August 11 (Friday)
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
S&P 500, Nasdaq fall as megacaps slide after producer prices data | R
Tech Giants Lead Losses in Stocks as Yields Climb: Markets Wrap | B
AI Stock Mania Triggers Dot-Com Bubble Flashbacks | W
Oil prices could rise further this year, but 2024 demand to slow sharply: IEA | R
Central banks
Cooler July Inflation Opens Door to Fed Pause on Rates | W
Global
Hard Landing Is Here for Trade, Roiling World Export Champs | B
US I
University of Michigan Consumer Sentiment Index: US Inflation Expectations Fall | B
US Producer Prices Rose in July on Strength in Some Services Categories | B
Wholesale prices rose 0.3% in July, higher than expected | C
US Housing Market Recoups $3 Trillion Lost in Recent Slowdown | B
Why Americans are struggling with car loans | C
US II
Will a recession decide the outcome of the 2024 election? | P
Could a Third Party Finally Do It? | W
China
Chinese Property Giant Country Garden Holdings Sends Another Distress Signal | W
Geopolitics & trade
China’s Options for Retaliation Are Few After U.S. Investment Ban | W
U.S. executive order on China shows it’s learning from Russia mistakes | C
Industries & companies
Consumer: Amazon Wants to Deliver Your Order Without a Box, But Neighbors May See Your Snore Strips | W
Consumer: Amazon Cuts Dozens of House Brands as It Battles Costs, Regulators | W
Retail: Organized retail crime: Nine states pass laws to crack down on theft | C
Climate
US awards $1.2 billion to Oxy, Climeworks-led carbon air capture hubs | R
Climate complacency is killing us | The Hill
Beyond markets
Getting Paid Not to Work: Consulting Firms Offer $25,000 Stipend for Start Delay | B
