August 03 (Thursday)
Latest Morning Briefing Executive Summary: Oil, Cat & Flying Cars
With US economic growth so strong and OPEC so disciplined, oil inventories are rapidly depleting. The surpluses that have tethered global oil prices over the past year will disappear next year as consumption overtakes production, forecasts the EIA. Jackie examines the reasons and the recent performance of the S&P 500 Energy sector and its component industries. … Also: The US economy’s vitality was evident in Caterpillar’s remarkable Q2, a testament to the strength of demand for building new homes, mining minerals, and constructing factories. … And in our Disruptive Technologies segment: Will cars ever fly?
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on July 31.
Markets
Morning Bid: A sea of red, but AAA shock will fade | R
U.S. Downgrade Sparks Selloff in Stocks and Bonds | W
US Treasury Yields Hit 2023 Highs After Fitch Downgrade | B
US I
Fitch’s US Rating Downgrade Spotlights Debt Worry as Recession Fear Fades | B
The Fitch analyst behind the U.S. downgrade breaks down the decision | C
Ex-S&P Analyst David Beers Who Cut US in 2011 Says AAA Is No God-Given Right | B
America’s Fiscal Time Bomb Ticks Even Louder | W
JPMorgan CEO Jamie Dimon calls Fitch U.S. downgrade ‘ridiculous’ | C
Treasury’s Yellen says Fitch downgrade is ‘entirely unwarranted’ | C
US II
Private sector added 324,000 jobs in July, well above expectations, ADP says | C
Yellen: IRS paperless system will cut deficit by $2.6 trillion over 10 years | C
Geopolitics & trade
Analysis: In India, it’s advantage Tesla as Chinese automakers face heat | R
The West Attacked Russia’s Economy. The Result Is Another Stalemate. | W
Industries & companies
Media: Elon Musk tweets, Twitter bots boosted FTX-listed crypto: researchers | C
Media: How ESPN Went From Disney’s Financial Engine to Its Problem | N
Tech: DoorDash Reports Record Delivery Orders In Second Quarter | B
Tech: AMD shares fall as analysts worry AI chip targets may be ambitious | R
Tech: Shopify forecasts solid revenue growth on higher prices, more signups | R
AI
Is AI ready to handle cyber-economic warfare? | The Hill
Beyond markets
On One Texas River, Four Dam Failures Show Harsh Reality of Aging Infrastructure | W
