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Trump meets EU; Facebook earnings; Fiat Chrysler update

1. Trump talks trade: President Donald Trump is set to meet with European Commission President Jean-...

Posted: Jul 25, 2018 12:50 PM
Updated: Jul 25, 2018 12:50 PM

1. Trump talks trade: President Donald Trump is set to meet with European Commission President Jean-Claude Juncker on Wednesday.

The two leaders "will focus on improving transatlantic trade and forging a stronger economic partnership," the White House said.

The United States has already put tariffs on aluminum and steel imports from the European Union, and now Trump is threatening to hike tariffs on cars made in Europe to 20%. EU officials hope the trip will help defuse the tension.

The United States and European Union have the world's largest bilateral trading relationship, worth over $1.1 trillion a year.

2. Facebook earnings: Facebook will report its second quarter results after the bell, providing the clearest glimpse yet into how the Cambridge Analytica data debacle impacted user growth and ad sales.

Facebook has endured grillings from lawmakers on both sides of the Atlantic and faces scrutiny from several federal agencies in the United States.

Yet the company continues adding users across its portfolio of apps and remains a top destination for advertisers. Its stock is trading at a record high.

Watch CNNMoney's 'Markets Now' at 12:45 p.m. ET

3. Fiat Chrysler reports: The automaker Fiat Chrysler will report results before the opening bell.

It's a chance for investors to ask questions following the sudden resignation of Sergio Marchionne on Saturday. The longtime CEO suffered complications from surgery.

His replacement is the former boss of the automaker's Ram and Jeep brands, Mike Manley.

The abrupt leadership change comes less than two months after Marchionne outlined plans to double the carmaker's profits by 2022, find a way into China and launch dozens of new vehicles including electrics and crossovers.

Fiat Chrysler shares opened nearly 1% lower in Milan.

4. Global market overview: US stock futures were flat.

European markets opened mostly lower, following a mixed session in Asia.

The Dow Jones industrial average closed up 0.8% on Tuesday, while the S&P 500 added 0.5%. The Nasdaq was flat. Shares in Google owner Alphabet closed 4% higher, hitting a new record high.

Before the Bell newsletter: Key market news. In your inbox. Subscribe now!

5. Earnings and economics: Boeing, Boston Scientific, Coca-Cola, General Motors, GrubHub, Hilton, IMAX, NASDAQ, Sirius XM Radio, Six Flags, T. Rowe Price, trivago, Tupperware and UPS will release earnings before the bell.

Dolby Labs, Equifax, Ethan Allen, Ford Motor, Mattel, Mondelez International, O'Reilly Auto, PayPal, Qualcomm, Sleep Number and Visa will follow after the close.

The US Census Bureau will release its new home sales report for June at 10 a.m. ET. A report on US crude inventories will be published at 10:30 a.m. ET.

Deutsche Bank reported pretax profit of -711 million ($831 million) for the second quarter. That's 13% lower than the same quarter last year.

Shares in the bank were flat. CEO Christian Sewing said the bank's restructuring plan was on track after three consecutive years of losses. Deutsche has shed 2,100 jobs since the start of the year.

Markets Now newsletter: Get a global markets snapshot in your inbox every afternoon. Sign up now!

6. Coming this week:

Wednesday - Earnings from Boeing, Coca-Cola, Equifax, Facebook, Ford, Fiat Chrysler, General Motors and Mattel; Trump and Juncker meet in Washington to discuss trade issues
Thursday - Earnings from Amazon, American Airlines, Chipotle, McDonald's and Starbucks
Friday - Exxon Mobil, Merck and Twitter report earnings; 21st Century Fox holds shareholder meeting; US reports Q2 GDP data

Mississippi Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 35419

Reported Deaths: 1230
CountyConfirmedDeaths
Hinds290851
DeSoto190019
Madison144638
Jones120349
Harrison113616
Rankin108715
Neshoba104577
Forrest99343
Lauderdale96381
Scott81915
Jackson77519
Washington72213
Copiah65315
Leake63520
Lee61222
Oktibbeha61128
Grenada5949
Warren59421
Holmes58641
Wayne56218
Yazoo5536
Lowndes54813
Lamar5347
Leflore53156
Lincoln52935
Pike49920
Lafayette4974
Sunflower4778
Monroe45635
Panola4486
Covington4355
Bolivar40518
Simpson3933
Attala38424
Newton37510
Tate35213
Adams35120
Pontotoc3466
Marion32712
Claiborne30111
Chickasaw29719
Winston29511
Pearl River28832
Noxubee2788
Jasper2776
Marshall2773
Walthall2627
Clay25811
Union25211
Smith24612
Clarke22325
Coahoma2226
Lawrence2092
Yalobusha2079
Tallahatchie1954
Kemper18414
Carroll18111
Montgomery1713
Calhoun1645
Humphreys16310
Itawamba1468
Tippah14511
Hancock14413
Webster13411
Jefferson1263
Tunica1233
Jefferson Davis1204
Prentiss1204
George1163
Greene11310
Amite1103
Alcorn1002
Quitman991
Wilkinson989
Tishomingo971
Perry874
Choctaw754
Stone742
Franklin542
Sharkey480
Benton460
Issaquena101
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 49892

Reported Deaths: 1077
CountyConfirmedDeaths
Jefferson6433170
Mobile4753139
Montgomery4430112
Tuscaloosa263253
Madison21199
Marshall192611
Shelby164225
Lee157237
Morgan12695
Baldwin120711
Walker106131
Elmore102920
Dallas9969
Etowah95114
DeKalb9417
Franklin93216
Autauga67614
Russell6750
Chambers67427
Unassigned65328
Butler65129
Tallapoosa62869
Limestone6223
Houston5857
Cullman5716
Lauderdale5686
St. Clair5133
Colbert4956
Calhoun4905
Lowndes48122
Escambia4808
Pike4725
Coffee4244
Jackson4182
Covington41412
Barbour3942
Dale3911
Talladega3897
Bullock37710
Marengo35211
Hale34823
Chilton3232
Clarke3126
Wilcox3038
Blount2961
Winston2965
Sumter29113
Marion27514
Pickens2696
Randolph2589
Monroe2553
Perry2362
Conecuh2308
Bibb2211
Macon2159
Choctaw21212
Greene1959
Henry1533
Washington1418
Crenshaw1273
Lawrence1250
Cherokee1237
Geneva960
Lamar871
Clay852
Fayette821
Coosa651
Cleburne421
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