1 May 2014



Today’s Issue Cluster: Ukraine Crisis

Fed – ‘Falling Short By Its Own Yardstick’
Trucks – China’s 24m Car Market Spurs Investment
Cloud – Google, Amazon and Microsoft’s Costly Spending War


MAJOR DATA POINTS

China – Apr: Official Manufacturing PMI Inches Up; 50.4 from 50.3 / WSJ / R / AP / b / b * *

SK – Apr: Exports Grow Faster Than Expected; +9% yr / WSJ *

US – Mar: Consumer Spending Jumps by Most in Five Years; +0.9% from +0.5% / B / R / AP / WSJ / r *

US – Week: Jobless Claims Unexpectedly Climb to Nine-Week High; +14k TO 344k / B / AP / WSJ *

US – Apr: ISM manufacturing growth accelerates; 54.9 from 53.7 / R / WSJ / r *

US – Apr: Markit factory activity growth slows slightly; 55.4 from 55.5 / R / m / r * *

US – Mar: Construction spending rises; +0.2% from -0.2% / AP / R / r *


MARKETS

Stocks – Dow Closes at a Record WSJ *

Stocks – Wall St weighs ‘sell in May and go away’ FT *


ECONOMICS

China – Rejects sign it may soon be #1 economy AP / B / e wsj / wapo * * *

China – EU: Actually, We’re #1 / eu *

China – Bloated Local GDP Numbers Go on a Diet wsj *

China – Plans Measures to Boost Trade After Unexpected Drop B

China – No kick-start coming for stalled growth engine FT *


POLITICS & FISCAL POLICY

Ukraine – East Unravels as Pro-Russia Militants Widen Fight B

Ukraine – Pro-Russian Separatists in East Seek Legitimacy Through Referendum WSJ

Ukraine – IMF says Russian economy already in recession AP / FT / WSJ

Ukraine – Russia’s Aerospace Industry Faces Squeeze Over Sanctions WSJ

Ukraine – Crisis could halt Europe’s defense downturn: Airbus CEO R

Ukraine – Some US companies starting to feel pain R

Ukraine – Norway oil fund loses on Russia government bond holdings FT

Ukraine – Crisis A Tightrope Walk for German Businesses S

Ukraine – French Banks Play Russian Roulette cfr *


MONETARY POLICY

Fed – To Keep Trimming Stimulus FT / WSJAP / R / NYT / B / WSJ *

Fed – ‘Falling Short By Its Own Yardstick’ nyt * *


FINANCE



REAL ESTATE

Canada – What Google searches reveal about housing market G&M *


SERVICES

Tourism – Chinese Boost Bets on Australian Tourism WSJ *

Tourism – Chinese Tourists are spending a lot / E *


MANUFACTURING

Trucks – China’s 24m Car Market Spurs Investment B

Machinery – China’s Construction Cracks Run Deeper for Zoomlion and Sany WSJ *


TECH

Cloud – Hewlett-Packard, Foxconn Launch Joint Server Venture WSJ

Cloud – Microsoft Targets Box, Dropbox wsj

Cloud – Google: Weapon of Choice WSJ *

Cloud – Google is waging a financial war of attrition q *

Cloud – Google, Amazon and Microsoft’s Costly Spending War wsj *


TRADE & TRANSPORTATION



COMMODITIES

Weeds – Dow Chemical Gets Preliminary US Nod for New Weedkiller WSJ

Weeds – Farmers Widen Their Arsenal of Herbicides WSJ *


ENERGY & ENVIRONMENT

Pollution – Plagues China’s coastal waters FT

Pollution – A shift in the wind in China FT * * *


LABOR & EDUCATION

PubEd – Congress Is Going Back to School WSJ *

PubEd – Charter-School Fight Flares Up in Illinois WSJ *


HEALTH



ENDNOTES

Political Preferences on Social Media Sites nyt *

Twitter politically polarized pew / q *


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