28 September 2015



Today’s Issue Cluster: US Economy

Silicon Valley – India Replaces China as Next Big Frontier for Tech Companies
Platinum – VW scandal could end supremacy over palladium
Hurricanes – People Are Moving To The Coast Amid The Lull


MAJOR DATA POINTS

US – Aug: Pending Home Sales Index Down; -1.4%, +6.1% yr / WSJ / AP / R / B

US – Aug: Consumer Spending Up; +0.4% from +0.4% / WSJ / R / AP


MARKETS

US – Bonds Flash Warning Sign WSJ * *


ECONOMICS

US – 2nd Quarter GDP Grows 3.9% WSJ *

US – Household Wealth Sets Record WSJ *

US – Philly Fed State Coincident Indexes increased in 41 states / cr *

US – Chemical Barometer Suggests Economy Under Pressure BB *

US – Economists have next downturn occurring in 2018 B *


POLITICS & FISCAL POLICY

Spain – Independence parties win in Catalonia FT / R / B / WSJ *

Spain – Catalan Vote Sets Odds on Secession WSJ *

Spain – Strives to soothe fears over Catalonia FT *

Spain – Highway Tolls Help Drive Catalonia Toward Exit WSJ *


MONETARY POLICY

Fed – Yellen reiterates expectations of 2015 rate rise FT / WSJ / R / B / AP

Fed – Decision to hold rates adds to the uncertainty FT * *


FINANCE



REAL ESTATE



LABOR & EDUCATION

US – Immigration Downturn Has Contributed to the Construction-Worker Shortage wsj *


SERVICES

Ads – Blocking Is a Hot Topic for Media Executives WSJ

Ads – Big Publishers’ Fraud Rate is 2.8%, Wider Web’s is 11% WSJ

Ads – Marketers thought the Web would allow perfect targeting BW * *


MANUFACTURING

Autos – VW: Did ambition to become the world’s top carmaker lead to cheating? FT / NYT *

Autos – VW: Scandal Socks Auto-Parts Makers Bn *

Autos – VW: Auto-Parts Makers Hit by Scandal WSJ *

Autos – VW: Europe Embraces Real-World Emissions Testing WSJ / FT / WSJ *


TECH

Silicon Valley – India Replaces China as Next Big Frontier for Tech Companies NYT / FT

Silicon Valley – US-EU Data-Transfer Pact Should Be Invalidated, Says Advocate General WSJ / FT / NYT

Silicon Valley – Why Europe isn’t creating any Googles or Facebooks AP

Silicon Valley – Australian version an unlikely dream: experts ABC


TRADE & TRANSPORTATION



COMMODITIES

Platinum – VW scandal could end supremacy over palladium R * *

Iron – China’s appetite wanes Aus / FT *


ENERGY & ENVIRONMENT

Hurricanes – Looks like mild year forecast got it right WSJ *

Hurricanes – Florida’s Dry Spell Lasts WSJ *

Hurricanes – People Are Moving To The Coast Amid The Lull 538 * *


HEALTH



ENDNOTE

Western Pacific Typhoons / bm *


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