August  27 (Saturday)

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?
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on August 22.

Markets
Dow Falls More Than 1,000 Points After Powell Speech | W
Wall Street ends in a hole after Powell’s Wyoming speech | R
Stock Bulls’ Swagger Gets Deflated as Powell Delivers a Warning | B
Bond Yields Inch Higher After Powell Says Fed Will Hold the Line on Inflation | W
U.S. bonds: U.S. Treasury yields are higher after Powell speech | C

Global
World Economy Needs Policy Reset to Revitalize Growth, BIS Says | B

Central banks I
Powell warns of ‘some pain’ ahead as Fed fights to lower inflation | C
Powell Says Fed Must Show Resolve in Fighting Inflation | W
Powell’s New Guidance: Higher Rates for Longer to Beat US Inflation | B
Powell’s Jackson Hole Speech Erases $78 Billion From Richest Americans’ Fortunes | B
Fed Officials Welcome July Inflation Data, But Not Ready to Say Prices Have Peaked | W
Column: A crisis too far? Central bank safety net compromised :Mike Dolan | R
 
Central banks II
ECB Lacking Consensus for Jumbo Rate Hike Some Officials Want | B
Some ECB Officials Want Quantitative-Tightening Talks in 2022 | B
ECB’s Knot Says Up to Three-Quarter-Point Hike Needed Next Month | B
Can Central Banks Maintain Their Autonomy? | W

US
U.S. Consumer Spending Inched Forward in July, With Inflation Historically High | W
Inflation Eased in July, According to the Fed’s Preferred Measure | W
Brookings: Long Covid keeps millions of Americans out of workforce | C
Biden Describes Trump’s Governing Philosophy as ‘Like Semi-Fascism’ | W
New York Fuel Supply Is So Low It Triggered White House Warning | B

China
China’s Scorching Heat and Hydropower Missteps Test Nation’s Power Grid | W

Industries & companies
Consumer: There’s a Carbon Dioxide Shortage, and Food and Drink Makers are Scrambling | W
Energy: EXCLUSIVE Exxon to sell Arkansas shale gas assets to Flywheel Energy | R
Pharma: Moderna Sues Pfizer and BioNTech, Alleging mRNA Patent Infringement | W
 
Geopolitics & trade
U.S. and China Reach Agreement on Chinese Company Audits | W
Zelenskiy says danger remains after nuclear plant resumes power supply | R
U.N. Set to Inspect Ukraine Nuclear Plant Early Next Week | W

Beyond markets
Monkeypox: CDC cautiously optimistic outbreak might be slowing | C