November 05 (Saturday)
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 Higher After U.S. Jobs Report | W
Goldman Wealth Strategist Sees Buying Opportunity in Stock Slump | B
Warren Buffett’s Berkshire Hathaway Swings to Loss, Stung by Battered Market | W
Climate
Climate Change Eclipsed by Inflation, Crime, Abortion in US Midterm Races | B
Climate activists block private jets at Amsterdam’s Schiphol Airport | R
Central banks
Fed Watchers Put ‘Finger in the Air’ and See Rate Peak Above 5% | B
China Investigates Central Bank Deputy Governor in First Major Probe Since Party Congress | W
US
Elevated Inflation Presents Risk to U.S. Economy, Fed Report Finds | W
Why the October Jobs Report Is So Strong Despite Tech Layoffs | W
Jobs Report Shows Payrolls Grew 261,000 in October | W
House hunting this weekend? There’s more out there now | C
Obama warns of ‘dangerous’ U.S. political climate ahead of midterms | R
China
Possible China Covid Reopening Prompts Jittery Markets, Intense Speculation | W
China vows to continue with ‘dynamic-clearing’ COVID strategy | R
Geopolitics & trade
North Korea Shoots Ballistic Missiles Off Its West Coast | W
Train crosses North Korea border into Russia after arms report, think tank says | R
Ukrainian forces brace for bloody fight for Kherson | R
Ukraine Curbs Power Use as Russian Strikes Take Toll on Electric Grid | W
Industries & companies
Media: Twitter co-founder Jack Dorsey speaks out after mass layoffs | C
Media: Elon Musk Says Twitter Has Had Massive Revenue Drop as Layoffs Begin | W
Retail: Travel has edge over shopping this holiday season amid inflation | C
Retail: Inflation to dampen holiday spending, retail trade group forecasts | C
Tech: For Chip Makers, the Flip from Shortage to Glut Intensifies | W
Crypto
Crypto Firms, Executives Step Up Campaign Donations, Lobbying Ahead of Midterms | W
Beyond markets
This School Took Away Smartphones. The Kids Don’t Mind. | W
What Moneyball Has Done to American Culture | The Atlantic
