July 14 (Friday)
Latest Morning Briefing Executive Summary: Travel, Banks & AI
Americans are traveling like never before, with record numbers flying to do so. Post-pandemic “revenge travel” has sent the valuations of travel-related stocks skyward too. Jackie takes a timely look at what could go wrong. … Also: Banks’ soon-to-be-released 2Q earnings will show investors whether large banks have continued to fare way better than small ones—shedding light on whether the valuations of the latter have been overly punished. The S&P 500 Regional Banks index has dramatically underperformed the S&P 500 Diversified Banks index ytd. … And: In our Disruptive Technologies segment, a look at how AI is being deployed to speed and improve drug development.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on July 10.
Markets
Stocks making the biggest moves premarket: AT&T, Microsoft, JPMorgan, Citi and more | C
Bank Earnings Cap a Week of ‘Everything Rally’ | B
JPMorgan Asset’s Bob Michele Says Global Bond Rally Is Just Starting | B
Tumbling US dollar a boon to risk assets across the globe | R
Russia’s crude price exceeds G7 price cap as market braces for supply crunch | C
Central banks
The Real Fed Debate This Month: What Would Prompt a Rate Hike This Fall | W
Fed Governor Christopher Waller Calls for Two More Interest Rate Hikes This Year | B
St. Louis Fed President James Bullard Steps Down | W
US
If You Find the Economy Confusing, Don’t Worry: It Is | W
Mellman: The economic recovery, perception and reality | The Hill
Republicans Divided Over US Railroad Safety Regulations | B
Biden forgives $39 bln in US student debt using program fix | R
Geopolitics & trade
Russia says West is sponsoring ‘nuclear terrorism’ after Ukrainian drone strike | R
Hong Kong Takes Its Crackdown Abroad | W
Industries & companies
Consumer: WHO: Soda sweetener aspartame may cause cancer but safe within limits | C
Media: Hollywood Has SAG-AFTRA, WGA Double Strike for First Time in 60 Years | B
Media: The Barbie movie, the nine-dash line, and China’s influence on Hollywood | Vox
Media: Bob Iger Isn’t Having Much Fun at Disney | W
Pharma: The benefits of new Alzheimer’s drug Leqembi are still limited | MSNBC
Climate
Japan calls on China to approach Fukushima water release in ‘scientific manner’ | R
Canada record heat meets record wildfires; new reality say scientists | C
Climate: Kerry rules out US paying reparations to low-income nations | C
