November 10 (Friday)
Latest Morning Briefing Executive Summary: Global Growth Fears Hit Industrials & Materials
Low hopes for the global economy have been weighing on the share price indexes of the S&P 500 Industrials and Materials sectors, especially this week. Today, Jackie examines some counterintuitive stock price action among select industries and companies within the two sectors. For example, automating factories should be a promising business these days, but investors have punished two players in this space, Emerson and Rockwell, for disappointing recent quarters. Conversely, the S&P 500 Steel industry’s share price index has been performing well despite analysts’ low earnings expectations, lifted by a legal win for continued US tariffs on steel imports and the end of the UAW strike.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on November 6.
Markets
Stocks Snap Winning Streak After Powell Warns Inflation Victory Not Assured | W
Dow Futures Gain, Gloom Stalks European Luxury | W
Back to the future? The new interest rate normal might look a lot like the pre-crash era | The Hill
Your Money Needs to Go on a Vacation | W
Why Are Oil Prices Falling While War Rages in the Middle East? | N
Oil prices slump as fundamentals reassert themselves | R
Central banks
Central banks need a word with budget masters | R
US
When You Give Up on Buying a House, What Do You Do With the Down Payment? | W
How Work From Home Has Reshaped What Americans Buy | W
Joe Manchin: Why I Won’t Be Seeking Re-Election to the Senate | W
Why Third-Party Candidates Threaten Biden in 2024 | W
Europe
Europe Gas: Traders Tap Storage as Cold Snap Arrives | B
As American companies rethink ESG, Europe plans to force it down our throats | Washington Examiner
Japan
Japan Prepares $13 Billion to Support Country’s Chip Sector | B
China
ICBC, the world’s biggest bank, hit by ransomware cyberattack | C
China’s SMIC posts a 80% drop in third-quarter profit | C
India
India’s Factory Output Slows in September on Weak Demand | B
Geopolitics & trade
Israel Races to Root Out Hamas as Calls for Gaza Cease-Fire Mount | W
What the world needs from the Biden-Xi summit amid global chaos | C
China Is Making Too Much Stuff—and Other Countries Are Worried | W
Nvidia will reportedly sell new chips to China that still meet U.S. rules | C
Artificial Intelligence
AI’s Power-Guzzling Habits Drive Search for Alternative Energy Sources | W
Corporate finance
How Risky Is Private Credit? Analysts Are Piecing Together Clues | W
Private Equity, Now Featuring Less Equity | W
Beyond markets
Socially Isolated and Lonely People Are Dying Early | W
