Chinese EV maker BYD (BYDDY)spiked over 20% in its second quarter EV sales, closing the gap behind Tesla (TSLA). Barclays estimates an 11% drop in second-quarter deliveries for Tesla, potentially losing its lead the market. Hurricane Beryl, currently making its way through the Caribbean into the Gulf of Mexico, has become a Category 5 storm, and the earliest Category 5 hurricane on record in the Atlantic. Mixed with rising tensions in the Middle East, Oil (BZ=F,CL=F) have begun to rise with some analysts predicting it can reach over $90 a barrel. The latest Job Openings and Labor Turnover Survey (JOLTS) is expected to show 7.9 million openings, while Federal Reserve Chair Jerome Powell is expected to speak at the ECB Forum. Trending tickers on Yahoo Finance include Tesla (TSLA), Chewy (CHWY), and BYD (BYDDY).
Top guests today include:
9:05 AM: Thomas Simons, Jefferies Senior US Economist
9:20 AM: Michele Schneider, Marketgauge.com Chief Strategist
10:05 AM: David Doyle, Macquarie Head of Economics
10:45 AM: Mark McCormick, TD Bank Global Head of FX and EM Strategy