Macro Briefing: 7 June 2019

Trump plans to declare new nat’l emergency to impose tariffs: The Hill
Progress reported in US-Mexico trade talks: Reuters
Strong US job growth expected in today’s update for May: Reuters
Is US recession worry overblown? WSJ
Fed faces challenges in offsetting headwinds from trade conflicts: CNBC
German industrial product fell sharply in April: MW
US imports and exports tumbled in April as trade gap narrowed: Bloomberg
US job cuts surged in May, lifting annual change to +86%: CG&C
Jobless claims in US hold steady at low level: CNBC