5 August 2014



Today’s Issue Cluster: Autos

Ukraine – Buildup Makes Russia Battle-Ready
Shale – Nigeria oil imports from US almost match exports
Delivery – Walmart Canada free shipping may soon become the new normal


MAJOR DATA POINTS

Indonesia – Q2: GDP Grows at Slowest Pace in Five Years; +5.12% from +5.22% / WSJ / AFP *

EZ – Jun: Retail Sales Growth Highest Since Early 2007; +0.4% from +0.3% / WSJ *

US – Jul: ISM Services Sector Expands; 58.7 from 56.0 / WSJ / R / AP / B *

US – Jul: Markit services growth dips, still strong; 60.8 was 61.0 / R * *

US – Jun: Factory orders rise solidly; +1.1% from -0.6% / R *


MARKETS

Bonds – Investors blow froth off junk market FT *

Bonds – Municipal Debt Ebbs As Banks Loan IBD *


ECONOMICS



POLITICS & FISCAL POLICY

Ukraine – Buildup Makes Russia Battle-Ready NYT / B

Ukraine – US chicken farmers latest caught in Russia sanction crosshairs R

Ukraine – Year of BICs for Pimco as Brazil to China Gain B *


MONETARY POLICY



FINANCE

US – Insurers Post Lackluster Results WSJ / BW

US – Struggling Life-Insurance Companies Look to Middle-Class for Revival WSJ *


REAL ESTATE



SERVICES

Delivery – As Walmart Canada declares ‘war’ in online retail, free shipping may soon become the new normal CP / AP

Delivery – For FedEx and UPS, a Cheaper Route: the Post Office WSJ *


MANUFACTURING

Autos – World: New car sales up 3% in Q2 N *

Autos – China: Luxury carmakers slash prices FT / WSJ / WSJ *

Autos – China: Foreign Makers Introduce the Car Loan WSJ *

Autos – China: Mercedes-Benz Sales Surge WSJ / R / q *

Autos – Japan: After hybrid success, Toyota gambles on fuel cell AP

Autos – India: Finding Utility WSJ *

Autos – US: Sales growth slowed in July R / AP / FT / WSJ / NYT *

Autos – US: Auto sales party seen increasingly dependent on easy money R *

Autos – US: EPA Asks Car Makers to Road Test Fuel-Economy Claims WSJ *

Autos – US: Sales of Big SUVs Pulling the Weight at GM NYT

Autos – US: The Recovery of Heavy Truck Sales cr *

Autos – US: BMWs Made in America Surging as Biggest Car Export B / FT

Autos – Mexico: BMW to build $1b car plant FT / R

Autos – Mexico: Speeding Past Brazil in Cars BW *

Autos – Venezuela: Industry in a Free Fall WSJ

Autos – EU: Carmakers put the champagne on ice as sales inch forward FT / WSJ * * *

Autos – EU: VW and Fiat Chrysler deny report of merger talks R / ft

Autos – EU: Peugeot and Fiat discussed merger FT

Autos – EU: Daimler chief warns on potential for cyber attacks on cars FT / R

Autos – Mena: Ford targets ‘final frontier’ of Africa and Middle East FT

Autos – Turkey: Carmakers boost exports as domestic sales falter N *


TECH

Chips – Sales Tracking Toward Another Record in 2014 WSJ

Chips – Betting that Moore’s Law won’t matter in the internet of things q * *


TRADE & TRANSPORTATION

Digital – Data protectionism FT * *


COMMODITIES

Sand – Demand Takes Off Thanks to Fracking WSJ *


ENERGY & ENVIRONMENT

Shale – Big Spenders Needn’t Fight the Fed WSJ *

Shale – US: Dispute Flares Over Burned-Off Natural Gas WSJ *

Shale – Africa oil trade with US wanes after revolution FT *

Shale – Nigeria oil imports from US almost match exports B *


LABOR & EDUCATION



HEALTH

Insurance – More Surgery, Maternity Care, ER Visits Boost Hospital Admissions WSJ / NYT *


ENDNOTE

How liberal or conservative are America’s cities? e *


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