May 01 (Monday)

Latest Morning Briefing Executive Summary: China, Energy & CO2
China’s President Xi has been pursuing an ambitious agenda for the nation, brazenly at that. Jackie reports on measures China has taken to step into the limelight on the world stage, beef up its military might, tighten its grip over multinationals operating there, and get its currency into global circulation. … Also: Energy markets are sending mixed signals, clouding the forecast. For the oil industry, tumbling earnings and revenues consensus expectations may be off the mark if optimistic oil price forecasts pan out. … And in our Disruptive Technologies segment: Expect to see more companies capturing their carbon—and attractive tax credits.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on April 24.

Markets
Stock Market Calm Rekindles Debate Over Fed Tightening | W
Many Stocks Look Attractive. The Stock Market Doesn’t. | BR
How Activist Investors Target Companies in a Choppy Market | BR
Asset managers control a growing share of society’s essentials | E
The power and the limits of the American dollar | E
 
Central banks
The Federal Reserve Has No Good Choices. Why More Pain Is Coming | BR

US
Republicans Effectively Voted to Raise Taxes. They’re Fine With That. | W
 
Europe
Inflation’s Trickier to Tame in Europe Than the U.S. Parisian Bakeries Show Why. | BR
France’s food-price inflation to ease off by September, minister says | R

China
China factory activity unexpectedly cools in April | R
If China’s growth is so strong, why is inflation so weak? | E
China’s Oil Strategy Mixes Diplomacy and a Domestic Drilling Push | W
China’s Consumers Lead Recovery in April | W
Hollywood is losing the battle for China | E
China weighs giving single women IVF access to stem population decline | R
China Locks Information on the Country Inside a Black Box | W
 
Geopolitics & trade
China’s latest attempt to rally the world against Western values | E
On China, Japan’s PM wants diplomacy, not war | E

Industries & companies
Autos: GM’s Chevy Bolt Heads to Scrapyard With Mixed Legacy | W
Financials: Banks Are In a Tough Spot as Rates Rise. 3 Places to Hide. | BR
Housing: The Building Boom Is Prolonging Market Pain | W
Retail: Bed Bath & Beyond store closures kick off land grab | C
Tech: Big Tech’s Rebound Plays to Individual Investors’ Growth-Stock Bets | W
Tech: Big Tech Earnings Spark Hope That Worst Is Over | W
 
Technology
Yuval Noah Harari argues that AI has hacked the operating system of human civilization | E
ChatGPT raises questions about how humans acquire language | E
ChatGPT and Other AI Tech Relies on Your Contributions | W
Elon Musk: SpaceX’s Starship costing about $2 billion this year | C
 
Corporate finance
SoftBank’s Arm registers for blockbuster U.S. IPO | C
JPMorgan, PNC Bidding for First Republic as Part of FDIC Takeover | W
Exclusive: Subway comes up with $5 billion debt plan to clinch $10 billion-plus sale | R
J&J’s Kenvue Spinoff: A Rare IPO Winner in a Moribund Market | BR