May 13 (Saturday)
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.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on May 8.
Markets
Stocks Fall as Banking, Inflation Concerns Linger | W
US equity funds see massive outflows on debt ceiling worries | R
The Fed’s Iron-Grip Over Wall Street Trading Is Finally Easing | B
The Debt Ceiling Impasse Raises the Risks for ‘Risk-Free’ U.S. Bonds | N
Popular China Stock Trade Runs Into Geopolitical, Growth Risks | B
Central banks
Fed Official Signals Support for Further Rate Increases | W
Fed Governor Philip Jefferson named as new vice chair to succeed Lael Brainard | C
Fed’s Jefferson Says Core Inflation Progress ‘Discouraging’ | B
US
US consumer sentiment plummets to six-month low on debt ceiling debacle | R
U.S. can avoid default in July if it gets cash in June: CBO | C
Debt-Ceiling Talks Continue as Report Warns of Possible June Default | W
DeSantis allies could shift millions for presidential bid | C
U.S. to make tech hubs in middle America with $500 million investment | C
China
Why It’s Hard for China to Shake the ‘Uninvestable’ Tag | B
Chinese Brokerage Head Resigns After Reported Missing for Weeks | B
Geopolitics & trade
‘De-Americanize’: How China Is Remaking Its Chip Business | N
Exclusive: G7 summit statement to target China’s ‘economic coercion’ | R
The U.S. and China Are Finally Talking Again, but Mistrust Clouds Next Steps | W
Europe Presses White House to Address Iran’s Growing Nuclear Program | W
Industries & companies
Autos: Tesla to Fix Brake Software in More Than 1.1 Million Cars in China | W
Autos: Soros Slashed Rivian Stake After 90% Drop From Peak, Exits Tesla | B
Banks: US Bank Lending Retreated During Week of First Republic (FRC) Failure | B
Energy: Natural Gas Drilling Collapses in US at Fastest Rate in Seven Years | B
Media: Elon Musk confirms Twitter CEO hire: Linda Yaccarino | C
Media: The TV Ad Market Was Already Looking Bleak. Then the Writers’ Strike Happened. | W
Pharma: Alzheimer’s disease: Leqembi could cost Medicare $5 billion per year | C
Retail: Nordstrom JWN looks to Nordstrom Rack for growth | C
Corporate finance
What Apple’s Cash ‘Problem’ Means for its Stock Investors | Morningstar
