Earnings Reports - Apple is expected to report EPS of $1.43 on revenue of $88.89 billion, with a focus on subscription and service revenue despite concerns about slowing iPhone growth [8] - Microsoft is projected to report EPS of $3.38 on revenue of $73.8 billion, driven by AI adoption, cloud services, and data center investments, with investors keen on AI integration into core platforms [9] - Other companies reporting include Waste Management, Nucor, Visa, Procter & Gamble, UnitedHealth, Boeing, PayPal, Qualcomm, Robinhood, eBay, Mastercard, Exxon Mobil, and Chevron [10] Trade Agreement - The United States and the European Union reached a last-minute agreement to impose a 15% tariff on most EU exports, avoiding a broader trade conflict [11] - This agreement comes ahead of a deadline that would have seen significantly higher tariffs, with initial proposals from Trump suggesting a 50% tariff on EU imports [12] Economic Policy and Market Reactions - Concerns about the Federal Reserve's independence have led to market volatility, with speculation about potential rate cuts and their implications for economic stability [5][7] - Markets are pricing in over 200 basis points of Fed cuts by August 2026, which historically has been associated with recessionary conditions [7]

Incident Summary - American Airlines flight experienced a tire failure during takeoff at Denver International Airport [1][2] - The flight involved a Boeing 737 Max 8 with 179 people on board [1][2] - Emergency slides were deployed for passenger evacuation [1] - One passenger was hospitalized with a minor injury [2] Operational Impact - The incident occurred about halfway to takeoff speed [1] - The pilot initiated abort procedures immediately [1] - A fire engine sprayed the tire after the incident [2] Safety & Maintenance - The aircraft experienced a maintenance issue involving a tire before takeoff [2] - All passengers were safely evacuated [2]

Solo flyers who travel with some of America’s big legacy airlines within the work week reportedly end up paying a higher fare than everyone else. We investigate https://t.co/odfmFQQnYw ...

Airlines have long been champions of price discrimination. Two charts show how some of America’s big legacy carriers have started charging more for solo travellers https://t.co/OCyQbKkNsb ...

Group 1 - JetBlue was identified as a potential investment opportunity in late 2023 when airline stocks were at low prices following the COVID rebound [1] - The airline sector was viewed as a contrarian bet due to Wall Street's expectations of solid profits [1]

Two flight attendants on a Southwest Airlines Co. jet were injured Friday after the pilot had to maneuver sharply in response to alerts that another aircraft was in the vicinity https://t.co/9hQITYBNwu ...

Southwest flight plummets, injuring flight attendants https://t.co/EnSMp1sHba ...

What are we learning about these alerts the pilot got on that Southwest flight. >> Tom, this happened at 14,000 ft as the Southwest plane was climbing out of the Burbank airport headed for Las Vegas. A source with knowledge of the event says a hawker hunter, a vintage British fighter plane, came dangerously close to the Southwest plane, setting off collision warnings and forcing Southwest to take evasive action.Tonight, a pilot forced to make a dramatic dive midair to avoid a potential collision with anothe ...

American Airlines finally has taken possession of its first long-range Airbus SE A321XLR aircraft, but the plane will remain in Europe because of a supply chain issue https://t.co/KSsUIQ2BNJ ...

Core Insights - Canadian National Railway Company (CNI) reported second-quarter 2025 results with earnings and revenues falling short of Zacks Consensus Estimate, leading to a 4.9% decline in stock price since the earnings release on July 22 [1] Financial Performance - Earnings per share (EPS) were $1.35 (C$1.87), missing the Zacks Consensus Estimate of $1.37 and remaining flat year-over-year [3] - Revenues for Q2 2025 were $3.09 billion (C$4.3 billion), below the Zacks Consensus Estimate of $3.16 billion, and declined 2.4% year-over-year [3] - Revenue ton-miles (RTMs) decreased by 1% year-over-year, while carloads dropped by 0.4% [4] - Operating expenses fell by 5.2% year-over-year due to cost-cutting measures [4] - Operating income grew by 4.9% compared to Q2 2024, with the operating ratio improving by 0.5 points to 61.7% [5] Segment Performance - Freight revenues, which accounted for 95.7% of total revenues, decreased by 1.5% year-over-year [6] - Specific declines in freight revenues included petroleum and chemicals (-5%), metals and minerals (-7%), forest products (-8%), intermodal (-3%), and automotive (-6%) [6] - Revenues from grain and fertilizers increased by 13% year-over-year, while coal revenues remained flat [6][7] Liquidity and Capital Management - CNI ended Q1 2025 with cash and cash equivalents of C$216 million, down from C$389 million at the end of Q4 2024 [9] - Long-term debt decreased to C$19.3 billion from C$19.7 billion at the end of December 2024 [9] - CNI generated C$1.75 billion from operating activities, with free cash flow at C$922 million [9] - Under its current Normal Course Issuer Bid (NCIB), CNI may repurchase up to 20 million common shares, having repurchased 2.2 million shares for $300 million as of March 31, 2025 [10] Outlook - For full-year 2025, CNI anticipates mid to high-single-digit adjusted EPS growth, revised down from a previous guidance of 10%-15% [11] - CNI plans to invest approximately C$3.4 billion in its capital program, net of customer reimbursements [11] - The company has withdrawn its financial outlook for the 2024-2026 period due to macroeconomic uncertainty [11]