Markets are still pricing in a roughly 50-50 ‌chance of a Federal Reserve rate rise next month, while Treasury yields ended only marginally lower on the day. But first, listen to the ​latest episode of the Morning Bid daily podcast, where we discuss the soft jobs print and President Trump's renewed effort to fire Fed Governor Lisa Cook. FED'S COOK GRILLED AGAINThere were several reasons for the caution in rates markets after the soft jobs numbers, including an equally surprising drop in the unemployment rate, still-edgy oil prices, and fresh political ‌pressure on the Fed. Meantime, stock markets are still basking in the glow of a second-quarter earnings season that's registering an annual aggregate profit gain of 51% for S&P 500 companies, according to LSEG data. Asia stock markets were generally higher on Monday, in the slipstream of Wall Street's gains on Friday, while U.S. equity futures were up slightly before the bell.