Bz Nwz




---

Today’s Issue Cluster: Mining

Retail – Fast-rising JD.com has Alibaba looking over its shoulder
Ship – This Yard Is So Unprofitable It’s Turning Into a Parking Lot
Watches – Swiss face another challenging year



---

MAJOR DATA POINTS

China – Q1: GDP growth slows; +6.7% from +6.8% / FT / WSJ / R / AP / NYT

US – Mar: Industrial output falls more than expected; -0.6% from -0.6% / R

US – Apr: UMich Consumer Sentiment Falls; 89.7 from 91.0 / B



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MARKETS




---

ECONOMICS




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POLITICS & FISCAL POLICY




---

MONETARY POLICY

Negative Rates – World: The Bomb Ticking Inside Bond Market WSJ *

Negative Rates – Japan: Experiment Is Floundering WSJ *

Negative Rates – Germany: Life Insurers Feel the Pain WSJ *

Negative Rates – Swiss: One Bank Learns to Live in Subzero World WSJ

Negative Rates – Denmark and Sweden: Real estate booming WSJ *

Negative Rates – What Comes Next? Helicopter Money wsj *

Negative Rates – Central bank tightening risk, charted ft *



---

FINANCE




---

REAL ESTATE




---

LABOR & EDUCATION




---

SERVICES

Retail – Shoppers Flock to Apps WSJ **

Retail – Grocers battle to find small format success B *

Retail – Fast-rising JD.com has Alibaba looking over its shoulder N *



---

MANUFACTURING

Ship – Chinese Shipping Majors Splash $2.5b for 30 Giant Valemaxs WSJ

Ship – This Yard Is So Unprofitable It’s Turning Into a Parking Lot B *



---

TECH

Watches – Clock ticking as Swiss await recovery R

Watches – Swiss face another challenging year R *



---

TRADE & TRANSPORTATION




---

COMMODITIES

Diamonds – It’s a Great Time to Buy, But Fewer People Want One B *

Diamonds – De Beers reports higher demand FT *

Gold – Posts Biggest Quarterly Gain in Decades WSJ *

Gold – China Goes Prospecting for Mines WSJ *

Copper – Turned Into Precious Metal as Miners Loath to Sell B *

Copper – World’s top producer bemoans spectre of speculators FT *

Copper – China Imports Jump 36% to Record as State Buying Eyed B *

Copper – China stockpiles intrigue market FT / FT

Copper – Miners pin hopes on electric cars as China falters FT

Steel – Price recovery threatened by slowing China demand FT / B *

Steel – Cheap imports put US under pressure FT * *



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ENERGY & ENVIRONMENT




---

HEALTH




---

ENDNOTE

Photos taken by locals and tourists in LA motw *



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---

Today’s Issue Cluster: Coal

US – BofA: The Biggest Part of the Economy Might Be Rolling Over
Fed – By One Measure, Rates Are Already Negative
US – Student Debt Is Holding Back Millennials? Not So Fast



---

MAJOR DATA POINTS

EZ – Mar: Inflation revised up; 0.0% was -0.1% / eu

US – Mar: Consumer Prices Rose for First Time in 4 Months; +0.1%, core +0.1% / WSJ / R

US – Week: Jobless fell; -13k to 253k / WSJ / R



---

MARKETS

US – Japanese serve as early warning signal for stocks FT *

US – Tighter supply, tougher rules rattle key funding market R *



---

ECONOMICS

US – BofA: The Biggest Part of the Economy Might Be Rolling Over B *

US – Weak Retail Sales in March Augur Ill for Q1 Growth WSJ

US – ‘Everything’s Looking Up for Consumers, So Why Aren’t They Spending?’ B * *

US – Credit cycle has already turned; defaults to rise FT *

US – ‘Wages must fuel growth until credit recharges’ b *

US – Braces for Worst Earnings Season Since 2009 Crisis B *

US – ‘The Coming Default Wave Is Shaping Up to Be Among Most Painful B * *

US – Chinese Investment Rises to Record B *

US – Cheap Oil Means Record Trade Surplus With Opec wsj *

US – Economists Trim Estimates for Growth, Jobs WSJ *

US – Philly Fed Coincident Indexes Increased in 43 States / cr *

US – Slow recovery / t *

US – Is “Overdeveloped”: study science *

US – Top imports by state / motw *



---

POLITICS & FISCAL POLICY

US – M&A deals worth $370b torpedoed by Obama administration FT *



---

MONETARY POLICY

Fed – Lockhart pulls support for April rate hike R / FT

Fed – Beige Book: Higher Wages in Nearly All Regions WSJ / R

Fed – Yellen Says Near Full Employment B

Fed – Would Negative Rates Work in the US? WSJ

Fed – By One Measure, Rates Are Already Negative WSJ *

Fed – The Market Might Lose This Fight WSJ *



---

FINANCE

US – Five ‘living wills’ rejected WSJ / FT / R / NYT / B / AP *



---

REAL ESTATE

US – Student Debt Is Holding Back Millennials? Not So Fast wsj *

US – More Luxury-Home Sellers Drop Their Asking Prices WSJ *

US – Apartment Market Shows Signs of Losing Steam WSJ *

US – Apartment Vacancy Rate increased / cr *

US – Office Vacancy Rate declined / cr *

US – Mall Vacancy Rate unchanged / cr *

US – Hotel Occupancy Rate Tracking just behind Record Year / cr *



---

LABOR & EDUCATION

US – Asia has replaced LatAm as biggest source of immigrants pew *



---

SERVICES




---

MANUFACTURING




---

TECH




---

TRADE & TRANSPORTATION

Rail – CSX Revenue Falls 14% as Coal Shipments Continue to Drop WSJ



---

COMMODITIES




---

ENERGY & ENVIRONMENT

Coal – Peabody Files Chapter 11 Bankruptcy WSJ / FT / R / B / NYT * * *

Coal – The Market Bets Everybody Got Wrong B * * *

Coal – As Future Grows Murkier, Banks Pull Financing NYT

Coal – Technology to Make Clean Energy Is Stumbling in Practice NYT

Oil – IEA Sees Oversupply Almost Gone in H2 on Shale Drop B / FT / AP / WSJ / R *

Oil – When will the ‘call’ on US supply return? B * *



---

HEALTH




---

ENDNOTE

SF Bay’s public rail system in subway-style, 1937 motw *



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---

Today’s Issue Cluster: Shipping

Nigeria – Promise turns to peril as investors head for the exits
Crops – GM Acreage Declined in 2015
Oil – Price optimism grows as Brent climbs to 2016 high



---

MAJOR DATA POINTS

China – Mar: Exports Rise, But Caution Prevails; +11.5% from -25.4% / WSJ / FT / WSJ *

EZ – Feb: Industrial output dips; -0.8% from +1.9% / AP

US – Mar: Retail sales fall on weak auto purchases; -0.3% from flat / WSJ / R

US – Mar: Producer Prices Fell; -0.1% from -0.2% / WSJ / R



---

MARKETS

World – Lessons from recent market turbulence ft *

World – Why do investors buy negative yield bonds? FT *



---

ECONOMICS

World – IMF lowers GDP growth forecast to 3.2% WSJ *

World – IMF warns global economy growing too slowly FT * *



---

POLITICS & FISCAL POLICY

Nigeria – Seeks ‘cheapest possible money’ to finance infrastructure FT *

Nigeria – Grapples With Abrupt End to Rapid Growth WSJ *

Nigeria – Dollar crunch adds to fuel crisis FT *

Nigeria – Promise turns to peril as investors head for the exits B *



---

MONETARY POLICY




---

FINANCE




---

REAL ESTATE




---

LABOR & EDUCATION




---

SERVICES

Music – Sales growing at fastest rate since 1998 FT *

Music – YouTube terms put labels in a spin FT / WSJ *



---

MANUFACTURING




---

TECH




---

TRADE & TRANSPORTATION

Ship – Mergers to Remake Global Alliances WSJ *

Ship – New York’s Port Shoots for No. 1 Spot WSJ *

Ship – Panama Canal expansion faces a new problem: Not enough water G&M *

Ship – Oil glut leaves supertankers in a huge jam R

Ship – Floating storage draws interest B *



---

COMMODITIES

Crops – China corn exports loom as reserves bulge FT

Crops – US Corn Imports Surge, Despite Record Harvests at Home WSJ *

Crops – GM Acreage Declined in 2015 NYT / FT

Crops – Farmers Get Biggest US Subsidy Check in Decade as Prices Drop B *



---

ENERGY & ENVIRONMENT

Oil – Price optimism grows as Brent climbs to 2016 high FT / WSJ *

Oil – OPEC Warns of Deeper Cuts to Demand Forecast on Slowdown B *

Oil – Banks Face New Headache on Loans WSJ *

Oil – Winners and losers amid the oil price crash FT * * *

Oil – Opec should cheer India’s thirst for crude FT *



---

HEALTH




---

ENDNOTE

World GDP Per Capita fool *



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---

Today’s Issue Cluster: Health Tech

Yen – Surge Could Be a Good Thing for Japan’s Economy
Cloud – Billing by Millionths of Pennies, Giants Take In Billions
Shale – Feels credit squeeze as banks grow cautious



---

MAJOR DATA POINTS

US – Mar: Import Prices Up; +0.2% from -0.4% / WSJ

US – Mar: NFIB small business confidence hits new two-year low; 92.6 from 92.9 / R



---

MARKETS

Yen – Surge piles pressure on Tokyo FT *

Yen – Ceiling Appears Political WSJ *

Yen – Why the It Is Causing Headaches in Tokyo WSJ / WSJ *

Yen – Strength is scary on many levels FT *

Yen – Surge Could Be a Good Thing for Japan’s Economy B *



---

ECONOMICS

India – Mystery $9b in Extra Cash Perplexes B *

India – Modi’s rural income promise leaves farmers, experts cold R *



---

POLITICS & FISCAL POLICY




---

MONETARY POLICY

RBI – India Policy Might Finally Be Paying Off WSJ / FT / WSJ *

RBI – Rajan supercharges rate cut by easing bank funding squeeze B *



---

FINANCE




---

REAL ESTATE




---

LABOR & EDUCATION




---

SERVICES




---

MANUFACTURING




---

TECH

Cloud – Billing by Millionths of Pennies, Giants Take In Billions NYT

Cloud – Google’s Ambitions / statista *



---

TRADE & TRANSPORTATION

AVs – Car gadgets expected to crunch insurers FT

AVs – A fleet of trucks just drove themselves across Europe q / FT *

AVs – Experts tell regulators to slow down AP



---

COMMODITIES




---

ENERGY & ENVIRONMENT

Shale – Oil Advances to Four-Month High as US Production Slides B *

Shale – As US drillers suffer, even the bankrupt keep pumping oil R

Shale – Feels credit squeeze as banks grow cautious R *



---

HEALTH

Tech – Healthcare ripe for disruption B *

Tech – IBM Positions Itself as Large Data Broker WSJ / nyt

Tech – Medical Records Still Entering Digital Age 538 *

Tech – Mobile health apps are becoming more capable E * *

Tech – Healthcare apps battle to be taken seriously FT *

Tech – Data security threat scars digital healthcare FT

Tech – Big pharma seeks digital solution to productivity problem FT

Tech – Digital technology pushes out frontiers of healthcare FT

Tech – Sober reality disrupts digital healthcare boom FT

Tech – Whole-genome breakthrough promises tonic for healthcare FT



---

ENDNOTE

Ice cream and IQ e *



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---

Today’s Issue Cluster: Steel

World – Goldman’s Bric Era Ends as Fund Folds After Years of Losses
Ads – Coming to You Live From Facebook, a Lure Back to TV
Oil – Saudi Gambit Moves to Phase Two



---

MAJOR DATA POINTS

China – Mar: Producer price deflation eases; -4.3% from -4.9% / FT

China – Mar: Consumer inflation stable; 2.3% / AFP



---

MARKETS

World – EM Capital Outflows to Ease in 2016 WSJ

World – EMs face significant capital outflows FT *



---

ECONOMICS

World – Economic recovery ‘in danger of stalling’ FT * *

World – Fifth year of weak trade growth FT *

World – Goldman’s Bric Era Ends as Fund Folds After Years of Losses B *



---

POLITICS & FISCAL POLICY




---

MONETARY POLICY

World – Negative interest rate battle lines drawn FT * *

World – Spending Cuts Escalate Clashes Over Monetary Policy WSJ *



---

FINANCE




---

REAL ESTATE




---

LABOR & EDUCATION




---

SERVICES

Ads – US newspapers raise alarm over new blocker Brave FT / FT *

Ads – Worries about fraud may prompt an online shake-out E * *

Ads – Coming to You Live From Facebook, a Lure Back to TV B *



---

MANUFACTURING

Robots – Gain Traction With Supply Chain Managers WSJ

Robots – China’s army set to surge FT * *

Robots – Chances of Workers Being Replaced by Automation / statista *



---

TECH

China – Rival to Uber Valued at Over $25b WSJ *

China – Online services sector is red-hot FT *

Japan – Tech Hunts for Restart Button WSJ *



---

TRADE & TRANSPORTATION




---

COMMODITIES

Steel – Poster Child For Oversupplied Commodity Markets B *

Steel – Tata UK sale likely to spur European shake-up N *

Steel – Hard to see a future for world’s high-cost producers E *

Steel – China workers face turmoil AFP

Steel – China faces trouble at mill FT * *

Steel – China says its overcapacity will remain FT



---

ENERGY & ENVIRONMENT

Oil – Rises Most in Two Months on US Output Drop B *

Oil – Reports of rally’s death premature as inventories decline B *

Oil – Saudi Arabia Will Only Freeze If Iran Joins B *

Oil – Iran’s return has been underwhelming, but just wait WSJ *

Oil – Saudi Gambit Moves to Phase Two B *

Oil – Iraq Production Growth to Slow / b *

Gulf – States must make big changes to face the future E *

Gulf – States will be forced to tap debt markets, warns Moody’s FT *

Gulf – A Complex Map of Sunnis and Shiites NYT * *



---

HEALTH




---

ENDNOTE

Country flags: Primary colors predominate *



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---

Today’s Issue Cluster: China

HK – Rising China risk tarnishes business hub luster
PBOC – Monetary Easing Is Starting to Hit Home
China – Faces struggle to recast steel workers for service sector



---

MAJOR DATA POINTS

US – Feb: Wholesale inventories fall sharply; -0.5% from -0.2% (was +0.2%) / R



---

MARKETS

China – Bulls Become an Extinct Species WSJ

China – Renminbi bears rethink currency bets FT *

China – Has currency truce been declared? FT * *

China – Currency moves sow confusion FT *

China – IMF Pressing for More Disclosure on Currency Operations WSJ *

China – Forex reserves rise for first time in five months FT

China – Forex Losses Jumped 13-Fold, Investors Brace for More B *

China – Stanches Flow of Money Out of the Country NYT *

China – Currency Victory Hides Scars of War WSJ *

China – Beijing Quietly Signals Growing Market Confidence WSJ *

HK – China Traders Flee to Hong Kong in Record Stock-Buying Streak B *



---

ECONOMICS

China – Stabilizes but economists warn on stimulus risk FT *

China – New economy groups outperform FT *

China – Workers ‘to account for 12% of global consumption’ FT * * *

China – Industry profit margins set to remain under pressure FT *

China – Innovation Sputters WSJ

China – Upheavals in taste and shopping habits FT *

China – Piece of the global art market is shrinking WSJ *

Taiwan – Faces a testing transition FT *



---

POLITICS & FISCAL POLICY

China – Never-ending stimulus: Adding up local debt B *

HK – Rising China risk tarnishes business hub luster AP



---

MONETARY POLICY

PBOC – Monetary Easing Is Starting to Hit Home B * *



---

FINANCE

China – Bank profits flat-line as bad debts continue to soar R / FT / WSJ *

China – Banking system is large / t *



---

REAL ESTATE

China – Price falls keep property developers grounded FT *

China – Subprime Housing Risks Raise Red Flags WSJ *

China – Battered Property Stocks Are Cheap for a Reason WSJ *



---

LABOR & EDUCATION

China – Where Oil Workers Have Job Security WSJ *

China – Faces struggle to recast steel workers for service sector FT *



---

SERVICES




---

MANUFACTURING




---

TECH




---

TRADE & TRANSPORTATION




---

COMMODITIES




---

ENERGY & ENVIRONMENT




---

HEALTH




---

ENDNOTE

Photos taken by locals and tourists in Hong Kong motw *



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---

Today’s Issue Cluster: Nuclear

BOJ – Fast Approaching the Quantitative Limits of Quantitative Easing
IOT – Nest May Offer Revolv Owners Compensation
Crops – Corn Slumps After US Plantings Forecast Exceeds Estimates



---

MAJOR DATA POINTS

US – Week: Jobless claims fall; -9k to 267k / R / WSJ



---

MARKETS




---

ECONOMICS




---

POLITICS & FISCAL POLICY




---

MONETARY POLICY

Fed – Leaning Against Rate Rise in April WSJ / FT / NYT / R / B *

Fed – Cautious Approach on April Raises Stakes for June B / WSJ * *

BOJ – Yen’s surge casts shadow over recovery ambitions FT / B / FT / FT *

BOJ – Fast Approaching the Quantitative Limits of Quantitative Easing B *



---

FINANCE

Japan – Rebounding Yen poses a risk to ‘Abenomics’ WSJ *



---

REAL ESTATE




---

LABOR & EDUCATION

Japan – Why Economy Is Laboring WSJ *



---

SERVICES

Retail – Alibaba Surpasses Walmart zh *

Retail – Walmart is slashing prices and innovating FT * *

Retail – Amazon Struts Its Fashion Sense WSJ *



---

MANUFACTURING




---

TECH

Mobiles – Huawei Smartphone to Challenge Apple and Samsung WSJ *

Mobiles – Xiaomi misses 80m sales target by 10m WSJ *

Mobiles – With Galaxy S7, Samsung seen rediscovering its mojo R

Mobiles – BlackBerry’s Handsets Are Stuck on Hold WSJ *

Mobiles – Sharp, Under Foxconn, Aims to Excel in Smartphone Displays WSJ *

IOT – Nest May Offer Revolv Owners Compensation tt *

IOT – Smart-Home Gadgets Still a Hard Sell WSJ



---

TRADE & TRANSPORTATION




---

COMMODITIES

Crops – Fertilizer price declines hit M&A among nutrient groups FT * *

Crops – US farmers stampede into corn despite low prices FT *

Crops – Corn Slumps After US Plantings Forecast Exceeds Estimates B *

Crops – Banks press palm oil growers over environmental standards FT

Crops – Coconuts Go Upscale WSJ *

Crops – Chinese shell out for peanuts while US inventories at record high FT * *



---

ENERGY & ENVIRONMENT

Nuclear – Japan’s restart stymied by courts FT / AFP

Nuclear – Japan utility to scrap reactor over heavy safety costs AFP

Nuclear – Five years after Fukushima E *

Nuclear – EDF’s French plant faces years of further delay FT

Nuclear – EDF’s troubles rooted in caution FT *

Nuclear – Amid a Graying Fleet of Plants, a Hunt for Solutions NYT

Nuclear – Percentage of electricity by US state PopMech *



---

HEALTH




---

ENDNOTE

Most common currency names in the world motw *



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---

Today’s Issue Cluster: Automated Vehicles

Defense – The World Has Started Spending More on Weapons
Sands – Alberta’s Great Boom Is Poised to End in 2018
Pharma – Drug shortages prompt question: are some too cheap?



---

MAJOR DATA POINTS

X



---

MARKETS

World – Oil price: Shot in the arm misses economic target FT * * * *



---

ECONOMICS




---

POLITICS & FISCAL POLICY




---

MONETARY POLICY

ECB – Will Bank Dominate Europe’s Corporate-Bond Market? WSJ *

ECB – Helicopter spotting ft * *



---

FINANCE

World – Banking risks: Basel’s trickle-down FT *

World – Investment banks face sharp trading falls in tough climate FT *

World – Basel said to weigh change that could ease derivatives capital B *



---

REAL ESTATE

World – Valuations in globalised cities are rising faster E *



---

LABOR & EDUCATION




---

SERVICES




---

MANUFACTURING

Defense – The World Has Started Spending More on Weapons B / FT * *



---

TECH




---

TRADE & TRANSPORTATION

AVs – China’s Companies Poised to Take Leap in Developing a Driverless Car NYT

AVs – Volvo: Cars confused by shabby US roadways R *

AVs – Brakes pressed on short-term prospects for self-driving cars FT

AVs – Driverless carmakers call for US rules FT

AVs – GM strikes $1b deal in driverless car race FT

AVs – Car Makers Hunger for Self-Driving Tech WSJ *

AVs – UK driverless trucks plan picks up speed FT

AVs – Moody’s forecasts US adoption ‘several decades’ away R



---

COMMODITIES

Cotton – Investors shun ICE’s world futures contracts FT *

Cotton – Cargill loses head of $2b unit FT *



---

ENERGY & ENVIRONMENT

Shale – The Odd Man Out WSJ *

Shale – Feds: Risk of 2016 quake increases, especially in OK AP / B *

Sands – Alberta’s Great Boom Is Poised to End in 2018 B *



---

HEALTH

Pharma – Pfizer to Walk Away From Allergan Deal WSJ / FT / WSJ * *

Pharma – Drug shortages prompt question: are some too cheap? R



---

ENDNOTE

How Old Are National Flags di *



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---

Today’s Issue Cluster: Oil

EU – German Economy Now Looks Like Laggard
Ship – Lost in Nicaragua, a Chinese Tycoon’s Canal Project
Water – El Nino-induced proves to be ‘disappointing’ for CA



---

MAJOR DATA POINTS

US – Mar: JOLTS jobs openings fell more than expected; 5.45m from 5.54m / bi

US – Mar: ISM services heats up; 54.5 from 53.4 / ft

US – Feb: Trade deficit rises; -$46.2b from -$45.9b / WSJ / R



---

MARKETS




---

ECONOMICS

EU – German Economy Now Looks Like Laggard NYT *

EU – Europeans have warped views of their neighbors, and themselves E *

EU – Top partner for exports is US / eu *

EU – Spanish Political Logjam Hits Consumers as New Vote Looms B *

EU – Spain’s economic recovery powers ahead FT *



---

POLITICS & FISCAL POLICY

EU – New poll: Podemos’ fall opens door for PP + Ciudadanos / ElMundo *

EU – The centre left is in sharp decline E * *



---

MONETARY POLICY

SR – Sweden Has Most Important Central-Bank Petri Dish on Earth WSJ *



---

FINANCE

EU – UK banks sublet office space after staff cuts FT *

EU – Banks face US capital hit unless rules converge FT

EU – New rules, old problems FT *

EU – Uptake on ECB Loans Slows as New TLTRO Program Readied B *



---

REAL ESTATE




---

LABOR & EDUCATION




---

SERVICES




---

MANUFACTURING




---

TECH




---

TRADE & TRANSPORTATION

Ship – Lost in Nicaragua, a Chinese Tycoon’s Canal Project NYT

Ship – Arctic thaw opens waterways R *



---

COMMODITIES

Water – El Nino-induced proves to be ‘disappointing’ for CA cr * *

Water – Forecaster sees La Nina possibly succeeding El Nino R



---

ENERGY & ENVIRONMENT

Oil – Extends Declines as US Seen Expanding Glut B *

Oil – Speculators Bet Rally’s Over as Doubts Grow on Output Freeze B *

Oil – Bet on higher prices looks crowded FT

Oil – Thirst for Gasoline Fuels Rally WSJ *

Oil – The US Is a Big Importer Again B *

Oil – Winners and losers from price slump bi *

Oil – Firms Slow Exploration WSJ *

Oil – US O&G sector reboots to survive FT *

Oil – Slim Is In as Drillers Trim Spending WSJ *

Oil – Explorers Face Challenge to Secure Financing WSJ *

Oil – Want to Bet on Companies? It’s All About the ZIP Code WSJ *

Oil – Coming to the Oil Patch: Bad Loans to Outnumber the Good WSJ *

Oil – Saudi Arabia loses market share FT / B *

Oil – Saudi Arabia to Sell Stake of Aramaco by 2018 B / FT *

Oil – Saudi Arabia Plans $2t Megafund B *

Oil – Iran’s storage struggle holds back exports to Europe R / FT *

Oil – Rosneft is running to stand still FT *

Oil – Light on Cash, Russia Weighs Risks of a Heavy Tax on Oil Giants NYT

Oil – ‘Teapot’ refiners help propel China’s W. African bookings R *

Oil – Helicopters Are Unlikely Victim of Downturn WSJ *



---

HEALTH




---

ENDNOTE

Most famous cartoon characters by EU country motw *



---




---

Today’s Issue Cluster: US Labor

Fed – A Single Indicator Explains Reaction Function
Space – Private Spending Is Headed for a New Record
Trade – Presidential campaign roils Obama’s free-trade plans



---

MAJOR DATA POINTS

EZ – Feb: Jobless rate falls marginally; 10.3% from 10.4% / AFP / WSJ

US – Feb: Factory Orders Down; -1.7% from +1.6% / CNBC



---

MARKETS

US – Investors Turn More Negative on Dollar WSJ *



---

ECONOMICS




---

POLITICS & FISCAL POLICY




---

MONETARY POLICY

Fed – Jobs Report Gives Yellen Only Half of What She Wants B * *

Fed – Upbeat employment figures allow a wait-and-see approach WSJ *

Fed – Higher Participation Takes Heat Off WSJ *

Fed – A Single Indicator Explains Reaction Function B *



---

FINANCE

US – Why Banks Are Better Off Than You Think, And Real Estate Isn’t WSJ *



---

REAL ESTATE

US – Another Condo Bust Looms in Miami WSJ

US – How Tech Figures Into Fast-Changing REIT Markets IBD

US – Impact on home furnishers from rising competition B *



---

LABOR & EDUCATION

US – Maintains solid jobs growth FT *

US – Fewer Got Hired or Quit Their Jobs WSJ * *

US – Change in Participation Rate Since 2000 By Race & Age / b *

US – Growing labor force belies grim mood FT *

US – ‘Wages Are Imperfect Window Into Health of Labor Market’ B *

US – Payrolls Climbed in 36 States B *

US – Contract Workforce Outpaces Growth in ‘Gig’ Jobs WSJ *

US – The Entire Online Gig Economy Might Be Mostly Uber wsj * *

US – NY Path to $15 Minimum Wage: Uneven, and Bumpy NYT / R / WSJ *

US – CA $15 Minimum Wage Has Some Worried NYT / AP / wapo *

US – Illegals Are More Likely to Work Than Natives, For Less WSJ *

US – ‘Manufacturing Jobs Are Never Coming Back’ 538 *

US – Carrier Workers See Costs, Not Benefits, of Global Trade NYT *

US – The Coming Extinction of the Video Store Clerk wsj * * *



---

SERVICES

Space – Bezos’s Blue Origin Is a Step Closer WSJ

Space – Private Spending Is Headed for a New Record B *



---

MANUFACTURING

Autos – US: Sales Pace Drops to Slowest in 13 Months B / WSJ * *

Autos – Tesla: Reservations for Model 3 Surpass $10b WSJ / FT / R / B *



---

TECH

Tech – ‘There are going to be lots of dead unicorns’ FT

Tech – Goldman: There’s a Huge Difference Between the Bubble and Today B *



---

TRADE & TRANSPORTATION

Trade – Forces of Globalization Are Sputtering WSJ *

Trade – Presidential campaign roils Obama’s free-trade plans AP

Trade – Business Lobby: Election-Season Opposition Will Blow Over WSJ

Trade – At what price? E * *



---

COMMODITIES




---

ENERGY & ENVIRONMENT




---

HEALTH




---

ENDNOTE

Most famous cartoon characters by US state motw *



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