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BLOOMBERG: Japanese stocks advanced for a second day after a better-than-expected report on U.S. jobs sent the yen to a month low against the dollar, lifting the shares of companies dependent on overseas sales. . . . READ MORE
WALL STREET JOURNAL: Japan's current account surplus shrank sharply in April as the global slump kept exports weak and eroded offshore earnings for Japanese companies. . . . READ MORE
JOBLESS NUMBERS ARE WORSE
THAN WHITE HOUSE EXPECTED
VOA NEWS: The White House says America's employment picture is worse than the Obama administration had anticipated just a few months ago. . . . U.S. unemployment jumped a half percent in May, to 9.4 percent . . . READ MORE
'UNDERLYING TENSIONS' AMONG
OBAMA'S ECONOMIC ADVISERS
AIRLINES: $9 BILLION IN LOSSES
GUARDIAN: Airlines will lose $9 billion this year, nearly double previous forecasts, as carriers fight to stay afloat . . . READ MORE
BOND-MARKET BEARS
KIPLINGER'S: A 27-year bull market in bonds is over and a brutal bear market is under way, says Tom Atteberry, co-manager of FPA New Income. That's bad news for bond investors, particularly those holding Treasurys and municipal IOUs. . . . READ MORE
GOLD UP, DOLLAR DOWN
REUTERS: Gold prices inched up on Monday as the dollar weakened, prompting investors to buy back gold after it lost 2 percent late last week when optimism about the economy reduced bullion's safe-haven appeal. . . . READ MORE
MARKET COMMENTARY
WALL STREET JOURNAL: The main White House argument for health-care reform goes something like this: If we spend now on a hugely expensive new insurance program for the middle class, we can save later by reducing overall U.S. health spending. This "tastes great, less filling" theory could stand some scrutiny . . . READ MORE
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