China's National Bureau of Statistics said July food, tobacco and dining prices fell 0.8% YoY, subtracting about 0.22 ppt from CPI. Food: meat prices fell 6.0% YoY, reducing CPI by about 0.25 ppt; pork down 13.3% YoY. Dairy -1.5% YoY (-0.02 ppt); fresh fruit -1.1% YoY (-0.02 ppt); eggs +14.4% YoY (+0.07 ppt). Among the seven other major CPI groups, six rose and one fell: other goods & services +5.8% YoY; healthcare +2.9%; clothing +1.4%; education, culture & entertainment +1.3%; household goods

Sources say House Democrats are preparing, if they retake the House, to pursue broad investigations targeting Trump’s business and financial network rather than immediate impeachment. Senior House Democrats and committee staff have discussed using hearings, subpoenas and document requests to obtain records from entities tied to Trump’s political and commercial circle. Planners expect probing private companies and external financial actors will be more effective than directly confronting a White House likely to resist oversight. Democrats envision deploying House investigative powers after the mid-November election to review government decision-making and examine whether Trump used office to benefit himself, allies or donors.

Turkey's foreign minister said Iran is not the target of the defensive pact; provided it does not attack member states, no one is a target.