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Situational awareness:

  • "Kevin Hassett, who has done such a great job for me and the Administration, will be leaving shortly," President Trump tweeted Sunday night. (Twitter)
  • Blackstone will buy $18.7 billion of U.S. logistics assets from Singapore's GLP Pte in what it says is the world's biggest private-equity real estate deal. (Bloomberg)
  • Readings on factory activity last month showed contraction in Japan, South Korea, Malaysia and Taiwan, and barely rose above contraction in China. (Reuters)
  • Economists surveyed by the National Association of Business Economics see a 60% chance the U.S. goes into recession by the end of next year, after a "surge" in trade war driven fear. (CNN)