Here are five key things investors need to know to start the trading day:
Investors and economists will closely monitor July’s consumer price index reading due Tuesday morning, and the stakes feel particularly high this time around. President Donald Trump shocked economics earlier this month when he fired the head of the Bureau of Labor Statistics, accusing her of manipulating jobs data. Trump said Monday that he will nominate E.J. Antoni — chief economist at the Heritage Foundation and a critic of the BLS — to the role. After the shakeup, as CNBC’s Jeff Cox reports, economists are now questioning how much they can trust government data going forward. Follow live markets updates here.
Trump set the record straight on Monday: Gold bars will not be tariffed. His announcement ended days of confusion around the metal’s fate after Customs and Border Protection said gold bars wouldn’t be excluded from Trump’s broad and steep duties. The president on Monday also said he extended China’s tariff deadline by another 90 days. Investors, however, didn’t seem to give much weight to the policy updates as stocks closed lower on Monday.
After Intel
CEO Lip-Bu Tan received a public scolding from Trump last week, the executive seems to be taking a page out of Apple
