October 27 (Thursday)
Latest Morning Briefing Executive Summary: China and Semiconductors
Today, our focus is the semiconductor and semiconductor equipment manufacturing industries, both down on their luck these days. The US Commerce Department has barred the door to one of their major markets, China. Yet the CEOs have been curiously acquiescent. … Jackie examines the administration’s possible motivations and the impacts on specific players in the space. … This bad news couldn’t have hit at a worse time: The semiconductor cycle may be heading south. Earnings estimates have been getting slashed and stocks battered.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on October 24.
Markets
Big Tech tumbles as results set off alarm bells | R
Central banks
Powell again faces political pressure as worries mount over economy | C
Energy & climate
Europe, Once Fearing Gas Rationing This Winter, Has a Glut | W
Column: Europe’s gas inventories, the risk from complacency | R
Biden Team Reworks Plan for Russia Oil-Price Cap as Markets Sour | B
Column: China still added to crude oil inventories despite refining, fuel export surge | R
Hydropower Production Falls as Dams From China to US Hit by Sweeping Drought | B
US I
New-Home Sales Fell Nearly 11% in September Amid Rising Interest Rates | W
U.S. mortgage interest rates jump to 7.16%, highest since 2001 | R
Zillow (Z) Lays Off 300 Employees as US Housing Market Slows | B
US II
Ahead of Midterms, How Bad Is the Economy, Really? | W
Biden has ambitious infrastructure goals. Made-in-America rules could slow them. | Vox
Unmitigated gall of Joe Biden claiming that he ‘lowered’ debt | P
Europe
Germany to legalize cannabis use for recreational purposes | R
Germany, France Divided Over Energy Crisis and China | W
China
Xi Jinping’s Vow of World Dominance by 2049 Sends Chill Through Markets | B
Geopolitics & trade
China Wants to ‘Speed Up’ Its Seizure of Taiwan, US’s Blinken Says | B
Opinion | Biden Just Clobbered China’s Chip Industry | N
Ukrainians hold out in east, prepare battle for Kherson | R
Industries & companies
Autos: Exclusive: Tesla faces U.S. criminal probe over self-driving claims | R
Autos: Ford to Take $2.7 Billion Charge on Argo Driverless Startup Stake | W
Media: Disney CEO Bob Chapek Wants to Customize Fan Experiences | W
Tech: Microsoft’s Struggles Enter the Metaverse | W
Corporate finance
U.S. SEC adopts executive compensation clawback rules | R
Accounting Errors to Cost Executives Their Bonuses Under SEC Rule | W
Beyond markets
U.S. Army struggles to find recruits its needs to win fight of future | C
A Possible Covid, Flu and RSV ‘Tripledemic’ Has Doctors Worried. What to Know | W
Brands have fled Kanye. What about his music career? | NN
