November 3 (Friday)
Latest Morning Briefing Executive Summary: Burritos, Stocks & Hydrogen
Packaged and fast food companies keep raising their prices, but consumers at nearly all income levels aren’t blinking at paying more. That was a common theme Jackie heard in the Q3 earnings calls of McDonald’s, Chipotle, and Unilever. … Also: What a difference a date makes! The stock market’s leaders and laggards among sectors over the first seven months of the year—prior to the S&P 500’s July 31 peak—bear little resemblance to those since July 31; former laggards-turned-leaders Health Care and Energy are cases in point … And: The discovery that large stores of pure hydrogen exist in nature holds exciting potential for powering the planet without polluting it.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on October 30.
Markets
Three Concerns Facing Markets: Economy, Government Spending, the Fed | W
US
Jobs report October 2023: U.S. payrolls increased by 150,000 in October, less than expected | C
We have seen (and solved) Bidenomics before | The Hill
Who’s Running for President in 2024? Meet the Candidates | W
200,000 students accepted to college under direct admissions program | C
Europe
Hamburg skyscraper construction halted in grim sign for German property sector | R
India
India’s New Delhi blanketed by toxic haze, world’s most polluted city again | R
Geopolitics & trade
It’s U.S. vs. China in an Increasingly Divided World Economy | W
China, U.S. to Meet for Rare Nuclear Arms-Control Talks | W
China warms to U.S. chipmaker Micron, as tensions with Washington ease | R
Exclusive: South Korea lining up banks to help finance $22 billion arms sale to Poland | R
Is Globalization in Decline? A New Number Contradicts the Consensus | W
Industries & companies
Airlines: The Astrophysicist Who Has a Better Way to Board Airplanes | W
Retail: Shoplifting and retail theft are a problem, and companies are complicit | Vox
Shipping: Shipping giant Maersk announces 10,000 job cuts, warns of volatility | C
Tech: Investors Aren’t Buying Apple’s New iPhone | W
Artificial Intelligence
Biden’s unconstitutional AI order | Washington Examiner
Biden quietly tapped Obama to help shape his AI strategy | C
Is a Rogue AI Company Training Powerful AI on a Barge to Avoid U.S. Regulations? | Vice
Beyond markets
Elon Musk bought Twitter one year ago. Here’s everything he broke there. | Slate
Sam Bankman-Fried found guilty on all seven criminal fraud counts | C
Tesla boss Elon Musk says AI will create situation where no job is needed | C
