July 28 (Friday)

Latest Morning Briefing Executive Summary: Industrials, Tech & Identifying Humans
US government incentives offered to entice manufacturers to set up shop in the USA have hit their mark: Manufacturers in huge numbers, domestic and foreign, have been revamping their supply chains to relocate their production facilities to the US. It’s not always easy, as Jackie explains. But the boost to US economic activity is quantifiable and growing. … Also: AI is here, but all the ways it may disrupt markets are still unknown; will it dislodge the leaders in search and office software, Alphabet and Microsoft? … And: The dilemma of how to tell whether online content was human- or AI-generated has a solution, says one father of AI, involving eyeballs, orbs, and Worldcoin.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on July 24.

Central banks
Key Fed inflation rate falls to lowest annual level in nearly 2 years | C
Wage Growth and Inflation Ease as Fed Considers Next Move | W
Why We See Interest Rates Falling Drastically in 2024 | Morningstar
Bank of Japan loosen’s YCC, cites ‘greater flexibility’ and jolts markets | C
Bank of Japan Loosens Grip on Market, Lets Yields Jump to 9-Year High | W
Bernanke Tapped to Find Out Why U.K. Central Bank Misjudged Inflation | W

US
US annual inflation slows in June; labor costs cool in second quarter | R
GDP Report Shows U.S. Economy Grew 2.4% in Second Quarter | W
Soft Landing Optimism Is Everywhere. That’s Happened Before. | N
KPMG offers teens paid internships to boost interest in accounting | C

China
Fewer countries see China as the world’s top economic power | QZ

India
Exclusive: India regulator seeks curbs to limit retail investors’ derivatives risk | R

Geopolitics & trade
Column: China hugely boosts crude stockpiling on cheap Russian oil | R
Column: LME’s Russian aluminium dilemma set to become more acute | R
Europe Avoids China’s Belt and Road Forum, Keeping a Distance From Xi and Putin | W
What Qin Gang’s disappearance means for U.S.-China relations | C

Industries & companies
Autos: View shift to zero-emission mobility as a marathon: Mercedes-Benz CEO | C
Financials: An Exodus of Talent Is Imperiling Goldman’s Overhaul | W
Retail: Inside Walmart’s Warehouse of the Future | W
Tech: How the world went from a semiconductor shortage to a major glut | C
Tech: Elizabeth Warren and Lindsey Graham Will Break the Internet | Reason

Technology
Google’s builds A.I. into robots to teach them to throw out the trash | C
SpaceX was close to breaking NASA Gemini record with Falcon launches | C

Corporate finance
Biogen to buy Reata for $6.5 billion to bulk up rare disease portfolio | C

Climate
‘I Don’t Want to Be Here Anymore.’ The Economic Cost of Houston’s Heat. | W
Biden’s Department of Energy will loan out billions for energy infrastructure reinvestment | Vox