S&P Futures are displaying modest weakness this morning. After the bell yesterday, President Trump announced that the U.S. will impose 50% tariffs on copper imports. In addition, he also declared that imports from Brazil will be hit with 50% tariffs. Both are schedule to start on August 1st. The key economic event today will be the release of the Weekly Jobless Claims. In corporate news Delta is trading higher after an earnings beat. Boeing shares continue to climb as the Air India investigation appears to be focused on fuel switches and not a design flaw. Italian candy maker Ferrero appears to be nearing a deal to buy WK Kellogg for $3 billion. Costco released positive sales data for June and DLTR announced a large share buyback. After the bell today, WDFC & LEVI are set to report earnings.
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