November 03 (Thursday)
Latest Morning Briefing Executive Summary: On Powell, China, Consumers & AI
Fed Chair Powell’s hawkish press conference yesterday deflated the stock market, but we think the S&P 500 bottomed on October 12 and see a few potentially uplifting developments to come. … Also: What might it take for the China MSCI to start performing better? Jackie considers this question and examines two big issues holding it back. … And: The shift in consumer purchasing patterns from stuff to services was apparent in the Q3 earnings of companies affected both positively and negatively. … Finally, today’s Disruptive Technologies piece showcases the rapidly advancing technology of AI.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on October 31.
Markets
Stocks Fall After Fed’s Interest-Rate Decision | W
Strategists See EM Asia Getting Sold as Dollar Back on Ascent | B
Big Shorts Are Quickly Turning Dangerous in China’s Wild Market | B
China Says It’s Sticking to Covid Zero, But That Hasn’t Stopped Stock Frenzy | B
Central banks
Fed Statement Tracker | W
Federal Reserve Approves Fourth 0.75-Point Rate Rise, Hints at Smaller Hikes | W
Fed’s Powell: ‘Ultimate level’ of rates likely higher than earlier estimates | R
Fed rate hikes could go even further than expected as Powell commits to stomp out inflation | C
Fed’s Powell: ‘Soft landing’ chances have narrowed | R
Jerome Powell’s Not for Turning—Yet | W
To Solve Inflation, First Solve Deficits, This Theory Advises | W
Energy
Nord Stream 1 operator says it found craters at damaged pipeline site | R
CEOs fixing Biden’s Saudi oil mess because he won’t | P
US
There Is a Painless Way to Fix Inflation | Time
Biden blames extreme MAGA Republicans for intimidating voters and election officials, calling it ‘corrosive’ to democracy | C
China
Who Is China’s New No. 2? A Business Pragmatist or a Party Loyalist? | W
China Tells Officials to ‘Resolutely Adhere’ to Covid Zero | B
Geopolitics & trade
U.S. cautioned Germany against a Chinese controlling stake in Hamburg port | R
North Korea fires multiple ballistic missiles, residents in Japan told to shelter | R
Industries & companies
Airlines: The Weird-Looking, Fuel-Efficient Planes You Could Be Flying In One Day | W
Media: Netflix With Ads Launching as Talks Continue With Studios Over Content | W
Technology
Musk Plans to Eliminate Half of Twitter Jobs to Cut Costs | B
Climate
Climate Change Costs Are Eating Up the Money to Avert It | B
