July’s jobs report is out today.  It’s a big one, as it fills the gap after two months at the extremes (May—way low; June—quite impressive) – WSJ

Feel free to read it over with these 5 Things in mind – WSJ

Common wisdom is that Elon Musk’s bid to merge his Tesla and SolarCity operations was a risky and even ill-advised deal. But big T’s shareholders aren’t minding so much – NYTimes

A note about the BOE’s bond-buying activity in September—unlike some QE measures in the past, this one will mirror recent ECB moves and will include a sizeable dose of corporate bonds as well – WSJ

Goldman Sachs is expressing concern about its ability to unload its PE and hedge fund stakes by a Federal Reserve-mandated July 2017 deadline (itself a result of the much-discussed Volcker Rule) – Bloomberg

The DOJ has asked the 2d Circuit to reconsider its May decision overturning the 2013 jury verdict (and subsequent $1.27 billion penalty) against Bank of America for fraud relating to its mortgage-generation  HUSL program – WSJ and Law360

Don’t look now, but Apple’s diversifying into the power business, and it’s got a license to sell – Bloomberg

Inside Colombia’s shift from the illegal drugs that marked its 80s-era past (heroin & cocaine) to a burgeoning legal marijuana industry – NYTimes

The Journal helps get us in the Olympic spirit with these at-your-desk minigames. Get after it [soundtrack optional] – WSJ

The Brief’s taking a week-long summer hiatus. I know you’ll manage without us, but we’ll be excited to see you back here on the 15th.  Until then, please enjoy this recently republished (and appropriately timed) piece on out-of-office messages – NYTimes

Have a great weekend, and enjoy the opening ceremonies.