Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
The death comes as federal and state health officials investigate a slew of lung illnesses in connection to e-cigarette use.Health and Scienceread more
Bank of England Governor Mark Carney says trade war has a confidence effect on business around the worldMarketsread more
Supreme Court Justice Ruth Bader Ginsburg has completed a three-week course of radiation therapy for cancer, the top court said in a statement Friday.Politicsread more
U.S. stock index futures pointed to a slightly higher open Monday, as investors geared up for another batch of earnings, while keeping an eye for news surrounding who would take on the position as chair of the U.S. central bank.
Dow Jones industrial average futures rose 22 points, while S&P 500 and Nasdaq 100 futures gained 1.5 points and 10.25 points, respectively.
Halliburton and Hasbro also reported, posting better-than-expected quarterly results. Shares of Halliburton rose 2.1 percent, while Hasbro's stock slipped 0.2 percent.
On the data front, the Chicago Fed's National Activity Index for September is set to come out at 8:30 a.m. ET.
While no major speeches are expected to take place by members of the U.S. Federal Reserve on the first trading day of the week, discussion about who should lead the U.S. central bank from early 2018 is likely to be on the lips on many investors Monday, as a verdict looms.
At present, five individuals have been named as potential candidates to take on the position of Fed chair — a role currently held by Janet Yellen. However, recent news suggests the number could be narrowing.
In an interview aired in recent days, President Donald Trump acknowledged that the markets expected he would likely choose Stanford University economist John Taylor or Fed Governor Jerome Powell for the top role. One of the two could end up being put up for the position of Fed chair, while the other could be nominated for the vice chair role, an FBN report suggests. A decision is expected to be made before the president's trip to Asia in early November.
In politics, Trump is expected to meet with Singapore's Prime Minister Lee Hsien Loong at the White House on Monday. The two leaders will likely comment upon how each nation can strengthen their ties on a political, economic, and social basis, as well as discussing security.
On the commodities front, oil prices came fluctuated in morning trade, with U.S. crude trading around $51.93 at 8:39 a.m. ET, while Brent hovered around $57.53 per barrel.
In markets news, the Dow Jones industrial average rose 165.59 points by the close on Friday, reaching both intraday and closing records, after news emerged that the Senate had taken another step forward towards securing tax reform.
—CNBC's Jeff Cox contributed to this report