October 19 (Thursday)

Latest Morning Briefing Executive Summary: Bank Earnings, CO2 & The Oceans
Three big banks have produced Q3 earnings surprises, beating consensus expectations and allaying fears about nonperforming real estate loans, declining deposits, and the pace of consumer spending. Jackie summarizes the key takeaways from the conference calls of JPMorgan, Bank of America, and PNC Financial Services, including what proposed Basel III Endgame regulations might mean for each. … And in our Disruptive Technologies segment: The ocean may hold the key to slowing climate change. Researchers in startups and academia are finding ways to ramp up the ocean’s CO2 absorption capacity.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on October 16.

Markets
10-Year U.S. Treasury Yield Tops 4.9% | W
Treasury Market’s New Math Upends Responses to ‘Fog of War’: Surveillance | B
Zinc market shifts to oversupply but where’s the metal? | R

Central banks
Fed Chair Powell to deliver key speech Thursday. Here’s what to expect | C

US
30-year fixed mortgage rate just hit 8% for the first time since 2000 | C
Household Net Worth Surged After the Pandemic Hit | W

China
China Bet It All on Real Estate. Now Its Economy Is Paying the Price. | N

Geopolitics & trade
U.S. Says Intelligence Shows Islamic Jihad Militants Behind Gaza Hospital Blast | W
Biden will seek ‘unprecedented’ Israel aid package | C
Egypt to Allow Aid Into Gaza, Biden Says | B
Israel-Hamas War: India Can’t Float Above Mideast Fray | B

Industries & companies
Airlines: Flight Delays and Other Uncertainties Slow Business Travel’s Rebound | W
Airlines: Delta walks back some changes to Sky Club access, loyalty program | C
Airlines: United Airlines to debut new boarding order to save time | C
Autos: Ford says US fuel economy plan would cause automaker ‘economic hardship’ | R
Media: Disney gives investors a look at ESPN financials | C
Media: Netflix Plans Price Increase as Password-Sharing Crackdown Boosts Subscriber Growth | W
Media: Netflix returns to growth mode | C
Pharma: Pfizer to price Covid drug Paxlovid at $1,390 per course | C

Corporate finance
OpenAI Is in Talks to Sell Shares at an $86 Billion Valuation | B
Universal Music sues Anthropic for copyright infringement over lyrics | C

Beyond markets
New ‘brain atlas’ maps the highly complex organ in dazzling detail | WP