April 29 (Saturday)

Latest Morning Briefing Executive Summary: Tech, Staples & Robotaxis
Before long, every large corporation will be following in PricewaterhouseCoopers’ footsteps and trying to leverage AI to their advantage. Microsoft is well positioned to benefit via its OpenAI investment and Azure cloud computing service. … Consumer Staples companies have turned investors’ heads with stellar March-quarter results, buoyed by pricing power. But their unit sales growth might be vulnerable to price-sensitive consumers’ disloyalty. … And in our Disruptive Technology segment, Jackie explores the Achilles’ heel of autonomous vehicles: situations they haven’t been programmed for.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on April 24.

Markets
Stocks Notch Second Month of Gains | W

Central banks
Key inflation gauge for the Fed rose 0.3% in March as expected | C
Fed Emergency Loans Rise Again Amid Renewed Financial Stress | B
After SVB Failure, Fed’s Barr Seeks Sweeping Changes to Bank Rules | B
Fed Report on Silicon Valley Bank Collapse Finds Regulators Failed to Act | W
Fed report on SVB collapse faults bank’s managers — and central bank regulators | C

US
Wage Gains Pick Up as Fed Contemplates Next Rate Decision | W
Lael Brainard’s White House Challenge: Shielding Fallout From High Inflation, Rates | W
Companies Are Colluding to Cheat H-1B Visa Lottery, U.S. Says | W
Jim Cramer: Consumer goods stocks are set to keep running, so buy now | C

China
China’s ‘Ugliest Buildings Survey’ Showcases Weird Architecture | B

Geopolitics & trade
Europe Takes Tougher Stance Toward China in Boost to US Policy | B
Chinese Warships and Planes Test Taiwan Defenses | W

Industries & companies
Banks: JPMorgan, PNC Bidding for First Republic as Part of FDIC Takeover | W
Banks: First Republic likely headed for FDIC receivership, sources say; shares drop 40% | C
Energy: Exxon Has 40 Billion Reasons to Go Shopping | W
Restaurants: ‘Too Many Seats, Too Few Butts’ Mean Changes at Your Favorite Restaurant | W

Technology
ChatGPT Will See You Now: Doctors Using AI to Answer Patient Questions | W
How A.I. could change the future of work | C
Tech earnings calls show mega-cap companies going big on A.I. | C

Beyond markets
They Want to Change the World. They Would Also Like a Raise. | N
U.S. Covid-19 Deaths and Hospitalizations Near New Lows | W