May 16 (Tuesday)
Latest Morning Briefing Executive Summary: Economic & Financial Stress & Stability
Two different recent surveys taking the pulse of businesses—one measuring sentiment among small business owners nationwide and the other manufacturing activity in New York State—showed depressed readings. The problem isn’t demand but the ability to supply given the tight labor market. … Two recent Federal Reserve reports—measuring the household debt and credit of US consumers and the financial stability of the economy generally—showed that neither the consumer nor the banking sector nor the financial system generally is especially stressed.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on May 15.
Markets
S&P 500 closes higher as debt ceiling negotiations in Washington are set to resume | C
How El Niño Could Scramble Commodity Markets | W
US
World Leaders Warily Watch U.S. Debt-Limit Standoff | W
US Households Show Signs of Stress as New Loan Delinquencies Rise | B
The Greatest Wealth Transfer in History Is Here, With Familiar (Rich) Winners | N
Biden’s new emissions rules will slam the economy and hurt Americans | P
Florida Gov. Ron DeSantis prepares 2024 presidential campaign | C
Will Social Security Still Exist When I Retire? Gen X Worries About Benefits | B
Geopolitics & trade
Ukraine hails gains in Bakhmut as Zelenskiy wins more weapons in Europe | R
U.S.-Made Technology Is Flowing to Russian Airlines, Despite Sanctions | N
China Sentences American to Life in Prison for Espionage | W
Industries & companies
Banks: SVB’s Ex-CEO Says Fed, Social Media Contributed to Collapse | B
Media: Telly offering a free TV but it will constantly display ads | C
Media: Guardians of the Galaxy: Vol. 3 box office strong in second week | C
Media: Opinion | Elon Musk’s Twitter Show Makes Sense. Yes, Really. | N
Transportation: Amazon Overhauls Delivery Network to Dispatch Packages Faster, More Cheaply | W
Climate
Southeast Asia hit with record-breaking heat, heavy air pollution | C
Technology
Generative AI is poised to change everything. Is your company ready? | C
