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(Bloomberg) -- While White House chief strategist Steve Bannon has advocated blocking the Time Warner/AT&T deal, he hasn’t mentioned the idea in recent days and it doesn’t appear to be at the top of his agenda, Politico said late July 6, citing an unidentified White House official.

• If the administration was to intervene in the deal it would be characterized as opposition to business monopolies, not a war on the media, White House official told Politico
• Sen. Ron Wyden (D- Ore.) told Politico that potentially using news coverage to try to block the deal would be illegal and “flies in the face of the First Amendment;” Sen. Al Franken (D-Minn.) said Trump’s “war against the media must not influence the fate of this transaction”
• NOTE: July 6, Trump Advisers Said to Mull Merger as CNN Leverage: NYT
  • TWX/AT&T Deal Could Close as Soon as 60 Days: CNBC’s Faber
• NOTE: July 6, DOJ Is Said to Be Heavily Staffed for TWX/T Review: Cap Forum

To contact the reporter on this story: Joshua Fineman in New York at jfineman@bloomberg.net To contact the editors responsible for this story: Arie Shapira at ashapira3@bloomberg.net Christiana Sciaudone

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.

• Nonfarm Payrolls 178k; range 115k to 220k (87 estimates)
• Private Payrolls 170k; range 120k to 210k (39 estimates)
• Manu Payrolls 5k; range -5k to 11k (24 estimates)
• Unemploy Rate 4.3%; range 4.1% to 4.4% (83 estimates)
• Hourly Earn 0.3% m/m; range 0% to 0.3% (61 estimates)
• Hourly Earn 2.6% y/y; range 2.5% to 2.7% (33 estimates)
• Avg. Weekly Hours 34.4; range 34.4 to 34.5 (32 estimates)
• Labor Force Part 62.7%; range 62.7% to 62.8% (4 estimates)
• "JOLTS data and anecdotal evidence suggest job openings are hitting record high levels. A fresh supply of new graduates as well as seasonal employees -- mainly in food and leisure and hospitality industries -- will join the labor force to satisfy an increased demand for new hires": Bloomberg Intelligence
• Monthly payroll growth has been averaging 162,000 non-farm jobs so far this year, below last year’s 187,000
• The unemployment rate has been below 5 percent for more than year and fell in May to 4.3 percent, the lowest in 16 years

To contact the reporters on this story: Alex Tanzi in Washington at atanzi@bloomberg.net; Vincent Del Giudice in Denver at vdelgiudice@bloomberg.net To contact the editors responsible for this story: Alex Tanzi at atanzi@bloomberg.net Kristy Scheuble

Economic Release Details: {BZPIIPCM Index ECOD} --WALTER BRANDIMARTE

Economic Release Details: {CNGFOREX Index ECOD}

--NAOTO HOSODA