July 15 (Saturday)
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
‘Everything Rally’ in Markets Pulls in Speculative Investors | B
US
Economists Are Cutting Back Their Recession Expectations | W
Collective embrace of soft landing economic scenario extends 2023 rally after welcome drop in CPI | C
Risk Rally: This Indicator Shows the Profit Outlook is Looking Up | B
Talkin’ ’Bout Our Generations: How They Shape Our Style, Our Vacations and Why We’re Us | W
The 2024 Election Is a Fight Over America’s Way of Life | W
China
China’s Economy Might Look Good on Paper, but It Feels Like a Recession | W
Geopolitics & trade
China’s Wang Yi urges EU to ‘clarify’ its position on partnership | R
Paraguay ‘would love’ more China trade, Taiwan still better for development | R
Would Allies Fight With U.S. for Taiwan? Japan Is Wary | W
Russia’s Putin Moves to Dismantle Wagner Paramilitary Group | W
Industries & companies
Autos: Tesla Starts Cybertruck Production Two Years Behind Schedule | B
Banks: JPMorgan Earnings: Profit Jumps 67% After First Republic Bank Rescue | W
Banks: Credit Suisse inquiry will keep files secret for 50 years | R
Media: Where are the billion-dollar movies? Hollywood lacks mega hits | C
Wireless: AT&T, Other Telecom Stocks Sink After WSJ Investigation on Toxic Lead Cables | W
Corporate finance
Pfizer’s $43 Billion Seagen Takeover Faces EU Investigation | B
FTC loses appeals court bid to temporarily block Microsoft-Activision deal | C
Eli Lilly Is Buying Another Potential Obesity Treatment in Deal Worth Up to $2 Billion | W
Climate
Weeks of Extreme Heat Strain Small Businesses and Economy | W
Phoenix braves relentless wave of extreme heat in US Southwest | R
El Niño exacerbates global warming: Record heat, flooding, wildfires | C
Crypto
Binance could lay off thousands in response to DOJ probe: source | C
Technology
Elon Musk plans Tesla, Twitter collaborations with xAI | C
