May 26 (Friday)
Latest Morning Briefing Executive Summary: Covid Again? Upbeat NERI.
China bracing for another Covid wave but will rely on vaccines rather than lockdowns. … Latest earnings was better than expected, but S&P 500 earnings was still down 3.0% y/y, which is better than the -7.0% consensus expectation. Q2 should be down again modestly before comps turn positive again. … Joe reviews the latest NERI readings, which seem to be turning more optimistic.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on May 22.
Markets
Nvidia close to becoming first trillion-dollar chip firm after stellar forecast | R
Can You Recession-Proof Your Portfolio? | Morningstar
US
‘Not sure history has ever seen this before’: Top CEOs on the economy | C
Biden, McCarthy See Progress but No Deal on Debt Ceiling | W
Debt ceiling negotiations intensify between Biden, Republicans | C
Europe
Germany Enters Recession in Blow to Europe’s Economy | W
India
World’s largest milk producer India faces 15% hike in milk prices | C
China
China, Once Pioneer of Zero Covid, Shrugs Off Looming Wave | W
Column: China’s refined nickel imports slump to near 20-year lows | R
Geopolitics & trade
Pressure Is on U.S. to Hit Back at China’s Ban on Micron | W
China Hack Is Latest Challenge for West’s Diplomatic Reset With Beijing | W
Why North and South Korea Have Big Ambitions in Space: An ‘Unblinking Eye’ | W
Industries & companies
Airlines: Spate of Runway Near Misses Casts Shadow Over Summer Travel | W
Autos: Tesla’s Elon Musk, Ford’s Jim Farley to talk EVs on Twitter Thursday | C
Energy: Column: The ‘Big 4’ drivers of coal imports and power emissions | R
Media: Inside Disney and Comcast’s Fight Over the Future of Hulu | W
Media: TikTok Is Testing Its Own AI Chatbot Called Tako | W
Retail: Kohl’s, Best Buy, Lowe’s Sales Sluggish as Shoppers Pull Back | W
Travel: Half-Empty a Year Ago, Cruises Are Now Packed Like Sardines | W
Beyond markets
How the A.I. explosion could save the market and maybe the economy | C
Reid Hoffman Is Praising the Virtues of AI | N
The Brilliant Math Coach Teaching America’s Kids to Outsmart AI | W
Microsoft sprinkles OpenAI everywhere to retain software partners | C
