Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. stock index futures point to a higher open on Monday morning as the White House sought to calm investors over growing concerns about the U.S. economy.US Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Asked on Twitter what he would do if Trump pulled out of the landmark global deal to curb emissions, Musk said he would "have no choice but to depart [the] councils in that case."
Trump tweeted Wednesday that he will announce his decision on the Paris deal "over the next few days" as he faces intense pressure from the deal's supporters and detractors. Reports Wednesday indicated that he is expected to withdraw from the climate agreement, though some news outlets cautioned that he had not made a final decision.
Musk, who also founded SpaceX, is on Trump's manufacturing jobs council, his strategic and policy forum, and his infrastructure council. Musk has defended his role advising Trump in the face of some criticism from anti-Trump activists, arguing that they should want his voice in the discussions to offer views that differ from those of the president's other advisors.
Musk, among other CEOs of major American companies, urged Trump to uphold the agreement. He tweeted Wednesday that he has "done all [he] can to advise directly to [Trump]," through White House officials and advisory councils, to remain in the accord.
Since taking office, Trump has started to roll back Obama administration energy regulations that he and some advisors say hold back American energy companies. While officials like Secretary of State Rex Tillerson support the Paris deal, EPA Administrator Scott Pruitt had pushed against it.
A group of top Republican senators including Majority Leader Mitch McConnell also urged Trump to withdraw from the agreement.
The White House did not immediately respond to a request to comment on this article.
Asked about Musk's tweet Wednesday, press secretary Sean Spicer told reporters to wait to see what the president does.