Macro Briefing: 4 May 2018

US-China trade talks end with no deal: Bloomberg
US warns China over militarization of the South China Sea: Reuters
US job cuts fall 40% in April after surging in March: CG&C
Jobless claims in US rise after falling to lowest level since 1969: MW
Worker productivity in US rose at sluggish rate in Q1: WaPo
US Services PMI ticks up to 3-mo high in April, signaling solid growth: IHS Markit
ISM Mfg Index: growth downshifts in US services sector in April: CNBC
Solid pace of US factory orders points to ongoing mfg growth: Freight Waves
S&P 500 tests 200-day moving average intra-day and then bounces higher: