qin Gang: Pelosi’s Taiwan visit was irresponsible | WP
Attacks at Ukraine Nuclear Plant Are Suicidal, U.N. Chief Warns | W
What’s the plan to counter Russia’s energy squeeze? | The Hill
Industries & companies
Aerospace: Boeing Dreamliner deliveries to resume in the ‘coming days,’ FAA says | C
Consumer: Tyson Foods Says Consumers Shifting Away From Higher-Priced Beef | W
Technology
Baidu Secures China’s First Ever Permits for Commercial Fully Driverless Robotaxi Services
100 Vehicles Catch fire in Delhi’s Electric Vehicle Charging Station – India
Hundreds of new mines required to meet 2030 battery metals demand | IEA report
Corporate finance
Flush with cash, Pfizer buys Global Blood Therapeutics in $5.4 bln deal | R
Beyond markets
Central Planning Fails Just As Much When Conservatives Are the Planners | FO
