1 September 2016



Today’s Issue Cluster: eTaxis



MAJOR DATA POINTS

US – Aug: ISM slides into contraction territory; 49.4 from 52.6 / MW

US – Q2: Productivity Drop Revised Down; -0.6% was -0.5% / WSJ

US – Q2: Labor costs revised sharply higher; +4.3% was +2.0% / R

US – Jul: Construction spending unchanged; flat from +0.9% / R

US – Week: Jobless Claims Rise Slightly; +2k to 263k / WSJ / B


MARKETS



ECONOMICS

Brazil – Economy Nears Bottom After Shrinking for Six Quarters B *

Brazil – Enthusiastic Investors May Be Overlooking Problems WSJ *

Argentina – Leader tries to buoy up enthusiasm for reforms FT

Puerto Rico – An island’s exodus FT / WSJ * *


POLITICS & FISCAL POLICY

Brazil – Rousseff removed by Senate WSJ / FT / NYT / B * *


MONETARY POLICY



FINANCE



REAL ESTATE



LABOR & EDUCATION



SERVICES



MANUFACTURING



TECH



TRADE & TRANSPORTATION

eTaxi – Google Takes on Uber With New Ride-Share Service WSJ / NYT

eTaxi – Uber Loses $1.2b in First Half of 2016 B / FT / NYT

eTaxi – Uber Is Now the Most Popular Taxi App in 108 Countries B * *

eTaxi – US judge rejects $100m Uber driver settlement FT / NYT / R / B

eTaxi – Taxi lender warns on capital as woes deepen FT / WSJ

eTaxi – Japan taxi industry seeks to navigate new roads FT *

eTaxi – MA to tax ride-hailing apps, give the money to taxis R

eTaxi – Bay Area transit system to subsidize Uber, Lyft rides MN *

eTaxi – Businesses call on London mayor to rethink onerous rules FT

eTaxi – Lyft Is Said to Seek a Buyer, Without Success NYT / R / FT

eTaxi – Grab Is Set to Raise $1b WSJ *

eTaxi – Ola sideswiped as Uber, Didi team up in China R

eTaxi – Ola Lays Off Workers Amid Growing Competition From Uber WSJ

eTaxi – UCAR Steers for Ride-Hailing’s High End WSJ *


COMMODITIES

Copper – Flashing red signals on China FT

Copper – Hedge Funds Bail as Goldman Predicts ‘Supply Storm’ B *

Copper – What do surging LME stocks say about China? r * *

Gold – Set for Rare Losses This Month as Metal’s Popularity Dims B *

Tin – Mystery Myanmar mines shake up world market FT *


ENERGY & ENVIRONMENT



HEALTH

Zika – Millions of bees dead after SC sprays for mosquitoes WaPo

Zika – Potential Therapies Identified by Researchers WSJ

Zika – Singapore identifies 26 more cases FT

Zika – Spreads to Miami Beach R *

Zika – Life goes on in US’s ‘Ground Zero’ as politicians bicker FT *

Zika – China’s Fumigation Rules Raise Worries for Exporters WSJ


ENDNOTE

The Psychology Behind Logo and Color Choice vc *


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