Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. stock index futures point to a higher open on Monday morning as the White House sought to calm investors over growing concerns about the U.S. economy.US Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread 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
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
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
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
"Take for example the most recent quarter, Boeing's problems with 737 Max probably took something like 0.4%" off gross domestic product, Ross said. "That will come back when the 737 Max problems are ultimately fixed."
U.S. growth slowed in the second quarter, with GDP advancing 2.1% compared to the first-quarter's 3.1% gain.
The 737 Max fleet has been grounded across the globe since mid-March following two crashes over less than five months that killed 346 people combined. Investigators blamed a software problem in the plane's anti-stall automated flight system.
Last month, Boeing reported a $2.9 billion second-quarter loss, its worst quarterly loss ever, due to the Max problems.
Shortly after the grounding, analysts began to predict that Boeing's troubles would harm overall U.S. economic growth. Wells Fargo in April projected a 0.2% reduction in second-quarter GDP. Last month, J.P. Morgan estimated the groundings and subsequent production cuts would trim second-quarter economic growth by about 0.1%.
The 737 Max grounding, now in its sixth month, has also hit suppliers. General Electric said last month its cash flow took a hit as a result. GE, which makes the Max engines through a joint venture, said it would continue to report losses as long as the model remained grounded.
Boeing, which has been testing software fixes, expects the Max jets to return to the skies by early in the fourth quarter.
Once that happens, Ross said, the U.S. economy will even out. "We think that the economy is strong, the economy is headed in a good direction," he added, saying he believes the U.S. can work its way to 3% growth.