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• White House economic adviser Larry Kudlow said he doesn’t believe the $600 weekly addition to unemployment payments will be extended beyond the current July 31 deadline in the next coronavirus relief bill, instead saying that the Trump administration is weighing proposals that would give cash incentives to unemployed Americans to return to work. Kudlow said that the U.S. economy is nearing a “turning-zone phase” as states reopen, and that he sees “a lot more glimmers of hope and growth and the signs seem to be mounting.” (The Wall Street Journal)

• JPMorgan Chase & Co. Chief Executive Jamie Dimon said there are “pretty good odds” of a quick economic recovery. He said that the government has been “pretty responsive” to the economic turmoil caused by the coronavirus pandemic. (Bloomberg)