Anna's Daybreak News

TGIF news fiends! Step into the heartbeat of current events, where we bring you the freshest headlines, dissect the most intriguing stories, and keep you in tune with the ever-changing rhythm of the news. 📰🌟

• The Federal Reserve Bank of Kansas City's annual Jackson Hole conference is back and ready to entertain us


• Fed Chair Jerome Powell will give a keynote address on Friday at 10:05 a.m. New York time.


• Other attendees include ECB President Lagarde, Germany's Nagel, and Bank of Japan's Ueda.


• The current Federal Reserve interest-rate increases may finally be coming to an end, but opinions on how close to the peak the rates are vary.
  
• Philadelphia Fed chief says the current rate is in a “restrictive stance”


• Boston Fed President Susan Collins says “we may need additional increments”


• Collins also says the Fed may be “very near a place where we can hold for a substantial amount of time”


• ECB Governing Council member Nagel is unconvinced it is time for a rate-hike pause


• The Fed is evidently trying to reach the peak of the mountain, but they either have bad vision, or the mountain is much bigger and more complicated than they thought.
Source: Read More

• Disney's stock closed at $82.47, the lowest since October 16, 2014.


• Chief Bob Iger promised a price hike across its streaming properties, more ads, and cost cuts.


• Put options indicate bearish bets with the stock slipping below $80 by mid-September and mid-October, and were among the most actively traded contracts.


• Amazon is currently in talks with Disney to acquire licensing rights for a new streaming version of ESPN.


• The new streaming service is expected to cost between $20 and $35 per month, making it the most expensive streaming service in the US.


• Disney CEO Robert Iger stated earlier this year that the company was looking for help to take ESPN directly to consumers.


• Is the Mouse House crumbling down or will we see a fantasia type comeback?
Source: Read More

• The number of Americans filing new claims for unemployment benefits decreased by 10,000 to a seasonally adjusted 230,000 for the week ended Aug. 19th, despite the Federal Reserve's aggressive interest rate hikes.


• The labor market remains tight as employers hoard workers after struggling to find labor during the COVID-19 pandemic.


• A separate report showed a modest rise in new orders for key U.S.-manufactured capital goods in July.


• Despite higher borrowing costs and fears of recession, consumer spending remains resilient with record single-day air travel, movie ticket sales, and monthly spending numbers that won't break.


• U.S. labor market remains tight, and sentiment remains up - the consumer just won't give in!


• From COVID-19 to a rising Federal Reserve, Uncle Sam still hasn't had enough to break the US job market, and it looks like it won't anytime soon
Source: Read More

• American and British officials suggest the death of Yevgeny Prigozhin was an assassination that may have been approved by Russian President Vladimir Putin.


• The plane which crashed en route from Moscow to St. Petersburg may have been destroyed with a bomb on board, not a surface-to-air missile.


• Vladimir Putin has described the Wagner chief as ‘talented’ but flawed.


• Yesterday, Russian Deputy Minister Yunus-Bek Yevkurov visited Libya to reassure allies that Russian private mercenary group Wagner would still report to a new commander.


• Despite Yevkurov's visit, the future of Wagner's complex and lucrative web of military and commercial operations across Europe, the Middle East, and Africa is uncertain.


• Attempts by Wagner head Yevgeny Prigozhin to bolster the group's presence in Africa are believed to have not been welcomed in Moscow.


• With Prigozhin likely dead, experts believe the Kremlin may create alternative companies to take on Wagner but are unsure if anyone is capable of doing so.


• It looks like the Kremlin is playing a deadly game of Russian Roulette with the target always being its own citizens - and sometimes the rest of the world.
Source : Read More

Baked with love,

Anna Eisenberg ❤️