Macro Briefing: 7 May 2018

Lava flows from Hawaii’s volcano eruption intensify: ABC
Iran and Israel issue warnings as deadline nears for Iran nuclear deal: NY Times
N. Korea says Trump’s claims about upcoming summit are “misleading”: CBS
Oil prices rise to 3-1/2 year high: MarketWatch
Nafta trade talks face critical juncture this week: Reuters
Democrats under pressure to focus on economy: The Hill
US job growth rebounded in April after sluggish rise in March: Reuters
Germany’s manufacturing orders fell for 3rd month in March: MarketWatch
California to become first state to require solar panels in new homes: Tech Times
California’s economy now world’s 5th largest, ahead of UK: LA Times
PMI survey data shows global economic activity ticked up in April: IHS Markit