Shoppers carry bags while walking through the Scottsdale Quarter shopping mall in Scottsdale, Arizona.
Caitlin Ohara | Bloomberg | Getty Images
A daily morning look at the financial stories you need to know to start the day.
STOCKS/ECONOMY
-Stock futures are down as the markets await economic data on consumer inflation, retail sales and consumer sentiment.
-Retail sales are expected to have risen 0.6 percent in April after a March decline. A strong retail number this morning could ease concerns about the wider U.S. economy.
TRUMP TRADE
-The Trump administration has announced a trade deal with China that it says will boost business for U.S. beef producers, natural gas companies and electronic payment services.