Sunday, May 04, 2014

QUICK OVERVIEW


  • Springfield, MO, breaks May 4 high temp record with 91 F. Old record: 89, set in 1952
  • Earliest 100F ever in Wichita KS today..

  • Tehran says it is capable of shipping "big volumes" of gas to Europe if required as Russia threatens Ukraine's energy supplies. 

  • PMI for China's non-manufacturing sector gained 0.3 % MoM to 54.8 % in April. 
  • Warren Buffett calls for greater punishment for Wall Street rule breakers: The Billionaire says authorities should come down harder on individuals rather than the companies that employ them.. 

  • (AP) Older mice got stronger, exercised longer and performed better mentally after they were injected with blood from young mice, or even just with a substance (protein called GDF11 ) that's more abundant in younger blood, U.S. researchers found.. 

  •  (Bloomberg) Gaming revenue from the six casino operators in Macau, the only place in China where casinos are legal, rose 11% to 31.3 billion patacas ($3.92 billion) in April, Macau’s Gaming Inspection and Coordination Bureau said. 

  • U.S. job growth increased at its fastest pace in more than two years in April, suggesting a sharp rebound in economic activity early in the second quarter. 

  •  U.S. Fed announced that it would continue to reduce the amount of money it is pumping into the recovery, as it sees consistent improvement in the economy. 

  • A ranking of the competitiveness of the world's top 25 exporting countries says the United States is once again a "rising star” and has it at #2 – after China. 

  • U.S. durable goods orders rise 2.6% in March suggesting strength in manufacturing and the broader economy at the end of the first quarter. 

  • The National Endowment for Financial Education released a poll that showed only 13% of Americans considered home ownership as their “top long term financial goal,” down from 17% in 2011. 

  •  In Q1 mortgage lending declined to the lowest level in 14 years. 

  • The FCC’s chairman Tom Wheeler has confirmed reports that proposed changes to internet governance will abandon net neutrality principles and says companies can charge extra for some types of traffic so long as it's "commercially reasonable."… 

  • Per IMF, the economic growth in Asia is projected to remain steady at 5.45% in 2014 and 5.5% in 2015 

  • BOJ holds pat on further easing, on course for 2% inflation target. 

  • Japan's March jobless rate steady at 3.6% (Guardian) 

  • China says more than half of its groundwater is polluted: Number of groundwater sites of poor or extremely poor quality rose to 59.6%. 

  • British GDP grows 0.8% in Q1 2014 

  • Greece sells five-year bonds at 4.5% rate

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