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 1:50 PM
Updated: Jul 25, 2018 1:50 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.

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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

Indiana Coronavirus Cases

Data is updated nightly.

Cases: 613228

Reported Deaths: 9728
CountyCasesDeaths
Marion846851338
Lake45676687
Allen32980552
Hamilton29649315
St. Joseph27531382
Elkhart24478345
Vanderburgh19610250
Tippecanoe18108141
Johnson15191295
Porter14944169
Hendricks14485250
Madison11044222
Clark10811144
Vigo10795181
Monroe9458113
Delaware9170134
LaPorte9145164
Howard8292144
Kosciusko810183
Warrick680299
Hancock6782104
Bartholomew6640100
Floyd6507110
Wayne6177162
Grant6027116
Dubois558680
Boone556468
Morgan548695
Henry511464
Marshall506984
Cass486964
Dearborn486545
Noble475659
Jackson427747
Shelby420781
Lawrence393780
Clinton375044
Gibson374459
Harrison353045
DeKalb349864
Montgomery347654
Knox336239
Miami324544
Steuben315046
Whitley311126
Wabash305851
Adams302836
Ripley300546
Putnam298950
Huntington294860
Jasper291734
White275143
Daviess271774
Jefferson266238
Decatur249583
Fayette248648
Greene242262
Posey241028
Wells236951
LaGrange230062
Scott226839
Clay224332
Randolph215248
Jennings200636
Sullivan193533
Spencer193022
Washington188023
Fountain184927
Starke176444
Jay168623
Owen167637
Fulton164830
Orange160935
Carroll159715
Rush156318
Perry155929
Vermillion149734
Franklin149333
Tipton133133
Parke13088
Pike118526
Blackford111822
Pulaski97837
Newton92021
Brown88335
Benton87110
Crawford8099
Martin74913
Warren6857
Switzerland6695
Union6297
Ohio4977
Unassigned0376

Ohio Coronavirus Cases

Data is updated nightly.

Cases: 868656

Reported Deaths: 10768
CountyCasesDeaths
Franklin102154707
Cuyahoga865201153
Hamilton64744448
Montgomery43516419
Summit35250762
Lucas31663631
Butler31268232
Stark26096443
Warren19830142
Lorain19296229
Mahoning17471339
Lake16250154
Clermont16128112
Delaware1453680
Licking13326137
Fairfield1294981
Trumbull12920317
Greene12174141
Medina11732168
Clark11058265
Wood10457158
Allen9988127
Portage9454111
Miami924473
Richland9236118
Marion7486113
Tuscarawas7440183
Columbiana7409124
Pickaway732150
Wayne7111172
Muskingum710342
Erie6221130
Ross5558100
Hancock555292
Scioto542764
Geauga515955
Darke473492
Lawrence460658
Union456928
Ashtabula456473
Sandusky439562
Mercer435089
Seneca433866
Huron432841
Auglaize424164
Shelby422522
Jefferson422469
Belmont421145
Washington394240
Athens38389
Putnam378075
Madison358129
Knox356122
Ashland349038
Fulton340443
Defiance334486
Crawford325774
Preble322737
Brown315821
Logan312132
Ottawa296543
Clinton291543
Williams280367
Highland279018
Jackson265845
Guernsey257126
Champaign253428
Fayette239530
Morrow23464
Perry233718
Holmes226774
Henry221953
Hardin215533
Coshocton206922
Van Wert203445
Gallia199826
Wyandot196751
Pike178017
Adams177715
Hocking173224
Carroll157616
Paulding145321
Noble121040
Meigs109724
Monroe102232
Harrison89921
Morgan83931
Vinton71314
Unassigned00
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