Key Takeaways<\/p>\n
The “reciprocal” tariffs deadline, Federal Reserve meeting minutes, and Amazon Prime Day highlight this week\u2019s economic and business calendar.\n<\/p>\n
Investors will also be watching for data on consumer credit levels and jobless claims.\u00a0Delta Air Lines and Conagra Brands lead this week\u2019s corporate earnings.\n<\/p>\n
Markets were at highs at the end of last week’s trading<\/a>, which was shortened by the Independence Day holiday. The S&P 500 and Nasdaq\u00a0finished Thursday at record highs, while the Dow wasn’t far off its own high-water mark. President Donald Trump on Friday signed<\/a> a big taxation-and-spending bill into law.\n<\/p>\n Read to the bottom for our calendar of key events\u2014and one more thing.\u00a0\u00a0\n<\/p>\n Tariff Deadline, Prime Day, FOMC Meeting Minutes in Spotlight <\/p>\n After a 90-day pause on the elevated \u201cLiberation Day\u201d tariffs, the deadline for the U.S. to negotiate new deals with a host of trading partners comes Wednesday<\/a>. Tariffs could go back to the levels announced in April<\/a> for countries that haven\u2019t yet negotiated a deal. President Trump has announced trade deals, including agreements with the U.K.<\/a> and Vietnam, but several other countries have yet to reach agreements on the import taxes. Trump said he has ended negotiations with Canada<\/a>. It\u2019s unclear if Trump will reimpose the tariffs or extend the deadline again for countries that haven\u2019t reached a deal.\u00a0\n<\/p>\n Wednesday\u2019s release of the minutes from the June Federal Reserve meeting<\/a> will give investors insight into how Fed officials are viewing the economy<\/a>, as central bankers watch economic data as they decide how to set interest-rate policy. Reports on consumer credit levels and jobless claims also will be released this week.\n<\/p>\n Investors will be watching Amazon (AMZN<\/a>) as it begins its annual \u201cPrime Day\u201d sale on Tuesday. After sales hit an all-time high at last year\u2019s event, Amazon has extended this year’s sale<\/a> to four days from two.\u00a0\n<\/p>\n Corporate earnings reports will trickle in this week, preceding the full start of earnings season the following week. Delta Air Lines (DAL<\/a>)\u00a0earnings are scheduled for Thursday, following a quarterly sales increase<\/a> with higher passenger revenue. Slim Jim parent Conagra Brands (CAG<\/a>) reports on the same day, coming after an underwhelming previous-quarter earnings report<\/a> that showed sales and profit declined due to supply constraints.\u00a0 Levi Strauss (LEVI<\/a>) also will deliver its quarterly earnings update the same day, as the company grapples with how to handle tariffs<\/a>.\u00a0\n<\/p>\n Quick Links: Recap Last Week\u2019s Trading<\/a> | Latest Markets News<\/a>\n<\/p>\n This Week’s Calendar <\/p>\n Monday, July 7<\/strong>\n<\/p>\n Tuesday, July 8<\/strong>\n<\/p>\n Wednesday, July 9<\/strong>\n<\/p>\n Thursday, July 10<\/strong>\n<\/p>\n Friday, July 11<\/strong>\n<\/p>\n One More Thing <\/p>\n\n
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