Macro Briefing: 27 July 2018

Trump threatens sanctions on Turkey for detained pastor: NY Times
US Q2 GDP estimates trimmed after data updates on Thursday: WSJ
Trump says today’s Q2 GDP report will show US economy in “terrific” shape: BBG
ECB, voicing concerns about trade, keeps rates at record lows: MW
US trade deficit widened in June: MW
China appears to have erred in thinking Trump was bluffing on trade: SCMP
Facebook shares collapse 19%, among biggest 1-day stock declines ever: NY Times
Amazon profit surges, far surpassing estimates: LA Times
Jobless claims in US rose last week, but still close to historic low: Reuters
KC Fed Mfg Index points to strong activity in July: Bond Buyer
US durable goods orders up 1% in June, first rise in 3 months: MW