August 25 (Thursday)
Latest Morning Briefing Executive Summary: Industrials, Russia & Robots
A heat wave and drought are prompting China to close some industrial plants in hard hit regions to preserve electricity for air conditioning. In Europe, some industrial plant owners are closing shop because surging electricity prices are battering the bottom line. Look for supply chain problems to ensue. The Eurozone’s August PMI took a hit. … A study out of Yale University contends Western sanctions are taking a large toll on Russia’s economy. We take a look. … North American companies bought more robots in Q1 than ever before. Here are some new ways robots are making companies more efficient today and a peek at what scientists are working on for the future. Pizza anyone?
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on August 22.
Markets
Invesco Sees ‘Rude Awakening’ With Oil, Food Set to Spike Soon | B
Dollar eases from near two-decade peak as Jackson Hole looms | R
Column: Dollar’s historic surge may be music to Fed’s ears: McGeever | R
Oil prices rise on possible OPEC supply cuts | R
Central banks
Jackson Hole: Lockstep Markets Primed for All-or-Nothing Sweepstakes on Powell | B
Jerome Powell’s Dilemma: What if the Drivers of Inflation Are Here to Stay? | W
Morgan Stanley’s Wilson and JPMorgan’s Michele Warn About QT | B
US
Biden’s Student Loan Forgiveness Plan to Cancel Up to $20,000 in Debt for Millions | W
Will Biden’s Student Loan Relief Add to Inflation? Here’s What Economists Say | B
The Surprise in a Faltering Economy: Laid-Off Workers Quickly Find Jobs | W
‘Ghost gun’ regulations go into effect after judges reject challenges | C
China
China Rolls Out Aid to Help Power Firms and Save Rice Harvest | W
U.S. Entertainment Industry Hits Wall in China | W
Europe
Italy Elections: Mario Draghi Warns Next Leader Not to Play With Protectionism | B
Industries & companies
Wireless: Phone Companies Want to Be Your Home-Internet Provider—and Vice Versa | W
Climate
Inflation Reduction Act’s Real Climate Impact Is a Decade Away | W
Arizona Needs to Cut 300,000 Olympic Pools’ Worth of Water. Here Is Who Will Be Hit the Hardest. | W
