Market News and Commentary June 1

Trump Says June 12 Summit With North Korea’s Kim Is Back On. Whole Foods quietly pauses its GMO labeling requirements. U.S. oil output jumps to record high. Congressional Republicans lining up against Trump on trade. Morgan Stanley says we’re in a bear market but investors just don’t realize it yet. Goldman: NAFTA deal is now less likely after Trump’s tariffs on Mexico and Canada. Cleveland Fed’s Mester says the Italian turmoil and a flattening yield curve haven’t changed her interest-rate view.

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