* Catastrophic flooding in Germany has killed at least 93 people
* US set to warn companies about Hong Kong’s ‘deteriorating’ situation, Biden says
* Treasury Sec. Yellen expects ‘several more months of rapid inflation’
* Yields are low despite high inflation due to liquidity, says bond manager
* Corporate debt ratings upgraded at brisk pace as economy recovers
* US industrial output rose in June but mfg component slipped
* US import prices post another strong gain in June
* The auto market is hot as shortage of computer chips limit supply
* NY Fed Mfg Index surges to record high in July
* US jobless claims fell to a new pandemic low last week: