April 20 (Thursday)
Latest Morning Briefing Executive Summary: Health Care, Financials & Hydrogen
Two of the S&P 500’s 11 sectors have staged impressive comebacks in recent weeks, Financials and Health Care. Jackie tells their laggards-to-leaders stories. … Also: Large banks’ sharp y/y increases in net interest income are making up for weaker areas of their business, enabling happy Q1 earnings surprises for some. NII gains likely peaked in Q4, but a reopening of the capital markets could help the industry as 2023 progresses. … And in our Disruptive Technologies segment: EVs have been heralded as the cars of the future, but it might be hydrogen powered cars that go the distance.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on April 17.
Markets
High-Yield Savings Accounts Draw Customers With 4% Rates | B
Oil prices at three-week low as strong dollar, rate hikes weigh | R
Central banks
Column: ‘Peak Fed’ aggravates U.S. debt ceiling strains | R
BOJ open to tweaking YCC this year if wage momentum holds – sources | R
US
McCarthy unveils debt ceiling bill that targets Biden agenda | C
When Will I Retire? How About Never | W
China
China’s CCTV slams Western hype of its population decline | R
Column: China boosts crude oil inventories despite record refinery processing | R
Geopolitics & trade
Janet Yellen to Say Security Comes Before Economy in U.S.-China Relationship | W
Yellen calls for ‘constructive and fair’ US economic ties with China | R
Opinion | America, China and a Crisis of Trust | N
China plans to ban rare earth magnet exports | American Military News
Apple CEO Tim Cook Meets Prime Minister Modi, as Tech Giant Looks to Expand in India | W
Japan’s Kishida Says He’ll Lead G-7 in Pushing for Protection of Journalists | W
Industries & companies
Media: ESPN layoffs to start as Disney cuts costs | C
Media: Ron DeSantis Disney fight intensifies despite criticism | C
Tech: Musk threatens to sue Microsoft over Twitter data being used in A.I. | C
Transportation: Drop in Transportation Stocks Foreshadows Weakening Economy | W
Corporate finance
Wall Street’s Deal-Making Lull Crimps Earnings at Morgan Stanley, Goldman | W
Technology
Sony World Photography Award 2023: Winner refuses award after revealing AI creation | BBC
Beyond markets
Taylor Swift asked a simple question that turned her off FTX | QZ
TikTok Effects on Mental Health In Focus After Teen Suicide | B
MIT scientists find way to treat, reverse Alzheimer’s disease | P
