May 04 (Thursday)

Latest Morning Briefing Executive Summary: Semis, Onshoring Boom & Hydrogen
The semiconductor industry is breaking out into the light at the end of its tunnel. Its stocks are up, its CEOs are optimistic, and worldwide semiconductor sales are starting to improve. AMD’s CEO sees big opportunity in the rapid pace of AI adoption. … Also: Jackie highlights some of the many new ventures manufacturers are planning to capitalize on trillions of dollars in government incentives. Their projects may be enough to stave off a recession. … And our Disruptive Technologies segment looks at the government-incentivized green hydrogen opportunity.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on May 1.

Markets
Corporate Profit Margins Are Finally Stabilizing, Creating New Tailwind for Stocks | W
Treasury Yields May Fall to 2% as Gundlach, Banks Eye Recession | B

Central banks
Pushback Against Powell’s Prognosis Comes Almost Immediately | B
Federal Reserve Raises Rates, Signals Potential Pause | W
What a Fed response to a US debt default could look like | R

US
President Biden and Schumer must get to work to break the debt limit stalemate | The Hill
A Congressional Regulatory Report Card Can Begin To Address Biden’s New Attempts To Downplay Regulatory Costs | FO

China
China’s skidding factory sector taps brakes on economic recovery | R

Europe
Europeans drain billions from banks, fed up with shrinking savings | R

Geopolitics & trade
Russian Vessels Photographed at Nord Stream Site Days Before Blast | W
Did Russia stage the Kremlin drone attack it blamed on Ukraine? | C

Industries & companies
Airlines: Analysis: Delta’s pilot deal turns up the heat on rival airlines’ union negotiations | R
Financials: Banking’s Toaster Days Are Back as Interest Rates Rise | B
Financials: US Reviews Goldman Sachs Role With Silicon Valley Bank (SVB) Before Collapse | B
Financials: Car Insurance Rates Are Going Up Again | W
Media: FTC Proposes Barring Meta From Monetizing Young Users’ Data | W
Restaurants: Restaurants, Food Companies Pursue Budget-Minded Consumers as Inflation Persists | W
Retail: Nordstrom Is Closing San Francisco Stores as Cities’ Retail Pain Grows | W

Corporate finance
Toronto-Dominion Bank, First Horizon Terminate Merger Agreement | W
 
Technology
We’re far from human-level A.I., early DeepMind investor says | C
Opinion | Lina Khan: We Must Regulate A.I. Here’s How. | N
Slack GPT AI chatbot can take notes, summarize messages and more | C