3 August 2016



Today’s Issue Cluster: Autos



MAJOR DATA POINTS

EZ – Jul: Markit PMI rose; 53.2 from 53.1 / FT

US – Jul: ADP Private Payrolls Rose; +179k from +176k / WSJ / R / B *

US – Jul: ISM Services Slows; 55.5 from 56.5 / MW


MARKETS



ECONOMICS

US – Struggling Economy Propped Up by Consumer-Spending B * * *

US – 3 of past 4 quarters revised lower / WSJ *

US – Weakest recovery since 1949 / WSJ *

US – Economy Is Again Under the Sway of Asset Prices WSJ *


POLITICS & FISCAL POLICY

US – Defense Wins With Trump, Health Care Under Clinton: Highland B *


MONETARY POLICY



FINANCE

US – $18b credit card debt spree sparks fears FT

US – Two Groups Test Tolerance for New Banks WSJ *

US – Big Banks Vie for Instant Payment Market NYT / WSJ *

US – Big Banks Turn Silicon Valley Competition Into Profit B * *


REAL ESTATE

US – Fragile Economy Now Facing a Slowdown in Building Boom B

US – Something Is Odd About the Latest Construction Data B *

US – CoreLogic House Prices up 5.7% / cr *

US – Homeownership Rate Drops to Lowest Since 1965 B / wsj *


LABOR & EDUCATION



SERVICES



MANUFACTURING

Autos – US: Boom shows signs of ending FT / WSJ / B / WSJ / NYT * *

Autos – US: The owner-driver model is under pressure FT *

Autos – US: Thieves Go High Tech to Steal Cars WSJ *

Autos – China: Used car market: fast and spurious FT *

Autos – China: Drivers Find Advertised Fuel Economy a Fiction WSJ *

Autos – China: Dirty race for clean vehicles E *

Autos – Singapore: In the Land of $87k Corollas, Cars Got Pricier Again B *

Autos – EU: Brexit Could Crimp Recovery WSJ / FT

Autos – Diesel: French probe cannot rule out cheat FT

Autos – UK: Factories face uncertain future after Brexit * *

Autos – Russia: Weak Ruble Allows Export of Cars It Doesn’t Make B *

Autos – VW: A handbrake turn in its US strategy FT * *

Autos – VW: Dealers Fume While Waiting for Fix WSJ / WSJ *

Autos – VW: Coming SUV to Represent a Shift in Culture WSJ

Autos – VW: On track to regain global crown from Toyota FT

Autos – GM: Raises full-year outlook as profits jump FT / WSJ *


TECH



TRADE & TRANSPORTATION



COMMODITIES



ENERGY & ENVIRONMENT



HEALTH



ENDNOTE

State capitol buildings reddit *


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