There’s a risk on mood in the markets this morning, after Friday’s u-turn by the US President over Mexican tariffs. That’s one Mexican standoff resolved, but Brexit remains, as 10 Tory hopefuls throw their hats in the ring to become next Prime Minister. Sadly, almost all advocate a hard Brexit. In today’s Morning Call podcast Phil Dobbie also talks to NAB’s Ray Attrill about today’s NAB Business Survey – could a soft set of data be the precursor to another rate cut, sooner rather than later? They also look at Friday’s non-farm payrolls – another sign of a weakening US economy?