May 19 (Friday)
Latest Morning Briefing Executive Summary: Retail, Earnings & Fintech
Three major retailers recently reported Q1 results that provide a glimpse into consumers’ shifting spending trends. Notably, consumers seem to be putting off discretionary purchases. … Also: Perusing YRI’s forward earnings growth charts for S&P 500 industries is an eye-opening exercise: For four unrelated industries, analysts have set extremely high sights. Jackie explores. … And our Disruptive Technologies focus: Walmart’s self-reinvention as a financial services provider to the masses.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on May 15.
Markets
Why You Keep Chasing the Wrong Stock Market | W
Crude Oil Prices Set for Best Week Since Mid-April on US Debt-Deal Optimism | B
Rebound in Treasury Yields Fueled by Resilient Growth, Inflation | W
Central banks
Fed Chair Powell says rates may not have to rise as much as expected to curb inflation | C
Fed’s Powell says tighter credit conditions ease rate hike pressure | R
Powell Says Bank Stress Could Influence Rate Path | W
Fed’s Williams Says Covid Pandemic Didn’t End Era of Very Low Interest Rates | B
Fed’s Michelle Bowman Cautions Against ‘Radical Reform’ of Bank Oversight | B
Fed’s Michelle Bowman Warns Against Broad Overhaul of Banking Rules | W
Fed may be forced to defy market expectations and hike: Economist | C
US
US Economy to Cool This Quarter, Hit Downturn in Second Half of Year | B
How Many US Jobs Would Be Lost in a ‘Mild’ Recession? | B
What Would Happen if the U.S. Defaulted on Its Debt | N
When Could the U.S. Default Without a Debt Ceiling Deal? | W
Debt ceiling: Republicans pause negotiations with White House | C
Biden Pushes Momentum in Debt Talks as He Begins Summit in Japan | B
Europe
Pent-up demand promises record tourist season for southern Europe | R
Industries & companies
Airlines: American Airlines, pilots reach preliminary labor deal | C
Retail: US economy: Consumer takeaways from WMT, TGT, HD retail earnings | C
Beyond markets
A Millennial Puzzle: More Diverse but More Segregated | W
Deep in the Amazon, scientists race to find unknown bat viruses | R
NASA awards Blue Origin SLD crew lunar lander contract | C
