24 March 2016



Today’s Issue Cluster: eTaxis

Fed – Bullard Sees Case for April Hike as Inflation Set to Pick Up
Crops – Ethanol Bust Adds to Losses Across Corn Belt
Solar – Once a Darling, Spanish Company Abengoa Faces Reckoning


MAJOR DATA POINTS

US – Feb: Durable Orders Fell; -2.8% from +4.2% (was +4.7%) / WSJ

US – Week: Jobless Claims Rose; +6k to 265k / WSJ / R


MARKETS

US – Investors snap up inflation-proofed Treasury bonds FT *

US – Buying Dollars Gets Pricey WSJ *


ECONOMICS

US – How Perceptions Have Changed in Just Three Months WSJ * *


POLITICS & FISCAL POLICY



MONETARY POLICY

Fed – Bullard Sees Case for April Hike as Inflation Set to Pick Up B

Fed – Dovish tone suggests may overshoot 2% target FT *

Fed – Goldman: Stop Worrying So Much About the Stronger Dollar B *


FINANCE



REAL ESTATE

US – Turning Point? Commercial-Property Sales Plunge in February WSJ *

US – Modest Expansion for Architecture Billings / cr *

US – Homeownership increasingly difficult: report R

US – Widening Home-Price Gap Makes Trading Up Harder WSJ *

US – Tighter inventory is helping drive home prices higher WSJ *

US – Lawler: “Shortfall” Almost All in Moderately Sized Homes cr *

US – More and More People are Renting; Thank the Suburbs WSJ *


LABOR & EDUCATION



SERVICES



MANUFACTURING



TECH

eTaxi – Convoy Sees Itself as the Uber of Local Trucking NYT

eTaxi – Indonesia Seeks App Solution After Taxi Protest WSJ

eTaxi – Ola Rivalry With Uber Takes Nasty Turn in India WSJ / FT *

eTaxi – Didi Kuaidi to Raise $1b WSJ

eTaxi – Kakao Close to Monetizing Taxi-Hailing Service WSJ

eTaxi – Lyft to Launch Car-Rental Program WSJ / FT

eTaxi – Uber and Lyft won’t crimp car sales in near term R

eTaxi – Uber seeking to buy self-driving cars R

eTaxi – Uber: a route out of the French banlieues FT *

eTaxi – Uber Drivers Up Against the App NYT

eTaxi – Uber Spends Big on International Expansion WSJ

eTaxi – Uber losing $1b/yr to compete in China R / FT

eTaxi – Uber Rolls Out Motorcycle Service in Bangkok WSJ / FT

eTaxi – ‘The Uber Model Doesn’t Translate’ nyt


TRADE & TRANSPORTATION



COMMODITIES

Crops – Ethanol Bust Adds to Losses Across Corn Belt B * *

Crops – Global Sugar Shortage Outlook Raised by Green Pool on El Nino B *


ENERGY & ENVIRONMENT

Solar – Once a Darling, Spanish Company Abengoa Faces Reckoning NYT *

Solar – Ivanpah Plant May Be Forced to Shut Down WSJ *


HEALTH



ENDNOTE

Which US state has the weirdest accent? bi *


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