Notes today: 

• China tries to ease market fears after Beijing’s education crackdown. Well, their stock indexes are on the brink of a bear market. (weekly chart)
  
  

• The Senate voted 67-32 to move forward on the bipartisan infrastructure package.

• U.S. equities rose and yields rose after the Fed held interest rates near zero and Powell said that despite the economy’s progress, he was still “a ways away” from raising them. 

• Revenue growth at MSFT's Azure cloud unit accelerated past 50% in the three months through June.. 
  
  
  

• (MW) Some three in five U.S. adults support vaccination requirements for employees, residents or customers by employers; businesses; schools; and local, state and federal governments, according to new data from a Morning Consult poll conducted July 22 to July 24. 

• “He’s such a moron,” Pelosi said while getting into her SUV outside the Capitol, when asked about the House minority leader. 

• Ford said, business is picking up, and that it has received more than 120,000 reservations for the vehicle since its debut in May. Of which, about 75%, or 90,000, are new to Ford, according to the company.