MNI POLITICAL RISK - European Leaders Line Up Behind Ukraine

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Executive summary:

• At 11:15 ET 16:15 BST, Trump will deliver remarks at the Kennedy Center. He is expected to announce annual honours recipients, but could touch on other market-relevant issues. Trump will sign Executive Orders at 16:00 ET 21:00 BST.  
• As of this morning, the National Guard has deployed across DC.
• At 09:00 ET 14:00 BST, Trump will join Ukrainian President Volodymyr Zelenskyy and European leaders for an emergency virtual summit to discuss Trump’s upcoming meeting with Russian President Vladimir Putin. We have a rundown of what to expect inside.
• Treasury Secretary Scott Bessant said the Fed should be open to a 50 basis-point cut in the benchmark interest rate. Bessent said he hopes CEA Chair Stephen Miran will be confirmed to the Fed board in time for the September policy meeting. 
• Trump’s nominee to lead the BLS, EJ Antoni, has received a lukewarm reception from economists across the political spectrum. Antoni faces an uncertain Senate confirmation process.
• The Republican Chair of the House Select Committee on China criticised Trump’s semiconductor revenue-sharing deal.
• Former Democratic Senator Sherrod Brown confirmed he will run for re-election, boosting Democrats’ long-shot chance of flipping the Senate.
• The State Department's human rights report on Brazil highlights domestic political issues that the Trump administration used to justify a 50% tariff rate.
• Poll of the Day: Small business optimism rose in July to slightly above the 52-year average.

Please find the full article attached below: US DAILY BRIEF