Zerohedge: Moody’s Zandi downgrades 2H GDP Forecast for U.S. “at best 3%” — down from 3.5%

MSNBC: After debt deal, economy in deeper peril http://on.msnbc.com/nYrOIt

WSJ: Breaking: U.S. personal spending fell 0.2% in June, the biggest drop since September 2009; incomes rose 0.1% http://wsj.com

Yahoo! Finance: Barclays to cut 3,000 jobs as profit drops http://yhoo.it/neKkI7 $BCS

CNNMoney: Consumer spending declines 0.2% in June, the government says, surprising economists who expected a slight increase. http://CNNMoney.com

Reuters: Italy under fire in widening euro debt crisis http://reut.rs/pGA9sQ

WSJ: Pfizer Profit Rises 5.5% http://on.wsj.com/pytXBq

MarketWatch: Pfizer affirms full-year financial forecast, sees modestly lower revenue for 2012 http://on.mktw.net/opv5p6

Douglas A. McIntyre