June 08 (Thursday)
Latest Morning Briefing Executive Summary: The AI Future & Health Care
Don’t fear AI, just China’s AI aspirations. Out with the CPU, in with the GPU. AI is bound to transform every business process, bar none. Three well respected tech visionaries have been describing our AI-enhanced future with optimistic messages that they insist are not hyperbole. … And: Don’t overlook the lagging S&P 500 Health Care sector’s potential for a rebound given exciting developments in its biotech and pharma industries. Jackie recaps some of the highlights.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on June 5.
Markets
S&P 500’s Climb Toward Bull Market Thwarted by Canada Rate Move | W
Eight Megacap Stocks Make for a Funny Sort of Bull Market | W
The Once-Hot Trades of 2023 Are Unraveling in Punishing Markets | B
Bonds Everywhere Fall on Signs Central Banks Will Hike Interest Rates | B
Treasury’s $1 Trillion Debt Deluge Threatens Market Calm | W
Central banks
China State Banks Cut Deposit Rates to Bolster Sluggish Economy | B
Column: One-off rate hike ‘skip’ would be Fed first: McGeever | R
US
Ray Dalio Says US at Beginning of ‘Late, Big-Cycle Debt Crisis’ | B
The AI Boom Is Pulling Tech Entrepreneurs Back to San Francisco | N
Trump aide testifies to grand jury amid indictment speculation | C
U.S. Struggles to Turn Steel Imports ‘Green’ With Tariffs | W
China
China’s Share of U.S. Goods Imports Falls to Lowest Since 2006 | W
Japan
Japan upgrades Q1 GDP as businesses spending picks up | R
Japan’s Economy Grows at Faster Pace as Businesses Spend More | B
Japan’s GDP revised sharply higher, grew 2.7% in the first quarter on robust spending | C
Geopolitics & trade
U.S. and China Prepare for Possible Blinken Visit to Beijing | W
China’s EV Juggernaut Is a Warning for the West | W
U.S. Nears Deal to Produce GE Jet-Fighter Engine in India | W
Industries & companies
Pharma: Merck Sues to Stop the IRA’s ‘Extortion’ | W
Climate
NYC Mayor Eric Adams Urges Citizens to Wear Masks for ‘Unprecedented’ Smoke | B
Canada wildfire smoke: New York City has world’s worst air pollution | C
World Energy Council: World energy system not fit for purpose | C
