Headlines discussed at LNWM’s Monday morning briefing:

— China proposed tariffs on $60 billion worth of US goods, as trade negotiations flounder.
— US unemployment fell to 3.9% in July; worker demand could start put upward pressures on wages.
— England’s central bank raised its key interest rate to 0.75%, signaling confidence in economy.
— The Federal Reserve held US interest rates steady, but another rate increase likely this September.
— Apple became the 1st company to hit a stock market value hit $1 trillion, on strong earnings.

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