15 January 2016



Today’s Issue Cluster: Rail

Germany – China Woes Send Traders Running From DAX
AVs – Google reveals self-driving car slip-ups
Coal – Obama to Halt New Mining Leases on Public Lands


MAJOR DATA POINTS

US – Dec: Industrial output slumps for third month; -0.4% from -0.9% / R / WSJ

US – Dec: Retail Sales Fell; -0.1% from +0.4% / WSJ / R / AP / FT

US – Dec: Producer Prices Down; -0.2%, core +0.1% / WSJ / R / AP

US – Jan: UMich Consumer Sentiment at Seven-Month High; 93.3 from 92.6 / B


MARKETS

Germany – China Woes Send Traders Running From DAX B * * *


ECONOMICS

Germany – Consumers Spend Like They Haven’t Since 2000 B *

UK – Manufacturing sector in recession FT * * *

Greece – Inflation Returns After Three Years of Falling Prices B *


POLITICS & FISCAL POLICY

Germany – AfD at an all-time high of 11.5% / b *


MONETARY POLICY

ECB – Minutes Divulge Support For Bigger Rate Cut WSJ

ECB – ‘Never have minutes displayed discord so much’ / b *


FINANCE

EU – Why European Banks Must Compete On Wall Street WSJ *


REAL ESTATE



LABOR & EDUCATION

EU – Unemployment rate / motw *


SERVICES



MANUFACTURING

AVs – US Proposes $4b to Encourage Driverless Cars WSJ / FT / R / NYT / R

AVs – Google reveals self-driving car slip-ups AFP / WSJ / LACBS

AVs – Industry contemplates future of driverless, shared vehicles FT * *

AVs – Behind Toyota’s Late Shift Into Self-Driving Cars WSJ * *

AVs – Baidu says to develop self-driving buses within three years R

AVs – US vows ‘nimble, flexible’ approach on rules R

AVs – Google hits out at CA rules FT / WSJ / R / NYT / FT


TECH



TRADE & TRANSPORTATION

Rail – Commodities slide triggers US ‘freight recession’ FT / WSJ * * *

Rail – Oil trains sidelined by deepening slump in US shale FT * *

Rail – Drop Accelerates, Pointing to US Weak Spots B *

Rail – Carloads are looking recessionary B *

Rail – Roads Face Rough Ride This Year WSJ / WSJ / WSJ *

Rail – Mergers could be destructive to shareholders: CSX R / FP / WSJ / FT


COMMODITIES



ENERGY & ENVIRONMENT

Coal – Obama to Halt New Mining Leases on Public Lands NYT

Coal – Arch Files for Bankruptcy WSJ / AP *

Coal – US production falls to lowest level in nearly 30 years AP

Coal – Technology will help bury producers FT

Coal – Low-lying Bangladesh targets jump in use FT

Coal – Downturn Hammers Budgets in WV and WY WSJ *


HEALTH



ENDNOTE

Poverty solved, via Facebook *


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