September 10 (Saturday)
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 300 points higher; stocks snap 3-week Fed-induced slide | C
Forced Buying Puts a Price Floor Under Stocks Nobody Else Wants to Own | B
Credit
Municipal Bonds Suddenly Look Cheap. Some Are Tax Traps. | W
Buy US High-Yield Debt as Inflation Hedge, Nuveen’s Malik Says | B
Energy
European Governments Back Broad Intervention in Energy Markets | W
Russian oil price cap: G-7 tries to recruit countries | C
How a CEO Rescued a Big Bet on Big Oil; ‘There Were a Lot of Doubters’ | W
Central banks
Fed Officials Back Another Large Rate Increase | W
Fed’s Waller: need aggressive rate hikes now while economy can take it | R
How the Fed Screwed Up the Housing Market
US
Confused about the housing market? Here’s what’s happening | C
US Household Net Worth Falls Most on Record on Slump in Stocks | B
New Tax on Stock Buybacks Would Have Raised Over $8 Billion in 2021, Study Says | W
UK
Prince Charles became king after Queen Elizabeth II’s death. How will he rule the UK? | Vox
Queen Elizabeth’s death comes as a new economic era for UK begins | C
Geopolitics & trade
U.S. working with U.N. on Russia food, fertilizer export complaints | R
Ukraine’s Rapid Advance in East Puts Russian Forces on Defensive | W
France, Germany and Other EU Countries Pledge to Advance Minimum Tax | W
White House Weighs Order to Screen U.S. Investment in Tech in China, Other Countries | W
Industries & companies
Airlines: Democrats want probe of airline Covid bailouts over staff buyouts | C
Media: Summer Movie Season Fizzles Out, With Few Blockbusters to Count On This Fall | W
Climate
California Wildfires Force Evacuations, While Fire Threat in Oregon Causes Power Shutdowns | W
Beyond markets
New York declares polio state of emergency to boost vaccination rates | C
