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
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
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
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
Investors have in recent months become increasingly nervous as trade tensions between the U.S. and China rise. Conflict between the two major powers have threatened to derail economic growth even further at a time when the global economy has shown signs of slowing down.
"To fire a Federal Reserve governor or chairman would be a very unprecedented move, it would result in turmoil in the financial markets, it would be something that you really don't want to do because you don't need an absolute increase in uncertainty which this would bring about," Robert Heller, a member of the Fed's Board of Governors from 1986 to 1989, told CNBC's "Street Signs" on Thursday.
Heller's comment came as Bloomberg, citing people familiar with the matter, reported on Wednesday that Trump said he believes he has the authority to demote Powell.
The president had publicly blamed the Fed's interest rates hikes for holding back U.S. economic growth. He considered demoting Powell in February, Bloomberg reported on Tuesday. After the Fed announced its monetary policy decision on Wednesday, Powell said he intends to serve his full four-year term.
"The law is clear that I have a four-year term," the central bank chief emphasized.
The Fed on Wednesday announced its decision to keep rates unchanged. But Powell said some officials believe the case has strengthened for the central bank to ease policy — a statement that many investors interpreted as an indication of a rate cut in July.
"I think it's all but locked in, probably a 95% chance that they do cut at the July meeting," David Lafferty, chief market strategist at Natixis Investment Managers, told CNBC's "Squawk Box."
But some experts such as Dennis Lockhart, former president of the Federal Reserve Bank of Atlanta, said it's not a "foregone conclusion" that the Fed will ease policy next month.
He explained that while economic data in the U.S. has been "somewhat mixed," there aren't many data releases between now and the next Fed meeting on July 30-31 that would allow central bankers to set monetary policy differently than they did this month.
Still, Lockhart told CNBC's "Squawk Box" that the Fed will be mindful of how sentiment is swayed by any trade developments as that has an impact on investment decisions of businesses and inflation — two indicators that the central bank watches closely.