September 08 (Thursday)
Latest Morning Briefing Executive Summary: Bad Times In Europe & China
European governments aren’t about to leave their people out in the cold after Russia suspended its gas deliveries to Germany indefinitely. Jackie examines plans they’ve pulled together to keep people warm, businesses open, and utilities financially viable. … Also: China has been fighting to vanquish Covid via strict lockdowns whenever and wherever the slippery foe appears. The government’s failure to rid the country of Covid is one problem leaders will want to keep swept under the rug when the Chinese Communist Party meets in mid-October. Another is a UN report shining a spotlight on China’s outrageous human rights abuses perpetrated against Uyghurs.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on September 6.
Markets
Dow closes more than 400 points higher, Nasdaq snaps 7-day slump as Wall Street shakes off rate hike concerns | C
Stocks Shrug Off Growth Concerns, Rise in Broad-Based Reversal | W
Stocks Set for Reprieve After Drop in Oil, Yields: Markets Wrap | B
Wall Street reaches four-week highs as bond yields drop | R
Central banks
Fed on Path for Another 0.75-Point Interest-Rate Lift After Powell’s Inflation Pledge | W
U.S. firms see tentative progress on inflation and labor supply, Fed says | R
Fed Vice Chair Brainard vows ‘we are in this for as long as it takes’ to stop inflation | C
New Fed banking chief targeting crypto and climate change as top priorities | C
Fed’s Top Banking Regulator Signals Tougher Merger Reviews, ‘Living Wills’ | W
US
Quiet Quitters Make Up Half the U.S. Workforce, Gallup Says | W
The Case for a Soft Landing: How High Inflation Could End Without Recession | W
It’s a Housing Slump, Not a Crisis | B
Gas Prices Can Rev Up Spending Again | W
China
Exports, the Engine of China’s Slowing Economy, Are Sputtering | W
How China Has Added to Its Influence Over the iPhone | N
China Puts Cement Shoes on Metals: Elements by David Fickling | B
Europe
Fast EU Deal on Fiscal Rules Would Cheer Markets, Gentiloni Says | B
Geopolitics & trade
EU plans to cap Russian gas price as Putin warns West of winter freeze | R
The chips are down: Putin scrambles for high-tech parts as his arsenal goes up in smoke | PO
Russia Destroyed Mariupol. Now It’s Using It for Propaganda. | W
Technology
The Supply Chain Broke. Robots Are Supposed to Help Fix It. | N
Corporate finance
China Evergrande’s Stake in Regional Bank Sold for $1.05 Billion | W
Crypto
‘Blockchain is bunk’: Crypto critics find their voice
El Salvador’s Bitcoin Experiment a Failure | National Review
Climate
California Gov. Newsom says prolonged extreme heat is a wake-up call on climate change | C
EXCLUSIVE: Former Greenpeace Founder Patrick Moore Says Climate Change Based on False Narratives
The energy historian who says rapid decarbonization is a fantasy | LA Times
