July 20 (Thursday)
Latest Morning Briefing Executive Summary: Defense, China & Quantum Computers
In these geopolitically tense times, countries need to build more formidable military arsenals to deter aggressors—which for defense contractors means surging demand. Meeting it may be a challenge, admitted Lockheed Martin on its Q2 earnings call, voicing the need for a stronger supply chain; investors were swift to punish the stock. Jackie provides context with earnings and valuation data for the S&P 500 Aerospace & Defense industry. … Also: China’s real estate crisis continues to deepen. News of the most recent property developers to default has sunk China’s junk bond prices. … And: The race for quantum computing supremacy among Google, Amazon, and IBM.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on July 17.
Markets
Apple, Microsoft, Amazon, Nvidia, Tesla Stocks to Be Tested | B
Tech Stocks, Meme Stocks, Crypto: Investors Are Feeling Bold Again | W
Energy
Column: Brazil’s hydropower relieves European gas squeeze | R
US
US single-family housing starts to drop; building permits hit 12-month high | R
U.S. Recession Appears Less Likely, Economists Say | N
Column: Inflation undershoot? Narrative shifts again | R
The Pandemic’s Job Market Myths | N
Geopolitics & trade
Kerry’s China Trip Restores Talks on Climate Change But Falls Short on Agreement | W
Want to Win a Chip War? You’re Gonna Need a Lot of Water | WIRED
US Says North Korea Has Ignored Outreach About Soldier Who Fled | B
Industries & companies
Financials: Goldman Sachs Isn’t Transforming Fast Enough | W
Media: ‘Barbie,’ ‘Oppenheimer’ opening weekend could be huge | C
Pharma: WeightWatchers’ New CEO Pushes Points and Obesity Drugs | B
Technology
Apple Preps Ajax Generative AI, ‘Apple GPT’ to Rival OpenAI and Google | B
‘Training My Replacement’: Inside a Call Center Worker’s Battle With A.I. | N
Climate
A Vast Untapped Green Energy Source Is Hiding Beneath Your Feet | WIRED
Why You Should Read a 900-Page Novel About the Climate Crisis | WIRED
Beyond markets
Your Boss Would Rather Work From Home | W
Millennial’s dog-sitting side hustle: It’s ‘like a second salary’ | C
