July 22 (Saturday)

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
Dow Edges Higher, Its 10th Gain in a Row | W

Central banks
The Fed Is Trying to Cure Inflation Without Starting a Recession | N

US
Student Loan Payments Will Cut Consumer Spending, Increase Recession Odds | B
Bidenomics spurred stronger GDP growth: Morgan Stanley | C

Geopolitics & trade
U.S. Sending More Warships, Marines to Middle East Amid Rising Tensions With Iran | W

Industries & companies
Autos: Lawmakers Challenge Ford and Chinese Battery Partner Over Forced Labor | N
Media: Barbie movie marketing: The explosive success of the PR hype machine | VOX
Pharma: Tornado at North Carolina Pfizer Plant Exposes Fragility of Drug Supply Chain | B
Pharma: Sanofi expects infant RSV shot before virus season this fall | C
Retail: Amazon (AMZN) Will Make Some Employees Relocate in Return-to-Office Mandate | B

Technology
A.I. Regulation Is in Its ‘Early Days’ | N
Large majority of Americans have strong reservations about A.I. emergence, CNBC survey shows
 
Corporate finance
ESPN had talks with NBA, NFL, MLB in search for strategic partner | C

Climate
Where Heat Waves Lead, Food Inflation Will Follow | W
Heat-Related Illnesses Spike as 100F Temperatures Scorch US South | B