Bz Nwz




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Today’s Issue Cluster: US Real Estate

Ukraine – Russian Reliance on Chinese Loans May Blunt Sanctions’ Impact
Chikungunya – Threat rises in US from mosquito-borne virus
EU – Germany Caught Off Guard By Surge in Refugees



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MAJOR DATA POINTS

US – Jun: ConfBd leading indicators rose; +0.3% from +0.7% / AP

US – Jul: UMich consumer sentiment dips in preliminary reading; 81.3 from 82.5 / R / cr *



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MARKETS




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ECONOMICS




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POLITICS & FISCAL POLICY

Ukraine – US uses capital markets sanctions to cut deep into Russian economy FT * * *

Ukraine – Russian Reliance on Chinese Loans May Blunt Sanctions’ Impact NYT

Ukraine – Russia sanctions: perfect timing FT / FT *

Ukraine – US Business Groups Fear Russian Reprisal WSJ



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MONETARY POLICY




---

FINANCE

US – Bank Lending Accelerates After Slump WSJ *

US – A Difficult Quarter Again Seen for Banks WSJ *



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REAL ESTATE

US – Blame It on the Rain: Slump in Housing Starts Driven by Record Drop in the South WSJ * *

US – Bargain-Hunting Investors Are Spurring Surge in Home Prices NYT

US – Forecast Says Home Prices Are Overvalued, Will Peak In 2016 wsj * *

US – More Homeowners Are Tapping Their Home Equity WSJ *

US – Downside of low mortgage rates? Less selling AP

US – All in the Family Home: Record 57m Living in Multi-Generational Households wsj *

US – Homeownership Rate for Millennials Has Hit Bottom wsj * *

US – China Fuels Surge in Foreign Purchases of Housing WSJ / wsj / 538 * * * * *

US – Retail Rents on Rise as Space at a Premium WSJ *

US – Reis: Strip Mall Vacancy Rate declined slightly cr *

US – Reis: Apartment Vacancy Rate unchanged cr *

US – Axiometrics: Apartment market just had its best quarter since 2001 bi *



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SERVICES

Ads – Google searches out new forms for sales jump FT / WSJ / NYT *

Ads – Yahoo Prices: ‘Something Went Dramatically Wrong’ WSJ / NYT / wsj *

Ads – Fraud lurks in shadows of changing digital advertising landscape FT * * *



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MANUFACTURING

Defense – Philippines Military Goes on Shopping Spree WSJ *

Defense – Life is likely to keep getting harder for makers of military equipment E * *



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TECH

Microsoft – Sheds 18k jobs FT / WSJ / NYT / AP / R / B / FT / WSJ / q * * * * *

Foxconn – Struggles to adjust to China’s changing labor landscape FT * * *

Twitter – Tries to Resize Itself WSJ *



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TRADE & TRANSPORTATION




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COMMODITIES




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ENERGY & ENVIRONMENT

Carbon – Australia Becomes First Developed Nation to Repeal Tax WSJ / FT / AP / R / NYT / ABC / SMH * *



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LABOR & EDUCATION

US – Immigration: Life on the line FT * *

EU – Germany Caught Off Guard By Surge in Refugees S / S *



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HEALTH

Chikungunya – Threat rises in US from mosquito-borne virus R



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ENDNOTE

Battle of the Tricolor: Horizontal vs. Vertical Flags reddit / motw *



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Today’s Issue Cluster: Nuclear

Ukraine – Russia’s Retaliation Over EU Deal Awaits Moldova
China – June Home Sales Rise 33% as Price Cuts Lure Buyers
Metals – Waste: Southeast Asian firms mine riches



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MAJOR DATA POINTS

EZ – Jun: Inflation unchanged at low levels as expected; +0.1%, +0.5% yr / R *

US – Week: Jobless Claims Unexpectedly Decreased; -3k to 302k / WSJ / AP / R / B

US – Jun: Home construction drops; -9.3% from -7.3% / WSJ / R / B / AP * *



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MARKETS

Bonds – Cautious banking drives growth FT *

Bonds – JGB rally bodes ill for a resurgent economy FT / WSJ * *

Bonds – China Plays a Big Role as US Treasury Yields Fall WSJ *



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ECONOMICS

Russia – Retail Sales Grow Slowest Since 2010 on Sanctions B

Russia – Euro-Zone Trade Down Sharply WSJ

Russia – Wooing China runs into local difficulty in far east FT * *

Russia – Losing battle with stagflation q *



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POLITICS & FISCAL POLICY

Ukraine – US sanctions target major Russian companies FT / WSJ / NYT / AP / R / B

Ukraine – EU Readies Russia Sanctions WSJ / AP / B

Ukraine – Russian Markets Hit by Fresh Sanctions WSJ / AP / AP / B / AP

Ukraine – Russia’s Retaliation Over EU Deal Awaits Moldova MT



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MONETARY POLICY




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FINANCE




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REAL ESTATE

China – June Home Sales Rise 33% as Price Cuts Lure Buyers B

China – Housing Sales Fall in First Half of 2014 WSJ *

China – Property Looms Over Target WSJ *

China – Profit warnings highlight property threat FT

China – World’s ‘tallest’ tower now a watermelon field CD *



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SERVICES

Media – Time Warner Rejects $80b Offer From Fox WSJ / FT / NYT / R / B * * * *

Media – Fox Sets stage for dramatic scene change FT / NYT / R / WSJ / FT *

Media – Fox Move Signals M&A Time WSJ / nyt *

Media – TV, Film Producers Seek Profits In Streaming Niches IBD

Media – Battle for the Bigger Screen NYT



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MANUFACTURING




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TECH




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TRADE & TRANSPORTATION

Ship – US port strike fears hit supply chains FT

Ship – Great Lakes industry to inject $500m into infrastructure G&M *



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COMMODITIES

Metals – Palladium: Buys Most Gold Since ’04 on Shortage B *

Metals – Gold: Time called on the London fix FT / WSJ

Metals – Gold: Global appeal / N *

Metals – Silver: New price is ‘improvement’ on fix FT *

Metals – Waste: Southeast Asian firms mine riches N *



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ENERGY & ENVIRONMENT

Nuclear – Japan: Two Reactors Gain Safety Clearance FT / WSJ / AP

Nuclear – Japan: Tries Ice Wall to Stem Radiation WSJ / AFP * *

Nuclear – Japan: Costs mount for idled reactors R / FT / B *

Nuclear – Japan: ‘Ring of Fire’ volcano risk the last obstacle R / r * *

Nuclear – China: Industry needs public support to expand FT / B / CD *

Nuclear – China: Project points way ahead for EPR technology FT

Nuclear – Europe: Sector looks worldwide to keep skills sharp FT / am *

Nuclear – Germany: Utilities Look to Taxpayers S / FT *

Nuclear – France: To set nuclear power cap FT *

Nuclear – US: Industry Gains Carbon-Focused Allies in Push to Save Reactors NYT

Nuclear – US: Plants prepare long-term waste storage AP

Nuclear – Canada: The made isotope shortage facing medical scans CBC

Nuclear – World: ‘Uranium price collapse has made miners radioactive’ q * *

Nuclear – World: Thorium may soon contribute to the world’s electricity E

Nuclear – World: Tiny power plants hold promise AP

Nuclear – World: Researchers find advantages in floating power stations E *

Nuclear – World: The nuclear planet / N *

Nuclear – World: Power plants map / motw *



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LABOR & EDUCATION




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HEALTH




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ENDNOTE

Gini Coefficiency of the US States reddit *



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Today’s Issue Cluster: Oil

Cigs – US tobacco’s future emerges through the vapor
Appliances – China’s market running out of steam
Ebola – Fear, cash shortages hinder fight against outbreak



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MAJOR DATA POINTS

China – Q2: GDP Ticks Up; +7.5% from +7.4% / WSJ / R / B / NYT / FT / AP *

US – Jun: Producer prices rise more than expected; +0.4% from -0.2% / R / AP / B / WSJ

US – Jun: Industrial production edges higher; +0.2% from +0.5% / R / AP / WSJ / B / cr *

US – Jul: NAHB Home-Builder Optimism Hits 6-Month High; 53 from 49 / WSJ / AP *



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MARKETS

EMs – Central banks rebuild hard currency reserves FT / R * * * *



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ECONOMICS




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POLITICS & FISCAL POLICY

US – CBO Sees Medicare’s Financial Picture Improving WSJ * *

US – Medicare Payments to Individual Providers Per Enrollee / B *



---

MONETARY POLICY

Fed – Yellen Says Weak Job Market Shows Economy Still Needs Stimulus WSJ / R / B / AP / NYT / wsj *

Fed – Yellen is redefining the Federal Reserve NYer / bi * *



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FINANCE

BRICs – Brazil Hosts Talks On New Development Bank WSJ / WSJ / AP / B / R / NYT * * *



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REAL ESTATE




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SERVICES

Cigs – Reynolds American to Buy Lorillard for $25b WSJ / FT / NYT *

Cigs – America’s Smokers: Still 40m Strong WSJ *

Cigs – US tobacco’s future emerges through the vapor FT / NYT * *



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MANUFACTURING

Appliances – Whirlpool Expands Its Presence in Europe WSJ

Appliances – China’s market running out of steam N



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TECH




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TRADE & TRANSPORTATION

WTO – US loses case against China and India FT

WTO – India threatens deal over food security dispute FT

TPP – Japan says talks agree broadly on labor, health issues R / NYT

TTIP – US and EU unions criticise transatlantic trade deal FT / NYT



---

COMMODITIES

Metals – Steel: Beijing Fights Losing Battle to Rein In Factory Production WSJ * *

Metals – Nickel: Miners Emerge From Slump WSJ *



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ENERGY & ENVIRONMENT

Oil – US: Shale revolution has averted the threat of a global crisis FT * * * *

Oil – US: The Fight to Export BW * *

Oil – US: ‘Shale Boom fizzling out?’ N

Oil – US: Shale Seen Shifting Flows at America’s Biggest Oil Port B

Oil – US: Tankers caught in cross-currents of changing flows FP

Oil – Canada: Booming US output elbowing out Alberta’s crude FP

Oil – Iran: Exports Dropped to Lowest Level Since October WSJ

Oil – Iraq: Kurds take over 2 northern fields AP / WSJ / N * * *

Oil – Libya: Cracks Start Showing in Recovery WSJ

Oil – UK: Watchdog cuts North Sea forecast FT *

Oil – UK: Companies welcome North Sea tax review FT * * *

Oil – Norway: Arctic prospects lure explorers FT / FT *



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LABOR & EDUCATION

Pensions – Japan’s Private Funds Eye Riskier Assets WSJ * *

Pensions – Detroit Rolls Out New Model: A Hybrid Plan NYT

Pensions – Illinois fund lowers investment return rate R *

Pensions – OECD spending projections show consolidation needed / b *



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HEALTH

Ebola – Crisis in West Africa deepens NYT / AP

Ebola – Fear, cash shortages hinder fight against outbreak R / AFP *

Ebola – Hemorrhagic Fever Outbreak / CDC *



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ENDNOTE

General naming formats/customs across Eurasia and North Africa motw *



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Today’s Issue Cluster: Aviation

China – Bank loans beat expectations as Beijing steps on the gas
Retail – Higher Prices on Staples Could Crimp Back-to-School Shopping
Water – A California Oil Field Yields Another Prized Commodity



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MAJOR DATA POINTS

Germany – Jun: ZEW Investor Confidence Drops for Seventh Month; 27.1 from 29.8 / B / AP / b *

US – Jun: Retail Sales Rise Modestly; +0.2% from +0.5% / WSJ / R / AP / cr *



---

MARKETS

M&A – Race to Cut Taxes Fuels Urge to Merge WSJ / FT / NYT * *



---

ECONOMICS

China – Bank loans beat expectations as Beijing steps on the gas R / WSJ / b *

China – Exports May Have (Gently) Turned a Corner wsj * *

China – 2013 exaggeration export trend tough to read; N. Asia sales weak b *

China – Promising signals of economic health FT *

China – Local Governments Pile On Stimulus B

China – ‘Downward pressure burdens economy’ X

China – ‘Impact beyond commodities’ CD *

China – Xi’s anti-graft drive threatens to stifle growth N *

China – Corruption conundrum – high corruption co-exists with high growth / b *



---

POLITICS & FISCAL POLICY

China – Asian Nations’ Fears of War Elevated as Beijing Flexes Muscle WSJ *

China – Hoping to project power, Beijing finds itself alone AP *



---

MONETARY POLICY

ECB – Debt Purchases Within Mandate, Draghi Says WSJ / ft / B / NYT / R / AP



---

FINANCE




---

REAL ESTATE

EU – Property IPOs reach 8-year high FT / FT * * * *



---

SERVICES

Retail – Higher Prices on Staples Could Crimp Back-to-School Shopping wsj *

Retail – Slowing Customer Traffic Worries US Stores WSJ *

Retail – Investors have fled, creating an opportunity Bn * *



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MANUFACTURING

Planes – Market: No End to Jetliner Boom, Says Boeing WSJ / NYT / R / R *

Planes – Market: Boeing and Airbus Dominate Skies as Air Show Looms WSJ / R / WSJ

Planes – Wide: Plane Makers’ Sweet Spot: Bigger, but Not Too Big WSJ

Planes – A320: Airbus to Deliver Neo Jets With Improved Engines WSJ

Planes – A330: Airbus undercuts Boeing with price FT / WSJ / FT / AP / R / NYT

Planes – 737: Adds Seats to Boost Low-Cost Carrier Appeal WSJ / B

Planes – 787: Boeing Says Reliability of Dreamliner Is Still Falling Short WSJ

Planes – Boeing: Reshapes military strategy in the face of US defense cuts FT

Planes – Embraer: In Talks to Sell 60 Planes to Chinese Airlines WSJ / R / WSJ

Planes – Bombardier: Says firmer economy to boost deliveries R / R

Planes – Drones: Washington May Ease Export Controls on Military Models WSJ

Planes – Zeppelins: Giants of the Skies Return WSJ *



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TECH




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TRADE & TRANSPORTATION

Air – Asian Budget Lines Add Long-Distance Service WSJ *

Air – Weaker Yuan Creates Rough Weather for China’s Lines WSJ *

Air – Middle East, Asia airports jockeying for status of global hub N *

Air – Heathrow boss expansive on hub’s third runway FT *

Air – UK airport review: are hubs the future or not? E *

Air – Berlin’s Ill-Fated Airport Faces Insolvency S *



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COMMODITIES

Water – California Expected to Set Mandatory Curbs WSJ *

Water – A California Oil Field Yields Another Prized Commodity NYT *

Water – More people, antiquated irrigation mean rising food imports for Egypt R / r *

Water – Scarcity’s cost to companies FT * * *



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ENERGY & ENVIRONMENT

Coal – Miners Struggle as China’s Appetite Eases WSJ *

Coal – Japan at cutting edge of turning energy more green N * * *



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LABOR & EDUCATION




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HEALTH




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ENDNOTE

Airbus wants to patent a way to guarantee you even less legroom q *



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Today’s Issue Cluster: India

Ship – Petro-pirates plague busy Southeast Asia lanes
Metals – Steel: Cars Shift Use in China
Cigs – A Tobacco CEO Who ‘Vapes’ Could Alter the Industry



---

MAJOR DATA POINTS

EZ – May: Industrial production stumbles, recovery still frail; -1.1% from +0.7% / R / NYT / WSJ / eu *



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MARKETS




---

ECONOMICS

India – Promises to Lift Economic Growth With New Budget WSJ / FT / NYT / AP / B / FT * * *

India – Capital-Raising Is Poised to Rise WSJ *

India – Expects Narendra Modi-inspired equity spree FT *

India – Bulls charge ahead on reform hopes FT * * *

India – Modi prepares to raise FDI limits FT / FT * *

India – Launches Chinese-style economic revival plan FT

India – Clash of the titans with China FT *

India – Modi eyes first labor overhaul in decades to create jobs R * *



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POLITICS & FISCAL POLICY

EU – Italy accused of blocking tougher sanctions on Russia FT

EU – How Italy became a submerging economy R

EU – Italy’s Would-be Savior of Europe Has Much to Do at Home WSJ *



---

MONETARY POLICY

Fed – Rate Debate Heats Up Among Officials WSJ

Fed – Explores overhaul of key rate FT / FT *

Fed – Rising bond yields point to rate rises FT * *

Fed – House Republicans Resume Push to Rein In Bank NYT

Fed – Yellen vs. Bullard on Wages and Inflation: Who Is Right? cfr *



---

FINANCE

Malaysia – Analysts query logic of three-way bank merger FT / WSJ / B / R / FT / FT



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REAL ESTATE




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SERVICES

Cigs – Reynolds American, Lorillard Confirm Merger Talks WSJ / NYT / FT / FT / R * * * * *

Cigs – A Tobacco CEO Who ‘Vapes’ Could Alter the Industry WSJ

Pot – Colorado market shows a bigger high than expected FT / 538 *

Pot – The great experiment E * * *



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MANUFACTURING

Turbines – Makers adapt to winds of change FT * *



---

TECH

Mobiles – China Labels iPhone a Security Threat WSJ *

Mobiles – Apple calls Samsung’s bluff: Bet on high ground pays off FT / NYT



---

TRADE & TRANSPORTATION

Ship – Maersk forms new alliance with MSC after Chinese setback FT / WSJ *

Ship – Natural Gas Demand, Asia Drive Stocks Higher IBD

Ship – Petro-pirates plague busy Southeast Asia lanes R *



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COMMODITIES

Metals – Base: Return to investors’ radar FT

Metals – Gold and silver hit three-month highs FT *

Metals – Copper: On the rebound as sentiment shifts FT * * *

Metals – Vanadium: Miner Puts Pedal to the Metal WSJ / FT *

Metals – Palladium: Rises to 13-Year High on Expectations of Low Supplies WSJ

Metals – Iron: Australia’s big three miners look to tighten their grip FT *

Metals – Steel: Slaps Tariffs on Korean Pipe WSJ / NYT / B

Metals – Steel: Is Korean Product Really Chinese? WSJ *

Metals – Steel: Cars Shift Use in China B *

Metals – Aluminum: Hopes of China sector may ride on new equipment CD *

Diamonds – Regain Their Sparkle on Rising Demand and Prices WSJ / r * *



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ENERGY & ENVIRONMENT




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LABOR & EDUCATION




---

HEALTH




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ENDNOTE

Making a living mining … on West 47th dm * *



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Today’s Issue Cluster: Natural Gas

UK – As Britons embrace digital banking, more branches face the chop
Air – Fewer Cargo Planes, More Cargo in Passenger Planes
Hospitals – Race Is On to Profit From Rise of Urgent Care



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MAJOR DATA POINTS

China – Jun: Exports Rise; +7.2% from +7.0% / WSJ / B / R *

Japan – May: Machinery Orders Plunge; -19.5% mo / WSJ / R / FT

US – May: Wholesale inventories rise, point to rebound in second-quarter GDP; +0.5% / R / AP *

US – Week: Jobless Claims Fall; -11k to 304k / WSJ / B / R / AP *



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MARKETS

Currencies – Reserves Swell in Asia WSJ *



---

ECONOMICS

Developing World – Blazes trail for 2.5b with no banking access FT * * *



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POLITICS & FISCAL POLICY

Indonesia – Widodo Claims Victory, Subianto Won’t Concede WSJ *

Indonesia – Central Bank Takes Lead on Economy Amid Vote Count B

Indonesia – At Economic Crossroads WSJ *



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MONETARY POLICY

Fed – Sets October End for Bond Buying WSJ / FT / NYT / R / AP / B *

Fed – Uncertainty Abounds Around Rate Rise WSJ / AP *

Fed – Has Little Uncertainty, Despite Forecasting Misses wsj *



---

FINANCE

UK – Scottish Banks Brace for Independence Vote WSJ *

UK – More than 30 new banks could open under looser regulations FT

UK – As Britons embrace digital banking, more branches face the chop R



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REAL ESTATE




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SERVICES

Retail – Promotions Drive Sales for US Stores in June WSJ

Retail – HarperCollins looks to bypass Amazon FT

Retail – Amazon courts Hachette authors R / WSJ / B

Retail – Amazon Shelves French Book Discounts WSJ

Retail – Wal-Mart Looks to Grow by Embracing Smaller Stores WSJ * *

Retail – Aldi and Lidl lead charge of discount supermarkets FT *

Retail – Fashion: A better business model FT * * *

Retail – Luxury brands battle to stay in fashion in SK FT *

Retail – Fast-growing Uniqlo still far behind Zara, H&M N *



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MANUFACTURING




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TECH

PCs – Swoon in Sales Eases WSJ

PCs – Business Buyers Lift Outlook WSJ *



---

TRADE & TRANSPORTATION

Air – Norwegian tests low-cost long-haul flights between UK and US FT / NYT

Air – New Lufthansa CEO may step up challenge to low-cost rivals R / FT / AP / WSJ / NYT

Air – ‘US Lines Seen Cruising Past European Peers’ Woes’ IBD / WSJ

Air – Fewer Cargo Planes, More Cargo in Passenger Planes BW



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COMMODITIES




---

ENERGY & ENVIRONMENT

NatGas – China, Japan Shippers to Launch Arctic LNG Route WSJ *

NatGas – Russia, China inch toward another gas contract X *

NatGas – Network for $400b China-Russia deal in operation from 2018 / r *

NatGas – What China-Russia natural gas deal looks like wapo *

NatGas – Tanzania faces delays to export FT *

NatGas – China demand to double on smog concerns FT / WSJ

NatGas – ‘To face stiff competition from coal and renewables’ B

NatGas – Five new East-West pipelines planned; all avoid central Europe / r *

NatGas – US push wins eastern Europe praise FT

NatGas – US has slight edge over Canada on LNG projects FP

NatGas – Cache Now Under Shaky Ground NYT

NatGas – US shakes up LNG export rules FT / WSJ

NatGas – Canada builds LNG army for West Coast, may come up short R

NatGas – Only a fraction of big projects will be built: Shell R



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LABOR & EDUCATION




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HEALTH

Hospitals – Race Is On to Profit From Rise of Urgent Care NYT



---

ENDNOTE

The Deadliest Animal in the World gates *



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Today’s Issue Cluster: Crops

Oil – US Seen as Biggest Producer After Overtaking Saudi Arabia
Ship – Nicaragua approves route for $40b canal
US – A Nascent Sign of Faster Wage Growth Ahead



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MAJOR DATA POINTS

China- Jun: CPI Slows; 2.3% from 2.5% / WSJ / X *

China – Jun: PPI Falls at Slowest Pace in Two Years; -1.1% / B / X *



---

MARKETS

Bonds – Investors Need Not Cry for Argentina WSJ / B * *

Bonds – Puerto Rico casts shadow on muni market FT *

Bonds – Investors in Asia Return to Perpetuals WSJ *



---

ECONOMICS

Dubai – Development in talks to extend term of $10.5b loan FT

Dubai – Planning the world’s biggest shopping mall CBS *

Dubai – Stocks gyrate as bull run hits buffers FT / BW / R *



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POLITICS & FISCAL POLICY

Ukraine – Lays Plan to Besiege Rebels in Eastern City WSJ / FT

Ukraine – Russia Threatens Response If Sectoral Sanctions Imposed B

Ukraine – EU’s united front on Russia falling amid gas needs AP



---

MONETARY POLICY




---

FINANCE

US – Citigroup Nears Deal to Resolve Mortgage Probe WSJ / FT / R / NYT *

US – Morgan Ramping Up Efforts to Cut Wasteful Expenses WSJ *

US – Bankers warn over rising business lending FT

US – Growth in Credit-Card Balances Slows Sharply in May wsj *



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REAL ESTATE




---

SERVICES




---

MANUFACTURING




---

TECH

Mobiles – Samsung hits smartphone growth plateau FT / FT * * * *

Mobiles – Foreign Investors Put Pressure on Samsung WSJ / WSJ * * *

Mobiles – Google latest empire-building tactic: cheap phones q *

Mobiles – BlackBerry: $5b is a lot for what the company is today FT / G&M * *

Mobiles – Apple’s iPod Still Has the Touch WSJ *

Mobiles – Cook’s Vision Begins to Emerge WSJ *



---

TRADE & TRANSPORTATION

Ship – Port Cities Prep for Wider Panama Canal WSJ

Ship – Nicaragua approves route for $40b canal R / R *



---

COMMODITIES

Crops – Cocoa: EM Chocolate Lovers Boost Prices WSJ * *

Crops – Coffee: A brand new weapon for Colombia’s crop police FT

Crops – Rice: Thai Subsidy Leaves Junta in a Quandary WSJ *

Crops – Corn: Blockbuster US harvest FT / WSJ / WSJ / WSJ * *

Crops – Soybeans: Tumble on record US planting FT / WSJ

Crops – US: After a Drought, Agriculture Climbs NYT *

Crops – India: To Keep Grain Supplies on Fears of Poor Monsoon Rains WSJ

Crops – China: Slowing Demand for Feed Ingredient Jolts US Markets WSJ

Crops – China: Forecasts bumper grain harvest CD *

Crops – GMOs: US Calls on Europe to Ease Limits on Gene-Altered Food NYT

Crops – Herbicides – The Rise of the ‘Super Weed’ Around the World wsj *



---

ENERGY & ENVIRONMENT

Oil – US Seen as Biggest Producer After Overtaking Saudi Arabia B / R *

Oil – Loophole for condensate exports may apply to other US crudes R

Oil – US could dominate global condensate supply R

Oil – Libya to increase exports as key terminals reopen FT / WSJ

Oil – Fears grow over long-term hit to Iraq output FT * * * *

Oil – Iraq shock to lift safe-haven currencies R *



---

LABOR & EDUCATION

US – Job Openings Rise to 7-Year High, but Hiring Notches Scant Gains wsj *

US – Fewer People Are Quitting Their Jobs, And Why That’s Not Good wsj *

US – A Nascent Sign of Faster Wage Growth Ahead wsj *

US – America Inc. Wakes Up to Wage Inflation WSJ *



---

HEALTH




---

ENDNOTE

The 10 companies that own most of the familiar food brands wapo *



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Today’s Issue Cluster: Planes

US – Scrutiny Shifts to Commerzbank and Germany
World – Chances of rate hike decreasing for Fed, RBA but increasing for BOE
Shale – US: Boom Only a Modest Boost to Manufacturers



---

MAJOR DATA POINTS

Japan – May: Current-Account Surplus Beats Estimates; +¥523b (+$5b) / B / WSJ

Germany – May: Exports, imports disappoint; -1.1%, -3.4% / AP

UK – May: Manufacturing Unexpectedly Slumps Most in 16 Months; -1.3% / B / R *

US – May: BLS Jobs Openings increase; 4.6m from 4.5m / cr * *

US – Jun: NFIB Small Business Optimism Index fell; -1.6 to 95.0 / R *



---

MARKETS

Bonds – Gilt strategists look for Carney’s Maradona feint FT * * *

Bonds – Market Is a Drag These Days WSJ *



---

ECONOMICS

Iraq – Western banks start to pull out FT * *

Egypt – Gulf Nations’ Sway Rises WSJ / FT * * *

Turkey – Erdogan: Supreme ambition FT / BW * * * *

Afghanistan – Kabul’s Economic Bubble Bursts WSJ *

Pakistan – Karachi: Under siege FT * *



---

POLITICS & FISCAL POLICY

MENA – The failures of the Arab spring were a long time in the making E * *

MENA – Middle East: Falling to pieces FT * * *

MENA – Isis advance reverses decade of growth in Middle East trade FT * * * *



---

MONETARY POLICY

World – Chances of rate hike decreasing for Fed, RBA but increasing for BOE r *

World – Global money supply / zh *



---

FINANCE

US – Banks’ Cuts Fall Short as Growth Stays Tepid WSJ *

US – Scrutiny Shifts to Commerzbank and Germany NYT / WSJ

EU – Banks look to shed loans worth €100b FT *

EU – Banks’ Judgment Leaves Investors with Alternative Risk WSJ *



---

REAL ESTATE

Ireland – House prices raise fears of a new bubble FT * * *

Ireland – Employers’ group calls for end to austerity in budget FT *



---

SERVICES




---

MANUFACTURING

Planes – Wide: Airbus to step up challenge to Boeing FT *

Planes – Narrow: Airbus, Boeing Compete to Pack Seats in Smallest Planes WSJ

Planes – A330: Airbus poised to revamp with Rolls-Royce R

Planes – A350: Airbus puts on brave face over cancelled $16b contract FT / FT / FT

Planes – A380: Airbus, Emirates, Amedeo pitch US airlines on jetliner R / B

Planes – 777: Big-Belly Boeing Blunts Demand for Cargo-Only Jets B

Planes – 747: Buoyed by Talks on China Order B

Planes – 747: ‘Going extinct’ q * * *

Planes – Ex-Im: Boeing Faces Long-Term Credit Risk if Bank Closed, S&P Says WSJ



---

TECH




---

TRADE & TRANSPORTATION

Truck – Help Wanted: Jobs Go Unfilled WSJ *

Truck – ATA Index increased / cr *



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COMMODITIES

Pork – Virus Plagues Industry, and Environmentalists NYT

Fish – Shrimp’s New Path to the Plate NYT *



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ENERGY & ENVIRONMENT

Shale – US: Behind the Oil-Train Explosions WSJ *

Shale – US: Boom Only a Modest Boost to Manufacturers wsj

Shale – Germany: Shelves Drilling For Next Seven Years WSJ / NYT / FT



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LABOR & EDUCATION

EU – Economists fear a permanent scar on the job market FT * * *

EU – Unemployment is still stagnant r *

EU – European Youth Unemployment Rates / *



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HEALTH




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ENDNOTE

Side where the train runs by country motw *



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Today’s Issue Cluster: US Labor

Ukraine – Even With Sanctions, US Sales to Russia Hit New High
Power – Hackers Find Open Back Door to Power Grid With Renewables
Metals – Fraud worries a lead weight on imports in China



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MAJOR DATA POINTS

Germany – May: Industrial Output Falls in Sign of Slower Growth; -1.8% from -0.3% / B / AP *

Germany – May: Manufacturing Orders Drop More Than Expected; -1.7% from +3.4% / WSJ / B *



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MARKETS

EMs – Why the ‘convergence’ story is losing steam ft * * * * * *

EMs – Nigeria, Malaysia top survey of 20 emerging economies N *



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ECONOMICS

France – Puts Euro Zone Recovery at Risk, Economists Warn FT

France – Businesses Losing Confidence in Hollande WSJ / B

France – Hits out at dollar dominance in international transactions FT / B



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POLITICS & FISCAL POLICY

Ukraine – Pro-Russian separatists flee Slavyansk FT / WSJ / WSJ *

Ukraine – Merkel’s harder stance on Russia fuels anxiety for companies FT *

Ukraine – Even With Sanctions, US Sales to Russia Hit New High wsj * *



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MONETARY POLICY

ECB – Holds Interest Rates Steady WSJ / R / NYT / B *

ECB – To transform how it runs monetary policy FT / q *

SR – Sweden Makes Large Cut to Main Interest Rate FT / WSJ / AP / WSJ / B * *

NB – Scandinavian policy makers in test of resolve FT / FT *

Fed – Falling Unemployment Doesn’t Rate WSJ / FT / B *

Fed – Keeps a Watchful Eye As Food Prices Rise WSJ *



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FINANCE

EU – Europe Banks Falter as ECB Defers Asset Buying B *

EU – Banks raise capital ahead of stress tests FT *

EU – Banks Face Added Capital Requirements WSJ *

EU – Bank stocks suffer from legal fears FT * * *



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REAL ESTATE




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SERVICES




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MANUFACTURING




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TECH




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TRADE & TRANSPORTATION




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COMMODITIES

Metals – Foreign Banks See Exposure to China Port Qingdao Topping $500m WSJ *

Metals – Fraud worries a lead weight on imports in China N *

Metals – Miners seek to take the plunge FT

Metals – Iron ore boosted by China restocking FT

Metals – Aluminum’s Collision Course With Steel WSJ *

Metals – With iron ore weak, investors should look to aluminum FT *



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ENERGY & ENVIRONMENT

Power – US Government Is Urged to Takes Steps for Grid Protection WSJ

Power – Hackers Find Open Back Door to Power Grid With Renewables B *



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LABOR & EDUCATION

US – As Jobs Surge, Hurdles Linger WSJ / B / WSJ * * *

US – Hiring Pickup Aided By Rare Source of Strength: Governments wsj *

US – Unemployment falls to 6.1%, avg UE duration drops to 33.5 wks / *

US – Unemployment rates by race and ethnicity / *

US – UE duration, discouraged down, participation flat *

US – Underemployment / *

US – Part-time work is still elevated / *

US – Full-Time Employment vs. Total Employment *

US – Two charts / q * *

US – Hiring may be rebounding, but wage growth is not r *

US – But What Do Payrolls Say About A New Recession Risk? wsj * * * *



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HEALTH

Pharma – Merck, Gilead Lead Race To Eradicate Hepatitis C IBD

Pharma – Drugmakers warn on SK pricing policy FT

Pharma – GSK faces questions over direction of China corruption probe FT *



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ENDNOTE

Manhattan’s Daytime Population — Helps Identify Hospitals reddit *



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Today’s Issue Cluster: Water

China – Seeks Great Power Status After Centuries of Sea Retreat
E-Cigs – Philip Morris announces hybrid containing tobacco
EU – Brussels Eyes Digital Agenda to Better Compete with the US



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MAJOR DATA POINTS

EZ – Jun: Markit PMI slows as French activity drops; 52.8 from 53.5 / R / WSJ * *

US – Jun: Employers added jobs at a robust clip; +288k from +224k / WSJ / AP / FT / NYT / B *

US – Week: Jobless claims rise slightly; +2k to 315k / R *

US – Jun: Challenger planned layoffs fell 40.6%; 31k / *

US – Jun: Markit services PMI accelerates; 61.0 frim 58.1 / R

US – Jun: ISM Services PMI Pulls Back Slightly; 56.0 from 56.3 / WSJ / AP / B / R *

US – May: Trade Gap Shrinks More Than Forecast on Record Exports; -$44b from -$47b / R / AP / WSJ / B *



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MARKETS

Argentina – Consensus Emerges: Pay Off Debt WSJ / FT

Argentina – Row triggers interest in defaulted debt FT *



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ECONOMICS

UK – Manufacturing growth soars but productivity remains dire FT * * * *



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POLITICS & FISCAL POLICY

China – Seeks Great Power Status After Centuries of Sea Retreat B * *



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MONETARY POLICY

Fed – Yellen holds firm on rate rises FT / WSJ / B / R / nyt

Fed – Yellen may be poised to rewrite rule book on wages, inflation R / FT / B / ft / r * * *

Fed – Consumer Inflation Hits Highest Level Since 2012, Near 2% Target WSJ / wsj *

Fed – What the Gap Between CPI and PCE Means for Overshooting wsj * *

Fed – Bond traders bet Bank has got it wrong on interest rates FT

Fed – FOMC Tenures: Long Terms Mean Current Committee Could Be Going Nowhere wsj *



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FINANCE




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REAL ESTATE

UK – Lending curbs set to bite first in London and southeast FT *

UK – Housing market must still face rising interest rates FT *

UK – ‘Mansion tax’ fears chill London’s luxury housing market FT / FT *



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SERVICES

E-Cigs – Philip Morris announces hybrid containing tobacco wsj *

E-Cigs – Tobacco Bonds Feel Heat WSJ *

Pot – US Ganjapreneurs Hit the Jackpot S * * *



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MANUFACTURING




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TECH

EU – Brussels Eyes Digital Agenda to Better Compete with the US S * *



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TRADE & TRANSPORTATION

Air – Delta Adds To Capacity Worries As Gulf Carriers Grow IBD *

Air – Delta, Alaska Airlines Go to War Over Seattle WSJ *



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COMMODITIES

Water – Meteorologists shift tone on El Niño FT / WSJ / wapo / N * *

Water – South America Better Positioned Financially for El Niño, Moody’s Says WSJ

Water – Investing in Scarce Resources WSJ *

Water – California Cities Crack Down WSJ *

Water – Feds don’t want irrigation used to grow pot AP

Water – California city looks to sea AP

Water – Drought Plagues Brazil’s Biggest City WSJ

Water – Irish braced for new annual charge FT *

Water – This June could be the driest ever in India TOI / PTI / ET / * * *

Water – Mismanagement blamed for New Delhi’s crisis FT * *



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ENERGY & ENVIRONMENT

Oil – Islamic State seizes field and towns in Syria’s east R *

Oil – Libya Could Lift Force Majeure on Key Eastern Ports WSJ / FT / r *

Oil – Slides on reports of possible Libya exports recovery FT *

Oil – US Gas Prices Wallop Wallets WSJ *

Oil – Explorers hit rock bottom FT / FT *



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LABOR & EDUCATION




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HEALTH

Pharma – European drugmakers sold before they reach full maturity FT * * *

Pharma – Which states prescribe the most painkillers? wapo * * *



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ENDNOTE

When each country celebrates national/independence day motw *



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