November 20 (Monday)
Latest Morning Briefing Executive Summary: Thanksgiving
Americans have many blessings to count this week: Real GDP is at a record high; so are real consumption per household, real wages, and household net worth. Thanks to our Founding Fathers, no other country cultivates entrepreneurial capitalism as well as America. … Also: Joe finds that the leadership of the stock market rally has shifted away from large-cap and Growth stocks since last Monday. That follows the script of stock market rallies generally: They get off the ground with the strongest leaders, then broaden out to include other capitalization sizes and investment styles.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on November 13.
Markets
Stock Market Today: OpenAI Upheaval in Focus, Microsoft Stock Edges Higher | W
US 20-Year Yield Falls After $16 Billion Sale: Markets Wrap | B
US
The Hidden Hero Fueling Soft-Landing Hopes: A Boost in Supply | W
Yellen: Food, rent inflation key factors in voters’ negative economic outlook | C
‘Bidenomics’ should take a page from the ‘Clintonomics’ playbook | The Hill
There’s a Singular Fix for Inflation, and It’s All About Standards | FO
The Pay Raise People Say They Need to Be Happy | W
A record number of $50 bills were printed last year. It’s not why you think | NN
India
Indian capital resumes some activities despite hazardous air, river foam | R
Geopolitics & trade
Israeli Military Encircles Another Gaza Hospital, Doctors Say: Latest News | W
China Denies Australia’s Claim That Warship Used Sonar Against Divers | W
US to announce global nuclear fusion strategy at COP28 | R
Industries & companies
Autos: UAW clinches record Detroit deals, turns to organizing Tesla, foreign automakers | R
Autos: Will You Keep Driving When Autonomous Vehicles Are Safer Than Humans? | W
Financials: Citigroup Cuts Over 300 Manager Roles as Part of CEO Fraser’s Restructuring | B
Artificial Intelligence
OpenAI Glitch Shows Weaknesses in Microsoft’s AI Armor | W
Ousted OpenAI head Sam Altman to lead Microsoft’s new AI team | C
Hundreds of OpenAI employees threaten to follow Altman to Microsoft unless board resigns | C
Nvidia Earnings Preview: What Investors Should Expect From the AI Stock Star | W
Beyond markets
Ozempic, Weight-Loss Drugs Make Thanksgiving Less About the Food | B
