North American Morning Briefing : Futures Point to -2-
CGO.TO
Published on 07/15/2025 at 06:19
Israel Struck a Notorious Iranian Prison. Its Inmates Are Paying a Price.
Authorities at Tehran's Evin Prison were still attending to the dead and wounded on the evening of June 23 when one of the highest-profile inmates held there, Swedish-Iranian scientist Ahmadreza Djalali, called his wife to tell her he was safe.
Hours earlier, Israeli airstrikes hit the sprawling compound that holds thousands of detainees, many of them political prisoners. The destruction and damage was so extensive-far more than outside observers initially realized-that the prisoners were being transferred elsewhere, he told her in a brief phone call.
Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached
BRUSSELS-The European Union is readying a fresh list of American products-ranging from aircraft to alcoholic beverages, coffee and medical devices-to hit with retaliatory tariffs if a trade deal isn't reached by President Trump's Aug. 1 deadline.EU officials on Monday unveiled the list after Trump's latest tariff threat over the weekend revived a debate in the bloc over whether it should fight back, and how forcefully, if the two sides can't reach a deal.The EU in April froze an initial package of retaliatory tariffs against the U.S. after Trump said he would limit blanket tariffs on most countries to 10% for 90 days. The new EU list, circulated to the bloc's 27 member states and viewed by The Wall Street Journal, covers American imports that were together valued at roughly $84 billion last year.
The list covers about $77 billion worth of industrial imports, including aircraft, machinery, automotive products, chemicals, plastics and medical devices. It also covers about $7 billion worth of agricultural and food products, such as fruits and vegetables, wine, beer and spirits.
Trump Raises Pressure on Russia With Tariff Threat, Ukraine Weapons Deal
President Trump threatened Monday to increase economic pressure on Moscow if there is no peace deal with Ukraine in 50 days, underscoring his growing anger with Russian President Vladimir Putin as he outlined a deal to send weapons to Ukraine.
The U.S. will impose "very severe tariffs if we don't have a deal in 50 days," Trump said.
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TODAY IN CANADA
Earnings:
Cogeco Communications 3Q
Economic Indicators (ET):
0830 CPI data for June
0830 Monthly Survey of Manufacturing for May
0830 New motor vehicle sales for May
Stocks to Watch:
Faraday Copper Announces C$30M Financing
Ritchie Bros. Completes Acquisition Of J.M. Wood Auction Co.
Riot Platforms Reports Beneficial Ownership of 10.29% in Bitfarms
Expected Major Events for Tuesday
04:30/JPN: May Revised Retail Sales
09:05/GER: Jul ZEW Indicator of Economic Sentiment
12:30/US: Jun CPI
12:30/US: Jun Real Earnings
12:30/CAN: May Monthly Survey of Manufacturing
12:30/US: Jul Empire State Manufacturing Survey
12:30/CAN: May New motor vehicle sales
12:30/CAN: Jun CPI
12:55/US: 07/12 Johnson Redbook Retail Sales Index
20:30/US: API Weekly Statistical Bulletin
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Expected Earnings for Tuesday
Albertsons Cos Inc (ACI) is expected to report $0.45 for 1Q.
AngioDynamics Inc (ANGO) is expected to report $-0.25 for 4Q.
Bank of New York Mellon Corp (BK) is expected to report $1.75 for 2Q.
Barrick Mining Corp (ABX.T,B) is expected to report for 2Q.
BlackRock Inc (BLK) is expected to report for 2Q.
Cogeco Communications Inc (CCA.T,CGEAF) is expected to report $1.87 for 3Q.
Cogeco is expected to report for 3Q.
Fulton Financial Corp (FULT) is expected to report $0.43 for 2Q.
Goodfellow is expected to report for 2Q.
Great Southern Bancorp Inc (GSBC) is expected to report $1.34 for 2Q.
Hancock Whitney Corp (HWC) is expected to report $1.36 for 2Q.
JB Hunt Transport Services Inc (JBHT) is expected to report $1.30 for 2Q.
Kestra Medical Technologies Ltd (KMTS) is expected to report for 4Q.
Omnicom Group Inc (OMC) is expected to report $1.94 for 2Q.
Park Aerospace Corp (PKE) is expected to report for 1Q.
Pinnacle Financial Partners Inc (PNFP) is expected to report $1.91 for 2Q.
Sonder Holdings Inc (SOND) is expected to report for 4Q.
State Street Corp (STT) is expected to report $2.31 for 2Q.
Wells Fargo & Co (WFC) is expected to report $1.41 for 2Q.
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ANALYST RATINGS ACTIONS
Affirm Holdings Cut to Neutral From Buy by BTIG
Ally Financial Inc Raised to Neutral From Sell by BTIG
American Axle Raised to Buy From Neutral by UBS
Ansys Cut to Neutral From Outperform by Baird
Best Buy Co Inc Cut to Neutral From Overweight by Piper Sandler
Best Buy Cut to Neutral From Overweight by Piper Sandler
Core Scientific Cut to Market Perform From Market Outperform by JMP Securities
CrowdStrike Holdings Cut to Equal-Weight From Overweight by Morgan Stanley
Evercore Cut to Market Perform From Market Outperform by JMP Securities
Fluence Energy Cut to Neutral From Outperform by Mizuho
Global Payments Raised to Buy From Hold by TD Cowen
Goldman Sachs Cut to Market Perform From Market Outperform by JMP Securities
Henry Schein Cut to Neutral From Outperform by Baird
HF Sinclair Cut to Underperform From Peer Perform by Wolfe Research
Houlihan Lokey Raised to Outperform From Market Perform by Keefe, Bruyette & Woods
Intapp Cut to Underweight From Equal-Weight by Barclays
KKR & Co. Cut to Market Perform From Market Outperform by JMP Securities
Marathon Petroleum Cut to Peer Perform From Outperform by Wolfe Research
Mastercard Raised to Buy From Neutral by Seaport Global
MiNK Therapeutics Cut to Market Perform From Outperform by William Blair
MVB Financial Raised to Outperform From Market Perform by Hovde Group
nCino Raised to Outperform From Neutral by Baird
Nextracker Cut to Neutral From Outperform by Mizuho
Omega Healthcare Raised to Overweight From Equal-Weight by Wells Fargo
Paymentus Holdings Raised to Outperform From Market Perform by Raymond James
PayPal Holdings Raised to Neutral From Sell by Seaport Global
Perella Weinberg Partners Cut to Market Perform From Outperform by Keefe, Bruyette & Woods
Procter & Gamble Cut to In-Line From Outperform by Evercore ISI Group
Prog Holdings Cut to Sell From Neutral by BTIG
Rivian Automotive Cut to Neutral From Buy by Guggenheim
SoFi Technologies Cut to Market Perform From Market Outperform by JMP Securities
SoundHound AI Cut to Neutral From Overweight by Piper Sandler
Stitch Fix Raised to Outperform From Market Perform by William Blair
Synchrony Financial Raised to Buy From Neutral by BTIG
Tidewater Cut to Neutral From Buy by BTIG
Valero Energy Cut to Peer Perform From Outperform by Wolfe Research
Vestis Cut to Underweight From Neutral by JP Morgan
Visteon Raised to Buy From Neutral by UBS
WK Kellogg Raised to Hold From Sell by TD Cowen
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
07-15-25 0618ET