October 27 (Friday)

Latest Morning Briefing Executive Summary: Consumer Spending, China & Robots
Is the consumer spending pendulum swinging back to bingeing on goods from splurging on services? Jackie sees a few nascent signs pointing to that possibility. … Also: The Chinese government has been trying to pull China’s economy up by its bootstraps with new infrastructure projects, but critics say the initiatives are too small to make much difference. Property developers remain distressed, and economic activity is likely to remain anemic. … And: In our Disruptive Technologies spotlight are humanoid robots. We look at how they’re being deployed today and what they may be used for in the future.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on October 23.

Markets
Global bond rout looks ‘tremendously dangerous’ for stocks, hedge fund manager warns | C

Global
Global business cycle is in transition | R

Central banks
European Central Bank Ends Record Run of Rate Increases | W
BOJ meets as rising yields, inflation test cap | R
Key Fed inflation gauge rose 0.3% as expected in September; spending tops estimate | C
Inflation Trends Likely to Keep Fed Rate-Hike Pause on Track | W

US
U.S. Economy Grew a Strong 4.9%, Driven by Consumer Spree That May Not Last | W
New Speaker Mike Johnson’s To-Do List: A Looming Funding Deadline and Israel, Ukraine Aid | W
Donald Trump’s reign of tariffs  | The Hill
Never Mind the 1%. Mini-Millionaires Are Where Wealth Is Growing Fastest. | W

Geopolitics & trade
U.S. Strikes Syrian Militias as Israel Makes Fresh Incursion Into Gaza | W
China, U.S. Look to a Biden-Xi Summit While Wrestling Tensions | W

Industries & companies
Autos: Ford’s Cost Problem Isn’t Just About EVs | W
Consumer: Amazon Beefs Up Bottom Line as AI Battle Shapes Up | W
Financials: JPMorgan CEO Jamie Dimon to Sell One Million Shares | W
Pharma: Healthcare companies counter investor worries over Wegovy effect | R
Retail: Shein to sell co-branded Forever 21 clothes online | C

Corporate finance
Last resort of bankruptcy is rising for small businesses across U.S. | C

Climate
The Latest On Global Warming Is … There Is No Global Warming | I&I