10 August 2015



Today’s Issue Cluster: US Labor

US – Rents Are Eating Up a Bigger Share of Income
Streaming – Another Pillar of the Bull Market Is Collapsing
Copper – Bears Keep ‘Stranglehold’ on Market as Stockpiles Rise


MAJOR DATA POINTS

China – Jul: Exports Slump; -8.3% from +2.8% / WSJ / R

China – Jul: Consumer Inflation Up Slightly; +1.6% from +1.4% / AP / X *

China – Jul: Factory Prices Weaken Again; -5.4% from -4.8% / WSJ / X *


MARKETS

Currencies – Have Bets Against Aussie Gone Too Far? WSJ

Currencies – How Low Can Malaysia’s Ringgit Go? WSJ / FT *

Currencies – Russian rouble leads EM slide FT *

Currencies – The Devastation For Commodity Countries Is Far From Over B *


ECONOMICS



POLITICS & FISCAL POLICY



MONETARY POLICY

Fed – Job Numbers Keep Rate Hike on Track WSJ / FT / WSJ / FT * *


FINANCE



REAL ESTATE

US – Rents Are Eating Up a Bigger Share of Income wsj * *

US – Farmland Investments Take Root WSJ *


LABOR & EDUCATION

US – Job Market Is Strong, But There’s Still Plenty of Slack wsj *

US – Employers Are About to Slow Hiring B *

US – Job growth shifts away from oil patch R *

US – Survey shows growing shortage of skilled labor R

US – Just How Stagnant Are Wages, Anyway? wsj * *

US – Overtime Rules Seen Boosting Low-Wage Hiring WSJ / WSJ

US – Presidential battle to be waged over pay FT * *

US – Large increases in minimum wage could have severe effects E / e * *

US – Proof of a ‘Gig Economy’ Revolution Is Hard to Find WSJ / AP *

US – Is the ‘Gig Economy’ a Thing? Ask Women wsj *


SERVICES

Streaming – Ad Woes Pummel TV Firms WSJ / FT *

Streaming – Another Pillar of the Bull Market Is Collapsing B *


MANUFACTURING



TECH



TRADE & TRANSPORTATION

Delivery – Shipping Woes Grow at Chicago’s O’Hare Airport WSJ

Delivery – DHL braced for home turf fight with FedEx after TNT deal FT *


COMMODITIES

Steel – Makers Try to Stay Out in Front in Auto Industry WSJ

Steel – Ford Hires Second Supplier for F-150 to Meet Demand WSJ

Copper – Bears Keep ‘Stranglehold’ on Market as Stockpiles Rise B

Gold – More trouble ahead for producers FT / WSJ *

Gold – Crash Costs Russia and China $5.4b B * *

Commods – China Trade Numbers Further Pressure Prices WSJ *

Commods – ‘Time to Buy’ Bn *


ENERGY & ENVIRONMENT

Carbon – Industry, States Set to Fight EPA Rules WSJ *

Carbon – ‘New rules not as bold as they seem’ E *


HEALTH

US – How Identity Theft Sticks You With Hospital Bills WSJ *

US – Spending Growth Jumped to 5.5% in 2014 WSJ / B *


ENDNOTE

Jobs in US cities, mapped in detail wapo * * * *


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