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
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.Marketsread 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
Tesla solar energy systems reportedly ignited at an Amazon warehouse in Redlands, California last June, and the Seattle e-commerce titan confirmed that it has no further plans...Technologyread 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
Check out the companies making headlines before the bell:
Comcast – The NBCUniversal and CNBC parent reported adjusted quarterly profit of 64 cents per share, beating consensus estimates by 2 cents a share. Revenue also beat Street forecasts and the company increased its dividend by 10 percent.
United Technologies – The maker of Carrier air conditioners, Otis elevators, and a wide variety of other industrial products reported adjusted quarterly profit of $1.95 per share, well above the consensus estimate of $1.53 a share. Revenue also came in above analysts' forecasts, boosted by the company's November acquisition of defense contractor Rockwell Collins.
Procter & Gamble – The consumer products company beat estimates by 4 cents a share, with adjusted quarterly profit of $1.25 per share. Revenue topped analysts' forecasts, as well, helped in part by strong demand for P&G's beauty products. Organic sales were up 4 percent, stronger than the 2.6 percent consensus estimate.
Restaurant Brands International – The parent of Burger King, Tim Hortons, and Popeyes named current Burger King head Jose Cil as its new chief executive officer. He replaces Daniel Schwartz, who will become executive chairman.
Synchrony Financial – The financial services company earned $1.09 per share for its latest quarter, 16 cents a share above estimates. Revenue also beat forecasts. Synchrony also announced it had reached an agreement to extend its partnership with Walmart's Sam's Club, continuing to manage and service the Sam's credit-card portfolio. It also settled a lawsuit with Walmart over the sale of the Walmart loan portfolio.
Walmart – Morgan Stanley upgraded the retailer's stock to "overweight" from "equal-weight," saying Walmart will be one of the few retailers to grow earnings this year.
Merck – The drugmaker's stock was downgraded to "market perform" from "outperform" at BMO Capital, which is concerned about Merck's overdependence on its cancer treatment Keytruda.
IBM – IBM reported adjusted quarterly profit of $4.87 per share, 5 cents a share above consensus. Revenue also beat forecasts and IBM gave strong 2019 guidance on continued strength in its services business.
TD Ameritrade – TD Ameritrade beat estimates by 10 cents a share, with adjusted quarterly profit of $1.11 per share. The online brokerage's revenue also came in above forecasts. Profit more than doubled from a year earlier thanks in large part to the acquisition of Scottrade.
Capital One – Capital One reported adjusted quarterly profit of $2 per share, missing the consensus estimate of $2.37 a share. The bank's revenue also fell shy of forecasts, and an 81 percent increase in marketing costs had a significant bottom line impact.
Johnson & Johnson — J&J is pursuing an acquisition of surgical robotics firm Auris Health, according to a Bloomberg report. J&J is said to be willing to pay a premium to the $2 billion valuation that emerged from the latest Auris funding round.
ASML Holding – ASML warned of weak first-quarter sales, with a number of the chipmaker's customers delaying their orders into the second half of this year.
Aphria – Aphria is the target of a hostile takeover bid from U.S. cannabis rival Green Growth Brands. Green Growth said it plans to make a second all-stock bid for the Canadian company worth about $1.76 billion. Aphria said the bid is substantially identical to the prior bid, and urged its shareholders to take no action while a board committee considers the offer.
Walgreens Boots Alliance – Walgreens will pay more than $269 million to settle a number of federal and state lawsuits that had accused it of overbilling federal health-care programs.
Apollo Global – The private-equity firm agreed to buy European packaging company RPC for $4.28 billion in cash. It had been reported yesterday that the two sides were close to a deal.