25 April 2016



Today’s Issue Cluster: eTaxi Services

US – Millenials Leaving Home
Oil – As Jobs Dry Up, Workers Turn to Solar Sector
Oil – Biggest Retail Gain in Decade Aids Canada Shock Rebound


MAJOR DATA POINTS

Germany – Apr: Ifo business confidence stable; 106.6 from 106.7 / AFP

US – Mar: New home sales drop; -1.5% / R


MARKETS



ECONOMICS

US – State Coincident Indexes Increased in 41 states / cr *


POLITICS & FISCAL POLICY



MONETARY POLICY

Fed – Say Goodbye to the Bank You Once Knew B * *


FINANCE

US – Banks endure biggest drop in revenues since 2011 FT *

US – A Tough Year for Banking Takes Shape NYT / NYT

US – The limits of fasting E *

US – Wall Street’s Oil Crash B * *

US – Banks’ dismal Q1 may spell trouble for 2016 R


REAL ESTATE

US – Millenials Leaving Home Bn

US – Home-Price Surge Stymies First-Time Buyers WSJ

US – Divide Growing Between Affordable and Expensive Cities WSJ *

US – Framing Lumber Prices Up Year-over-year cr *


LABOR & EDUCATION



SERVICES



MANUFACTURING



TECH

eTaxi – Uber Drivers Settle With Ride-Hailing Company in Labor Dispute WSJ / FT / NYT * *

eTaxi – Tipping Is Coming B / WSJ

eTaxi – Uber Overtakes Rental Cars Among Business Travelers B *

eTaxi – Start-Ups Compete in ‘Uber for Children’ Niche NYT

eTaxi – BMW to launch ‘Airbnb for cars’ service in Seattle FT

eTaxi – ‘Uber way more efficient than taxis’ cd *

eTaxi – The prices of New York City taxi medallions / cd *


TRADE & TRANSPORTATION



COMMODITIES

Steel – Surprise rally looks on borrowed time FT *

Steel – China’s ‘zombie’ mills worsen global glut R

Steel – The 54% Rally That Points to China’s Rapid Shift B *


ENERGY & ENVIRONMENT

Oil – As Jobs Dry Up, Workers Turn to Solar Sector WSJ

Oil – Biggest Retail Gain in Decade Aids Canada Shock Rebound B

Oil – From Doha collapse to $45 a barrel: a defining week? FT *

Oil – Saudi Arabia’s Break-Even Price Plunges B *

Oil – US, not Opec, decides the fate of global market E *

Oil – Majors’ $100 Hangover Hurts Profit as Cost Cuts Fall Short B *

Oil – Offshore rig operators reel from price rout FT *

Oil – Looming gasoline glut threatens rebound R

Oil – Producers Lock In Once-Snubbed Prices WSJ *

Oil – Nigeria output forecasts drop sharply FT

Oil – Uganda to export via Tanzania pipeline FT *

Oil – The Rise and Deadly Fall of Islamic State’s Tycoon WSJ *

Oil – How Electric Cars Will Cause the Next Crisis B * * *


HEALTH



ENDNOTE

Most Bank Complaints by State mapitude *


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