November 16 (Thursday)
Latest Morning Briefing Executive Summary: Retailers, Semis & Quantum Computing
With consumers employed and feeling flush, the holiday selling season is starting off well. The recent quarterly earnings reports of a few big retailers were mixed, with TJX reporting good customer traffic while Home Depot and Target beat expectations. … Also: The S&P 500 Semiconductor industry’s price index has nearly doubled this ytd! But while some of its member stocks have posted outsized ytd gains, others have ytd drops. Jackie explores what’s fueling the price action. … And: Quantum computing is advancing by leaps and bounds. So is AI. Combine the two, as some companies are doing, and the innovation potential is astronomical.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on November 13.
Markets
Stocks Continue to Rally, With Investors More Confident in a Soft Landing | W
The market thinks rates will come down a lot. It could be let down | C
Bonds are still good for your retirement and college savings | WT
Boom at last for ‘Big Long’ in bonds | R
Wall Street Loves Washington’s New Debt Approach—for Now | W
Global
The Global Fight Against Inflation Has Turned a Corner | W
US
Joe Manchin Absolutely Considering 2024 Presidential Run, He Says | B
Senate Approves Short-Term Spending Bill as Lawmakers Eschew Shutdown Politics | W
Judge in Trump’s Georgia Case to Bar Release of Sensitive Evidence After Media Leaks | W
Trump requests mistrial in $250 million New York business fraud case | C
US producer prices unexpectedly fall in October | R
US economy cools as retail sales dip, monthly producer prices decline | R
Europe
Germany Cannot Shift Covid Funds to Climate Projects, Court Rules | N
Geopolitics & trade
The Rise and Fall of the U.S.-China Economic Partnership | N
China’s Xi Draws Standing Ovation From U.S. Business Leaders—and Some Doubts | W
Biden-Xi APEC Meeting: Military, Fentanyl, AI on Agenda | B
Biden-Xi APEC Meeting: China Denounces Report That Criticized US-China Relations | B
China objects to US bid for APEC to shift trade and investment principles | R
How US, China are Competing for Influence in Solomons, Pacific Islands | B
Al-Shifa Hospital: Israeli Troops Raid Gaza Hospital in Search of Hamas Militants | W
Why Pentagon spending billions to bring laser weapons to battlefield | C
Industries & companies
Autos: UAW Workers at GM’s Largest Plant Back Labor Pact, Boosting Deal’s Chances | W
Autos: GM-UAW deal back on track for ratification | C
Airlines: Air-Traffic Safety Threatened by Staffing, Funding Woes, Report Says | W
Energy: US Opens Talks With Global Gas Heavyweights on Emission Tracking | B
Retail: Target earnings: CEO says customers thankful for locked items | C
Tech: Microsoft CEO Nadella says company isn’t focused on China domestically | C
Tech: Microsoft reveals Maia AI processor and Cobalt Arm-based chip | C
