9 March 2015



Today’s Issue Cluster: US Labor

Lumber – Producers brace for end of long truce in US-Canada wars
Rail – A Third Blast on Oil Trains Stirs Scrutiny
Coal – Have Newcastle prices emerged from half decade of decline?


MAJOR DATA POINTS

Japan – Q4: Revises growth downward; -1.5% / AP / B / WSJ / FT / b *

China – Feb: Exports surge on US demand; +48% yr / AFP / B / FT / WSJ / B *

Germany – Jan: Exports post biggest drop in five months; -2.1% from +2.8% / R / AP *


MARKETS

Bonds – Rise as ECB Fires Up QE Program WSJ

Bonds – Munis Headed for a Rough Patch WSJ * *

Bonds – Chinese companies flock to euro debt FT *

Bonds – How firm a foundation? FT * * * * *


ECONOMICS



POLITICS & FISCAL POLICY



MONETARY POLICY

Fed – Brisk Jobs Growth Puts Focus on Yellen WSJ *

Fed – Jobs Numbers Make Work WSJ * *

Fed – Some Officials Think Economy Is Already at Full Employment wsj *


FINANCE

US – Tougher stress test challenge looms in round two FT / WSJ *


REAL ESTATE

Lumber – Producers brace for end of long truce in US-Canada wars G&M


LABOR & EDUCATION

US – Sluggish Productivity Hampers Wage Gains WSJ

US – Labor-force participation near 36-year low wsj *

US – Full-time jobs has not recovered yet wsj *

US – Takeaways: Hiring Shows Momentum wsj *

US – Takeaways: Full Employment? Maybe Not wsj *

US – Takeaways: Wage Growth In a Rut wsj *

US – Takeaways: Downshift in Factory Hiring wsj *

US – Takeaways: Misery in the Oil Patch wsj *

US – Wages Rise at Restaurants as Labor Market Tightens WSJ * *

US – Walmart pay rise obscures shift in labor market FT * *

US – Work Stoppages Decline Along With Union Membership wsj *


SERVICES



MANUFACTURING



TECH

Mobiles – Apple: Smartwatch Push Into High-End Fashion WSJ *

Mobiles – Apple: From ‘Niche’ Stock to Juggernaut WSJ *

Mobiles – Apple: Crunch time for Watch bulls and bears FT * *

Mobiles – Samsung: Ring the changes FT * * *

Mobiles – Microsoft Plays Waiting Game in Smartphone Race WSJ *

Mobiles – Smartphone market share / r *


TRADE & TRANSPORTATION

Rail – CSX Expects Coal Shipments to Fall at Least 5% WSJ

Rail – A Third Blast on Oil Trains Stirs Scrutiny NYT / AP / B / WSJ *


COMMODITIES

Steel – Iron ore falls below $60 on China cuts vow FT / WSJ / ABC *

Steel – Falling iron ore prices have a downside N / N *


ENERGY & ENVIRONMENT

Coal – Glencore Faces Hit From ‘Big Play’ WSJ *

Coal – Glencore’s output cut set to warm market FT * *

Coal – Poland to push EU on subsidies FT

Coal – ‘China tries to ditch addiction’ R / FT / WSJ

Coal – Have Newcastle prices emerged from half decade of decline? R *


HEALTH

H3N2 – Virulent Flu Strain in Europe Hits Economy WSJ *

H5N2 – Deadly bird flu strain jeopardizes turkey exports AP

H5N1 – Nigeria bird flu spreads to four more states R / R / TheGuardian

H7N9 – Second Canadian Resident Tests Positive WSJ / AP / X


ENDNOTE

The most popular street names in each state wapo *


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