August 10 (Thursday)
Latest Morning Briefing Executive Summary: Semis, Ag & FinTech
The semiconductor industry appears to be entering a heyday, with sales rising on m/m and q/q bases, though not yet y/y. Analysts’ estimates have been rising, managements have been upbeat, and investors have bid up the S&P 500 Semiconductor industry’s share price index by 79% ytd. Everyone’s enthused about the potential impact of the AI revolution on chip demand. … At the other end of the spectrum, meat processors such as Tyson Foods are down on their luck, Jackie reports. … And: Traditional banks are getting a run for their money from forays into fintech by Apple, Walmart, and other heavyweights.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on August 7.
Markets
Treasury yields slide after July CPI report | C
Central banks
ECB is on back foot and for once it’s down to Germany | R
Global food
Heat, War and Trade Protections Raise Uncertainty for Food Prices | N
US I
CPI Report Live Updates: Inflation Picks Up to 3.2% | N
Inflation Picks Up but Modest Price Pressures Could Encourage Fed to Hold Rates Steady | W
Inflation, and Housing Costs, Are Set to Turn a Corner | W
Here’s the inflation breakdown for July 2023, in one chart | C
US II
Joe’s Bidenomics victory tour is a bust on Day One | P
5 reasons the American economy is surging under Biden | MSNBC
Is More Job Hopping Among Younger Workers a Good Thing? | N
Hospitals Shutter Maternity Wards Amid Falling Birthrates | W
China
Deflation Becomes a Threat to China’s Economy | N
China Lifts Ban on Group Tours to U.S. and Other Countries, in Boost to Global Travel Industry | W
Geopolitics & trade
U.S. and China Poised to Drift Further Apart After Investment Ban | W
China slams Biden’s order limiting U.S. overseas tech investment | C
Industries & companies
Banks: The regulators’ new bank capital proposal ignores costs to consumers | The Hill
Banks: ‘BRICS bank’ looks to local currencies as Russia sanctions bite | R
Retail: Retailers may be using organized theft to cover up internal flaws | C
Artificial Intelligence
The AI Frenzy Resurrects the Old SoftBank | W
With AI, Hackers Can Simply Talk Computers Into Misbehaving | W
Beyond markets
Colleges Spend Like There’s No Tomorrow. ‘These Places Are Just Devouring Money.’ | W
