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
Here's what Wall Street is expecting from Apple:
Earnings per share: $2.18, according to a Thomson Reuters estimate
Revenue: $52.34 billion, according to a Thomson Reuters estimate
iPhone unit sales: 41.79 million, according to a Factset estimate
Tech stocks have taken a hit this earnings season after misses from Facebook, Twitter, and Netflix. But thanks to its wildly profitable hardware business that's fueled by the iPhone, Apple stands apart from the FANG stocks, which are consumer online services: Facebook, Amazon, Netflix and Google's parent company Alphabet.
For the iPhone business, investors will be looking for hints as to how well the iPhone X has been selling. The iPhone X, which starts at $999, is much more expensive that other high-end phones from rivals like Samsung and Google. Apple said following its fiscal second-quarter earnings report last spring that the iPhone X was its best-selling model, which has helped drive up the average selling price (ASP) of the category. But the iPhone ASP that quarter came in below Wall Street's expectations, suggesting that the iPhone X's high price turned away some potential buyers.
Apple's guidance could also provide clues for when the company plans to sell its new iPhone models in the fall, and how much those models will cost. Investors often look for a bump in revenue guidance as a hint that new iPhones will go on sale around mid-September each year.
Besides the iPhone, many will be looking at Apple's "Other Products" category, which includes accessories like the Apple Watch, AirPods wireless headphones and HomePod speaker. President Donald Trump's tariffs on products from China could raise prices on those gadgets, damaging the growth in an important product category as iPhone sales growth slows.