November 12 (Saturday)
Latest Morning Briefing Executive Summary: On Transports, Oil & Climate Change
Does the recent rally in the S&P Transports signal that investors think transportation stocks have been beaten down enough so far this year? Will they continue to chug uphill despite the drag from slowing fundamentals? Jackie examines the challenges up ahead for shippers, truckers, railroads, and air freight and logistics companies; airlines, though, seem headed for blue skies. … Also: A look at the oil market’s tug of war between China’s downward pressure and Russia’s upward pressure on prices. … And: Today’s Disruptive Technologies segment focuses on news from the UN’s international climate change conference, COP27.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on November 7.
Markets
Stocks Extend Rally After Inflation Slowdown | W
Nasdaq adds 1.9%, S&P 500 closes nearly 1% higher and notches best week since June | C
Wild Stock Spike Revives Is-This-the-Bottom Debate for Third Time This Year | B
Central banks
Krugman Says the Fed Should Pause Rate Hikes, Has Done Enough | B
Energy
Growing number of Germans won’t be left in dark with blackout courses | R
EXCLUSIVE India can buy as much Russian oil as it wants, outside price cap, Yellen says | R
US
Inflation Report: What Costs More—and Less | W
Arizona Senate: Mark Kelly beats Trump GOP pick Blake Masters, NBC News projects | C
Trump on defense after weak GOP midterms, raising questions about 2024 | C
China
China Eases Zero-Covid Rules as Economic Toll and Frustrations Mount | W
Geopolitics & trade
U.S. Downgrades Russia to Nonmarket Economy | W
Industries & companies
Consumer discretionary: A first look at Amazon’s new delivery drone | C
Media: Disney plans layoffs, hiring freeze, cost cuts, CEO Bob Chapek says in memo | C
Utilities: The U.S. Electric System Is Leaning on Customers to Avoid Blackouts | W
Crypto
Exclusive: At least $1 billion of client funds missing at FTX | R
FTX Files for Bankruptcy, CEO Sam Bankman-Fried Resigns | W
FTX founder Sam Bankman-Fried says he is in the Bahamas | R
Climate
This Former BlackRock Executive Says ESG Investment Model Is Broken | W
Carbon Market Under Pressure to Deliver Billions in Climate Funding | W
Beyond markets
From Elon Musk to Sam Bankman-Fried, a bad week for market geniuses | C
