September 29 (Friday)
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
The 2023 Stock-Market Rally Sputters in New World of Yield | W
S&P 500, Nasdaq gain as softer PCE data supports rate-pause hopes | R
Bond Yields Up, Stocks Down. But Something’s Missing. | W
Investors Are Learning That Bonds Can Lose Money Too | FO
US equity funds see biggest weekly outflow in three months | R
Central banks
Underlying Prices Cooled in August, Giving the Fed More Evidence of Softer Inflation | W
US
US inflation outlook brightens as underlying price pressures subside | R
Citigroup CEO sees cracks emerging among consumers | C
U.S. Government Shutdown Could Delay Key Economic Data | N
Government shutdown fears grow as House begins vote on spending plan | C
Ray Dalio says the U.S. is going to have a debt crisis | C
Biden administration moves ahead with new plan to cancel student debt | C
China
China’s strong metal imports not as bullish as they seem: Andy Home | R
Geopolitics & trade
U.S.-China Chip War Over Taiwan Nears Moment Of Truth For S&P 500, Nvidia, Apple And The World | IBD
China Blocks Executive at U.S. Firm Kroll From Leaving the Mainland | W
Industries & companies
Airlines: United Airlines Pilots to Get Pay Raise of as Much as 40% | W
Autos: Ford CEO Farley says UAW is holding up talks over EV battery plants | C
Autos: UAW announces new strikes at GM and Ford plants, sparing Stellantis | C
Autos: A big EV purchase decision that’s not about the car model | C
Retail: Toys R Us to open new U.S. stores, and airport and cruise ship shops | C
Corporate finance
Exclusive: Carlyle in exclusive talks for $7 bln-plus Medtronic units deal-sources | R
Beyond markets
How Joe Biden’s Kin Profited Off the Family Name. ‘The Big Guy Is Calling Me.’ | W
Why 3.2 Million Children Probably Aren’t Headed Over a Child-Care Cliff | W
Bus Driver Shortage Forces Schools to Cut Service, Pay Parents to Transport Kids | W
