October 20 (Thursday)

Latest Morning Briefing Executive Summary: On China, Banks & Solar
China’s economy is ailing, but you wouldn’t know it to hear President Xi’s speech before the Chinese Communist Party’s annual National Congress. Jackie puts into perspective the points he made and, more importantly, the ones he omitted. … Also: Big banks’ Q3 earnings reports showcase their resilience so far in the current higher interest-rate environment but leveraged loans could be a problem area in the future if companies have trouble making higher interest payments. … And: A look at solar energy’s sunny future: With new technologies making panels lighter and more versatile, the sky’s the limit to their potential applications.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on October 17.

Markets
Japanese yen hits 150 against the U.S. dollar | C

Central banks
BOJ conducts emergency bond buying to underpin debt market, but yields keep rising | R
Japan ramps up intervention threats after yen slides past key 150 level | R

Energy
Factbox: Europe’s alternatives if Russia shuts off gas supply | R
America’s new nuclear power industry has a Russian problem | R
Biden says oil companies should prioritize lowering prices over stock buybacks | C

US
GOP holds big leads on key economic issues ahead of the November elections, CNBC survey shows | C

China
China’s Surveillance State Pushes Deeper Into Citizens’ Lives | W

Europe
UK PM Liz Truss locked in Downing Street talks as political crisis escalates | C

Geopolitics & trade
Ukrainians Urged to Ration Electricity as Russian Missiles Target Energy Infrastructure | W
U.S., Europe Struggle to Keep Iran’s Drones From Russian Military | W

Industries & companies
Autos: Biden administration awards $2.8 billion in grants for electric vehicle battery manufacturing | C
Autos: Elon Musk says Tesla is ‘pedal to the metal’ even in recession | C
Pharma: Drugmakers Look to Limit Medicare’s New Power to Negotiate Lower Drug Prices | W

Beyond markets
Trump’s company faces criminal tax trial as his legal woes mount | R
Toxic Workplaces Are Bad for Mental and Physical Health, Surgeon General Says | W