Macro Briefing: 25 July 2018

Trump administration outlines $12bill plan for farmers hurt by trade tariffs: CNBC
Trump demands European Union cut all tariffs ahead of trade talks: Bloomberg
Israel shoots down Syrian fighter jet in Israeli airspace: CNN
Sec. of State headed for testy Senate hearing on trade, foreign policy: The Hill
Despite various threats lurking, US business optimism remains high: NY Times
US Composite PMI: economic growth strong in July; inflation picking up: IHS Markit
Richmond Fed mfg index slips in July but still pointing to solid growth: Bond Buyer
US stock market rally lifts S&P 500 Index to highest level since Feb: Reuters