Dollar slips near yearlow as Obamacare setback rattles markets
The US dollar weakens to around 94.48 on the DXY after Republicans concede insufficient votes to pass Obamacare repeal. Analysts say growth expectations dim, hurting the dollar, but exporters and emerging markets may gain from a cheaper currency and stronger foreign demand.
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Joe Quinlan
U.S. Trust
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Axel Merk
Merk Funds
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Don Rismiller
Strategas Research Partners
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Walmart apologizes for UK posted racial slur ad
Walmart Stores faced backlash after a third party in the United Kingdom posted a racial slur ad selling a wig cap. The company removed the ad and expects its new Florida fulfillment center to create over 1,500 jobs. Verily, its life science unit, plans to release millions of Wolbachia infected mosquitoes in Fresno neighborhoods to curb disease.
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Daimler recalls over 3 million Mercedes vehicles in Europe
Daimler AG announced a voluntary recall of more than 3 million Mercedes-Benz diesel vehicles in Europe to improve emissions performance. The recall will cost about $255 million and affect several markets.
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Mercedes-Benz
Europe
CBOE VIX measures expected market volatility insight
The VIX index quantifies anticipated market swings from S P 500 option pricing. The source notes the trailing twelve month operating earnings basis for S P 500 price to earnings ratio in in depth markets coverage.
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CBOE
S&p
Harley-Davidson cuts jobs as sales slump worsens
Harley-Davidson warned its full year bike shipments will drop 6 to 8 percent from last year and operating margins fall. CEO Matt Levatich said hourly layoffs would start immediately at some US plants amid weaker demand especially from Millennials. Second quarter revenue fell 4.8 percent to 1.77 billion, with US sales down 9.3 percent.
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Mediately Clear
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Matt Levatich
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Ducati
UBS
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