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
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread 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
The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
U.S. stock futures were lower this morning ahead of today's start of the Fed's two-day July policy meeting. Central bankers are expected to announce tomorrow their first interest rate cut in more than a decade. On Monday, the Dow logged its second straight day of gains, while the S&P 500 and Nasdaq both slipped from Friday's record closing highs. (CNBC)
* Goldman raises year-end S&P 500 forecast, sees another double-digit gain in 2020 (CNBC)
Dow components Procter & Gamble (PG) and Merck (MRK) lead a long list of corporate earnings this morning, with Eli Lilly (LLY) and Under Armour (UAA) also out. Apple (AAPL), another Dow stock, grabs the afternoon's spotlight. Advanced Micro Devices (AMD), Groupon (GRPN), and Mondelez (MDLZ) also issue quarterly results after the bell. (CNBC)
* Procter & Gamble shares up on earnings beat (CNBC)
* Merck shares jump after earnings and revenue smash Wall Street estimates (CNBC)
* Under Armour shares sink 10% on sales miss (CNBC)
Shares of Beyond Meat (BYND) were falling about 13% in the premarket after the plant-based burger maker late Monday announced a secondary offering only three months after its IPO. Beyond Meat, up nearly 800% since its May debut, also reported a larger-than-expected loss, though revenue did beat analyst estimates. (CNBC)
* Wall Street analysts say there's a lot more pain to go for Beyond Meat (CNBC)
On today's economic calendar, June personal income and spending are released at 8:30 a.m. ET. The S&P/Case-Shiller report on May home prices is out at 9 a.m. ET. The National Association of Realtors' June pending home sales and the Conference Board's July consumer confidence index are both out at 10 a.m. ET. (CNBC)
Two months after U.S.-Chinese talks aimed at ending a tariff war broke down, both sides are trying to temper hopes for a breakthrough when negotiations resume today on an array of disputes that has grown to include tension over China's tech giant Huawei. (AP)
* Trump rips China as trade negotiations set to begin, says 'no signs' of agricultural purchases (CNBC)
Shares of Capital One (COF) were off about 5% in premarket trading, after the bank said a data breach, identified earlier this month, exposed personal information of 106 million credit card customers and applicants. The FBI arrested a suspect, Paige A. Thompson, who was charged with computer fraud and abuse. (CNBC)
Thompson, who formerly worked for Amazon Web Services, which hosted the breached Capital One database, was not shy about her beliefs. She's listed as the organizer of a Meetup group, described as a gathering for "anybody with an appreciation for distributed systems, programming, hacking, cracking." (NY Times)
Democratic presidential candidates are gathering in Detroit today and tomorrow for the second round of 2020 debates. Tonight's line-up includes Sens. Bernie Sanders, Elizabeth Warren, and Amy Klobuchar, as well as Mayor Pete Buttigieg and former Rep. Beto O'Rourke. (AP)
* Warren wants to dramatically rewrite the rules on negotiating trade deals (CNBC)
* Why Democratic candidates are fighting for $5 donations (CNBC)
China's Huawei reported today a 23.2% year-over-year increase in revenue for the first six months of 2019 year despite facing political headwinds. Huawei is considered to be one of the leading names in the 5G race. The company is facing mounting fears that its technology could enable Chinese espionage. (CNBC)
Qualcomm (QCOM) and China's Tencent Holdings struck an agreement to collaborate on 5G and gaming devices. Qualcomm is the largest supplier of mobile phone chips for Android devices, while Tencent is China's largest mobile software maker. (Reuters)
Facebook (FB) reminded investors that while it expects to launch its Libra digital currency in 2020, a number of factors could keep that from happening. Facebook has seen a flurry of pushback on Libra from U.S. and international regulators and lawmakers. (CNBC)
The Trump administration is proposing a rule that would require hospitals to publish the prices that are negotiated with insurers or risk being fined. The proposed rule would apply to the roughly 6,000 hospitals that accept Medicare. Hospitals could be fined up to $300 a day if the standard and negotiated prices for services are not posted online. (CNBC)
Johnson & Johnson (JNJ) said the FTC is conducting an investigation into whether the company's contracting practices for its rheumatoid arthritis drug Remicade violate antitrust laws. Rival Pfizer (PFE) has sued J&J over its practices involving Remicade, with J&J denying any wrongdoing. (Reuters)
Parents in suburban Chicago are giving up legal guardianship of their high school-aged children to relatives or friends to claim financial aid. That then allows the students to declare themselves financially independent to qualify for certain federal, state and university aid, ProPublica Illinois reported.
U.S. Soccer released a lengthy fact sheet, countering claims of pay inequality from the World Cup-winning women's national team, saying players on the women's team actually earned more from U.S. Soccer than their male counterparts over the past decade. (NY Times)
BP (BP) reported better-than-expected second-quarter profit, with the British energy giant helped by a significant increase in oil and gas production. That helped offset lower oil prices and refining profits.
Sony (SNE) reported an 18.4% increase in fiscal first-quarter operating profit, coming in above analyst forecasts. Sony's bottom line was helped by an especially strong performance for its image sensor unit.
Newell Brands (NWL) hired Ritchie Bros. Auctioneers CEO Ravi Saligram as its new chief executive officer, taking over Oct. 2. The maker of Sharpie pens and other consumer products signed Saligram to a three-year contract, but said he could potentially remain for a longer period of time. Saligram was CEO of OfficeMax until it merged with Office Depot (ODP).
Occidental Petroleum (OXY) does not expect to generate enough cash to cover shareholder payments until 2022, according to an SEC filing by Anadarko Petroleum (APC). Anadarko has a deal to be acquired by Occidental for $438 billion, a transaction that is opposed by activist investor and Occidental shareholder Carl Icahn.
Dish Network (DISH) reported quarterly profit of 60 cents per share, falling short of consensus by 5 cents. However, the satellite TV provider saw revenue above forecasts, and it also lost fewer than expected pay-TV subscribers.
Lil Nas X's "Old Town Road " clinched the title of the longest-running No. 1 single in the 61-year history of Billboard's Hot 100 chart. The "country-trap" track, which was first removed from a Billboard country chart, has been at the top for 17 weeks. (NY Times)
A jury's verdict that Katy Perry's 2013 hit "Dark Horse" improperly copied a 2009 Christian rap song represents a rare takedown of a pop superstar and her elite producer by a relatively unknown artist, and sets up a battle over damages that will begin today. (AP)