Happy Monday! Enjoy it while you can...
What's Moving Markets?
U.S. stock futures signaled a sharp drop on Monday as the trade conflict between the U.S. and China escalated. China announcing it will raise tariffs on $60 billion in U.S. goods in retaliation for the U.S. decision to hike duties on Chinese goods. Tariffs will increase to 25% from 10% on June 1, the Chinese Finance Ministry said Monday.
Action Alerts Plus' Senior Analyst Jeff Marks and Real Money's Reporter Kevin Curran break down how investors should react to the recent news and what to expect from the market going forward.
Real Money's Stock of the Day
Apple undefined is Real Money'sStock of the Day. Apple is both vulnerable to price increases at home, and retaliatory tariffs in China. That has the stock nearing correction territory - its down more than 9% since Trump's May 5 Tweet threatening new tariffs.
Real Money's Kevin Curran zeros in on how tariffs will impact Apple's sales and its next earnings report.
...And the earnings parade continues.
Watch today's Live Show.Action Alerts Plus' Jeff Marks and Real Money's Kevin Curran have to say for each.
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This article was written by a staff member of TheStreet.