October 5 (Thursday)
Latest Morning Briefing Executive Summary: Copper, Travel & AI
Investors worried about US inflation might want to take a look at copper prices, which have fallen ytd. Copper faces gleaming long-term fundamentals, with global demand poised to soar as the EV and other electrification markets take off. But the commodity’s recent price action has been dulled by investors’ economic pessimism. … Also: Jackie examines what’s been grounding the stock price indexes of most travel-related industries. … And: AI’s transformative reach extends way beyond OpenAI and Bard. A look at some startups’ popular AI offerings.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on October 2.
Markets
Wall Street opens lower after jobs data | R
Barclays Says Only Stocks Crash Can Rescue Bonds, as Fed Likely Won’t Ease | B
US dollar’s rally supercharged by soaring real yields on Treasuries | R
High Gas Prices Reek of Low Cigarette Sales | W
Peak crude demand is fueling anger and argument in the world of oil | C
Central banks
Bond Selloff Might Force Fed to Rethink Shedding Assets | W
Recession Risk Grows With Surging Bond Yields, Fed Rate Hike in Play | B
We’re on track to whip inflation, so the Fed should leave interest rates alone | The Hill
US I
Is Your Next Mortgage 7% or 8%? Depends If You Shop Around. | W
US weekly jobless claims rise slightly; trade deficit narrows sharply | R
Inflation Is Only Half the Battle for Main Street When Borrowing Costs Surge | B
American Consumers Have Everyone Fooled — Even the Federal Reserve | B
Americans are deep in credit card debt, but Bidenomics threatens to make things even worse | FO
US II
McCarthy Ouster Has Democrats Raising Money Off Republicans in Chaos | B
Nancy Mace Explains Why She Nixed Kevin McCarthy as House Speaker | W
Rising Interest Rates Mean Deficits Finally Matter | W
EV Factory Investment Brings Changes to American Small Towns | B
Geopolitics & trade
Blacklisted Chinese Chip Maker Does a Thriving Business With U.S. | W
Industries & companies
Autos: UAW Strikes Spare Automakers From Financial Pain—for Now | W
Consumer: America’s Food Giants Confront the Ozempic Era | W
Corporate finance
Birkenstock the latest shoe to drop in a tough IPO market | R
Intel to Split Off Specialized Chip Business as CEO Pursues Turnaround | W
Rivian shares sink after EV maker announces $1.5 billion raise | C
Technology
Neuralink rival Precision Neuroscience buys factory in brain implants | C
The Robots are Coming—to Collaborate With You | W
Bill Gates-Backed Startup Launches AI Chatbot for Personalized Movie, Book Picks | W
Smiling Kids, Gorgeous Sunsets: Is It Photo Editing or Just Plain Lying? | W
Cybersecurity
Clorox Reels as Cyberattack Woes Spur Analysts to Sour on Shares | B
