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May 17, 2016

The Guardian | Business | Economics | Global Economy - May 18 (00:01 BST): Worse Economies Threatens to Gains Against Poverty - ILO by Philip Inman

theguardian.com

Phillip Inman
 
Worsening economic conditions in Asia, Latin America and the Arab world threaten to undo decades of progress in reducing global poverty, according to a report by the International Labour Organisation. The UN agency warned that a third of workers earned less than the “moderate poverty threshold” of $3.10 (£2.10) a day, and many were in precarious jobs without basic social protections such as healthcare and welfare benefits.

The Guardian | World | Japan - May 18, 2016: Japan's Annaul Growth Rate Jumps to 1.7% on Back of Consumer Spending

theguardian.com

Japan sidestepped a recession with annualised growth of 1.7% in the first quarter of 2016, preliminary data showed on Wednesday. But the reading underscored how the drive for a firm recovery in the world’s number three economy is not gaining traction.

The Washington Post | DC Politics - May 17, 2016: House Advances Bill to Nullify D.C. Ballot Measure, Assert Financial Control over City.

washingtonpost.com
 

A congressional committee on Tuesday nullified a ballot measure passed by District voters and then declared that D.C. can never spend local tax dollars without congressional approval.

The Washington Post | World Views - May 17, 2016: "Pope Francis Says Islam and Christianity Share an Idea of Conquest"


WSJ | Forex Closing on May 17, 2016

The Wall Street Journal Forex Closing
Major Currencies
Tuesday, May 17, 2016

WSJ | Major Indexes Closing on may 17, 2016

The Wall Street Journal Major Indexes Closing
Major Indexes 5:45 p.m. EDT 05/17/16

DealBook P.M. Edition on May 17, 2016: Top Story: Breakingviews: In Time of Turmoil, Pandora Considers Selling Itself.

 
Tuesday, May 17, 2016
TOP STORY
Traders at the New York Stock Exchange wore Pandora Media insignia on the company's first day of trading in 2011.
Breakingviews: In Time of Turmoil, Pandora Considers Selling Itself A costly acquisition, an abrupt leadership change and a lack of song rights suggest the company is floundering. Its rivals, Spotify and Sirius XM, could make sense as partners.

WSJ | Biggest Decliners Closing on May 17, 2016.

The Wall Street Journal Biggest Decliners Closing
Biggest Decliners
4:31 pm ET 05/17/2016
NYSE

WSJ | Biggest Gainers Closing on May 17, 2016.

The Wall Street Journal Biggest Gainers Closing
Biggest Gainers
4:46 pm ET 05/17/2016
NYSE

WSJ | Most Actives Closing on May 17, 2016.

The Wall Street Journal Most Actives Closing
Most Active Stocks by Volume
4:31 pm ET 05/17/2016
NYSE

Wall Street at Close Report by CNBC on May 17, 2016: Dow Closes Down Triple Digit; Nasdaq Worst Day Since April 7.

cnbc.com

Evelyn Cheng
 
U.S. stocks closed lower Tuesday, amid gains in oil prices, after renewed investor concerns about a Fed moving sooner rather than later.

CMI Spot Prices at Close on May 17, 2016.

Spot Prices as of traditional New York closing times

Tuesday, May 17, 2016


 

European Markets at Close Report by CNBC on May 17, 2016: Europe Stocks Close Mixed as Autos Weigh; Fiat Down 6%: Vodafone Rallies

cnbc.com

Arjun Kharpal, Holly Ellyatt
European stocks finished in negative territory on Tuesday with major benchmarks dragged lower by the autos industry.

GATA | THE GATA DISPATCH - May 17, 2016: 2 Articles: Bullion Star's Ronan Manly Examines The London Platinum and Paladium Market | Armed Gangs Confound Venezuela's Bid to Exploit Gold Mines.


Submitted by cpowell o May 17, 2016. 
May 17, 2016

FRB Press Release - May 17, 2016: G.17 - Industrial Production and Capacity Utilization.

www.federalreserve.gov


Release Date: May 17, 2016
 
Industrial production increased 0.7 percent in April after decreasing in the previous two months. Manufacturing output rose 0.3 percent after declining the same amount in March.

BLS Consumer Price Index News Release - May 17, 2018: On a Seasonally Adjusted Basis the Consumer Price Index for All Urban Consumers Increased 0.4% in April after Rising 0.1 % in March.

Bureau of Labor Statistics

CPI for all items increases 0.4% as gasoline, shelter, food indexes rise

05/17/2016
On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers increased 0.4 percent in April after rising 0.1 percent in March. The index for all items less food and energy rose 0.2 percent in April after rising 0.1 percent in March.

 

U.S. Stock Market Future Indications Update by MarketWatch on May 17, 2016. U.S. Stocks Futures Seesaw as Oil Rally Fades.

marketwatch.com
 
Sara Sjolin
 
Wall Street was set for a choppy open on Tuesday, with stock futures struggling for direction as investors assess a faded rally in oil prices and wait for key inflation data.
Futures for the Dow Jones Industrial Average YMM6, -0.23%  rose 14 points, or 0.1%, to 17,678, while those for the S&P 500 index ESM6, -0.22%  gained 0.30 point to 2,063. Futures for the Nasdaq 100 index NQM6, -0.13%  rose 5 points, or 0.1%, to 4,379.75.
Apple Inc. shares AAPL, +3.71% , up by 1.1% premarket, helped lift the Nasdaq. The stock built on a 3.7% jump on Monday, which came after Warren Buffett’s Berkshire Hathaway Inc. BRK.B, +0.32%  disclosed in a regulatory filing it had bought a 9.8 million-share stake during the first quarter.
More broadly, U.S. stocks closed with gains across all three benchmarks on Monday, as a surge in oil prices and a rally in tech stocks overshadowed weaker-than-expected manufacturing data from the New York region.
Buffett's Berkshire Hathaway takes $1 billion Apple stake
Apple stock closed higher Monday after SEC filings revealed that Warren Buffett's Berkshire Hathaway took a $1 billion position in the tech company in the first quarter of 2016. Photo: Bloomberg News
Oil in the driver’s seat: A rise in crude prices helped lift U.S. stock futures early in Tuesday’s premarket session, but shares started to trim advances after oil headed lower.
West Texas Intermediate crude oil CLM6, +0.15%  rose 6 cents to $47.78 a barrel, paring a gain of as much as 1.5% earlier in the session. Brent LCON6, -0.51% gave up 13 cents to $48.84.
Crude had jumped more than 3% on Monday after Goldman Sachs said the oil market is now in a supply shortfall.
Read: Why Libya could be the biggest threat to recovering oil prices
Shares of oil giant Chevron Corp. CVX, +1.54%  rose 0.6% ahead of the bell, while Transocean Ltd. RIG, +2.49%  added 0.2%.
Economic news: Inflation numbers are the story of the day, with the April consumer price index for April due out at 8:30 a.m. Eastern Time.
Core inflation is forecast to inch down to 2.1% from 2.2% year-over-year, but still stay around the Federal Reserve’s target of 2%.
“If we see another month or two of inflation at these higher levels, it may be enough to convince the Fed that it can raise rates again and stick to its plan of raising gradually rather than hold off and risk having to raise sharply,” said Craig Erlam, senior market analyst at Oanda, in a note.
Three Fed speakers are on the docket Tuesday. San Francisco Fed President John Williams and Atlanta Fed President Dennis Lockhart will discuss the economy at a Politico event in Washington, D.C. at noon Eastern Time.
Dallas Fed President Rob Kaplan will moderate a Q&A at a Fed community forum in Midland, Texas at 1:15 p.m. Eastern.
Among other data releases Tuesday, readings on housing starts and building permits are due at 8:30 a.m. Eastern, followed by industrial production and capacity utilization at 9:15 a.m. Eastern. All data sets are for April.
See MarketWatch’s economic calendar.
Movers & shakers: Shares of LendingClub Corp. LC, +12.25%  slid 12% ahead of the bell after the online lender late Monday revealed a Justice Department investigation and unveiled a potential, dramatic shift in its business model.
Perrigo Co. PLC PRGO, +0.42%  lost 3.4% premarket after the maker of health care products said its fourth-quarter loss was bigger than it reported last week. The result update reflects a smaller tax benefit than originally reported.
Home Depot Inc. HD, +1.66%  climbed 2% premarket after the retailer raised its 2016 earnings outlook and reported first-quarter results ahead of expectations.
TJX Cos. TJX, +3.45% will also report earnings ahead of the bell.
Other markets: Shares in Asia ended mostly higher as markets got a boost from rising oil prices. It was the same story in Europe, where all major benchmarks traded higher.
Metals were mostly lower, while the dollar DXY, +0.07%  traded mixed against other major currencies.

NYT First Draft on Politics - April 17, 2016: Donald Trump Borrows From the Sanders Playbook to Woo Democrats.

Tuesday, May 17, 2016

The New York Times

The New York Times

Tuesday, May 17, 2016


Senator Bernie Sanders of Vermont at a stop in Bowling Green, Ky., on Saturday.
Senator Bernie Sanders of Vermont at a stop in Bowling Green, Ky., on Saturday. Austin Anthony/Daily News, via Associated Press
Donald Trump Borrows From the Sanders Playbook to Woo Democrats
By ASHLEY PARKER AND JONATHAN MARTIN

RT News - May 17, 2016: U.S. Predicted That Sanctions Would Tear Russian Economy Apart, but They Didn't - Finance Minister

rt.com
 
Sanctions have failed to cause significant damage to the Russian economy as the United States predicted, Russian Finance Minister Anton Siluanov said in an interview Tuesday to Rossiya 24 TV channel.

The Guardian | World | Development | Global Development - May 17, 2016: Why Women Die in Childbirth and How Can Women Deliver Without Cash?

theguardian.com
 
Why do women still die in childbirth? It is partly a matter of healthcare provision in poorer countries and global policy, but it is also a matter of rights. Actor Emily Watson explains.

DealBook Today's Top Headlines - May 17, 2016: Election Years Are Steeped in Markets' Least Favorite Thing, Uncertainty | Gannett Sweetens Offer for Tribune Publishing | Activist Pushes for Sale of Pandora

 
Tuesday, May 17, 2016
TODAY'S TOP HEADLINES
By AMIE TSANG
ELECTION YEARS ARE STEEPED IN MARKETS' LEAST FAVORITE THING, UNCERTAINTY What explains the lack of deals and initial public offerings, the volatile stock markets, cuts in company spending and stalling gross domestic product? Perhaps it is Hillary Clinton and Donald Trump, Andrew Ross Sorkin writes in his DealBook column.

Bloomberg View - May 17, 2016 on May 17, 2016: U.S. Rig Numbers Say Growth Can't Keep on Truckin'

bloomberg.com
 
Mark Gilbert
 
A couple of months ago, I looked through the data on goods being shipped across the world's oceans and reached the conclusion that the various indexes were signaling bad news for the global economy.

U.S. Stock Market Future Indications by MarketWatch on May 17, 2016: U.S. Stock market Future Seesaw as Oil Rally Fades

marketwatch.com

Sara Sjolin
 
Wall Street was set for a choppy open on Tuesday, with stock futures struggling for direction as investors assess a faded rally in oil prices and wait for key inflation data.

Asian Markets at Close Report bt MarketWatch on May 17, 2016: Asian Markets get Bost From Rising Oil Prices.

marketwatch.com
 
Dominique Fong 
Shares in the Asia-Pacific region ended mostly higher on Tuesday as Brent crude oil neared $50 a barrel.

The Guardian | UK | Media | Media Briefing - May 17, 2016: Today's Media Stories From The Papers.

theguardian.com

Top story on MediaGuardian

BBC to drop online recipes as part of slimmed-down website
The broadcaster has agreed to remove 11,000 recipes from its website as part of savings intended to stop it competing with newspapers

NYT | Opinion Pages - OP-ED Columnist Paul Krugman on May 16, 2016: It Takes a Plicy.

nytimes.com

Paul Krugman
 
U.S. politicians love to pose as defenders of family values. Unfortunately, this pose is often, perhaps usually, one of remarkable hypocrisy.