Global markets are feeling the impact of Trump’s tariffs. U.S. service sector slows down in July, raising concerns of stagflation. Companies like Caterpillar and Yum Brands warn of tariff costs. AMD’s disappointing revenue results in a 6.6% stock drop. Investors cautious amid trade war uncertainty and strong earnings.

OpenAI in talks for a secondary stock sale, valuing the company at $500 billion. Asian markets mixed, with Japan and Australia outperforming. Wall Street futures recover, European stock futures up 0.3%. Dollar struggles after jobs report, focus on new Federal Reserve Board of Governors pick.

Trump to announce new Fed Board of Governors member by end of the week. Treasury market braces for $42 billion 10-year note auction. Key developments today include Euro zone retail sales, U.S. bond auction, and earnings from Disney, Uber, and McDonald’s. Stay informed with our new Tariff Watch daily news digest.

Read more at Yahoo Finance: Tariff toll yet to deter stock bulls