September 28 (Thursday)

Latest Morning Briefing Executive Summary: Semis, Earnings & Musk’s Robot
A new trend among big tech companies: DIY AI. Amazon, Google, Tesla, Meta, and Microsoft are developing AI chips in house rather than paying up for Nvidia’s products. … Also: Analysts expect much improved earnings growth for S&P 500 companies on the whole next year, but some industries with the strongest projected growth also have stock price indexes in the doghouse this year to date. Jackie points out which. … And: Inside the neural networks of Elon Musk.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on September 26.

Markets
Stock Market Selloff Pauses, Nasdaq Edges Up | W
Morning Bid: Doom loop momentum builds | R
U.S. Treasury yields: investors assess state of the economy | C
Asian stock market is trying European-style trading to reinvent itself | C
U.S. Crude Oil Hits Highs of the Year | W

US
August Home Sales Declined to Slowest Pace Since January | W
Rising Loan Costs Are Hurting Riskier Companies | W
Where Trump, 2024 GOP Candidates Stand on Key Economic Issues Ahead of Debate | B
Inside Vivek Ramaswamy’s Trump-Friendly Presidential Campaign | B
Government Shutdown: Standoff Brings Congress to the Brink | W

China
China Has Second Thoughts About Controlling Prices in Its Multi Trillion-Dollar Housing Market | W
Evergrande and Units Suspend Trading After Founder Put in Police Control | B

Industries & companies
Airlines: Delta CEO says carrier went ‘too far’ in SkyMiles changes, promises modifications after frequent flyer backlash | C
Autos: This Ford vs. GM Feud Could Shape the Future of EVs in America | W
Autos: UAW threatens to expand strikes again at GM, Ford, Stellantis | C
Autos: The UAW Wants Pension Plans Back. Is it a Good Idea? | B
Home Builders: Higher Rates Catch Up With Home-Builder Stocks | W
Pharma: AstraZeneca, Bristol Myers Squibb in Medicare drug price negotiations | C
Tech: Meta CEO Zuckerberg looks to digital assistants, AI to push metaverse | C
Tech: Meta announces new Quest 3 VR headset as Apple competition looms | C

Corporate finance
More CFOs Pull Back Spending Plans Due to Higher Interest Rates | W

Climate
Even Bill Gates is backtracking — the air’s gone out of the climate-crisis balloon | P

Beyond markets
Costco is selling gold bars and they are selling out within hours | C