November 21 (Monday)
Latest Morning Briefing Executive Summary: Thanksgiving In The Twilight Zone
While Covid-19 has upended life the world over, Americans have plenty of blessings to count this Thanksgiving. The US economy continues to grow, employment continues to expand, and consumers continue to spend. Although the single-family housing industry is in recession, multi-family housing starts are going strong. The auto industry is also doing well despite tighter credit conditions. Capital spending remains robust. The nasty supply-chain disruptions that had fueled high inflation appear to be over. And the US fossil fuel industry not only is meeting domestic energy needs but exporting to help meet Europe’s.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on November 14.
Markets
Energy shares, China COVID cases weigh on Wall St; Disney jumps | R
Central banks
Fed’s Aggressive Rate Hikes Are a Game Changer | W
The Federal Reserve Is Surely Not the Cause of Silicon Valley’s Swinging Ax | FO
Energy
U.S. Crude Oil Price Falls Below $80 a Barrel | W
Saudi Arabia Eyes OPEC+ Output Increase Ahead of Restrictions on Russian Oil | W
America must future-proof its energy sector with nuclear power | Washington Examiner
US
Stressed-Out Americans Plan to Buy Fewer Christmas Gifts, Donate Less to Charity | W
DeSantis, Others Draw Distinctions With Trump in 2024 GOP Nomination Race | W
Democrats must protect Social Security by raising the debt ceiling | The Hill
China
Mainland China reports first Covid-related deaths since Shanghai lockdown | C
Geopolitics & trade
China Turns to Back-Channel Diplomacy to Shore Up U.S. Ties | W
Top Russian official warns of possible nuclear accident at Zaporizhzhia | R
Explainer: Ukrainian nuclear plant shelled: Here’s what we know | R
Industries & companies
Media: How Elon Musk is changing Twitter, from mass layoffs to check marks | Vox
Media: ‘It’s over’: Twitter France’s head quits amid layoffs | R
Media: Disney blindsided Chapek with decision to replace him with Iger | C
Retail: Retailers Are Expecting Unpredictable Holiday Sales. These Companies Will Come Out On Top. | BR
Corporate finance
Biden grants PG&E $1.1 billion to keep Diablo Canyon nuclear plant open | C
Crypto
Is this the end of crypto? | E
Collapsed crypto exchange FTX owes top 50 creditors $3 billion: Filing | C
Beyond markets
NASA’s Orion spacecraft flies by the moon on Artemis 1 mission | C
Opinion | Musk, Bezos, Bankman-Fried, Trump: It Was a Bad Week for Billionaires | N
Sam Bankman-Fried tries to broker FTX bailout from his Bahamas home | C
