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
Check out the companies making headlines before the bell:
Toll Brothers – Toll Brothers reported quarterly earnings of $2.08 per share, well above consensus estimates of $1.83 a share. Revenue also beat forecasts, and the luxury home builder said key metrics like deliveries and backlog were at its highest in over a decade. Overall orders declined, however, hurt by rising interest rates and higher home prices.
Dollar General – The discount retailer earned $1.26 per share for the third quarter, matching estimates, with revenue slightly above Street forecasts. Comparable-store sales were up 2.8 percent, beating the 2.4 percent consensus estimate of analysts polled by Refinitiv. Dollar General lowered its full-year outlook, however, citing greater-than-expected expenses.
Movado Group – The watch maker beat estimates by 6 cents a share, with adjusted quarterly earnings of $1.18 per share. Revenue also topped forecasts and Movado reiterated its prior full-year outlook.
Kroger – The supermarket chain will expand a pilot program to sell groceries in branded sections at Walgreens. The venture, which is operational in one Northern Kentucky store now, will be expanded to 13 Cincinnati-area stores near Kroger headquarters in early 2019.
HD Supply – The industrial supplier earned an adjusted $1 per share for the third quarter, beating estimates by a penny a share. Revenue also beat Street forecasts, and the company announced the approval of an additional $500 million in share repurchases.
AutoZone – The auto parts retailer earned $13.47 per share for its latest quarter, beating the consensus estimate of $12.21 a share. Revenue was above estimates as well, and comparable-store sales were up 2.7 percent compared to a 1.7 percent consensus forecasts.
RH – RH earned an adjusted $1.73 per share for its third quarter, beating the consensus estimate of $1.27 a share. The Restoration Hardware parent's revenue exceeded estimates, as well, and it raised its current-quarter earnings and revenue guidance. The furniture retailer said revenue was negatively impacted this past quarter by tariff-related delays.
Apple – HSBC downgraded Apple to "hold" from "buy," saying that although it is bullish on U.S. demand, it is more bearish on emerging market potential. HSBC also said it thinks Apple can grow services revenue and profits but that hardware business growth will be more difficult to achieve.
Cirrus Logic – Cirrus Logic cut its fiscal third-quarter guidance due to weakness in the smartphone market. The chip maker is a key supplier of audio chips for Apple's iPhones.
Boeing – Boeing could see Lion Air cancel jet orders in a dispute between the two over a 737 crash in late October, according to sources quoted by Reuters. No final decision has been made over the $22 billion in orders still scheduled to be delivered to Lion Air.
Amgen – Amgen's multiple myeloma treatment known as AMG420 received a "fast track" designation from the Food and Drug Administration, speeding up its path to possible approval. The biotech company said seven of 10 patients given the second highest does of the drug responded to treatment, with four having no detectable cancer.
Liberty Media – Liberty is preparing to seek a 35 percent stake in radio station operator iHeartMedia, according to the New York Post. The paper said Liberty's John Malone wants to combine iHeart with his other music properties like SiriusXM and Live Nation.
Waste Management – Waste Management got a double upgrade from Goldman Sachs, which moved the waste processing company's stock rating to "buy" from "sell." Goldman has a positive view on the sector, and notes that Waste Management has the lowest price-to-earnings multiple among its peers. It also raised the price target on the stock to $107 from $84.
CORRECTION: This article was updated to show RH reported an adjusted $1.73 per share for its third quarter.