May 11 (Thursday)
Latest Morning Briefing Executive Summary: Travel, Homes & Hydrogen
Maskless and Covid-free, Americans have been venturing further abroad this year, a trend that has saddled companies with domestic-travel-related businesses with tough y/y comparisons. Airbnb and Wynn are prime examples. … Also: Jackie examines the curious divergence between the share price performances this year of two housing-related S&P 500 industries, Homebuilding and Home Improvement Retail, which usually perform in lockstep. … And: Our Disruptive Technologies focus this week is on utilities’ use of hydrogen to produce electricity.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on May 8.
Markets
Jamie Dimon warns panic will overtake markets as U.S. approaches debt default | C
Commodities
Column: Europe’s gas prices slide on swollen inventories | R
Column: World needs battery metals, but miners foiled by prices, activists | R
Banks
Jamie Dimon Warns Regulators to Not ‘Overreact’ to Bank Crisis | B
To Cover SVB Collapse, Big Banks Face Billions in Extra FDIC Fees | B
Bond Selloff Adds to the Pressure on Regional Banks | W
US I
Economy Showed Signs of Cooling Last Month | W
Wholesale prices rose just 0.2% in April, less than estimate as inflation pressures ease | C
US Producer Prices for April 2023 Increase at Slowest Pace Since Early 2021 | B
Covid caused huge shortages in the jobs market. It may be easing — but there’s another problem ahead | C
Workers Are Happier Than They’ve Been in Decades | W
Opinion | New York Is Full of Empty Offices After Covid. Make Way for the Playground City. | N
US II
JPMorgan CEO Dimon says bank is convening a ‘war room’ on debt ceiling | R
Yellen Doubts Biden Administration Can Avoid Default Without Congress | W
Biden needs to demonstrate good faith on the debt ceiling | Washington Examiner
How Biden could solve the debt ceiling crisis | MSNBC
McCarthy must heed Reagan’s warning on the debt ceiling — China is watching | The Hill
China
Chinese Consumer Inflation Slows to Lowest Level in Two Years | W
Geopolitics & trade
U.S. holds ‘candid’ talks with China amid Russia’s war in Ukraine | C
As Title 42 Winds Down, Migrant Influx Overwhelms Southern Border | W
Why the US delayed China sanctions after shooting down a spy balloon | R
Industries & companies
Aerospace: Why Airbus and others are betting on hydrogen-powered planes instead of electric planes | C
Media: Disney shares sink after the company reports streaming subscriber losses | C
Technology
Will AI Help Us or Leave Us Behind? | W
SoftBank Says Goodbye to Alibaba, Hello to More AI Investments | W
Climate
Biden Administration Targets Power-Plant Emissions in New Climate Initiative | W
Beyond markets
Where the most powerful economists went to school: How six universities came to dominate the field. | Slate.com
