The IMF trims its economic growth forecast again as the U.S.-China trade war continues, Brexit worries linger and inflation remains muted.Economyread more
Citigroup thinks Tesla investors hoping for a post-earnings rally later this week should scrutinize a pair of related financial metrics.Investingread more
Olive branches were extended from both China and the U.S. as the two nations are set to restart face-to-face trade negotiations after a monthlong truce.Marketsread more
Coca-Cola topped Wall Street's expectations for earnings and revenue.Food & Beverageread more
New disclosures show Facebook and Amazon each spent more than $4 million on lobbying activity in the second quarter of 2019.Technologyread more
Boris Johnson, one of the biggest voices in the Brexit movement, wins the Conservative Party leadership race by a 2-1 margin.Europe Politicsread more
Disney can nearly double its earnings by 2024, Morgan Stanley said in a note to clients on Tuesday.Investingread more
Amazon is expected to report its second-quarter earnings on Thursday.Investingread more
The largest residential brokerage company in the U.S. is partnering with the largest online retailer in a strategy to boost sales for both.Real Estateread more
Here are the biggest calls on Wall Street on TuesdayInvestingread more
Canaccord Genuity's Tony Dwyer believes stocks are about to fall as much as 5% from their all-time highs.Trading Nationread more
A daily morning look at the financial stories you need to know to start the day
-Stock futures are just a bit higher as earnings season gets going in earnest this week. Bank of America's earnings have just beaten expectations.
-The White House has cut its economic growth forecasts for the next two years.
-Crude prices are flat and holding at the $45/barrel level. The attempted coup in Turkey is having no real market effect.
-Gasoline prices fell to $2.20/gallon overnight. That's 14 cents/gallon less than a month ago today.
-Exxon is now in a bidding war with Total for InterOil's stake in a Papua New Guinea gas field. Exxon's current bid is $2.2 billion.
-Japan's SoftBank is buying UK semiconductor giant ARM for $31 billion.
-The deal is boosting the post-Brexit pound, which is back up to $1.32 right now.
WAR ON COPS
-Yesterday's killing of three police officers in Baton Rouge was a planned ambush by an African American ex-Marine who posted anti-police videos on the Internet.
-In a poll taken BEFORE the Baton Rouge shooting, 58% of respondents said they do believe there's a war on police in America. 52% of all minorities polled said the same thing, but only 34% of Black Americans agreed.
-Heading into back-to-back convection weeks, with the GOP kicking off in Cleveland tonight, Hillary Clinton's lead in most polls has come way down from a month ago.
-Turkish President Erdogan is cracking down after a failed coup Friday night. Thousands have been detained. And Turkey is demanding the Obama administration hand over a US-based Islamic cleric it says instigated the uprising.
-US military personnel favor Donald Trump over Hillary Clinton by nearly 2-1. But 61% of all troops surveyed rate both candidates very unfavorably.
-It looks like the Obama administration will not budge on requiring Israel to spend almost all its American military aid on US-made defense products. This will cause layoffs and other cutbacks at Israeli defense companies.
-Elbit Systems has unveiled a new jamming system to protect drones from missiles and other shoot down weapons.