Home Finance Morning Brief: US, Europe team up against China on trade

Morning Brief: US, Europe team up against China on trade

17 min read
0
236

View photos

Thursday, July 26, 2018

<h2 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="What to watch today” data-reactid=”28″>What to watch today

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="On Thursday, investors will be inundated with corporate earnings as 74 members of the S&P 500 are scheduled to report results, with McDonald’s (MCD), MasterCard (MA), Southwest Airlines (LUV), Comcast (CMCSA), McKesson (MCK), Celgene (CELG), Under Armour (UAA), and American Airlines (AAL) all releasing earnings before the market open.” data-reactid=”29″>On Thursday, investors will be inundated with corporate earnings as 74 members of the S&P 500 are scheduled to report results, with McDonald’s (MCD), MasterCard (MA), Southwest Airlines (LUV), Comcast (CMCSA), McKesson (MCK), Celgene (CELG), Under Armour (UAA), and American Airlines (AAL) all releasing earnings before the market open.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="And alongside Amazon’s results after the close will be results from Starbucks (SBUX), Chipotle (CMG), Western Digital (WDC), Electronic Arts (EA), Expedia (EXPE), Intel (INTC), Lam Research (LCRX), and Amgen (AMGN).” data-reactid=”30″>And alongside Amazon’s results after the close will be results from Starbucks (SBUX), Chipotle (CMG), Western Digital (WDC), Electronic Arts (EA), Expedia (EXPE), Intel (INTC), Lam Research (LCRX), and Amgen (AMGN).

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="But the main event will be Amazon (AMZN), set to report earnings after the market close.” data-reactid=”31″>But the main event will be Amazon (AMZN), set to report earnings after the market close.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Read More” data-reactid=”32″>Read More

<h2 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Top news” data-reactid=”33″>Top news

View photos

(AP Photo/Pablo Martinez Monsivais)

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Trump and Europe are teaming up against China on tradeAfter meeting with European Commission president Jean-Claude Juncker, U.S. President Trump said the United States and Europe will work together to “address unfair trading practices,” including “forced technology transfer,” “theft of intellectual property” and “overcapacity.” Neither man mentioned China, but that’s exactly who they were talking about. [Yahoo Finance]” data-reactid=”54″>Trump and Europe are teaming up against China on tradeAfter meeting with European Commission president Jean-Claude Juncker, U.S. President Trump said the United States and Europe will work together to “address unfair trading practices,” including “forced technology transfer,” “theft of intellectual property” and “overcapacity.” Neither man mentioned China, but that’s exactly who they were talking about. [Yahoo Finance]

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Facebook user numbers disappoint, stock nosedives: Facebook (FB) on Wednesday afternoon reported second-quarter earnings that just missed Wall Street’s expectations on revenues and user growth. Management also warned revenue growth rates would decelerate in Q3 and Q4.  The social network’s stock fell 23% in after-hours trading. [Yahoo Finance]” data-reactid=”55″>Facebook user numbers disappoint, stock nosedives: Facebook (FB) on Wednesday afternoon reported second-quarter earnings that just missed Wall Street’s expectations on revenues and user growth. Management also warned revenue growth rates would decelerate in Q3 and Q4.  The social network’s stock fell 23% in after-hours trading. [Yahoo Finance]

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Qualcomm walks away from $44B NXP deal: Qualcomm Inc. (QCOM), the world’s biggest maker of chips for mobile phones, said on Wednesday it would drop its bid to buy Dutch chipmaker NXP Semiconductors after failing to secure regulatory approval from China against a backdrop of widening trade tensions. [Reuters]” data-reactid=”56″>Qualcomm walks away from $44B NXP deal: Qualcomm Inc. (QCOM), the world’s biggest maker of chips for mobile phones, said on Wednesday it would drop its bid to buy Dutch chipmaker NXP Semiconductors after failing to secure regulatory approval from China against a backdrop of widening trade tensions. [Reuters]

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Big auto trim forecasts: Detroit’s Big Three auto makers lowered their profit outlooks for 2018, and each said fallout from U.S. tariffs on steel and aluminum is weighing on their bottom lines. The second-quarter results issued Wednesday by General Motors Co. (GM), Ford Motor Co. (F) and Fiat Chrysler Automobiles NV made clear the elevated costs will linger through the year and into 2019, shadowing a relatively healthy backdrop for U.S. auto sales. [The Wall Street Journal]” data-reactid=”57″>Big auto trim forecasts: Detroit’s Big Three auto makers lowered their profit outlooks for 2018, and each said fallout from U.S. tariffs on steel and aluminum is weighing on their bottom lines. The second-quarter results issued Wednesday by General Motors Co. (GM), Ford Motor Co. (F) and Fiat Chrysler Automobiles NV made clear the elevated costs will linger through the year and into 2019, shadowing a relatively healthy backdrop for U.S. auto sales. [The Wall Street Journal]

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Barbie maker Mattel to cut more jobsMattel (MAT), hurt by the closing of Toys R Us stores, said Wednesday that it will cut more than 2,200 jobs as the maker of Barbie dolls and Hot Wheels cars seeks to save money. Like other toy companies, Mattel has lost sales as Toys R Us faltered.  [AP}” data-reactid=”58″>Barbie maker Mattel to cut more jobsMattel (MAT), hurt by the closing of Toys R Us stores, said Wednesday that it will cut more than 2,200 jobs as the maker of Barbie dolls and Hot Wheels cars seeks to save money. Like other toy companies, Mattel has lost sales as Toys R Us faltered.  [AP}

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="For more of the latest news, go to Yahoo Finance” data-reactid=”59″>For more of the latest news, go to Yahoo Finance

View photos

The view of the U.S. embassy after an explosion on July 26, 2018 in Beijing, China. A man exploded a small homemade bomb outside the U.S. Embassy in Beijing, injuring only himself, according to police and an embassy spokesperson. (Photo by Emmanuel Wong/Getty Images)

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Yahoo Finance Originals” data-reactid=”80″>Yahoo Finance Originals

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Tilson: Why I like Alphabet more than Apple” data-reactid=”81″>Tilson: Why I like Alphabet more than Apple

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Millennials prefer to sit on their cash: report” data-reactid=”82″>Millennials prefer to sit on their cash: report

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Exclusive: Inside Google Assistant’s personality team” data-reactid=”83″>Exclusive: Inside Google Assistant’s personality team

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="26-year-old launches Instagram-fueled fast fashion brand” data-reactid=”84″>26-year-old launches Instagram-fueled fast fashion brand

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="” data-reactid=”85″>

Like what you just read? Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. And feel free to share it with a friend!

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="” data-reactid=”87″>

The Morning Brief provides a quick rundown on what to watch in the markets, top news stories, and the best of Yahoo Finance Originals.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="” data-reactid=”97″>

Let’s block ads! (Why?)


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

States Put the Brakes on Car-Insurance Prices – Wall Street Journal

Updated May 21, 2019 1:00 p.m. ET Michigan has the highest car-insurance rates in the nati…