Macro Briefing: 6 August 2018

Trump says his son met Russian for political dirt on Clinton: BBC
Tax cuts drive surge in profits at big US firms: WSJ
JPMorgan Chase’s Dimon: “be prepared” for 5% yield on 10yr Treasury: Bloomberg
Turkish lira at record low after US says it’s reviewing trade with Turkey: Reuters
PMI: Global economic growth dips to 4-month low in July: IHS Markit
US trade deficit widened in June for first time in 4 months: Bloomberg
US Services PMI reflects strong growth in July: IHS Markit
ISM Non-Mfg Index fell to 11-month low in July: MarketWatch
Nonfarm payrolls up by less-than-expected 157,000 in July: CNBC
US economy added jobs for 94th month as wage growth remains muted: WaPo
Bankruptcy rate among older Americans up sharply since 1991: NY Times