The US and the EU scrambling to strike a trade deal ahead of next week's August 1 deadline. FT did report yesterday that a potential deal would impose 15% tariffs on European imports, similar to the Japan number that we got this week. Joining us this morning, Commerce Secretary Howard Lutnik.Mr. . Secretary, great to have you. I know you've been busy streets hungry for an update on the EU.What can you tell us. >> Well, the EU really, really, really wants to make a deal. I mean, what's happened is Donald Tru ...

A trade deal with Japan and hopes for one with the European Union have sent stocks soaring to new highs. But given that the "new normal" is worse than the "old normal," is the exuberance warranted? Here are some ideas on hedging your bets. https://t.co/eerSmxHfki ...

The U.S. and Japan have reached a trade deal, President Donald Trump announced late Tuesday, with the Asian country facing 15% “reciprocal" tariffs. https://t.co/Sa0unHFrQ3 ...

A delegation from Pakistan is set to meet US officials in an effort to finalize a trade deal, according to US State Department Spokesperson Tammy Bruce. https://t.co/LcFQz1vSv5 ...

International Trade & Investment - The US and South Korea are in talks to establish a fund for investing in American projects, mirroring a trade agreement recently finalized with Japan [1]

Welcome back. In just a few minutes, President Trump is set to deliver remarks unveiling his AI action plan as well as sign executive orders aimed at accelerating AI innovation here in the US. It's the administration's latest push to expand AI infrastructure and investments.With the White House, AISAR telling reporters, quote, "It's a global competition now to lead in artificial intelligence." As the president races to cement the US as the leader in AI technology, his trade team is also rushing to negotiate ...

just signed the largest trade deal in history. I think maybe the largest deal in history with Japan. He worked on it long and hard and it's a great deal for everybody.Traders are optimistic today after the White House announced a trade deal with Japan. The US will now impose 15% tariffs on imports including automobiles from Japan as that country creates a $550 billion fund to make investments in the US. The deal spares Japan from a threatened 25% tariff that was set to take effect next. ...

Market Trends & Trade Deals - Positive trade news with Japan is sending stocks higher, with the NASDAQ up approximately 0.67%, the Dow adding roughly 230 points, and the S&P 500 up around 0.3% [5] - President Trump states a trade deal with Japan has been reached, with a 15% tariff rate on imports to the US, boosting shares of automakers like Toyota [11] - Goldman Sachs economists estimate the US effective tariff rate is around 15%, significantly higher than at the start of the year [18] Company Performance & Earnings - AT&T anticipates saving up to $8 billion from this year to 2027 due to the newly signed bill [2][32] - Hilton issued below consensus guidance, partly due to reduced inbound tourism [2][14][49] - Hasbro took a $1 billion impairment charge in Q2 in its toy business due to tariffs, mainly on China [3] - Texas Instruments is experiencing losses despite a Q2 beat, with Q3 outlook projecting 11% sales growth, a slowdown from last quarter [6] - NXP Semiconductors issued Q3 guidance that failed to impress investors, with concerns about growth drivers and lower profit margins, leading to a share decline of about 3% [8][9] - Tesla's earnings are under scrutiny, with Goldman Sachs analysts estimating EPS for Q2 and the year below consensus [4][37] - Otis is issuing soft full-year EPS guidance due to weak demand for new equipment out of China and the Americas [34][35] Meme Stocks & Retail Investor Activity - Renewed meme stock trade is evolving, with moves in Crispy Cream and GoPro [12][13][25] - Doge is up more than 50% and Sheiba Enu is up more than 20% over the last month, indicating frothiness in the market [29] Economic Outlook & Bond Market - Concerns exist about the economic outlook in the second half, with GM calling out weak second-half demand and travel-related stocks showing concerns about lower-end income consumers [46][47] - The US economy is described as K-shaped, with a bifurcation between haves and have-nots at both the consumer and stock levels [48] - The bond market has been relatively quiet, but a flare-up could occur if investors believe the Fed is acquiescing to Trump or if Powell were to leave [50][51][52][59]

The EU plans to quickly hit the US with 30% tariffs on €100 billion ($117 billion) worth of goods if no trade deal is agreed before August 1: https://t.co/bPHmQAQpGK📷: Angel Garcia/Bloomberg https://t.co/v9BA6yMiVH ...

🇪🇺 LATEST: EU prepares €100B counter-plan to match the U.S. 30% tariffs if no trade deal is reached by Aug. 1. https://t.co/buPYijjA7d ...