October 20 (Friday)

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
There’s a Reason This Bull Market Feels So Weird | W
10-year Treasury yield retreats after rising to 5% | C
How Five Investors Win in a World of Higher Interest Rates | W

Central banks
Powell Says Fed ‘Proceeding Carefully,’ Leaves Door Open to Rate Hike | B
Powell Says Strong Economic Data ‘Could Warrant’ Higher Rates | N
Powell says inflation is still too high and lower economic growth is likely needed to bring it down | C
Fed’s Goolsbee Hopeful US Can Avoid Recession Despite Rate Hikes | B

US
Economists Boost US Growth Projections, Reduce Recession Odds | B
Heating Your Home Should Cost Less This Winter—Unless You Live in These States | W

China
China, world’s top graphite producer, to curb exports of key battery material | R
 
Geopolitics & trade
Israel-Hamas War Latest News Updates on October 20: Biden’s Speech, Oil Rises | B
Israel Evacuates City Near Lebanon Border as It Hits Scores of Targets in Gaza | W
China weighs options to blunt U.S. sanctions in a Taiwan conflict | R
US Envoy Nicholas Burns Calls on China to Denounce Hamas | B

Industries & companies
Energy: Solar stocks tumble to 3-year low as Solaredge drops 25% on demand warning | C
Financials: Big banks cut thousands of jobs, more layoffs coming | C
Media: Elon Musk: X, formerly Twitter, to launch two new subscription tiers | C
Pharma: Ozempic Maker is Testing Weight-Loss Drugs For Kids | B
Pharma: Gray Market for Weight Loss Drug Retatrutide Spreads Online Years Ahead of FDA Approvals | W

Artificial Intelligence
Pressure to adopt AI grows for leaders across industries, study finds | C

Climate
China and India struggle to curb fossil fuels | R

Beyond markets
America needs a grand strategy for outer space | The Hill