In other news, Treasury Secretary Steve Mnuchin and Trump's trade representative Robert Lighthizer were suppose to have an in-person meeting with their Chinese counterparts for trade talks, but they're no longer sure it's going to happen.
Meanwhile, Iran is denying that an American ship shot down one of their drones over the Strait of Hormuz. Trump says there's "no doubt" they shot down an Iranian drone, while Iran suggested that we shot down one of our own drones.
"We have not lost any drone in the Strait of Hormuz nor anywhere else. I am worried that USS Boxer has shot down their own UAS (Unmanned Aerial System) by mistake!," Iran's Deputy Foreign Minister Abbas Araghchi said on Twitter.
I don't know what the truth is here because the Trump White House is not reliable, but neither is Iran. They could both be lying about certain details.
Finally, the Federal Reserve is now expected to cut interest rates by just one quarter of one percent (0.25 percent) at some point in the next week or two. So, Trump is getting his rate cut, but he probably won't be happy. But he never is.
This was the most interesting thing I read this week. It's a look at two major cities in close proximity to each other (Toronto and Buffalo) who've gone in completely opposite directions.
I'm signing off early today because I have some important errands to take care of. Have a good weekend and stay indoors if you live in the eastern U.S. The heat index soared to almost 110 here in southwestern Ohio today and it's going to be hotter tomorrow.