Macro Briefing: 7 December 2018

Trump to name State Dept spokeswoman as UN Ambassador: The Hill
Congress OKs short-term spending bill to avert gov’t shutdown: Reuters
Fed Chair Powell says US labor market ‘very strong’: Bloomberg
ISM Non-Mfg Index in Nov near highest print in 13 years: MW
By contrast, US Services PMI for Nov reflects relatively slow growth: IHS Markit
Factory orders fell in Oct — biggest monthly slide in more than a year: Reuters
US productivity grew 2.3% in Q3, slower vs. Q2: Fox
US jobless claims fell last week, but remain near 5-month high: MW
Trade deficit for US increased to a 10-year high in Oct: CNBC
US private employment growth slowed in Nov to +179k: ADP
US job cuts fell in Nov vs. Oct, but annual change is up over 50%: CG&C
PMI: Global economic growth edged up in Nov, reaching 3-mo high: IHS Markit