October 18 (Wednesday)
Latest Morning Briefing Executive Summary: Rolling Recovery
The rolling recession that struck goods producers and distributors in early 2021 has ended, and the goods sector is now enjoying a rolling recovery, as stronger-than-expected retail sales and industrial production data attest. Consumers are shopping with gusto and increasingly on stuff; they’re not about to retrench as some hard-landers expect. … Likewise emerging from a recession are S&P 500 companies’ earnings, which may have hit a record high in Q3 along with their revenues. … And: Joe compares how various style indexes have performed since the S&P 500’s July 31 bottom as well as reviews the aggregate S&P 500 earnings data from early reporters and checks in on the MegaCap-8.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on October 16.
Markets
Wall Street’s Latest Obsession Is an Unknowable Number | W
Brent hits $93 as Middle East strife heightens supply concerns | R
Central banks
Why One Fed Official Is Ready to Stop Raising Rates | W
US
Mortgage demand falls to the lowest level since 1995 as interest rates near 8% | C
A Higher Monthly Payment, but Less Square Footage | N
Roaring US economy and foreign murk feeds home bias | R
Health Inflation’s Big Hike This Year, in Charts | W
The economic impact of the ‘golden years’ is just beginning | The Hill
China
China’s Q3 GDP growth shows economic recovery gaining traction | R
China’s Strong GDP Report Shows Housing Remains a Big Problem | B
China’s Economy Gets Boost From Stimulus, but Headwinds Grow | W
China’s Country Garden Was Given a Second Chance to Make a Bond Payment. It Failed. | W
Geopolitics & trade
Israel, Hamas, and 30 Million Barrels of Oil | City Journal
Israel-Hamas War: No One Can Find a Way Out | B
Biden Visits Israel Seeking to Salvage Trip After Deadly Gaza Hospital Blast | B
Biden Backs Israel Over Gaza Hospital Blast | W
Putin praises ‘dear friend’ Xi, pitches Russia’s Northern Sea route | R
Industries & companies
Autos: GM to delay EV truck production at Michigan plant | C
Commercial Real Estate: Prologis Says Industrial-Property Demand Remains Resilient | W
Logistics: Amazon Introducing Warehouse Overhaul With Robotics to Speed Deliveries | W
Media: X Is Testing $1 Annual Fee in New Zealand, Philippines to Fight Spam | W
Pharma: GLP-1 Drug Benefits Like Ozempic Go Beyond Weight Loss | B
Retail: Walmart beefs up online marketplace in Amazon challenge | C
Tech: Apple supplier Foxconn to focus on specialty tech not cutting-edge chips | C
Tech: Foxconn and Nvidia team up to build ‘AI factories’ | R
Corporate finance
Lina Khan’s rise was heralded as an antitrust revolution. Now she has to pull it off | NN
Climate
Stockholm bans diesel and gas cars from driving downtown starting 2025 | C
Shipping: Going green will add to inflation ‘no question’ says CEO | C
