October 31 (Tuesday)

Latest Morning Briefing Executive Summary: Trick Or Treat?
Treat: Consumers’ soaring net worth since the pandemic has reduced their need to save, in our opinion. That might explain why consumer spending has been resilient despite hard-landers’ warnings that households were depleting their excess saving and would have to retrench by now. … Treat: Inflation is still on course to fall to the Fed’s 2.0% target. … Trick: The Treasury might spook investors again on Wednesday when it details its next round of financing needs.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on October 30.

Markets
Markets on board with Fed’s higher for longer policy, CNBC survey | C
U.S. Treasury yields ahead of Fed meeting kick-off | C
How This Year’s Hottest Investment Could End Up Costing You | W

Global
The U.S. and European Economies Are Diverging | W

Central banks
The Fed Can Wait | W

US
U.S. Home Prices Rose to Record in August | W
What the rise of homeowners associations means for Americans | C
62% of Americans live paycheck to paycheck amid inflation | C
Workers Keep Getting Big Raises. That’s an Issue for the Fed | W
Wages boost US labor costs in third quarter | R

China
China’s Economy Shows Fresh Signs of Slowing | W
Evergrande will struggle to revive its debt restructuring plan | R
Tracking the emissions impact of China’s economic recovery | R

Europe
Euro zone inflation and growth fall as ECB hikes bite | R
Eurozone Inflation Drops Sharply Amid Energy Deflation, Economic Contraction | W

Geopolitics & trade
The Latest Tech Caught in the U.S.-China Trade War: Lasers | W
Israel Hits Hamas Tunnels as Ground Offensive Intensifies | W
Democrats Risk Long-Lasting Rift Over Israel-Hamas War | W

Industries & companies
Autos: UAW: Winners and losers of 2023 talks with GM, Ford, Stellantis | C
Autos: Three Young Activists Who Never Worked in an Auto Factory Helped Deliver Huge Win for the UAW | W
Autos: Toyota Aims to Meet Hybrid Demand With New U.S. Plant Investment | W
Commercial Real Estate: The Money Has Stopped Flowing in Commercial Real Estate | W
Energy: Why some ‘clean’ hydrogen hubs in the U.S. plan to use natural gas | C
Tech: Apple announces new M3 chips, cuts price of entry-level MacBook Pro | C
Tech: Microsoft’s Hotly Anticipated Generative AI Work Assistant Set to Debut | W

Corporate finance
Zombie firm bankruptcies amid Fed interest rate hikes | C
US seeks to block JetBlue’s Spirit Airlines deal at trial | R
Why Exxon and Chevron’s Deals Leave Investors Cold | W

Beyond markets
Sam Bankman-Fried has one more shot at avoiding prison as trial wraps | C