April 22 (Saturday)
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
Stocks end Friday’s session little changed, Dow snaps 4-week win streak | C
A recession is coming — and stock markets won’t come through it unscathed, strategist says | C
Global Economy Gets Boost but Inflation Worries Linger | W
Column: Evaporating equity risk premium herds funds to bonds | R
More Lessons From the Do Nothing Portfolio | Morningstar
Central banks
Fed tilts toward rate hike, with a possible pause in view as lending slows | C
Fed Rethinks Loophole That Masked Losses on SVB’s Securities | W
Commodities
Column: U.S. diesel stocks tighten but fear of shortage eases | R
Chile plans to nationalize its vast lithium industry | C
US
These US States Saw Their Unemployment Rates Fall to Record Low in March | B
Home Prices in March Posted Biggest Annual Decline in 11 Years | W
Donald Trump Tops Ron DeSantis in Test of GOP Presidential Field, WSJ Poll Finds | W
When did mass layoffs become so normal? | Vox
Europe
Europe’s Planes Keep Flying Despite Cyberattack | W
Industries & companies
Autos: Exclusive: Tesla’s Autopilot never claimed to be self-pilot, juror says | R
Banks: ‘Utterly irresponsible’: SVB failure was caused by a banking — not tech — crisis, top VC says | C
Banks: Treasury proposes new process to spot risks after SVB, Signature Bank failures | C
Banks: A Schwab (SCHW) Brokerage Divorce From Its Bank Will Unlock Value, JPMorgan Says | B
Mobile: U.S. Begins Planning for 6G Wireless Communications | W
Pharma: Big drug company CEOs to testify at Senate Health committee on insulin prices | C
Tech: Google’s 80-acre San Jose mega-campus is on hold as company reckons with economic slowdown | C
Tech: Apple Plans iPhone Journaling App in Expansion of Health Initiatives | W
Musk
Elon Musk had a rough week across his empire — Tesla, Twitter and SpaceX | C
After SpaceX’s Starship Rocket Explosion—Debris, Data and Analysis | W
So what was that? Was Starship’s launch a failure or a success? | Ars Technica
Elon Musk Sows Confusion on Twitter After Removing Legacy Check Marks | W
Beyond markets
‘It totally backfired’: The pitfalls of Alzheimer’s genetic testing | R
NYC Subway Hits 4 Million Rides, Most Since Covid | B
