Macro Briefing: 31 May 2019

Trump threatens new tariffs on Mexico over illegal immigration: Reuters
Will revised NAFTA trade deal survive new US tariffs on Mexico? CNBC
China’s mfg activity contracts by more than expected in May: CNBC
N. Korea reportedly executed envoy over failed Trump-Kim summit: BBG
US pending home sales in April post 16th straight month of annual loss: MW
Fed will consider rate cut if inflation eases and global risks increase: NY Times
US Q1 GDP growth revised down slightly to still-strong +3.1%: CNBC
10yr-3mo Treasury yield curve continues to sink deeper into negative terrain:

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