Macro Briefing: 7 August 2018

Ex-Trump aide testifies he committed crimes with Manafort: The Hill
US hits Iran with new economic sanctions: The Guardian
EU vows to counter US sanctions on Iran: Politco
As Brexit deadline approaches, UK looks to the Trump factor: Bloomberg
Beijing says China will not surrender to US ‘trade blackmail’: CNBC
India-US trade dispute is simmering: CNBC
California wildfire, largest in state history, continues to rage: Reuters
Corporate boards have ok’d 80% rise in stock buybacks vs. year ago: NY Times
Analysts lowered S&P 500 Q3:2018 earnings estimates by 0.6%: Factset