11 June 2015



Today’s Issue Cluster: Trade

Streaming – No need to be industry number one, says Spotify founder
Pharma – US Shifts Stance on Drug Pricing in Talks
US – Where Did All the Construction Workers Go?


MAJOR DATA POINTS

US – May: Retail data strengthens case for rate rise; +1.2% from +0.2% / FT / WSJ / R / B / cr *

US – May: Import Prices Rise for First Time in Nearly a Year; +1.3%, -9.6% yr / WSJ

US – Week: Jobless Claims Rise; +2k to 279k / WSJ / B / cr *


MARKETS

Bonds – US: Brighter Economy Speeds Flight WSJ *

Bonds – EU: Outsize Bond Swings Shouldn’t Trouble ECB WSJ *

Bonds – Germany: Borrowing costs jump back above 1% FT * *


ECONOMICS

World – Global Growth Forecast Cut to 2.8% WSJ *

World – Developing nation growth slowing FT *

World – Bank urges Fed to wait on rates R *

World – EMs: Trading blow FT * * * * *


POLITICS & FISCAL POLICY



MONETARY POLICY



FINANCE



REAL ESTATE

US – CoreLogic: Loans in Foreclosure Lowest Since 2007 cr *

US – Worker Shortage Hammers Builders WSJ *

US – Where Did All the Construction Workers Go? wsj *

US – Millennials priced out of CA / b *


LABOR & EDUCATION



SERVICES

Streaming – Spotify raises $526m as it braces for costly battle with Apple FT / WSJ

Streaming – No need to be industry number one, says Spotify founder R

Streaming – Having transformed the music business once, Apple is trying to do so again E * *

Streaming – Tencent tries to get people to pay for digital music WSJ *


MANUFACTURING



TECH



TRADE & TRANSPORTATION

TPP – Trade Pacts Face Growing Pushback WSJ / WSJ *

TPP – US labor unions step up attacks on Obama’s trade supporters FT / WSJ *

TPP – Black Caucus Is Wooed for Trade Pact Votes NYT

TPP – Republicans Tie Their Favorite Causes to Agreement NYT

TPP – Obama faces jobs conundrum on global trade FT * *

TTIP – ‘How a Trans-Atlantic Trade Deal Can Still Be Fixed’ S / NYT *

Canada – Renewed push for free-trade by Ottawa, provinces FP


COMMODITIES



ENERGY & ENVIRONMENT

Carbon – EPA Says It Will Set Rules for Airplane Emissions NYT / WSJ / FT

Carbon – Obama Administration Readies Big Push on Climate Change WSJ


HEALTH

Pharma – US Shifts Stance on Drug Pricing in TPP Talks NYT

Pharma – SK pushes to be a force FT * *


ENDNOTE

What the NYC subway map looks like to a disabled person sr *


Comments are closed.