23 August 2016



Today’s Issue Cluster: Automated Vehicles



MAJOR DATA POINTS

US – Jul: New Home Sales Rise 12.4% to Highest Level Since 2007; 654k from 582k / WSJ / B / R *

EZ – Aug: PMI up slightly; 53.3 from 53.2 / FT / WSJ


MARKETS



ECONOMICS

China – Provinces fall short on coal and steel capacity cuts FT


POLITICS & FISCAL POLICY

China – Fiscal hole is bigger, but under control E *


MONETARY POLICY



FINANCE

China – Best Bank Called ‘Mirage’ of Shadow Lending B *


REAL ESTATE

China – More Signs Property Market Is Cooling Off B *

China – Property Prices Showing Signs of Cooling / b *


LABOR & EDUCATION

China – Grappling With Hidden Unemployment B *

China – Factories Count on Robots as Workforce Shrinks WSJ *


SERVICES



MANUFACTURING

AVs – Delphi, Mobileye Join Forces to Develop Self-Drive System WSJ / B / R

AVs – A fork in the road for driverless cars FT *

AVs – Uber buys Otto; teams with Volvo R / NYT / BW / FT / WSJ / WSJ *

AVs – Ford Promises Driverless Cars Within 5 Years NYT / WSJ / FT

AVs – Tesla crash in China raises concerns on Autopilot claims FT

AVs – Tesla shifts into reverse on dropping Autopilot label in China FT / WSJ

AVs – Crash Shouldn’t Slow Development, Regulator Says WSJ

AVs – Aviation Experts Suggest Caution Releasing Self-Driving Cars WSJ

AVs – Driverless Cars Threaten to Crash Insurers’ Earnings WSJ / wsj *


TECH

Streaming – Tech Giants Boast an Edge in Music Streaming WSJ *

Streaming – Amazon working on music subscription service for $5 a month R

Streaming – Pandora Nears Deals For On-Demand Streaming WSJ

Streaming – Deezer Enters Crowded US Field WSJ

Streaming – Milk to be Closed by Samsung in US WSJ

Streaming – YouTube’s increase in streaming hits music labels’ revenues FT *

Streaming – Can Netflix stay atop the new broadband-based ecosystem E *

Streaming – Why Hulu Isn’t a Serious Threat to Cable TV WSJ *


TRADE & TRANSPORTATION



COMMODITIES



ENERGY & ENVIRONMENT

NatGas – Glut Upends Global Trade Flows B *

NatGas – Australia LNG Export Boom Pains Santos B *

NatGas – US exports to Mexico to reach another record high / b *


HEALTH



ENDNOTE

The color blue on country flags reddit *


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