1 August 2014



Today’s Issue Cluster: Cybersecurity

Ukraine – Energy Companies Rethinking Russia After New Round of Sanctions
WTO – Rural votes, old traumas drive India’s WTO brinkmanship
Water – California’s Exceptional Drought Just Keeps Getting Worse


MAJOR DATA POINTS

China – Jul: Official PMI hits 27-month high on strong orders; 51.7 from 51.0 / R / WSJ / B *

US – Jul: Adds jobs as hiring slows; +209k from +288k / FT / NYT / WSJ / B / R / AP *

US – Jul: ISM factory activity expands at fastest pace in 39 months; 57.1 from 55.3 / R *

US – Jul: UMich consumer sentiment dips; 81.8 from 82.0 / R *

US – Jun: Consumer spending up; +0.4% from +0.3% / AP / WSJ / B / R / BEA *


MARKETS

Stocks – US: Bears Who Won Big During Finance Crisis Are Growling Again WSJ

Stocks – Japan: It’s all coming together N *

Stocks – Indonesia: Widodo’s presidential victory halts market rally FT * *

Stocks – Saudi: Catch Rally While You Can B *


ECONOMICS

US – Inventories collapsed in the winter and came back strong in spring wapo * *

US – One Big Factor in the Economic Uptick: Government Spending wsj *

US – Business Puzzle: Record Debt and Record Cash WSJ * *


POLITICS & FISCAL POLICY

Ukraine – EU identifies 5 Russian banks it is sanctioning AP / R / FT / B

Ukraine – Sanctions will damage Russia if not lifted quickly AP

Ukraine – Russian stocks are incredibly cheap FT / q *

Ukraine – Russia Eyes Banning US Chicken And Some EU Fruit B

Ukraine – Energy Companies Rethinking Russia After New Round of Sanctions NYT / WSJ

Ukraine – Already taking toll on western businesses FT / AP / AFP

Ukraine – West’s Sanctions Playbook Faces Challenge With Russia WSJ *


MONETARY POLICY

Fed – Can Remain Patient on Rate-Hike Debate After Data WSJ / R


FINANCE

US – ‘Too Big to Fail’ Report Hedges on Big Banks’ Funding Edge WSJ *

US – Regional Banks Push Congress to Amend ‘Systemically Important’ Tag WSJ *


REAL ESTATE



SERVICES



MANUFACTURING



TECH

Cybersecurity – Smartphones Become Next Frontier WSJ

Cybersecurity – Checking In From Home Leaves Entry for Hackers NYT

Cybersecurity – UglyGorilla Hack of US Utility Exposes Cyberwar Threat B

Cybersecurity – Hacking Into Tomorrow’s Banking Crisis WSJ *

Cybersecurity – Tech groups race to reinvent passwords FT *

Cybersecurity – Corporate Boards Race to Shore Up Protections WSJ

Cybersecurity – Insurers struggle to get grip on burgeoning cyber risk market R

Cybersecurity – US Accuses Chinese Executive of Hacking to Mine Military Data WSJ / NYT / FT / NYT / AP / WSJ

Cybersecurity – Russian Hackers Targeting Oil and Gas Companies NYT / wsj / FT

Cybersecurity – Microsoft says cybercrime bust frees 4.7 million infected PCs R / R

Cybersecurity – Defending the digital frontier E *

Cybersecurity – Attackers have multiplied and become far more professional E *

Cybersecurity – Basic security hygiene goes a long way E / E *

Cybersecurity – Providing incentives for good behaviour E / E *

Cybersecurity – The perils of connected devices E / E *


TRADE & TRANSPORTATION

WTO – Indian objections sink deal FT / WSJ / R / R

WTO – Rural votes, old traumas drive India’s WTO brinkmanship R *


COMMODITIES

Water – Weather experts lower El Niño forecasts FT

Water – California’s Exceptional Drought Just Keeps Getting Worse B / NYT *


ENERGY & ENVIRONMENT



LABOR & EDUCATION



HEALTH

Pharma – Drug pricing: Bitter pill FT * * *

Pharma – Resistance Taking Sting Out of Top Malaria Drug WSJ *

Pharma – Drugmakers juggle non-core assets FT *

Pharma – FedEx charges raise online pharmacy issues AP / WSJ


ENDNOTE

Approval of US Leadership by Country reddit *


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