Wednesday's News Links

[Yahoo/Reuters] Japan's wholesale inflation slows for 4th month in July

[Reuters] China's military says it 'drove away' US destroyer in waters of Scarborough Shoal

[Bloomberg] Japan Five-Year Bond Sale Draws Weakest Demand Ratio Since 2020

[Bloomberg] Bessent Dismisses China Investing in US as Part of a Trade Deal

[Bloomberg] China’s Property Crisis Hits New Low With Evergrande Delisting

[NYT] Trump’s Pick to Lead Labor Data Agency Adds to Fears of Political Interference

[WSJ] The Partisan Economist Trump Wants to Oversee the Nation’s Data

[WSJ] Switzerland Asks Whether Its Famed Neutrality Is Fit for the Modern World

[FT] Investors are frogs in a Trumpian pot

[FT] No experts in the room: Donald Trump to meet Vladimir Putin after loss of Russia specialists

Tuesday Evening Links

[CNBC] Stock futures are little changed after market returns to record highs: Live updates

[AP] US July budget deficit up 20% year-over-year despite record Trump tariff income

[AP] Trump’s nominee to oversee jobs, inflation data faces shower of criticism

[Yahoo/Bloomberg] Trump Says He May Allow Lawsuit Against Powell Over Fed Renovation

[Yahoo/Bloomberg] Bessent Hints Fed Should Be Open to a Half-Point Rate Cut

[Axios] Trump appointments could spell breakdown of economic trust

[CNBC] Trump tells Goldman Sachs CEO David Solomon to replace bank’s economist over tariff predictions

[AP] Trump’s takeover of Washington law enforcement begins as National Guard troops arrive

[Bloomberg] US July Tariff Revenue Jump Fails to Halt Wider Budget Gap

[Bloomberg] Leveraged Loan Margins Sink to Junk-Floor Level Over Summer

[WSJ] All E.J. Antoni’s Labor Statistics

[WSJ] Trump Advisers Consider Changes to How Government Collects Jobs Data

[FT] ‘The world is not going to trust our data’: Trump’s BLS pick sparks alarm

Tuesday Afternoon Links

[CNBC] S&P 500 jumps to record high as inflation report gives Fed green light to cut rates: Live updates 

[Axios] Trump's BLS nominee suggests suspending jobs report

[CNBC] Trump threatens Fed chair Powell with ‘major lawsuit,’ demands interest rate cut

[Yahoo/Reuters] Miran calls Fed independence 'paramount' but declines to elaborate - CNBC

[Yahoo/Reuters] Fed's policy rate should stay on hold for now, Schmid says

[Yahoo Finance] Trump blasts Goldman over tariff forecasts, tells David Solomon to 'focus on being a DJ'

[Bloomberg] Trump Says He May Allow Lawsuit Against Powell Over Fed Renovation

[Bloomberg] Trump Pick to Lead BLS Suggested Suspending Monthly Jobs Report

[Bloomberg] Fed’s Barkin Says Balance Between Jobs, Inflation Risks Unclear

[Bloomberg] The Case for Fed Cuts Suddenly Has Some Holes

[Bloomberg] Zelenskiy Says Ukraine Won’t Withdraw Troops From Donbas