Macro Briefing: 28 February 2019

Trump’s meeting with N. Korea’s Kim abruptly ends with no deal: Reuters
Cohen’s testimony in Congress raises potential legal risks for Trump: Bloomberg
China’s factory activity falls to 3-year low in Feb via survey data: CNBC
US factory orders inched up in Dec, just barely: CNBC
Pending home sales in US for Dec rebounded, but annual trend still negative: MW
US trade deficit increased in Dec, weighing on Q4 growth outlook: CNBC
GDPNow model sees modest 1.8% rise for today’s Q4 GDP report: Atlanta Fed