The following are the headlines discussed at Aldwin Callen's Monday morning briefing:
- The US economy added just 75,000 jobs in May vs. 175,000 expected; wage growth remained around 3% annualized.
- US stocks had their best week of 2019 as the disappointing jobs report for May fueled hopes that the Fed will cut interest rates.
- New US tariffs on goods from Mexico were suspended from going into effect today, to the relief of many US businesses.
- The United States has given Chinese exporters two weeks to get their items into the country before new China tariffs go into force.
- The yield on US 10-year Treasury bonds fell below 2.06%, the lowest since September 2017.
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