Here are some of the notable earnings reports just released:
Facebook ($FB)
Shares of social media giant Facebook rose after the bell as the company beat expected revenue and earnings per share.
Amazon ($AMZN)
Shares of e-commerce giant Amazon rose after the bell as the company beat expected revenue and earnings per share.
Alphabet ($GOOG)
Shares of Google's parent company Alphabet rose after the bell as the company beat expected revenue and earnings per share.
Apple ($AAPL)
Shares of the iPhone maker rose after the bell as the company beat expected revenue and earnings per share.
Gilead ($GILD)
Shares of Gilead Sciences, which is working to develop a COVID-19 vaccine, fell after the bell as the company missed expected revenue and earnings per share.
Shake Shack ($SHAK)
Shares of the burger chain Shake Shack fell after the bell as the company missed expected revenue and earnings per share.
Ford ($F)
Shares of Ford fell after the bell though the automaker beat on expected revenue and earnings per share.
American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They’re concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.
Shopping expert Trae Bodge discusses how talks between the U.S. and China is good news for now, but uncertainty remains for back-to-school and the holidays.
Jake Traylor, White House reporter at Politico, joins Cheddar to discuss how Trump is aiming to lower drug prices and how it differs from Biden's approach.
DJ X, alongside Molly Holder, Senior Director of Product Personalization, takes us inside Spotify's A.I. DJ and how it's the best new way to listen to music.
Sheryl Palmer, CEO of Taylor Morrison, talks tariff uncertainty, being a female leader in a male dominated industry and what homebuyers need to know. Watch!
