9 May 2014



Today’s Issue Cluster: US Real Estate

Shadow Banking – World: Taking on a growing share of business
Drones – Military Use Expands
Ads – Media firms are making big bets on online video


MAJOR DATA POINTS

China – Apr: Inflation Cools, +1.8% from +2.4% / WSJ / B / X / b * *

China – Apr: PPI drops; -2.0% from -2.3% / X *

US – Mar: Wholesale stockpiles rise; +1.1% from +0.7% / AP / r *

US – Mar: Job openings dip; 4.0m from 4.1m / U / b *


MARKETS

EU – Low Bond Yields Don’t Tell the Whole Story WSJ *


ECONOMICS

World – Sector PMIs shows that healthcare services leads sector growth rankings / m *

World – France & Italy Construction Worst Performing Markit PMI Indexes; Ireland Services & U.K. Construction Best / b *

World – Forbes 2000 / forbes *


POLITICS & FISCAL POLICY

Thailand – Political turmoil imperils foreign and domestic investment FT / NYT / FT * *


MONETARY POLICY

ECB – Draghi Ready to Cut Rates in June FT / WSJ / NYT / R / AP / B / FT / FT / nyt * *

ECB – One currency, divergent economies E *

BOE – Votes to keep rates and QE on hold FT / R / WSJ


FINANCE

Shadow Banking – World: Taking on a growing share of business E / E / E / E / E * * * * * * * *

Shadow Banking – US: Fed Homes In WSJ

Shadow Banking – China: Every time regulators curb one form of non-bank lending, another begins to grow E / FT / G&M * *


REAL ESTATE

US – Key Democrats Signal Opposition to Fannie-Freddie Overhaul WSJ / WSJ / R

US – Cash Cures Mortgage Blues WSJ *

US – High-Rise Apartment Buildings Sprout in Downtowns Nationwide WSJ *

US – Housing Rebound Boosts Gypsum Wallboard Suppliers IBD

US – Number of Metropolitan Areas With Rising/Declining Home Prices / b *

US – NYC More Unaffordable huffpo * * * *


SERVICES

Ads – Omnicom and Publicis Call Off $35b Merger WSJ / FT / NYT / R / B

Ads – Media firms are making big bets on online video, still an untested medium E *


MANUFACTURING

Drones – Military Use Expands defenseone * *

Drones – Patrol Abe Lincoln’s Railroad in Vision for Future B

Drones – News media challenge ban on journalism drones AP / WSJ

Drones – Becoming Energy’s New Roustabouts NYT *


TECH

Telecoms – Industry Executives Say Cable Merger Would Hinder Choice FT / WSJ / NYT

Telecoms – Merkel backs consolidation FT


TRADE & TRANSPORTATION



COMMODITIES

Fish – Price jump threatens to make salmon a luxury buy FT *

Livestock – China Launches New Round of Pork Stockpiling WSJ

Livestock – France to ban pigs and byproducts from North America, Japan over virus R


ENERGY & ENVIRONMENT



LABOR & EDUCATION



HEALTH

Tech – Where Does It Hurt? Log On. The Doctor Is In WSJ * *


ENDNOTES

There Are Hundreds of TV Channels and Counting, People Continue to Watch Just 17 of Them wsj *


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