Coca-Cola shares jumped more than 4% after the company posted earnings and revenue that topped analyst expectations. United Technologies advanced nearly 2%.US Marketsread more
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
In advance of Amazon's earnings report on Thursday, Craig Johnson says the stock chart is pointing to big gains. Mark Tepper also likes the stock.Trading Nationread 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
The U.S.-China trade dispute is pushing American multinational companies to relocate their factories and adjust business strategies for their supply chains in the next 12 months, according to a survey by Bain and Company.
"The shift is happening," said Gerry Mattios, vice president at consulting firm, Bain.
"Back at (the) end of 2018, when we ran a similar report, we found out a lot of companies — over 50 percent — were actually sitting on the fence ... there were no major actions taken," Mattios told CNBC's "Squawk Box" on Monday.
But now, 60 percent of the respondents said they are ready to take action, as they see headwinds on their balance sheets, he added. "They see customers having to pay part of it, and they are trying to see how to reassess their supply chains."
A supply chain is a network between a company and its suppliers to produce and distribute the firm's products.
Even though China has had a significant cost advantage that propelled the country to its leading position as the world's manufacturing hub, that advantage is eroding as costs rise, Mattios said.
The survey polled more than 200 high-level executives and senior supply chain officers at U.S. multinationals with operations in China, and sought to gauge their perspectives on the ongoing trade dispute.
However, some manufacturing will still remain in China as the country moves toward being a consumption-driven economy, he said. Items that would've been exported will see some assembly lines move to Southeast Asia, Mattios said.
Still, he added, "we don't think Southeast Asia will become the factory of the world in the way China did two decades ago."
"What we're seeing now is due to automation, technological improvements. We move away from this consolidated global manufacturing hubs that we used to have into a more fragmented manufacturing footprint," said the consultant.
For instance, companies will make products in various facilities closer to their consumers in the U.S. or Europe, he added.
Multinationals are taking action as the bilateral trade dispute between the world's two largest economies continues to affect global markets and business sentiments.
Some companies are now looking for new suppliers, new sources of innovation and new areas of manufacturing, he added.
"Ultimately, someone has to pay for this prolonged trade dispute, which is adding cost to the supply chains," Mattios said, adding that the consumer or manufacturer would have to absorb some costs to maintain market share — even at reduced profit margins.
Despite all the strategizing, however, one thing is for sure, Mattios said: "This uncertainty with the trade dispute is not helping anybody."
"Although companies are ready to start taking action, there is a thirst for stability to come through so companies can start making their plans," he said.