NewsWare's Trade Talk: Monday, July 7

S&P Futures are displaying modest weakness this morning as markets await details from the White House, where President Trump is expected to send out tariff letters to numerous countries today. The focus is on which countries will receive these notifications and what specific tariff rates will be imposed, as the administration’s 90-day pause on higher tariffs expires this week. President Trump will be hosting a state dinner tonight for Israel's Prime Minster this evening. Tesla shares are lower after Elon Musk said he had created a new political party. No major economic releases are due out today. On the earning front, Delta Air Lines, Conagra Brands, Levi Strauss, Simply Good Foods, PriceSmart, AZZ Inc., and WD-40 are expected to release this week.