November 01 (Tuesday)
Latest Morning Briefing Executive Summary: Back To The Old Normal?
The unconventional ultra-easy monetary policy that reigned from the Great Financial Crisis to the Great Virus Crisis—a.k.a. the “New Normal”—aimed to stimulate the economy and shore up inflation. Now the “Old Normal” is back, characterized by more conventional tight monetary policy aimed at taming inflation, even if that kickstarts a recession. … But this post-pandemic business cycle isn’t following the usual Old Normal script—instead featuring an oddly quick snapback of GDP growth and oddly vigorous comeback of inflation. … Today, we look at what’s been happening in various segments of the economy this year and forecast what’s in store for 2023.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on October 31.
Markets
European stocks hit six-week high on hopes for rate hike slowdown | R
Dollar drops as optimism spreads before Fed and BoE decisions | R
Energy
Biden Calls for Penalties on Oil-and-Gas Companies’ ‘Windfall’ Profits | W
Joe Biden threatens higher taxes on oil companies amid high gas prices | C
Energy crisis: Next winter will be worse than this one, oil CEOs warn | C
Global
Factory output weakens on widespread slowdown, China COVID curbs | R
Central banks
Fed Meeting to Focus on Interest Rates’ Coming Path | W
The Federal Reserve Has a Secret Weapon to Fight Inflation | B
US
Report on Worker Demand to Indicate if Labor Market Cooled Further | W
The Accountant Shortage Threatens Capitalism’s Future | B
Immigration and Education Are Key to Fixing the US Supply Chain | B
34% Of Millennials Report Being Behind On Their Retirement Savings | C
Meet the 6 Latina GOP Candidates That Are Driving Democrats Nuts | townhall.com
Bigger Affordable Care Act Subsidies Likely to Boost Enrollment | W
Europe
Eurozone Inflation Rate Rises to 10.7% as Recession Looms | W
China
Chinese Property Bonds Set Record Lows as Investors Lose Faith | W
Fearing COVID, workers flee from Foxconn’s vast Chinese iPhone plant | R
Apple iPhone maker Foxconn says no Covid deaths at China plant | C
China Docks Final Module to Space Station | W
Emerging
Brazilian President Remains Silent a Day After Losing Election | W
Geopolitics & trade
Biden Is All-In on Taking Out China, Whatever the Consequences | foreignpolicy.com
China’s Xi greets Vietnamese ally with ceremony, call for defiance
Ukraine Races to Restore Electricity, Water Supplies After Russian Strikes | W
North Korea demands the U.S., South Korea halt joint military drills | R
Industries & companies
Airlines: Delta pilots vote in favor of potential strike as contract talks drag on | C
Autos: Chip Shortages Still Plague Toyota, Some Other Auto Makers | W
Pharma: Pfizer RSV vaccine given to pregnant moms protects newborns, company data shows | C
Corporate finance
J&J to buy heart pump maker Abiomed in $16.6 billion deal | C
Beyond markets
LinkedIn Survey Finds Work-From-Home Trend May Have Peaked | B
