Mike Bloomberg Sums Up Thoughts on Environment: “We’re in Deep S&*t” (San Francisco Chronicle)

Most Read on the Bloomberg Terminal (Last 8 Hours):
Jamie Dimon Doubles Down on Higher U.S. Yield Call With 5% Warning (Bloomberg)

Trump Acknowledges, Defends 2016 Meeting Between Son, Kremlin-Aligned Lawyer (Washington Post)

How Europe Could Help the U.K. to Cancel Brexit (Bloomberg Opinion Editorial) The EU could clear the way for a second Brexit vote.

Saudi Arabia Suspends Ties With Canada Over Activist Row (Bloomberg)

Drone Attack Exposes Venezuelan President’s Vulnerability (Bloomberg)

The Stock Market Is Shrinking. That’s a Problem for Everyone. (New York Times)
The market is half the size of its mid-1990s peak, and 25 percent smaller than it was in 1976.

Google Is in China Cloud Talks With Tencent, Others (Bloomberg)

NRA says it Faces Financial Crisis, Claims it Might be ‘Unable to Exist’ in Future: Lawsuit (USA Today)

Bloomberg Increases Transparency in US Treasuries and Interest Rate Swaps Pricing (Intelligent Trading Technology)

The Week Ahead.

Monday, Aug. 6
-The first phase of the restoration of U.S. economic sanctions on Iran are scheduled to take effect.
-Most Canadian provinces observe the Civic/Provincial Day holiday. The Toronto Stock Exchange is closed.

Tuesday, Aug. 7
-Colombia inaugurates President Ivan Duque, a lawyer and former senator.

Wednesday, Aug. 8
-The Bank of Japan releases a summary of opinions from its July 30-31 meeting.

Thursday, Aug. 9
-Samsung unveils its next Galaxy Note smartphone, which is likely to be called the Note 9. In New York City.
-First Brazilian presidential debate held in Sao Paulo. General elections will be held in October.
-The PGA Championship, men’s golf’s final grand slam of the year, begins at Bellerive Country Club in St. Louis.

Friday, Aug. 10
-Japan announces a preliminary reading of second-quarter gross domestic product. Economists expect a solid rebound from a first-quarter contraction.
-U.S. consumer prices probably rose in July, consistent with a pickup in inflation that’s projected to keep the Federal Reserve on a path of gradual interest-rate increases, economists forecast.

Saturday, Aug. 11
-NASA’s Parker Solar Probe will be the first-ever mission to “touch” the Sun. The spacecraft, about the size of a small car, will travel directly into the Sun’s atmosphere or corona, about 4 million miles (6.44 million km) from the surface.

From NI WEEKAHEAD on the terminal.

Best of late night.

“We’ve been worried about the whole Russia hacking our last election thing. Well, it turns out we were wrong to worry about that. We should be worrying about them hacking the next election.”
— Stephen Colbert

“You know who is apparently going broke, the NRA… They said the only thing they own of real value is Congress.”
— Bill Maher

“Uber is going to start putting tiny vending machines in some of their cars. So now you get to make small talk with the driver and the guy restocking the vending machine.”
— Jimmy Fallon