November 04 (Friday)

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 Finish Lower After Fed Signals Higher Rates | W
Traders scramble for protection after Fed spooks markets | R

Energy
Exclusive: G7 coalition has agreed to set fixed price for Russian oil | R
Oil prices drop as demand fears dominate | R
U.S. sells last batch of emergency reserve oil from historic release | R

Central banks
Fed’s Hard Line on Interest Rates Fuels Bond Rout | W
Bank of England raises rates by most since 1989 even as long recession looms | R

Global
Barclays cuts China GDP after forecasting U.S., Europe recession | C
 
US
Jobless Claims Remain Low in Tight U.S. Labor Market | W
The guy who inspired the “quiet quitting” movement is back to working 50 hours a week | qz.com

Geopolitics & trade
Taiwan, U.S. to hold in person trade talks next week | C
The Messy Unwinding of the New World Order—in Charts | W

Industries & companies
Media: General Mills, Audi and Pfizer Join Growing List of Companies Pausing Twitter Ads | W
Media: Twitter to begin layoffs Friday, days after Elon Musk’s $44 billion takeover | C

Central banks
You Can Thank the Fed for Boosting the $1.5 Billion Powerball Jackpot | W