⛅ Good morning and happy Monday! Earnings season is back and markets are already feeling the pressure.

Futures are sliding as Trump reignites tariff tensions, warning of 30% duties on EU and Mexican imports starting August 1. Meanwhile, Wall Street braces for CPI, PPI, and some of the biggest Q2 reports of the year.

Here’s what you need to know before the opening bell. 👇

*Stock data as of market close, cryptocurrency data as of 1:00am ET.

Markets: Wall Street kicks off earnings season after all three major indexes slipped slightly last week. But some argue the drop should’ve been steeper, voices like JPMorgan CEO Jamie Dimon warn that markets are brushing off the risks of Trump’s renewed tariff threats, which could hit the economy harder than investors expect.

📉 Futures dip amid tariff tensions

U.S. index futures slipped ~0.3% following President Trump’s announcement of 30% tariffs on EU and Mexican imports starting August 1 a move that rattled markets ahead of key economic data this week.

Something huge is headed to America's shores – and it scares the hell out of Wall St. legend Louis Navellier. When it makes landfall, its impact will be more violent and more severe than any financial crisis we've ever seen… "No matter how prepared you think you are, you aren't prepared enough," he warns.

Toyota Motor (TM) edged down 0.04% to close at $170.26 on Monday after the company announced a massive ¥8 trillion (~$70 billion) investment in battery-electric vehicles by 2030—a move aimed at cementing its role in the global EV transition.

The spending plan will fund the development of 30 new EV models and bolster Toyota's competitive stance as import tariffs on EU and Mexican vehicles loom. Investors view the move as a long-overdue shift from ICE (internal combustion engine) dependence.

While near-term margin pressure is likely as R&D costs rise, the long-term strategic shift is expected to open new market share in North America and Asia.

Wall Street reaction has been cautiously optimistic, with several analysts suggesting tactical buys near the $165–168 level as the EV plan unfolds.

Boeing (BA) rose 0.32% to close at $226.84 on Monday after Indian aviation authorities said a recent Air India crash was linked to a fuel cutoff switch, not a structural flaw in the aircraft—helping restore confidence in Boeing’s plane design.

The news sparked a modest relief rally, with investors welcoming the avoidance of more costly redesigns or delivery delays. Analysts noted the outcome removes a potential cloud ahead of several major delivery reviews this quarter.

Technically, Boeing is now attempting to stabilize above the $220–225 range, with possible upside retests near $240–255 if further inspections confirm the initial findings.

The stock remains down for the year but may regain altitude if clarity continues and earnings surprise to the upside.

Fastenal (FAST) slipped 0.65% to close at $43.27 on Monday despite posting a Q2 earnings beat, driven by a 6.1% YoY jump in average daily sales and reaffirmed full-year guidance amid steady demand from U.S. manufacturers.

The company’s expanding digital footprint—now accounting for over 62% of revenue—boosted operational efficiency and improved margin visibility. Management highlighted strong momentum in its industrial vending and logistics services.

While inflationary pressures remain a concern, the stock is being viewed as a bellwether for broader industrial resilience.

Traders are watching for a technical floor near $41–42, with potential upside to $48–50 if macro data continues to support the sector’s rebound.

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That’s a wrap for this morning’s issue.

With earnings rolling in, inflation prints on deck, and trade policy back in focus, expect volatility to pick up fast.

We'll be back tomorrow with the biggest movers, key setups, and under-the-radar names catching fire.

—The Future Bytes Team

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