October 11 (Tuesday)

Latest Morning Briefing Executive Summary: More Inflation (News) Is Coming
The financial markets have been laser focused on inflation news this year, and are bracing for the next couple of days’ releases. Thursday’s CPI report for September is bound to move the markets, and tomorrow should bring a sneak peek of what it holds in store via the PPI release, specifically its personal consumption expenditures index. … Today, we examine the inflation information available to date in preparation for the big releases. … Notably, global supply-chain pressures eased in September, and the prices-paid indexes in both manufacturing and nonmanufacturing PMIs are way down from their peaks.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on October 10.

Markets
Nasdaq registers lowest close since July 2020; chips stocks fall | R
German bond yields jump after Scholz reported to support joint EU debt | R

Central banks
Two Fed Officials Make Case for Caution With Future Interest Rate Raises | W
Fed’s Evans says fighting inflation is the top priority even if that means job losses | C
Ark’s Cathie Wood issues open letter to the Fed, saying it is risking an economic ‘bust’ | C
Why Is the Fed Always Late to the Party? | The Big Picture
Bank of England Offers More Support for Pension Funds Amid Crisis | W

Global
World’s Emergency-Lending Capacity Is Getting Stretched as Crises Deepen | W

US
Price Increases Come Easily for Big Businesses, but Inflation Still Squeezes Profits | W
JPMorgan CEO Dimon warns of recession in 6 to 9 months – CNBC | R
Paul Tudor Jones believes we are in or near a recession and history shows stocks have more to fall | C
Fix the housing market by widening the pathway to work | Washington Examiner

Europe
Column: Pension fund jam may jolt private credit boom | R

Geopolitics & trade
Sweden won’t share Nord Stream investigation findings with Russia – PM | R
Russia Unleashes Its Biggest Barrage of Strikes on Ukraine Since Invasion | W

Industries & companies
Autos: GM, Ford shares tumble after UBS downgrades cite weakening demand | C
Retail: Retailers Kick Off Black Friday in October Again, This Time With Too Much Stuff | W
Tech: PC shipments fall for HP, Lenovo and Dell but Apple shipments rise in Q3 | C

Corporate finance
Bio-Rad Laboratories in Talks to Combine With Qiagen | W

Climate
Earthquake rattles Taiwan, but epicentre out at sea | R

Beyond markets
Why China was quiet quitting well before the rest of the world caught on | C