11 February 2016



Today’s Issue Cluster: Delivery

US – Builders and Factories Alleviate Recession Fears
Fed – Odds of Rate Cut in ’16 Rise
US – Renters Buying Again as Starter-Home Financing Gets Cheaper


MAJOR DATA POINTS

Week – US: Applications for jobless aid fell; -16k to 269k / AP / B / R / WSJ


MARKETS

US – Is it just growth pains ailing stocks? FT *


ECONOMICS

US – Risk of recession low but rising FT *

US – A Recession Could Arrive Without a Yield Curve Warning WSJ *

US – Big Companies Pull Back After Rough Quarter WSJ *

US – Builders and Factories Alleviate Recession Fears B *


POLITICS & FISCAL POLICY

US – Debt Burden: It’s Gotten a Bit Less Bad WSJ *


MONETARY POLICY

Fed – Flags Risks That Could Delay Rate Increases WSJ / FT / NYT / R / B *

Fed – Signals Path Hinges on Whether Turmoil Persists B *

Fed – Odds of Rate Cut in ’16 Rise B *


FINANCE



REAL ESTATE

US – Renters Buying Again as Starter-Home Financing Gets Cheaper B *

US – Framing Lumber Prices Down Sharply cr *

US – Construction fights to retain foreign-born employees FT *


LABOR & EDUCATION

US – The Thorny Economics of Illegal Immigration WSJ * *


SERVICES



MANUFACTURING



TECH



TRADE & TRANSPORTATION

Delivery – Start-Ups Face Road Bumps to Capture Untapped Market NYT

Delivery – Amazon expands logistics reach in China R

Delivery – Gannett Explores Parcel Business WSJ

Delivery – Uber is destroying the bike messenger Crain’s

Delivery – DHL’s Drone Demonstration Fails to Deliver WSJ *

Delivery – EU Approves FedEx Acquisition of TNT Express WSJ *


COMMODITIES

Sugar – For tax supporters, 2016 may be the sweet spot R

Sugar – Smuggling Into China Stirs Market WSJ


ENERGY & ENVIRONMENT



HEALTH

Insurance – Results on ACA worsened for many last year WSJ *

Insurance – Enrollment growth in Obamacare slower than expected LAT

Insurance – Obamacare markets face fresh troubles FT *

Insurance – Obama Administration Works to Fix Co-Ops WSJ *

Insurance – UnitedHealth Raises Forecast for Losses on ACA Plans WSJ

Insurance – Costs Climbing as More Enroll Past Deadline NYT / WSJ

Insurance – Obamacare Will Probably Cost More in 2017 B


ENDNOTE

A 100m year old coastline has created a blue belt of Southern voters dsn *


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