Edward Harrison sees a resilient US labor market with ~200k monthly job gains, supported by strong personal income/spending. With PCE inflation at 4.1% (double the Fed's target) and wages trending up, he expects the Fed to hike sooner than markets price in - potentially two hikes in 2026. The data suggests continued economic strength but persistent inflation pressure.

Vietnam's economy is growing fast (industrial production +9.1%, retail sales +11% in first 5 months) but faces inflation above 5% in May, exceeding the government target. The government maintains its 10% growth target despite energy cost headwinds. US trade tensions are rising with three Section 301 investigations, while Vietnam balances relations with China on infrastructure projects.

Christina Aino previews key earnings: Nike reports with a new outsider CFO amid turnaround pressure; Constellation Brands faces declining alcohol consumption trends and rising commodity costs; General Mills may see worst of brand weakness over as house brand competition eases, with pet food as a potential bright spot.