July 19 (Friday)

Markets
Now the market thinks the Fed could make an even deeper cut to rates later this month (C)
The Muni Bond King’s Warning to Wall Street: Cut Off Our Rival or Else (B)

Central banks
Fed’s Williams hints at more aggressive rate cuts: ‘Better to take preventative measures’ (C)
Clarida Says Fed Shouldn’t Delay Cuts Until Economy Falters (B)
What Lagarde Brings to the ECB: Flexibility (W)
MMT’s Kelton Sees Central Banks Quietly Yielding to Governments (B)

US politics
House passes bill to hike the federal minimum wage to $15 per hour (C)
Warren Takes Aim at Private-Equity Funds (W)
Trump Talked to Cohen as Lawyer Tried to Bury Affairs, U.S. Says (B)

Geopolitics & trade
Trump says US Navy destroys Iranian drone in ‘defensive action,’ escalating tensions in Gulf region (C)

Industries & companies
Aerospace: Boeing to take $4.9 billion hit in second quarter on 737 Max grounding (C)
Tech: Microsoft’s Cloud Business Drives Record Sales (W)

Offbeat
The Future of the City Is Childless (The Atlantic)
Dream of Retiring Abroad? The Reality: Medicare Doesn’t Travel Well (N)