September 08 (Friday)
Latest Morning Briefing Executive Summary: Oil, China & The Ocean
Oil prices have spurted skyward in recent months and recent days, as intended by the production cuts instituted by Saudi Arabia and Russia. The S&P 500 Energy sector’s share price index has spurted in sympathy, outperforming its counterparts this summer. Jackie looks at the countervailing forces affecting the global oil supply, including Saudi Arabia’s budget pressures and rising US oil production. … Also: China’s economy is not doing well despite the stimulative efforts of its government and default-avoidance efforts of its largest property developer. … And: An update on The Ocean Cleanup’s daunting mission.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on September 5.
Markets
Why stocks could avoid a steep selloff this September | NN
Economic Data Lead Markets and Governments Astray | W
Companies Pay More to Borrow in Record Bond Rush | W
US
The Fall in Home Prices May Already Be Over | W
China
Opinion | The Youth in China Can’t Find Work. That’s a Problem for Xi Jinping. | N
Geopolitics & trade
India Hosts G-20 Summit in Shadow of Geopolitical Rivalries | W
G20 members ‘almost ready’ with leaders’ declaration, India says | R
China Is Flooding the World With Car Exports | N
Why China is turning into a liability for U.S. companies | C
Industries & companies
Autos: BMW, Mercedes, BYD and Porsche: Cars on display at IAA motor show | C
Energy: Chevron Workers Begin Industrial Action at Australian Natural-Gas Plants | W
Manufacturing: Mattel’s Windfall From ‘Barbie’ | N
Pharma: Kroger will pay up to $1.2 billion to settle most nationwide opioid claims | C
Retail: How much shrink and retail theft cost Lowe’s, Target, Macy’s | C
Artificial Intelligence
Companies Look to Squeeze More Power Out of AI Chips | W
Venture Investors Bet AI Can Improve Supply-Chain Management | W
Climate
US Offshore Wind Slammed by Runaway Costs | B
Nearly all world’s population exposed to global warming over June-September, study says | R
Beyond markets
Peter Navarro Convicted of Contempt for Refusing to Speak to Jan. 6 Committee | W
