August 18 (Friday)
Latest Morning Briefing Executive Summary: China, Consumers & Alzheimer’s Breakthroughs
China’s property development companies are going bankrupt left and right, with real estate prices tanking and monthly residential property sales their slowest in a decade. What China needs is a US-style restructuring of its real estate market. Jackie surveys the past week’s wreckage. … Also: Consumers these days! They know what they want: Amazon products, Teslas, newly built homes, and travel. Related stocks did the heavy lifting to hoist the S&P 500 Consumer Discretionary stock price index 32% ytd. … And: Can Baby Boomers forget about getting Alzheimer’s? Maybe someday if some of the many ongoing R&D efforts targeting its eradication succeed.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on August 14.
Markets
Stock markets face a ‘perfect storm’ as high rates and China fears bite, analysts warn | C
China Steps Up Efforts to Stabilize Markets as Confidence Slumps | B
ESG Investors Have Ethical Motives. They Also Expect to Outperform the Market. | W
Credit & commodities
Bank of America Warns of ‘5% World’ as Global Bond Yields Rise | B
Wall Street Sees New Short Risk in US 30-Year Treasury Trading | B
Russian Refiners Lift Oil Processing Ahead of Fuel Subsidies Cut | B
Global
China’s economy may create problems for America | The Week
Column: The ultimate 2023 consensus-buster – US grows faster than China? | R
Central banks
Jeremy Grantham Says Federal Reserve Kidding Itself on Achieving a Soft Landing | B
US
America’s Fight Over Tipping at Restaurants Comes to Its Biggest Battleground Yet | W
Opinion | Biden and America’s Big Green Push | N
China
Investors Fear China’s ‘Lehman Moment’ Is Looming | W
China property developer Evergrande files for bankruptcy protection in US | C
China’s Abandoned Electric Cars Pile Up After EV Boom Fueled by Subsidies | B
India
What’s Holding Back India’s Economic Ambitions? | W
Geopolitics & trade
US slaps tariffs on some big solar companies for dodging China duties | R
U.S. Plans New Tariffs on Food-Can Metal From China, Germany and Canada | W
Industries & companies
Autos: What UAW negotiations could cost GM, Ford and Stellantis | C
Autos: Automakers are finally embracing lidar sensors. A few startups look like market-share winners | C
Health Care: Neurological Devices Attract Investors Despite Cautious Venture Market | W
Pharma: The Ozempic Craze Could Put These Companies on a Crash Diet | W
Retail: Walmart and Target earnings and outlook: Key trends for retailers | C
Tech: How Big Tech Broke Smaller-Company Investing | W
Corporate finance
SoftBank Buys Vision Fund’s Stake in Arm at $64 Billion Valuation | W
Beyond markets
Covid: New vaccines will likely protect against Eris variant | C
