STOCK/ECONOMY
-Stock futures are lower as investors focus on new tariff announcements even as earnings reporting season begins this week.
-The yield on the 10-year Treasury bond is at 4.42 percent.
-Gold is up to the $3,386 per ounce level. Bitcoin is at a new all-time high at the $121,900 level.
-Asian markets closed mixed today. The Hang Seng gained 0.3 percent, the Nikkei lost 0.3 percent, and the Shenzhen fell 0.1 percent.
OIL/ENERGY
-U.S. crude prices are up to a three-week high at the $69 a barrel level.
-Gasoline prices are at $3.15 a gallon, national average.
DEFICIT STUNNER
-The federal government ran a surplus in June for the first time since 2017. Tariff revenue played a big role in the added cash coming to the Treasury.
TARIFF WARS
-President Trump has announced new 30 percent tariffs on Mexico and the European Union countries, set to go into effect on August 1.
-China's regime says its exports to the U.S. rose by 5.8 percent in June, thanks to the trade deal with the U.S. it made after sharp export declines in April and May.
AI MANIA
-Elon Musk posted on X that he does not support a merger between Xai/Grok and Tesla (TSLA), but he will put the matter up to the shareholders of Tesla to decide. This also comes as Tesla is adding Xai/Grok to its vehicle software systems this week. Tesla shares are up 1 percent in the premarket.
-The hiring and poaching fest in the AI sector continues as Google has made a $2.4 billion deal to hire Varun Mohan, co-founder and CEO of artificial intelligence coding startup Windsurf. Google is also getting non-exclusive access to Windsurf technology. Google parent Alphabet (GOOGL) shares are down 1 percent in the premarket.
COLLEGE COSTS
-The new spending bill passed by Congress and signed by President Trump earlier this month puts limits on how much students can borrow in federally-backed college loan programs. The move is meant to pressure schools to lower tuition prices.
SUPER BOX OFFICE
-The new "Superman" movie took in $122 in U.S. box office receipts this weekend, but DC studios parent Warner Brothers Discovery (WBD) shares are flat in the premarket.
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