- President Donald Trump is willing to sign a $1.3 trillion coronavirus relief bill, a top aide said on Friday, but Democratic House of Representatives Speaker Nancy Pelosi said the sum was not enough to meet the needs of the American people.
- Reuters: Consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 1.9% last month, after jumping 6.2% in June. Economists polled by Reuters had forecast consumer spending would gain 1.5% in July. July’s increase left consumer spending about 4.6% percent below its February level.
- “The Fed said it can allow inflation to run above its 2% target for some time seems like they are going to keep their monetary policy extremely loose”.
- Iowa, the biggest U.S. corn-producing state, is facing its most widespread drought since September 2013, state agriculture secretary Mike Naig said on Friday.
- In a dramatic U-turn, Brazil's Environment Ministry said on Friday it would continue to fight deforestation, reversing its position after saying hours earlier that it could not afford to continue enforcement efforts in the Amazon.
- Reuters: The company that operates the Trump International Hotel in Vancouver said on Friday it has filed for bankruptcy, blaming the coronavirus pandemic for lost revenue and financial hardship.
- Nearly half of Twitter accounts pushing to reopen America may be bots.. The plague on humanity, merrily plaguing away..
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