24 April 2015



Today’s Issue Cluster: Shale

US – Part-time labor ‘slack’ may be nearing its end
TPP – Japan, US move closer on autoparts
H5N2 – Bird flu cuts into egg, poultry exports in Iowa, Midwest


MAJOR DATA POINTS

Germany – Apr: Ifo business confidence in sixth increase; 108.6 from 107.9 / AP / b *

US – Mar: Durable Orders Rise Due to Auto, Aircraft Demand; +4.0% from -1.4% / WSJ / AP

US – Mar: Orders for Business Equipment Fall for Seventh Month; -0.5% from -2.2% / R / B / b *


MARKETS

Nasdaq – Climbs to a Record, Again Fueled by Tech WSJ / FT *

Nasdaq – Surge Lifts Internet Boosters of the Past WSJ *


ECONOMICS

US – Consumers Open Their Wallets, Cautiously WSJ *

US – Japan Overtakes China as Largest Bondholder WSJ / FT / N *

US – Latest Sign of Emerging Inflation WSJ *

US – Influence Hinges on Future of Dollar, Yuan WSJ *

US – Philly Fed Coincident Indexes increased in 46 states / cr *

US – 6th longest US economic expansion since the 1850s / bi *


POLITICS & FISCAL POLICY

US – Congress Is Tiptoeing Away From Spending Curbs WSJ *


MONETARY POLICY

Fed – Rate Decisions Hang on Dollar, Growth Concerns WSJ *

Fed – Prepares toolkit for higher rates FT * *


FINANCE

US – Ex-Fed chief calls for regulatory shakeup FT / R

US – Main Street banks struggle at the core FT

US – Small banks may have better earnings than giants WSJ *


REAL ESTATE

US – Nearing Peak, Home Price Gains to Slow Bn *

US – As California Drought Drags On, Home Builders Vie for a Voice WSJ *

US – AIA: Architecture Billings Index increases / cr *


LABOR & EDUCATION

US – Part-time ‘slack’ may be nearing its end R * *


SERVICES

Telecoms – Comcast walks away from $45b TWC deal WSJ / FT / NYT / WSJ / NYT / WSJ / WSJ * * *

Telecoms – Comcast Formally Kills Deal WSJ / NYT / B / R

Telecoms – Cablevision Offers Packages Aimed at Cord-Cutters WSJ

Telecoms – Resistance to Verizon FiOS Promotion WSJ / NYT


MANUFACTURING



TECH



TRADE & TRANSPORTATION

TPP – Deal Gives Obama Authority but Builds In a Delay NYT / NYT / wapo

TPP – Japan, US move closer on autoparts N / N

TPP – ‘Fighting the secret plot to make the world richer’ E * *


COMMODITIES



ENERGY & ENVIRONMENT

Shale – The US revolution FT * * * *

Shale – US production peak over N *

Shale – Oil at $65 Seen Freeing 500k bpd Fracklog B

Shale – 4,700 drilled but uncompleted wells in the US B / B / b *

Shale – Maps Pinpoint Earthquakes Linked to Drilling NYT / AP / WSJ / AP *

Shale – OK overtakes CA as state with most seismic activity / b *

Shale – Fracking’s New Legal Threat: Earthquake Suits WSJ

Shale – Fracking breaches ‘hidden from public’ FT

Shale – ND to join WY lawsuit against federal fracking rules AP

Shale – German Cabinet Approves Anti-Fracking Draft Law WSJ

Shale – Cnooc shelves project FT / C


HEALTH

H5N2 – Bird flu cuts into egg, poultry exports in Iowa, Midwest AP

H5N2 – USDA starts on potential vaccine AP

H5N2 – CDC eyeing bird flu vaccine for humans AP


ENDNOTE

English most studied foreign language wapo *


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