July 01 (Saturday)
Latest Morning Briefing Executive Summary: Brokers, Earnings & Green Steel
Is capital markets activity finally picking up? In Jefferies Financial’s recent earnings call, Jackie found reasons to suspect so, including a 16% q/q surge in advisory and underwriting business. Moreover, the IPO market appears to be reviving, and analysts see good earnings growth next year for the S&P 500 Investment Banking & Brokerage industry. … Also: A look at which S&P 500 sectors and industries analysts expect to grow earnings the most and least this year and next. Notably, the Consumer Discretionary and Communication Services sectors top the list for both years. … And: Companies stepping up to the challenge and opportunities of producing green steel.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on June 20
Central banks
China’s Central Bank Appoints New Top Communist Party Official | W
US
America’s Hot Labor Market Fuels Job Growth in Unexpected Places | W
Why It’s Impossible to Get Your Car Repaired This Summer | W
‘Bidenomics’ is a record of failure | P
That Other Bidenomics Disaster | W
Supreme Court strikes down Biden’s student loan forgiveness plan | C
Europe
Interest Rates Cause a Water Crisis | W
Geopolitics & trade
Ukraine’s Zelenskiy says ‘serious threat’ remains at Zaporizhzhia nuclear plant | R
Japan says Russian warships spotted near Taiwan, Okinawa islands | R
Industries & companies
Autos: Why the EV boom could put a major strain on our power grid | C
Autos: Ford Super Duty trucks get high-tech features | C
Financials: Goldman Is Looking for a Way Out of Its Partnership With Apple | W
Financials: JPM, WFC, MS boost bank dividends after Fed stress test | C
Media: 10 highest-grossing movies of 2023, from ‘Mario’ to ‘Spider-Man’ | C
