5 May 2014



Today’s Issue Cluster: US Labor

Bonds – Corporate pensions bet even as prices seen falling
Security – FBI warns healthcare sector vulnerable to cyber attacks
Pharma – Stands to profit by cleaning out its medicine chests


MAJOR DATA POINTS

China – Apr: Services Industry Index Rises Amid Slowdown Concern; 54.8 from 54.5 / B / CD

China – Apr: HSBC Manufacturing PMI Rises Slightly; 48.1 from 48.0 / WSJ / B / AP / b *

US – Apr: ISM Non-Manufacturing Index Rose; 55.2 from 53.1 / B / R / AP / r r * *


MARKETS

Bonds – Europe Rides the Reflation Trade WSJ *

Bonds – Corporate pensions bet even as prices seen falling R *

M&A – High-yield bonds boost Europe hopes FT *

M&A – Takeovers Put Fuel in Stocks’ Empty Tank WSJ * *


ECONOMICS

Australia – Warned of Looming Debt Crisis WSJ

Australia – Weighs austerity moves as cuts loom FT / B * *

Australia – Targets tax avoidance by multinational tech groups FT


POLITICS & FISCAL POLICY

Ukraine – Pro-Kiev Group Steps In to Defend Odessa WSJ / FT / NYT / AP / bi * *

Ukraine – In Latvia, Tensions Mount Under Russia’s Gaze WSJ *

Ukraine – Obama, Merkel threaten broader Russia sanctions AP / FT / WSJ *

Ukraine – Russia Warns of Gas Supply Disruption to Europe WSJ / NYT *

Ukraine – US banks cut exposure to Russia FT


MONETARY POLICY



FINANCE



REAL ESTATE



SERVICES

E-Cigs – Some Deliver a Puff of Carcinogens NYT


MANUFACTURING



TECH

Security – FBI warns healthcare sector vulnerable to cyber attacks R

Security – Global shipping fleet exposed to hacking threat R


TRADE & TRANSPORTATION



COMMODITIES

Rubber – Thailand to Sell Large Stocks WSJ / WSJ *

Cotton – Slim Pickings Send Prices Soaring WSJ

Cotton – Crown Threatened by Manmade Fibers WSJ *


ENERGY & ENVIRONMENT



LABOR & EDUCATION

US – Job Growth Gathers Strength FT / WSJ / NYT / AP / FT *

US – Positive Jobs Report Shows Economic Fault Lines WSJ *

US – Workforce Participation at 36-Year Low B / WSJ / r *

US – At April’s rate, payrolls will pass pre-recession peak next month / r *

US – New entrants and re-entrants to the U.S. labor market / r *

US – Gap between part-timers and unemployment rate continues to widen / b *

US – April Employment Report / cr / cr * *

US – Two charts / q * *

US – Labor Shortages Pop Up, but Wage Growth Still Lags wsj *

US – Tight Job Market Prompts Higher Pay B * *

US – Wage Pressure Begins to Build WSJ *

US – Industries with most job creation pay the least wapo *

US – Far More Low-Wage Jobs Than Better-Paid Ones NYT *

US – Unemployment: A long-term trap FT * *

US – Best predictor of long-term unemployment is economy at that time 538 *

US – Business Economists See Brighter Outlook for Job Growth wsj *

US – Help Wanted Signs Are Popping Up in Cities BW *

US – ND has largest percentage increase in employment from 2003 to 2013 BLS *

US – Vital Signs: 2.5 Unemployed People for Each Job Opening wsj *

US – Declines in job losses have outpaced the rate of gross job creation / b *

US – Decline in New Businesses Suggests Satisfied Workers WSJ *

US – More People Are Quitting Their Jobs, but Not Enough WSJ *

US – Labor Shortage Besets Home Builders WSJ *

US – Manufacturing hubs face uphill struggle to create jobs R * * *

US – Women Have Recovered Jobs Lost in Recession, Men Haven’t wsj *


HEALTH

Pharma – AstraZeneca Rejects Pfizer Bid WSJ / FT / FT * * * * *

Pharma – Stands to profit by cleaning out its medicine chests R


ENDNOTES

More density means more Democrats wapo *


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