Tesla is also reporting earnings, but the attention will be on its production numbers. The Federal Reserve board meets, but it’s not expected to raise interest rates.
TECHNOLOGY
Apple, the world’s most valuable company, is the last of the big tech companies to report earnings this quarter, scheduled for after the market closes on Tuesday. Apple has been largely insulated from many of the issues that have recently hit other tech companies, including regulatory fines and data misuse, and it is expected to report another round of big profits. Apple, however, may soon face headwinds outside its control with an accelerating trade war between the United States and China. The company assembles many of its products, including iPhones, in China, while also depending on the country as its No. 3 market.
— Jack Nicas
ECONOMY
The European Union statistics agency will publish an estimate of its economic growth during the second quarter on Tuesday, shedding light on whether trade tensions are taking a toll on growth. President Trump’s tariffs on European steel and aluminum affect a relatively small sliver of the economy. But Mr. Trump’s aggressive stance on trade may have unsettled European business executives and made them reluctant to invest, which would cut into gross domestic product.
— Jack Ewing
ECONOMY
The Federal Reserve is expected to keep interest rates steady at the end of a two-day meeting on Wednesday. The Fed’s chairman, Jerome H. Powell, does not have a news conference scheduled, which means Fed watchers will have to wait to hear his opinion of President Trump’s recent criticism of the Fed’s interest rate increases this year.
— Jim Tankersley
AUTO INDUSTRY
Tesla reports its second-quarter earnings on Wednesday, and again the focus will be less on the expected loss than on any update on the number of Model 3 sedans the company has built. The electric-car maker is striving to be able to produce at least 5,000 Model 3s per week. The company’s chief executive, Elon Musk, has said that Tesla will be profitable in the second half of the year if it can reach that number. Tesla built that many in the final seven days of June, but it’s unclear if it has been able to sustain that level of output. Analysts expect a loss of about $3.50 a share for the quarter. A year ago, the company reported a loss of $2.04 a share.
— Neal E. Boudette
AUTO INDUSTRY
On Wednesday, automakers will report new vehicle sales in July in the United States. The market researcher Cox Automotive said it expected sales of 1.4 million cars and light trucks, in line with the same period from a year ago. So far this year, new car sales are coming in stronger than expected. Sales in the first half of the year are running ahead of the same period in 2017. But Cox said sales could soften in the second half, with both gasoline prices and interest rates on the rise, and some manufacturers reaching their limits on incentives and discounts.
— Neal E. Boudette
AUTO INDUSTRY
The German automakers Volkswagen and BMW will report earnings this week, and they will most likely warn about the ill effects of the trade disputes involving the United States on their sales and profits. BMW, which reports on Thursday, faces stiff tariffs on cars it exports from a factory in South Carolina to China, which is retaliating against punitive measures enacted by the United States. Volkswagen, which reports on Wednesday, has factories in Tennessee and Mexico and faces higher production costs because of American tariffs on imported steel and aluminum, as well as uncertainty about the future of the North American Free Trade Agreement.
— Jack Ewing
ECONOMY
The Bank of England’s monetary policy committee is widely expected raise the bank rate slightly to 0.75 percent from 0.5 percent on Thursday, but weak wage growth and inflation numbers have made the move less certain. A rise could lift the pound, but the currency is also under pressure from concerns around Britain’s departure from the European Union.
— Amie Tsang
ECONOMY
On Friday, at 8:30 a.m., the Labor Department is scheduled to release its report on the nation’s hiring and unemployment for July. Wall Street analysts are looking for another strong month of growth with payrolls expected to expand by 190,000. The jobless rate is expected to decrease to 3.9 percent; it inched back up to 4 percent in June because a surge of Americans decided to join the labor force, a sign that more people are optimistic about their employment prospects. Wage growth, though, has continued to disappoint. Economists are expecting the average hourly wage to climb by 0.3 percent, which would keep the annual year-over-year increase level at 2.7 percent.
— Patricia Cohen
