The uncertainty with the US-China trade war continues to roil financial markets and business sentiment, but the outlook for the upcoming third-quarter US GDP report is still pointing to moderate growth, based on the latest nowcasts. The chaotic trade negotiations led by President Trump aren’t helping, but the best-guess of several widely followed models remain relatively upbeat.

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Trump’s G7 comments on trade policy create more uncertainty: NY Times
Is a US-China trade deal likely? Don’t count on it: Bloomberg
Johnson & Johnson fined in landmark ruling on opioid crisis: CNBC
Monster rally in bonds leaves active managers behind: Reuters
GDPNow model’s US Q3 growth estimate ticks up to +2.3%: Atlanta Fed
US officials focus on possible ransomware attack against 2020 election: Reuters
US headline durable goods order rose 2.1% in July: MW
Texas mfg output expands at faster pace in August: Dallas Fed
US economic trend strengthened in July: Chicago Fed