February 09 (Thursday)
Latest Morning Briefing Executive Summary: Financials, Cruise Lines & AI Search
The stock market’s strength since October has been a beckoning beacon for the capital markets: IPOs have revived, bond markets have calmed, and bond issuance has picked up. It may be halcyon days for the capital markets if investors in the shares of alternative fund managers are correct. These bellwethers of capital markets activity have outperformed the S&P 500 dramatically since September. … Also: Consumers are spending on travel again—sparking earnings recoveries for Royal Caribbean and the S&P 500 Hotels, Resorts & Cruise Lines industry generally. … And: AI is poised to transform search, but market dominance may be up for grabs.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on February 6.
Markets
The Dow Industrials Are Sitting Out the Stock Market’s Wild Ride | W
Central banks
Used-Car Market in US: Surprise Price Jump Adds to Fed’s Inflation Worries | B
US
New White House Wage Data Show Slowing Pressure on ‘Supercore’ Inflation | W
Some $191 Billion in Pandemic Payments May Have Been Improper, Labor Inspector General Says | W
Manhattan rents hit record high in January | C
Industries & companies
Airlines: Southwest Airlines Executive to Tell Congress ‘We Messed Up’ in Holiday Meltdown | W
Financials: The Atlanta Billionaire Behind Goldman’s Latest Consumer-Lending Push | W
Media: Disney Plans to Cut 7,000 Jobs, $5.5 Billion in Costs | W
Corporate finance
Pfizer, Novartis, Merck Executives Say They Are Hunting for Deals Again | W
Geopolitics & trade
Spy balloon confirms ‘pattern of Chinese behavior’ that poses threat to NATO members, Stoltenberg says | C
U.S.-China Tensions Are High. So Is Commerce Between the Nations. | W
Senate Republicans Demand Answers on Handling of Suspected Chinese Spy Balloon | W
Technology
How dangerous is AI? Regulate it before it’s too late | The Hill
Beyond markets
Awful Stock Market Analysts, Wall Street Economists Are Costing Investors Money | ampproject.org
The CDC grossly exaggerated the evidence for mask mandates | P
Rarely Has It Been So Easy To Be A Star At Work | W
