Economy Watch: China’s Growth Slides to Weakest Pace in Almost Three Decades (Bloomberg)
China’s economy slowed to the weakest pace since quarterly data began in 1992 amid the ongoing trade standoff with the U.S., while monthly indicators provided signs that a stabilization is emerging. Gross domestic product rose 6.2.% in the April-June period from a year earlier, below the 6.4% expansion in the first quarter.
Great News for Terminal Subscribers: Dow Jones News Content Available on the Bloomberg Terminal (Bloomberg press announcement)
Bloomberg Terminal subscribers now have access to Dow Jones news content at no extra charge alongside Bloomberg’s award-winning editorial coverage and stories from other news sources. Terminal subscribers can read thousands of Dow Jones news articles from Dow Jones Newswires, The Wall Street Journal, Barron’s, MarketWatch, WSJ Pro verticals and the New York Post.
Earnings Watch: Citigroup Climbs After Profit, Fixed Income Beat Estimates (Bloomberg)
Today in Bonds: The Black Hole Engulfing the World’s Bond Markets (Bloomberg)
Washington Today: Republicans Quiet as Trump Urges Minority Congresswomen to Leave Country (Washington Post)
EU Climate Push: Ursula Von der Leyen Uses Climate in Bid to Land European Commission Presidency (Politico)
She says the EU should boost its 2030 emissions reduction target to 50 percent, up from the current 40 percent goal.
NYC Blackout Update:
Power Restored, But Questions Remain Following Massive Blackout In Manhattan (CBS News)
How Some New Yorkers Found Bliss in the Blackout (New York Times)
They roasted hot dogs on the pavement and cracked open champagne from a warming fridge, and some Broadway shows held impromptu performances on the street.
Daily News Editorial: Bill’s Power Failure: A Blackout Hits, and de Blasio is Busy in the Campaign Spotlight (New York Daily News)
Movie News: Captain Marvel Actress Lashana Lynch Is the New 007 in Next James Bond Movie (Vice)
And finally … From Bloomberg Politics:
Jacob Rees-Mogg Ridiculed for Linking England’s Cricket World Cup Triumph to Brexit (The Independent)
The Irish playwright George Bernard Shaw once said “the English are not a very spiritual people, so they invented cricket to give them some idea of eternity.” On Sunday, the English men’s side won the World Cup in a nail-biting match that rekindled a sense of pride in a Brexit-battered nation. It didn’t take long for the moment to be ruined by arch-Brexiteer Jacob Rees-Mogg writing on social media that “we clearly don’t need Europe to win.” The irony, of course, is that the captain, whose mother is English, was born in, well, Ireland.
Best of late night.
On 7-Eleven convenience stores giving away free Slurpees to all customers on July 11th:
“Today we celebrate one of our most cherished holidays. Today is 7/11, also known as ‘Free Slurpee Day’. People love this holiday, it’s much more popular than 7/11’s other big promotional holiday: ‘Free Tiny Wrinkled Hotdog that’s Been Sitting Out Since The Bush Administration Day’.”
— Jimmy Kimmel
“Today’s the day you spend hours waiting in line for a slurpee for free. Or you can pay one dollar any other day and get one in two seconds”
– Jimmy Kimmel
Best of Satire:
British Ambassador Concealed Insults from Trump by Writing Messages in English (The New Yorker’s Borowitz Report)