January 06 (Friday)
Latest Morning Briefing Executive Summary: China, Staples & Drones
Covid is ravaging China after the government suddenly abandoned its zero-Covid policy, leaving an under-exposed and under-vaccinated population vulnerable. Jackie reports on the tragic fallout. … The S&P 500 Consumer Staples sector was a top-performer last year, as investors viewed it as a relative safe haven. That might not remain the case given Consumer Staples’ current valuation; its forward P/E actually rose over the past two years. … And: Our Disruptive Technologies focus this week is on the drones that are starting to dot the sky and how they’ll be reshaping retailing, shipping, and war.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on January 3.
Markets
Stocks Slide After Data Points to Strong Labor Market | W
Traders who bet against stocks made a killing in 2022, as short sellers netted $300 billion | C
Energy
Column: Oil price flip highlights Fed’s inflation base effect jam | R
US
Can the US Dodge a Recession? This Economist Thinks So | B
Job growth expected to have cooled in December but not enough to slow Fed rate hikes | C
Here’s how much top tech jobs in California pay, according to job ads | C
Column: U.S. manufacturing downturn will cut diesel consumption | R
U.S. Trade Deficit Narrowed Sharply in November as Global Demand Cooled | W
U.S. House speaker vote: House adjourns after McCarthy loses 11th ballot | C
House speaker election: Here’s how the debacle is paralyzing the U.S. Congress | C
China
China Resumes Residential Property Development Funds in Further Support | B
Japan
Japan’s real wages fall at fastest pace in over 8 years in November, undercut by inflation | R
Geopolitics & trade
China’s new Covid surge is crippling the world’s most important factories and biggest ports | C
How a Texas Border City Is Shaping the Future of Global Trade | N
With few entry tests, Southeast Asia may gain most from China’s travel revival | R
U.S. warship sails through sensitive Taiwan Strait; China angered | R
Industries & companies
Autos: Ram previews new electric pickup to rival Ford, Rivian | C
Airlines: U.S. Senate Commerce chair plans hearings after Southwest Airlines meltdown | C
Fitness: Peloton to Pay $19 Million Fine Over Treadmill Recall | W
Media: Netflix, HBO, and Disney profits show the streaming boom is over | Vox
Retail: Bed Bath & Beyond warns of potential bankruptcy | C
Tech: Major tech shift head: BofA’s Rick Sherlund predicts software comeback | C
Crypto
Who is Alex Mashinsky, the man behind the alleged Celsius crypto fraud? | R
Crypto lender Genesis Trading lays off 30% of workforce | C
