July 26 (Thursday)

Markets
U.S. Stocks Soar on Trade Concessions (W)
Demographics Set to Act as Counterweight to Rising Yields (W)
China Targets Economy, Not Trump, With Weaker Yuan (W)

Trade I
Trump, EU agree to work on lowering tariffs, averting a potential trade war (C)
Mexico and Canada Are Committed to a Trilateral Nafta Deal (W)
China to speed up US$199 billion of domestic spending to protect growth during US trade war (SCMP)

Trade II
Tariffs are being mentioned on 40% of earnings calls (C)
Coke Raising U.S. Soda Prices, Citing Tariffs (W)
GM’s Outlook Hit by Fallout From Tariffs (W)

US
There’s No Productivity Miracle Hiding in the Data (W) | Study

Industries & companies
Autos: Ford Warns Restructuring Will Cost $11 Billion, Take Years (B)
FANGs: Here’s what Facebook said that spooked investors and wiped $130 billion off its market value (C)
Homebuilders: Rosy Homebuilder Earnings May Not Be Enough to Calm the Bears (B)
Pharma: Alzheimer’s Drug Shows Benefit (W)

Corporate finance
Qualcomm says it will terminate NXP deal by end of day and buy back $30 billion of stock (C)