Bz Nwz




---

Today’s Issue Cluster: US Economy

EU – ‘Testing the Limits: How Many Refugees Can Germany Handle?’
Counterfeits – Battle seems to be getting tougher
Planes – Bombardier: Delays business jet



---

MAJOR DATA POINTS

Japan – Jun: Consumer Prices Rise Fractionally B / b *

EZ – Jul: Inflation Holds as Core Rate Picks Up; +0.2% / B *

Canada – May: Economy shrinks for fifth straight month; -0.2% from -0.1% / CBC / CP / FP / R *

US – Q2: Labor Costs Rise at Slowest Pace in Three Decades; +0.2% from +0.7% / WSJ / R / AP / FT *

US – Jul: UMich consumer sentiment slips; 93.1 from 96.1 / R *



---

MARKETS

China – Bets Rise That Yuan Will Fall WSJ *

China – Escape from dollar zone requires opening markets FT / FT / FT / FT / FT / FT / FT / FT *



---

ECONOMICS

US – Economy Picks Up, but Stays In Its Rut WSJ / FT / NYT / B * *

US – The Worst Expansion Since WWII Was Even Weaker wsj * *

US – ‘Economy’s Top Speed Has Probably Been Overestimated for Years’ B *

US – Piecing Together the GDP Puzzle WSJ *

US – State Coincident Indexes increase in 40 states cr *

US – Cheap Oil Is Fueling a Surge In New Factories B * *



---

POLITICS & FISCAL POLICY




---

MONETARY POLICY




---

FINANCE




---

REAL ESTATE




---

LABOR & EDUCATION

EU – Migrant Crisis Continues at UK-France Border WSJ / FT

EU – ‘Testing the Limits: How Many Refugees Can Germany Handle?’ S * *

EU – Hungary erects border fence to plug migrant flow FT *



---

SERVICES

Counterfeits – Battle seems to be getting tougher E *

Counterfeits – US seizures / r *



---

MANUFACTURING

Planes – 747: Boeing to Again Reduce Output WSJ / R

Planes – 787: New Boeing CEO eyes jet production challenge FT * *

Planes – Bombardier: Delays business jet R / G&M / CP

Planes – Gulfstream: Finds its flight path with spacious business jets FT * * *



---

TECH

EU – Concerns grow over digital rules targeting US companies FT

China – Pushes to Rewrite Rules of Global Internet WSJ

China – Wants Silicon Valleys Everywhere BW *



---

TRADE & TRANSPORTATION




---

COMMODITIES

Palm Oil – Migrant Workers Tell of Abuses on Malaysian Plantations WSJ *

Palm Oil – Firms are trying to go green E *



---

ENERGY & ENVIRONMENT

Shale – Bakken Driller’s Reset Points to More Pressure on Oil WSJ *

Shale – ‘US Winning Oil War Against Saudi Arabia’ forbes * *

Shale – ND oil well completions slow sharply R *

Shale – ‘Fracking Jobs Encouraged American Teens to Become High School Dropouts’ B *

Shale – ‘Wall Street growing impatient’ b *

Shale – Fracking and construction boom create huge demand for sand G&M



---

HEALTH




---

ENDNOTE

Liege 2020: Tokyo Olympics emblem said to look similar to Belgian theater logo JT *



---




---

Today’s Issue Cluster: Metals

Bonds – Holders of senior bank debt face rising risks
Ship – World’s Top 3 Builders Post Record Loss on Deep-Sea Failures
TPP – Puts Vietnam’s top garment producer on the defensive



---

MAJOR DATA POINTS

Japan – Jun: Industrial Output Increases; +0.8% from -2.1% / B / AFP

EZ – Jul: Economic Sentiment Indicator rose; 104.0 from 103.5 / WSJ

US – Q2: Economy Expands; +2.3% from +0.6% / WSJ / FT / NYT / AP / R / B *

US – Week: Applications for jobless aid rise; +12k to 267k / AP / B / WSJ / R



---

MARKETS

Bonds – Investors Cheer Fed’s Statement WSJ *

Bonds – Treasuries market faces liquidity concerns FT * *

Bonds – Holders of senior bank debt face rising risks FT *



---

ECONOMICS

LatAm – Farewell to investment banking salad days? FT * *

LatAm – Private wealth to grow faster than ME/Africa B *

LatAm – Investors bet on Mexico and Chile FT *

Brazil – Downgrade threat is a real danger sign FT / FT * * *

Brazil – Struggles With Inflation, and Expectations WSJ *

Chile – Political crisis takes a toll on economy FT *

Venezuela – Hyperinflation looms E *

Mexico – The mystery of the consumer: a four-point explainer FT *

Puerto Rico – Tourism industry lags rivals R *



---

POLITICS & FISCAL POLICY

Brazil – Biggest party sticks with unpopular Rousseff, for now R / FT / NYT



---

MONETARY POLICY

BCB – Brazil raises rates to 14.25% to combat inflation FT

Fed – Marginally lifts chances of September rate rise WSJ / FT / NYT / AP / R / B *

Fed – China’s Thumb on Rate-Rise Scale WSJ / FT * *



---

FINANCE




---

REAL ESTATE




---

LABOR & EDUCATION




---

SERVICES




---

MANUFACTURING

Ship – World’s Top 3 Builders Post Record Loss on Deep-Sea Failures B

Ship – Oil plunge swells losses at Daewoo FT / FT



---

TECH

PCs – Microsoft aims to woo consumers with Windows 10 FT / WSJ * *

PCs – Can Windows 10 Revive Sales? WSJ * *

Chips – Intel, Micron Claim Chip Breakthrough WSJ



---

TRADE & TRANSPORTATION

TPP – Sugar Industry Sour on Trade Talks WSJ

TPP – US to gradually remove tariff on Japanese beef N

TPP – Puts Vietnam’s top garment producer on the defensive N

TPP – Japan’s offer on dairy imports unlikely to satisfy NZ N



---

COMMODITIES

Gold – Demand weakest since 2009 R *

Gold – Flight from safety FT *

Gold – Is Only Going to Get Worse B *

Platinum – Third-Biggest Miner Is Cutting Production B *

Copper – Supply disruptions support market FT

Copper – Minding the gaps in the cost curve r *

Titanium – Boeing looks at pricey metal in bid to stem 787 losses R

Nickel – At mercy of positioning FT

Iron – ‘Back in a Bull Market — Just Don’t Expect It to Last’ B *

Iron – ‘Chinese steel juggernaut slows but not fast enough’ r * *



---

ENERGY & ENVIRONMENT

Alt – UPS Agrees to Buy 46m Gallons of Renewable Diesel NYT

Alt – Why airlines keep pushing biofuels: They have no choice AP




---

HEALTH




---

ENDNOTE

Foreign Travel Advice of the British government motw *

Foreign Travel Advice of the French Government motw *



---




---

Today’s Issue Cluster: US Real Estate

World – Consumer Sentiment Is Souring, Except Where You’d Expect
Cybersecurity – A Veil of Secrecy Aids Surge in Attacks in Asia
Oil – ‘The Crash Could Be the Worst in More Than 45 Years’



---

MAJOR DATA POINTS

Germany – Aug: GfK consumer climate index unchanged; 10.1 / AP

US – Jun: Pending home sales fell; -1.8%; +8.2% / R *



---

MARKETS

China – Behind Latest Collapse: a Government Retreat WSJ / WSJ * *

China – Stems equity rout with state buyers FT / FT / FT

China – Tumble Calls Into Question Beijing’s Effort WSJ / FT * *

China – Understanding The Market in Charts WSJ / * * * *

China – Roller-Coaster Stock Market / WSJ * * * * *

China – Key factors behind investment rout FT * *

China – Relistings of Tech Firms Are in Limbo WSJ

China – Omitting mainland stock from MSCI index spares EM investors FT *

China – Brokerages report surging profits FT *



---

ECONOMICS

World – Consumer Sentiment Is Souring, Except Where You’d Expect wsj *



---

POLITICS & FISCAL POLICY




---

MONETARY POLICY




---

FINANCE




---

REAL ESTATE

US – Existing-Home Prices Hit Record: $236,400 WSJ

US – Architecture Billings Index Increases / cr *

US – Housing outlook dims AP

US – Condos Left Behind in Housing Rebound WSJ *

US – Homeownership hits 35 year-low R / cd *

US – Rent-to-Own Homes Make a Comeback WSJ

US – A short supply of available units is pushing up rents B *

US – Rental Demand Supplies Home-Building Opportunity WSJ *

US – Rising Rents Outpace Wages WSJ *



---

LABOR & EDUCATION




---

SERVICES




---

MANUFACTURING




---

TECH

Cybersecurity – When 95% isn’t good enough FT * * * *

Cybersecurity – Hacking back FT * *

Cybersecurity – A Veil of Secrecy Aids Surge in Attacks in Asia B

Cybersecurity – Are Shares Too Hot? WSJ *



---

TRADE & TRANSPORTATION




---

COMMODITIES

World – Growth Worries Pummel Commodities WSJ / N *

World – The States Hurt Most After Commodities Meltdown B * *



---

ENERGY & ENVIRONMENT

Oil – Majors rein in spending FT / WSJ / FT *

Oil – ‘The Crash Could Be the Worst in More Than 45 Years’ B *

Oil – Western Firms Will Find Tough Competition in Iran WSJ / R *

Oil – ‘US SPR sale before strategic review would be a mistake’ r *

Oil – Increased Iran output puts other exporters under pressure FT *

Oil – Kurdistan cash squeeze tests western groups FT * *



---

HEALTH




---

ENDNOTE

Share & Scare – US Singles, 18-64 bm *



---




---

Today’s Issue Cluster: EU Economy

Currencies – Rouble leads emerging-market currency rout
Air – Wanted: Pilots to Fly Looming $5.6t Jet-Order Surge
El Nino – Likely to hit coffee, chocolate and sugar



---

MAJOR DATA POINTS

UK – Q2: Economy grows; +0.7% from +0.4% / AP / AFP / R / B *

US – Jul: ConfBd consumer confidence drops by most since 2011; 90.9 from 99.8 / R / AP / B / WSJ

US – May: Case-Shiller home price growth stalls; +4.9% / R *



---

MARKETS

Currencies – Rouble leads emerging-market currency rout FT / AFP *

Currencies – Commodities slump testing resource-driven economies WSJ *

Currencies – Plenty of good reasons to think weak Aussie dollar here to stay FT *

Currencies – EM Asian currencies flag rising stress FT *

Currencies – Malaysia lets ringgit fall below 1998-2005 peg R *

Currencies – Yuan Pushes Deeper Into Global Financial System WSJ



---

ECONOMICS

EU – 2015 GDP forecasts for France, Italy & Spain revised up / b *

Germany – The Graying of Small Business Managers WSJ *

Spain – GDP per capita is set to overtake that of Italy ft * *

Portugal – On Road to Recovery Post-Bailout, But Scars Remain WSJ *



---

POLITICS & FISCAL POLICY

Greece – Tsipras pressured by covert drachma plan R / FT / B / NYT / NYT / K

Greece – Fear of the Unknown Binds a Deal With Few Believers WSJ *

Greece – More than one way to skin the loan FT *

Greece – Tide Turns for Shipping Industry WSJ * *

EU – France’s Hollande Proposes Creation of Euro-Zone Government B

EU – Italy’s Padoan calls for ‘political union’ to save euro FT

Puerto Rico – Bondholders present rival recovery plan FT *



---

MONETARY POLICY

ECB – IMF urges bank to use firepower aggressively FT

Fed/BOE – Take pole positions in rate race FT * *

Fed/BOE – Hint at rate rises in spite of unclear figures FT * *

Fed – Economic Forecasts Released Early WSJ / NYT / FT / R / B / ft *

Fed – Strengthening economy bolsters case for rate rise FT / WSJ

Fed – Closer to Hitting Its Inflation Target B *



---

FINANCE

Italy – Legal reforms may chip away at non-performing loans E *

Germany – Crowdfunders fear new risk rules FT *



---

REAL ESTATE

EU – QE feeding house price bubble, says study FT



---

LABOR & EDUCATION

EU – A Monetary Culprit for Europe’s Unemployment? WSJ *

EU – ‘Large increases in minimum wage could have severe effects’ E *

Germany – Rising Costs Strike at Competitiveness WSJ / WSJ *

Germany – Incomes Leaving Rest of Eurozone Behind wsj * *



---

SERVICES

Media – News business has the wind in its sails FT

Media – The future of news: Stop the presses! FT * * * * *



---

MANUFACTURING




---

TECH

PCs – Microsoft Changes Its Script With Free Windows 10 WSJ *

PCs – Market Drop Is Picking Up Pace / statista *



---

TRADE & TRANSPORTATION

Air – Pilot Shortage Halves Republic Airways Stock WSJ / B

Air – Wanted: Pilots to Fly Looming $5.6t Jet-Order Surge B



---

COMMODITIES

El Nino – Likely to hit coffee, chocolate and sugar AP *

El Nino – Asia grappling with a bigger, badder cycle N *



---

ENERGY & ENVIRONMENT




---

HEALTH




---

ENDNOTE

UK Projected to Become The Largest Country In Europe dv *



---




---

Today’s Issue Cluster: Pharma

China – Our Momentum Indicator suggests growth is nearer 3.0%
Coffee – More efficient pods are reducing US demand for beans
NatGas – Asian LNG spot prices tumble 30%



---

MAJOR DATA POINTS

Germany – Jul: Ifo business confidence up; 108.0 from 107.5 / AFP / AP / WSJ *

US – Jun: Durable Goods Orders Up; +3.4% from -2.1% / WSJ / R / AP



---

MARKETS

China – Biggest One-Day Stock Crash Since 2007 WSJ / FT / NYT / B / R *

China – Can All Debt Be Rated A+? WSJ *

China – Giant Fund: ‘No Safe Places to Invest’ WSJ / B / ft / WSJ

China – IMF says it’s worried about investors’ mobility R *

China – Japan Investors Use Market Rout as a Chance to Buy WSJ

China – Equity investors — the fortunate few b * *

China – Rail freight remains weak X

China – Quickly revisiting those dodgy growth stats ft *

China – Our Momentum Indicator suggests growth is nearer 3.0% r *



---

ECONOMICS

EMs – Retail sales slump in commodity exporters FT * *

EMs – Portfolio flows reveal fear of the Fed FT * *

EMs – Markets Don’t Get Lift From Weak Currency WSJ * *

EMs – Unemployment rises sharply FT * *



---

POLITICS & FISCAL POLICY

EMs – Poised to raise interest rates FT * *



---

MONETARY POLICY




---

FINANCE

China – Seeks to tame online finance risks FT * *



---

REAL ESTATE

Canada – Calgary reaches record levels of unleased office space G&M

Australia – Weighs Steps to Rein In Sydney Property WSJ *



---

LABOR & EDUCATION




---

SERVICES

Media – Hollywood’s New Backer: China WSJ

Media – Chinese Tech Firms Think Outside the Box Office WSJ *



---

MANUFACTURING




---

TECH




---

TRADE & TRANSPORTATION

WTO – Deal to End Tariffs on Many High-Tech Goods WSJ / R / FT *

TPP – Negotiators inch towards historic trade deal FT / N / AFP / WSJ



---

COMMODITIES

Coffee – Robusta in biggest ‘squeeze’ in 3 years FT

Coffee – South Korean boom goes international FT

Coffee – More efficient pods are reducing US demand for beans wapo * *

Coffee – US trend ominous for global growers FT * *



---

ENERGY & ENVIRONMENT

NatGas – In commodities meltdown, a bright spot B

NatGas – Asian LNG spot prices tumble 30% N * *

NatGas – California’s push for cleaner buses could edge out gas R



---

HEALTH

Pharma – Teva closes in on Allergan’s generics unit FT / WSJ / B *

Pharma – Teva to Buy Allergan for $40b WSJ / FT / R / NYT * *

Pharma – Biotech high flyers face gravity test FT * *

Pharma – World’s first malaria vaccine gets green light from Europe FT / WSJ

Pharma – FDA Approves Cholesterol Drugs WSJ / NYT *

Pharma – Hopes raised for industry revival FT *

Pharma – GlaxoSmithKline: dose of reality FT *

Pharma – Doctors Object to High Cancer-Drug Prices WSJ / NYT *



---

ENDNOTE

How coffee splits the US in half wapo *



---




---

Today’s Issue Cluster: Africa

Tourism – Becoming immune to terrorist attacks?
Sands – Utah set to be home of first US mine project FP
H5N2 – Bird flu vaccine works on chickens; testing on turkeys



---

MAJOR DATA POINTS

China – Jul: Markit Factory Activity Slows to 15-month low; 48.2 from 49.4 / WSJ / AP *

EZ – Jul: Markit’s Composite Flash PMI Fell; 53.7 from 54.2 / R / t *

US – Jul: Markit factory activity inches up; 53.8 from 53.6 / R

US – Jun: New home sales fall to seven-month low; -6.8%, +18.1% yr / R / B / WSJ / cr *



---

MARKETS

Bonds – Markets out of kilter with rate reality FT * *

Bonds – Why Investors Shy Away From China’s $6.4t Market WSJ *

Bonds – Russia joins inflation-linked club FT *

Bonds – Europe’s High-Yield Market Begins Recovery WSJ *

Bonds – No sign yet of Greece’s finishing line FT *

Bonds – Companies rush to sell debt before August break FT * *

Bonds – ‘Jumbo’ deals help address liquidity concerns FT * *



---

ECONOMICS

Africa – Where Obama treads US business plans to follow FT *

Africa – ‘Obama has not paid the continent enough attention’ E *

Africa – China’s Road Lifts Investment, Adds Debt Risk b *

Nigeria – ‘Has a rare chance to turn itself round’ E

Nigeria – Violence, mainly in the north, has exacerbated problems E *

Nigeria – Diaspora a source of money, markets, skills and ideas E *

Nigeria – Population has been systematically exaggerated E *

Nigeria – Economy is beginning to diversify E *

Ghana – Counts cost of public pay overruns and export rout FT * *

Ghana – Power shortages cut growth prospects FT / FT *

South Africa – In the grip of stagflation FT *

South Africa – Stocks Soar as Economy Stumbles WSJ *

South Africa – Equity market power scrutinised FT *

South Africa – Tourism ‘crisis’ after visa rules changed FT * *

Ivory Coast – Buzzing Abidjan puts on road to revival FT *



---

POLITICS & FISCAL POLICY




---

MONETARY POLICY




---

FINANCE

Africa – Makes Leap in Cross-Border Mobile Payments WSJ *



---

REAL ESTATE




---

LABOR & EDUCATION




---

SERVICES

Tourism – Becoming immune to terrorist attacks? q *

Tourism – Young Chinese hands drive surge in overseas travel CD *

Tourism – Japan receives more tourists than it sends abroad FT *



---

MANUFACTURING

Drones – ‘Isis plotting to bomb crowds at major British events’ Express

Drones – Next Step: Defending Against Them WSJ *



---

TECH

Silicon Valley – ‘Boom will not end in a repeat of the dotcom crash’ E * *

Silicon Valley – European tech in the shadow FT * * * *



---

TRADE & TRANSPORTATION




---

COMMODITIES




---

ENERGY & ENVIRONMENT

Sands – Utah set to be home of first US mine project FP

Sands – Falling Crude Prices Upend Canada’s Projects WSJ *

Sands – Pushed to the sidelines in new Canada energy strategy FP

Sands – How a Chinese Company Slipped in Canada WSJ *



---

HEALTH

H5N2 – USDA secretary not ready to declare bird flu outbreak over AP / AP

H5N2 – First Iowa farms hit by bird flu nearing restocking time AP

H5N2 – Bird flu vaccine works on chickens; testing on turkeys AP



---

ENDNOTE

Silicon Valley Nudging Northward Over Time e *



---




---

Today’s Issue Cluster: Currencies

Auto – Shale glut turbocharges America’s motoring revival
Aluminum – China, the giant that’s still growing
Gasoline – Lower oil prices? Not for Europe



---

MAJOR DATA POINTS

SK – Q2: Growth falls to 2-year low; +2.2% / FT *

EZ – Jul: Greek Crisis Weakens Consumer Confidence; -7.1 from -5.6 / WSJ / b *

US – Jun: Conference Board leading indicators rose; +0.6% from +0.8% / AP / R

US – Week: Jobless Claims Fall To Lowest Level Since 1973; -26k to 255k / WSJ / R / B / cr *



---

MARKETS

Currencies – Divergence in Asia b * *

Currencies – Control of the yuan could set back broader use WSJ *

Currencies – Renminbi’s flexible rate — 10 years on FT * * * *

Currencies – As Commodities Tumble, Asia-Pacific Grasps for Growth WSJ *

Currencies – Oil-Sensitive Countries Hit by Commodity Slump WSJ *

Currencies – Loonie hit by China and oil woes FT *

Currencies – Plunging loonie means inflation in store cbc *

Currencies – Commodity Rout Lowers Kiwi, Aussie, Loonie B *

Currencies – LatAm feels more pain FT / WSJ * * * *

Currencies – Mexico’s falling peso: not (necessarily) about risk aversion FT *

Currencies – Harley-Davidson hits headwinds of strong dollar FT

Currencies – The Rise of The Mighty Pound B / FT *

Currencies – BOE Caution Fails to Take Shine Off Sterling WSJ / FT / WSJ *



---

ECONOMICS




---

POLITICS & FISCAL POLICY




---

MONETARY POLICY

BOE – More MPC members edge towards vote for rate rise FT / FT

BOE – Bound to follow US’s move FT *



---

FINANCE




---

REAL ESTATE




---

LABOR & EDUCATION




---

SERVICES

Ads – Ad Blockers, Internet Advertisers Play Cat and Mouse WSJ *

Ads – Publishers Face Moving Target in Mobile WSJ *



---

MANUFACTURING




---

TECH




---

TRADE & TRANSPORTATION

Auto – Vehicle Miles Driven increase 2.7% / cr *

Auto – Shale glut turbocharges America’s motoring revival FT * * *



---

COMMODITIES

Metals – What’s Driving the Commodity Index Lower B *

Metals – Gold Rout Spreads to Copper, Tin and Zinc B / FT * * *

Platinum – Approaching crunch time FT

Palladium – Under siege but strong fundamentals may end carnage R *

Copper – Another Bad Omen for the Commodities Meltdown B *

Nickel – Bucks the trend of slower Chinese metal imports r * *

Aluminum – China, the giant that’s still growing r * *

Iron – Giants’ Push for Ore Tests Mettle of Smaller Miners WSJ *



---

ENERGY & ENVIRONMENT

Diesel – Prices Tank Amid Global Glut WSJ * *

Gasoline – Refiners Can Keep Floating on Cheap Oil WSJ *

Gasoline – CA drivers pay dearly for refinery problems r *

Gasoline – Lower oil prices? Not for Europe R *



---

HEALTH

Insurance – Anthem Nears Deal to Buy Cigna for $48b WSJ / R / NYT *

Insurance – Rush to consolidate after Obamacare ruling FT / IBD * *



---

ENDNOTE

Most spoken languages in the US States (after English and Spanish) DieWelt *



---




---

Today’s Issue Cluster: China Markets




---

MAJOR DATA POINTS




---

MARKETS

China – Takes stock as market dust settles FT *

China – Market Thinned as It Plunged WSJ * *

China – Thawing, yet still very worthy of scare quotes, “market” ft / B *

China – World’s Wildest Stock Market Submits to Communist Party Rule B *

China – Despite Beijing’s Big Push, Investors Remain Wary WSJ *

China – A Bad Casino, Hedge Fund Managers Say WSJ / FT / B

China – Hunt for short-sellers tests legal boundaries FT *

China – Cooling Dents Major Driver of Economic Growth NYT *



---

ECONOMICS

China – Economy Shows Few Signs of Revival WSJ *

China – S&P warns of credit risk FT *

China – For Many Firms, ‘New Normal’ Spells Doom WSJ *

China – Corporate debt threat R *

China – The Next Japan? B * *



---

POLITICS & FISCAL POLICY




---

MONETARY POLICY




---

FINANCE

China – Looks to Regulate Internet Finance WSJ / FT / X



---

REAL ESTATE

China – Investors flock to sell properties, cancel contracts N

China – Buying Up Sydney’s Skyscrapers B * *



---

LABOR & EDUCATION

China – Will later retirement spell end for ‘dancing grannies’? N *

China – Employment is set to fall this year / ft *



---

SERVICES




---

MANUFACTURING




---

TECH

Mobiles – Apple iPhone Sales, Up 35%, Disappoint WSJ / FT / NYT / R / B * * * * * *

Mobiles – Doubts remain over prospects of Apple Watch FT / NYT / WSJ

Mobiles – iPad sales tumble to four-year low zdnet *



---

TRADE & TRANSPORTATION

AVs – Hackers Remotely Kill a Jeep on the Highway — With Me in It Wired / WSJ / R / nyt / wsj *

AVs – Detroit is trying to take mantle from Silicon Valley B / WSJ *

AVs – UK aims to be destination of choice for testing FT

AVs – Google to Test Bubble-Shaped Cars NYT / B *

AVs – Nevada approves autonomous Daimler trucks FT / FT *



---

COMMODITIES




---

ENERGY & ENVIRONMENT




---

HEALTH




---

ENDNOTE

How Far Can Your Country’s Highest Denomination Bill Take You? dv *



---




---

Today’s Issue Cluster: Shipping

Fed – Most Economists Expect Rate Hike in September
US – Asians start to dominate the ‘fourth wave’ of immigrants
Pharma – Industry Thinks It Finally Has a Fix for Migraines



---

MAJOR DATA POINTS




---

MARKETS




---

ECONOMICS

US – Cheap Oil Should Fuel Economy at Last WSJ *

US – Inflation Is Low, but Consumers Still Feel a Pinch WSJ *

US – Distressed Communities Index / eig *



---

POLITICS & FISCAL POLICY

US – Inflation’s Steady Tick Poses Headaches in Congress WSJ *

US – End to Taxation of Overseas Profit Finds Bipartisan Support NYT

US – Clinton to Push Revamp of Capital-Gains Tax Rates WSJ / AP *

US – Clinton economic plan: The kitchen sink e *



---

MONETARY POLICY

Fed – Most Economists Expect Rate Hike in September wsj *



---

FINANCE

US – Fed calls for $200b of extra capital buffers WSJ / FT / R / NYT / AP *

US – Banks prepare for lending revival FT *



---

REAL ESTATE

US – Bidding Wars Return to Home Market WSJ *

US – Rising Rents Won’t Inflate Fear at Fed WSJ *

US – Increase in Apartment Construction Isn’t All Good News B / WSJ *

US – Commercial property hotspot draws Fed attention FT * * *

US – Reis: Mall Vacancy Rate unchanged in Q2 cr *



---

LABOR & EDUCATION

US – Some Republican hopefuls want curbs on legal immigration R *

US – Asians start to dominate the ‘fourth wave’ of immigrants N * * *

US – Landing on their feet, and in the boardroom N * *

US – Building Afromerica: America’s fastest-growing migrant group E *



---

SERVICES




---

MANUFACTURING




---

TECH

Silicon Valley – Growth-Starved Investors Bid Up Shares WSJ *

Silicon Valley – How to short ‘unicorns’ FT *



---

TRADE & TRANSPORTATION

Ship – LA Port Traffic Shows Weakness in June cr *

Ship – West Coast Ports’ Import Share Falls in Wake of Slowdown WSJ

Ship – Chinese Imports Bypassing West Coast Ports WSJ

Ship – Savannah makes waves as it lures shipping FT

Ship – US Leather Industry Takes a Beating From West Coast Delays WSJ

Ship – Crude supertanker operators cash in on oil market rout FT * *

Ship – Greek maritime industry fears being punished for its success FT *

Ship – Russia Makes Bid for Arctic Lane Even as Oil Prices Slip MT

Ship – Sri Lanka becoming global distribution hub N * *



---

COMMODITIES




---

ENERGY & ENVIRONMENT




---

HEALTH

Pharma – Fresh hope of a treatment for Alzheimer’s FT * * *

Pharma – Alzheimer’s Drug Is a Big Bet for Lilly WSJ / WSJ *

Pharma – Recovery Runs Low on Interest WSJ *

Pharma – Industry Thinks It Finally Has a Fix for Migraines B *



---

ENDNOTE

200 Years of US Immigration bm *



---




---

Today’s Issue Cluster: Oil

Japan – Abe’s Inflation Hits Households
WTO – Deal reached on cuts to global IT tariffs
Gold – Continues Sliding, Hits 5-Year Low



---

MAJOR DATA POINTS

EZ – May: Current account surplus narrows; +€18b from +€24b / MW *



---

MARKETS

Japan – ‘Time to Buy Blue Chips’ Bn *



---

ECONOMICS

Japan – BOJ downgrades GDP and inflation forecasts FT / AFP

Japan – Abe’s Inflation Hits Households B * * *



---

POLITICS & FISCAL POLICY

Japan – Abe’s polls plummet after defense bills pass R / WSJ / FT / NYT / AP / B



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MONETARY POLICY

World – Divergence in monetary policy is still the big theme for 2015 WSJ * *



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FINANCE




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REAL ESTATE

Japan – REIT market gets the ‘death cross’ R *



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LABOR & EDUCATION

Japan – Funding the Retirement of the Oldest Wealthy Nation WSJ *



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SERVICES

Retail – Property: lease worst scenario FT *

Retail – Pressure to Sell the Land Beneath Them WSJ *



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MANUFACTURING




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TECH




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TRADE & TRANSPORTATION

WTO – Deal reached on cuts to global IT tariffs FT / B / R



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COMMODITIES

Gold – Heads for Five-Year Low as Traders Brace for Higher Rates WSJ / B *

Gold – Continues Sliding, Hits 5-Year Low WSJ / FT / FT / B *

Gold – China breaks 6-year silence on reserves FT / WSJ / R / B * *



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ENERGY & ENVIRONMENT

Oil – Investors Get Caught in Slippery Wake WSJ *

Oil – For Asia’s Consumers, It’s a Buyer’s Market WSJ / WSJ / WSJ * *

Oil – Iran: The multibillion-dollar ‘candy store’ FT * * * *

Oil – ‘Iran needs time and favorable conditions to boost output’ r *

Oil – Iran’s possible production response r * * * *

Oil – History Shows Iran Could Surprise the Market B / b * * * *



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HEALTH




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ENDNOTE

Just time zones cwob *



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