June 07 (Wednesday)
Latest Morning Briefing Executive Summary: View From The Pits
Commodities markets have been on a wild ride in recent years, buffeted by pandemic impacts specific to each. The present time finds oil prices weakened by a global supply/demand imbalance, raw industrials prices depressed by China’s weak recovery and US recession fears, lumber prices down owing to soft single-family home construction, and both natural gas and most agricultural prices far from their peaks. … The ripple effects of this commodities scenario include downward inflation pressure and upward dollar pressure. … Also: Joe shares his takeaways from S&P 500 Q1 earnings now that most companies have reported and most analysts have tweaked their forecasts.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on June 5.
Markets
US stocks end up as Fed, CPI loom large next week | R
Global
World Bank Brightens View of Global Growth This Year, Downgrades 2024 | W
US
‘Non-Recession Recession’ as Rate Hikes Bite | B
US Cash Pile Leaps by Most Since Tax Day After Debt-Limit Suspension | B
Tax Cuts High on GOP Agenda as House Looks to Revive Business Breaks | W
Chris Christie, top GOP Trump critic, launches presidential bid | C
Hunter’s Laptop All Over Again | W
West Coast States Rode the Tech Boom. Now They Face Higher Unemployment, Falling Wages. | W
Geopolitics & trade
Jamie Dimon on US-China Relationship: Biden Has Right Strategy | B
As Blinken Visits Saudi Arabia, Human Rights Are Back in Focus | W
Industries & companies
Autos: Tesla’s Model 3 cheaper than Toyota’s Camry in California with tax benefits | R
Financials: 2023 Banking Crisis: Key Lessons From the SVB, First Republic Collapses | B
Financials: US Bank Regulators Tell Lenders to Watch Risks From Vendors | B
Tech: Apple Vision Pro: Hands on first impressions from WWDC 2023 | C
Crypto
Coinbase Sued by SEC for Breaking US Securities Rules | B
Climate
ESG Movement Fails at the Scene of Its Greatest Triumph | W
Technology
Why AI Will Save The World
Artificial Intelligence Still Not Smart Enough | W
Should You Let AI Manage Your Retirement Plan? | US News
Beyond markets
Portugal just launched a ‘government-funded’ 4-day workweek trial | C
