September 01 (Friday)

Latest Morning Briefing Executive Summary: Hooray! The Job Market Is Rebalancing
The stock market has proven resilient so far this week, rallying despite the Fed chair’s hawkish speech Friday. Several tailwinds have helped: The JOLTs report on Tuesday suggested the labor market is rebalancing, upping the odds that the Fed is done tightening. Joe’s data show that analysts have been raising earnings estimates in recent weeks for all future periods they forecast and that more companies’ outlooks have improved over the past three months than was true at the data’s recent low point last year. The rolling recession in goods-related industries looks poised for a rolling recovery soon. … Also: Loan growth has been falling in the US and Europe, but the US economy remains resilient.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on August 27.

Markets
The Generational Paradigm Shift Taking Over Markets | W
U.S. Treasury yields fall after unemployment rate ticks higher | C

Central banks
Rates Are Up. We’re Just Starting to Feel the Heat. | W

US I
US Payrolls Rise by More Than Forecast While Wage Growth Cools | B
Job Gains Eased in Summer Months, Unemployment Increased in August | W
Nursing Homes Must Boost Staffing Under First-Ever National Standards | W

US II
Credit card debt rises above $1 trillion | The Week
Why Are US Gas Prices Going Up? When Will Gasoline Fall? | B
Inflation is rising again, and Bidenomics is still to blame | P
White House asks Congress for short-term funding to avoid shutdown | C

Europe
From war bunker to penthouse to market flop: how Germany’s property boom ended | R

China
How China’s Economic Slowdown Will Impact Its Rise to Top Economy | B
China Stimulus Aims to Boost Fragile Economy, Yuan | B
Is China’s economy a ‘ticking time bomb’? | BBC

Geopolitics & trade
Ukraine turns the tables on Moscow as drone attacks increase | C
China says the best way to ‘de-risk’ is to restore stability with the U.S. | C
Has Huawei overcome U.S. sanctions by developing its own 5G chip? | R

Industries & companies
Pharma: Cost of Ozempic, Mounjaro Push Some to Take Second Jobs, Pile on Credit Card Debt for Weight-Loss | W

Corporate finance
FTC allows Amgen Horizon Therapeutics deal to move forward | C

Technology
Musk’s X to collect biometric information and employment data | C
More companies see ChatGPT training as a hot job perk for office workers | C
Tech investors bet AI finally poised to transform health care | B
Companies Will Use Generative AI. But Will They Tell You About It? | W
 
Beyond markets
Taylor Swift ‘Eras Tour’ Concert Film Is Coming to North American Movie Theaters | W