1. Paris Air Show: All eyes are on Boeing as the Paris Air Show kicks off Monday.
But the big event is Trump’s meeting with Chinese President Xi Jinping on Saturday.
Markets want the conversation to yield a clear truce on trade, with commitments not to escalate tensions further as Washington and Beijing work toward a final deal.
It’s not clear they’ll get that. Trump told journalists Friday that additional tariffs on Chinese goods remain on the table.
The show is typically an opportunity for Boeing (BA) and Airbus (EADSF) to announce orders for hundreds of aircraft. That will be harder this year for the US jetmaker, which has halted deliveries of its 737 Max following two deadly crashes.
2. Tariff hearings begin: Companies and trade groups are about to get their say on the wisdom of US tariffs on an additional $300 billion worth of Chinese exports.
American and Chinese negotiators are set to resume talks on Wednesday ahead of the sit-down.
Ive’s departure marks the end of an era at Apple. He worked with Steve Jobs to design the company’s most iconic products, from candy-colored iMacs to the iPod and the original iPhone.
Apple’s stock dropped 0.9% in premarket trading Friday.
3. Tussauds deal: The Danish family behind Lego has partnered with Blackstone to take Merlin Entertainments private in a deal that values the owner of Madame Tussauds at £4.7 billion ($6 billion).
Merlin Entertainments (MERLY) operates theme parks and other attractions in 25 countries, drawing 67 million visitors a year. It also owns LegoLand and The London Eye.
The company said Friday that it had agreed to be purchased by a consortium made up of Kirkbi, the investment house of Lego’s founding family, US private equity giant Blackstone (BX) and a Canadian pension fund.
The consortium will pay £4.55 ($5.75) per share for Merlin Entertainments, a 14% premium over the stock’s closing price on Thursday.
3. Markets rise: Global stocks are starting off the week on a positive note.
The Dow is poised to rise 90 points, or 0.3%, when markets open. The Nasdaq could climb 0.1% and the S&P 500 could gain 0.3%.
In Asia, Hong Kong’s Hang Seng climbed 0.4% and the Shanghai Composite gained 0.2%. Japan’s Nikkei was flat. In Europe, Britain’s FTSE 100 jumped 0.2% in early trading, while France’s CAC 40 inched up 0.1%.
4. Coming this week:
Monday: Paris Air Show, US Treasury foreign ownership report
Tuesday: Adobe earnings, US housing starts, US Senate hearing on tariffs
Wednesday: Fed decision and press conference, earnings from Oracle (ORCL) and Barnes & Noble (BKS)
Thursday: US leading indicators, Bank of England rate decision, earnings from Kroger (KR) and Red Hat (RHT)
Friday: US existing home sales, Markit flash US manufacturing PMI