"After meeting one-on-one for more than two hours, President Trump and President Putin are holding another press conference to brief the world on the substance of their discussion."
FCC Chairman Ajit Pai said Monday that he has "serious concerns" about the merger between the Sinclair and Tribune Media; Pai proposed sending the $3.9 billion deal before an administrative law judge, which could kill the merger's chances of being approved.
Amazon's European workers are boycotting the company ahead of Amazon's global "Prime Day" to highlight the poor conditions that fulfillment-center staff have endured for years.
"The market’s having a hard time digesting the whole change in globalization and trade...the foundations of international trade are being raised and being questioned."
The United States has launched five separate complaints at the World Trade Organization against Canada, China, the European Union, Mexico and Turkey, in response to retaliatory tariffs those countries and groups have launched against American products.
"It is the common duty of Europe and China, America and Russia, not to destroy this order but to improve it, not to start trade wars which turn into hot conflict so often in our history."
This week's calendar features a steady stream of potentially interesting events culminating with Fed Chair Powell's semi annual Monetary Policy Report, as well as economic updates from the US, Europe and China, and several key political events.
"Events are beginning to greatly accelerate, and many believe that the ingredients for a 'perfect storm' are starting to come together as we enter the second half of 2018..."
Solid, but not impressive, operating results coupled with a big cut in expenses and a drop in the tax rate allowed Bank of America to beat on the top and bottom line.
U.S. futures are fractionally higher, following European shares in the green as Asian equities retreated ahead of today's historic Trump-Putin summit and the first big week of earnings for US corporations.
