🤝 American lawmakers are haggling over a new stimulus bill, with the shape of supplemental jobless benefits — which expired last week — the biggest sticking point. Democrats are pushing for a $3 trillion package that extends many of the previous measures, while Republicans have aimed for a narrower bill worth around $1 trillion.
🗣 It’s another busy week for earnings, with more than 100 S&P 500 companies reporting their latest quarterly results. The highlights include BP, Diageo, Disney and KKR on Tuesday; CVS and Moderna on Wednesday; Uber on Thursday; and Berkshire Hathaway on Saturday.
📱 Google is expected to unveil its latest Pixel smartphone on Monday. On Wednesday, Samsung announces its latest line of phones, tablets and watches. Most of these gadgets will be able to connect to 5G networks, if only more of those were available.
📈 A crucial U.S. jobs report on Friday will reveal whether improvements in hiring in May and June continued in July. Weekly data on unemployment claims haven’t been encouraging, but economists still predict that the economy added around 1.6 million jobs last month (on average, with huge variations in forecasts).