November 28 (Tuesday)

Latest Morning Briefing Executive Summary: Xi’s New Open-Door Policy
China’s economy is hurting, and the government’s recent attempt to cozy up to the US—on display in President Xi’s recent speech—reflects a dire need for more foreign direct investment. But to get it, the government may need to change its aggressive ways. … China’s consumers are feeling the economic pain firsthand, with declining net worths affecting their spending. Two major crises led China to this juncture, one related to its flailing property market and the other to its aging and shrinking population. … US consumers, on the other hand, are flush with substantial net worth, especially the Baby Boomers.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on November 27.

Markets
The Stocks That AI Mania Left Behind | W
Stocks hold firm as dollar dithers ahead of US data | R

US
U.S. needs ‘bipartisan’ leadership and a ‘strong middle’: Ray Dalio | C
Biden slams corporations over high consumer costs | C
Opinion | Nikki Haley Is Coming for Your Retirement | N

Europe
Europe Is Short of Ammunition at a Bad Time | W

China
China’s Property Lifeline Exposes Banks to Big Losses, Job Cuts | B

India
The Clearest Sign of India’s Very Good Year | W

Geopolitics & trade
Negotiators Press for Long-Term Israel-Hamas Truce | W
Gaza Protests at Colleges Open a Generational Divide | W
The Cost of Doing Business With China? A $40,000 Dinner With Xi Jinping Might Be Just the Start | W

Industries & companies
Aerospace: First long-haul flight fully powered by sustainable aviation fuel takes off | C
Banks: Zions, Comerica, First Horizon: Regional bank takeover risk | C
Media: Disney ‘Wish’ disappoints at the Thanksgiving box office | C
Retail: Shein files for U.S. IPO, looks to expand global reach | C
Tech: Amazon rolls out palm-scanning technology for office workers | C
Tech: Microsoft Needs a Better Seat at OpenAI’s Table | W
 
Climate
What Are the Biggest Fights at COP28 Climate Summit? | B
The Newest Airline Climate Solution? Burying Sawdust | W
Two US projects highlight divide over carbon removal’s role in climate fight | R

Artificial Intelligence
AI threatens wages, not jobs – so far, ECB paper finds | R