June 24 (Saturday)

Latest Morning Briefing Executive Summary: Transports & Batteries
As consumers continue to celebrate their freedom from Covid with vacations and other experiences, spending less on tangible things, not only retailers have felt the sting—and not only last year. Transport companies continue to report less freight to haul, as FedEx’s recent earnings report illustrated. Jackie examines the S&P 500 Transportation industry’s demand problem. On the bright side, fuel costs have fallen, and analysts are optimistic about improved results next year. … And: When the solid-state batteries for EVs now being developed become commercialized, the much greater driving range they offer may be just the shove the EV market needs to take off.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on June 20.

Markets
Stocks Post Losing Week After Signs of Cooling Economy | W
Companies without direct A.I. link try to ride the Wall Street craze | C

Central banks
ECB’s Makhlouf undecided about rate rise beyond July | R

China
China Dragon Boat Festival trips down 22.8% from pre-COVID levels -CCTV | R

Geopolitics & trade
Dictator Gets Upset When You Call Him a Dictator | W
What is the Wagner Group, led by man accused of mutiny in Russia | C
Apple’s Tim Cook and tech execs meet Indian Prime Minister Modi | C

Industries & companies
Airlines: Demand for Airliners Soars: ‘We Cannot Make Planes Fast Enough’ | W
Financials: Car Insurance Rates Are Soaring With Little Relief in Sight | W
Media: Harrison Ford Is 80. He’s Proof: Silver-Haired Stars Are the New Box-Office Gold. | W

Technology
Inside Sweetgreen’s first automated location, plans to take tech nationwide | C

Corporate finance
High interest rates, economic uncertainty boost corporate defaults | C
IBM Nears $5 Billion Deal for Software Provider | W
Janet Yellen Sees Bank Earnings Pressure, Mergers After March Crisis | W

Climate
As Canada’s wildfires intensify, recruiting firefighters is tougher | R

Beyond markets
The Moral Crisis of America’s Doctors | N
Math, reading test scores drop | The Week
U.S. intelligence agencies remain divided over likely Covid origin | C