A.M. Update

S&P futures are up 0.2%. President Trump and China’s Ministry of Commerce say they reached a consensus in principle on the framework for implementing Geneva consensus. Didn’t this already happen? May Personal Income decreased 0.4% (consensus 0.4%) after a revised 0.7% increase (from 0.8%). Personal Spending for May decreased 0.1% (consensus 0.2%) after an unrevised…