Today’s Issue Cluster: US Economy
Drones – Filmmakers to Farmers Seeking Bonanza in Washington
Pipeline – Rocky Road for Canadian Oil
Mining – Platinum: South African police deploy as strike breaks
MAJOR DATA POINTS
Germany – May: ZEW Investor Confidence Falls; 33.1 from 43.2 / WSJ / AP / B*
US – Apr: Retail Sales Slow Sharply; +0.1% from +1.5% / WSJ / AP / B / R / r * *
US – Mar: Businesses boosted stockpiles; +0.4% from +0.5% / AP / r *
US – Apr: Import Prices Down; -0.4%, -0.3% yr / WSJ / r *
US – Apr: NFIB small business confidence back at pre-recession levels; 95.2 from 93.4 / R / r *
MARKETS
Bonds – Unholy EM trinity tempt investors with double-digit returns FT *
Bonds – Demand for long-dated Treasuries defies bearish signals FT *
ECONOMICS
US – Markets Watch, Warily, for a Small Bump in Inflation WSJ *
US – E-Retail Faces Patchwork of State Sales-Tax Laws WSJ *
US – Companies shifting headquarters abroad to protect growing overseas cash piles FT* * *
US – Tax Break ‘Blarney’: Companies Beat the System With Irish Addresses B * *
US – Corporations From GE to Apple Putting $2t to Work B
US – Breaking the Buck on Corporate Cash Piles WSJ *
US – Businesses are being destroyed faster than they’re being created wapo *
US – Job growth at small businesses, 1992–2013 bls *
US – Infrastructure a Broken system FT / FT / FT / FT * * *
US – A Fresh Look at the Building Blocks of Economic Growth wsj * *
US – Takeaways From New GDP-by-Industry Report wsj *
US – Agriculture’s 16% surge boosts US economy FT * * * * *
US – Essentials Getting More Expensive While Toys Getting Cheap a *
US – Median Household Income motw *
POLITICS & FISCAL POLICY
South Africa – Jubilant ANC faces sobering challenge on sick economy FT / WSJ
South Africa – Lack of Opportunity Frustrates Voters WSJ / FT * *
South Africa – ANC: Time to change track? FT * *
South Africa – A better place than in 1994, but it is going in the wrong direction E * * *
MONETARY POLICY
FINANCE
US – Holder Tightens the Squeeze on Banks WSJ / nyt
US – Regulators See Growing Financial Risks Outside Traditional Banks WSJ
US – Why Banks at Wal-Mart Are Among Top Fee Collectors WSJ *
REAL ESTATE
SERVICES
Ads – TV Dollars Slowly Shifting to Web Video WSJ
Ads – Automated Sales Need Work for TV WSJ *
MANUFACTURING
Drones – Filmmakers to Farmers Seeking Bonanza in Washington B *
Drones – FAA, Industry Clash on Rules for Unmanned Aircraft WSJ *
TECH
TV – AT&T Said in Advanced Talks to Buy DirecTV for About $50b FT / WSJ / B
TV – BSkyB’s plan to buy its European namesakes would leave it with a huge amount of debt FT / WSJ / R / FT / FT *
TRADE & TRANSPORTATION
Pipeline – Energy savings bill fails amid election politics FT / NYT / AP *
Pipeline – Ottawa defiant as UN deals blow to Gateway G&M
Pipeline – Rocky Road for Canadian Oil NYT
COMMODITIES
Mining – Platinum: South African police deploy as strike breaks R
Mining – Platinum: In India, Demand Takes Off WSJ *
Mining – Copper: Futures Surge to Two-Month High on China Hopes WSJ
Mining – Nickel: Extends gains on Indonesia export ban FT *
Mining – Indonesia: Gamble on ore export ban starts to hit home FT *
ENERGY & ENVIRONMENT
LABOR & EDUCATION
US – 85% of pensions could fail in 30 years USAT
US – Rahm Emanuel Faces New Test With Chicago Crisis WSJ *
HEALTH
Pharma – Drug output at heart of Pfizer deal debate FT / WSJ / NYT *
Pharma – Allergan warns Valeant bid would hit R&D FT / WSJ *
Pharma – China Scraps Price Caps on Low-Cost Drugs WSJ
ENDNOTES
The NBA Fan Map: Nets do better than Mets; Knicks Worse Than Yankees nyt * * *
