Today’s Issue Cluster: NatGas
US – Behind GDP Data Is Reason for Recession Worry: Weak Profits
US – Population Is Swelling in Almost Every State
Cigs – Philip Morris makes a device to heat—rather than burn—tobacco
Japan – Feb: Weak inflation turns up heat on BoJ; flat from flat / FT / AP
SK – Q4: Growth Rate Retreats From a Five-Year High; +0.7% from +1.2% / B
China – Feb: Industrial profits grow fastest since 2014; +4.8% from -4.7% / FT
US – Q4: GDP growth revised up; +1.4% was +1.0% / R / WSJ / AP / B
US – Feb: NAR Pending-Home Sales Jump; +3.5% / WSJ
US – Feb: Consumer spending posts scant increase; +0.1% from +0.1% (was +0.5%) / AP
US – Feb: Income growth slowed; +0.2% from +0.5% / R
US – Feb: Personal consumption expenditures price fell; -0.1%, +1.0% yr / WSJ
US – Too much of a good thing: Profits are too high E * * *
US – Behind GDP Data Is Reason for Recession Worry: Weak Profits B *
US – JPMorgan sees 50% chance of downturn in two years B * *
US – May be heading for stagflation-lite WSJ *
US – Consumer-Spending Machine Needs More Fuel to Keep Pace WSJ *
Fed – Wants Markets to Stop Taking the Dot Plot So Seriously B *
US – Banks face $5b hit from Fed’s more dovish stance FT *
US – Banks Ramp Up Push for Home-Equity Lines WSJ *
US – More Moving to Suburbs Than Cities WSJ *
US – Population Is Swelling in Almost Every State B
*
1-yr data through July 1, 2015
*
Net international migration
*
Net domestic migration
Cigs – Philip Morris makes a device to heat—rather than burn—tobacco BW * *
Cigs – Bill would make CA 2nd state with smoking age of 21 AP / WSJ
Cigs – European court paves the way for plain packaging FT
Cigs – Gas Prices, Vaping Boost Tobacco Firms IBD
Cigs – Study Shows Spread in China NYT
Chips – China Moves to Contend WSJ *
Chocolate – High Cost of Keeping Cool Tempers Online Sales WSJ
Chocolate – Processors Struggle With Factory Glut WSJ
Chocolate – Easter bunny prices jump higher FT *
NatGas – Woodside shelves $40b Browse LNG project FT / WSJ / B / FT *
NatGas – Giant Indonesia Offshore Project Sunk WSJ *
NatGas – Big Oil’s Next Big Energy Problem WSJ *
NatGas – Producers Face Painful Spring WSJ *
NatGas – New Market for US Shale Opens in Europe WSJ
NatGas – North American LNG Exports May Reach 75 MMtpa by 2024 / b *
NatGas – Iraq exports first shipment in its history AP
NatGas – The benchmark price wallows at lows not seen this millennium FT *
The states that have produced the most US presidents bi * *
