October 21 (Saturday)
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
Dow closes nearly 300 points lower after 10-year Treasury yield tops 5% for the first time since 2007 | C
Bond Market’s Bad Tidings Start to Overwhelm Miracle Stock Rally | B
Buying a burst bubble, bruised bond bulls wince | R
Central banks
Jerome Powell Signals Fed Will Extend Interest-Rate Pause | W
Transcript: Philadelphia Fed President Patrick Harker Discusses the Economic Outlook | W
What Is ‘Normal’ for Interest Rates? | Morningstar
Global
What landing? Global economy’s twin engines rev up | R
US
Home Sales at Lowest Point Since 2010 as High Mortgage Rates Squeeze Market | W
US budget gap soars to $1.7 trillion, largest outside COVID era | R
The Federal Deficit Is Growing. This Is Why. | N
Geopolitics & trade
Gaza Strip Future: US, Israel Weigh a Future Without Hamas | B
Two American Hostages Released as U.S. Pressures Israel to Delay Gaza Invasion | W
Miners race to realise graphite projects as China controls exports | R
Biden seeks $105 billion for Ukraine, Israel, Taiwan, border | C
U.S. and Europe Struggle to Put Trump-Era Tariffs Behind Them | W
Industries & companies
Autos: Tesla stock ends the week down 15%, the worst performance of the year | C
Autos: UAW strikes: Union’s Fain says ‘more to be won’ despite record offers | C
Consumer: Amazon Confronts a New Rival: TikTok | W
