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Macro Briefing | 31 July 2020

Summary:
Trump suggests delaying US election; GOP and Dems reject the idea: Reuters No deal in sight in Congress for virus relief bill: Bloomberg Hurricane Isaias threatens US east coast in the days ahead: NHC Big Tech reports strong growth in earnings and revenue: WSJ Coronavirus has strengthened power and reach of Big Tech: CNN Eurozone GDP fell dramatically in Q2, posting biggest decline on record: DW China’s economic recovery continues in July via PMI survey data: SCMP Weekly jobless claims continue to rise sharply–up 1.434mm last week: CNBC US GDP crashed in Q2, dropping 32.9% at seasonally adjusted annual rate: MW

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Trump suggests delaying US election; GOP and Dems reject the idea: Reuters
No deal in sight in Congress for virus relief bill: Bloomberg
Hurricane Isaias threatens US east coast in the days ahead: NHC
Big Tech reports strong growth in earnings and revenue: WSJ
Coronavirus has strengthened power and reach of Big Tech: CNN
Eurozone GDP fell dramatically in Q2, posting biggest decline on record: DW
China’s economic recovery continues in July via PMI survey data: SCMP
Weekly jobless claims continue to rise sharply–up 1.434mm last week: CNBC
US GDP crashed in Q2, dropping 32.9% at seasonally adjusted annual rate: MW

Macro Briefing | 31 July 2020

James Picerno
James Picerno is a financial journalist who has been writing about finance and investment theory for more than twenty years. He writes for trade magazines read by financial professionals and financial advisers. Over the years, he’s written for the Wall Street Journal, Barron’s, Bloomberg Markets, Mutual Funds, Modern Maturity, Investment Advisor, Reuters, and his popular finance blog, The CapitalSpectator.

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