mfb 07152019-1_00013929.jpg
PHOTO: Getty Images
mfb 07152019-1_00013929.jpg
Now playing
02:03
CNN Business Before the Bell
In this Dec. 1, 2020 file photo, Chairman of the Federal Reserve Jerome Powell appears before the Senate Banking Committee on Capitol Hill in Washington.  Powell told Congress on Wednesday, Feb. 24, 2021,  that the central bank will not begin raising interest rates until the Fed believes it has reached its goals on maximum employment  and warned that many people in the hardest hit industries will likely need to find different jobs.  (AP Photo/Susan Walsh, Pool, File)
PHOTO: Susan Walsh/AP
In this Dec. 1, 2020 file photo, Chairman of the Federal Reserve Jerome Powell appears before the Senate Banking Committee on Capitol Hill in Washington. Powell told Congress on Wednesday, Feb. 24, 2021, that the central bank will not begin raising interest rates until the Fed believes it has reached its goals on maximum employment and warned that many people in the hardest hit industries will likely need to find different jobs. (AP Photo/Susan Walsh, Pool, File)
Now playing
02:18
Jerome Powell: US economy 'some time' away from full recovery
Now playing
01:42
Cantor Fitzgerald CEO: SPACs are private equity for the public market
This photograph taken on September 24, 2020 shows a physical imitation of a Bitcoin at a crypto currency "Bitcoin Change" shop, near Grand Bazaar, in Istanbul. (Photo by Ozan Kose/AFP/Getty Images)
PHOTO: Ozan Kose/AFP/Getty Images
This photograph taken on September 24, 2020 shows a physical imitation of a Bitcoin at a crypto currency "Bitcoin Change" shop, near Grand Bazaar, in Istanbul. (Photo by Ozan Kose/AFP/Getty Images)
Now playing
02:10
Why bitcoin could triple over next year
President of the Federal Reserve Bank of New York, Bill Dudley speaks during the Bank of England Markets Forum 2018 event at Bloomberg in central London on May 24, 2018. (Photo by Victoria Jones / POOL / AFP)        (Photo credit should read VICTORIA JONES/AFP/Getty Images)
PHOTO: Victoria Jones/AFP/Getty Images
President of the Federal Reserve Bank of New York, Bill Dudley speaks during the Bank of England Markets Forum 2018 event at Bloomberg in central London on May 24, 2018. (Photo by Victoria Jones / POOL / AFP) (Photo credit should read VICTORIA JONES/AFP/Getty Images)
Now playing
01:50
Former NY Fed president: Rock-bottom bond rates are not sustainable
American flags hang oustside of the New York Stock Exchange Tuesday, Feb. 16, 2021, in New York. (AP Photo/Frank Franklin II)
PHOTO: Frank Franklin II/AP
American flags hang oustside of the New York Stock Exchange Tuesday, Feb. 16, 2021, in New York. (AP Photo/Frank Franklin II)
Now playing
01:31
Rising bond yields trigger Wall Street sell-off
WASHINGTON, DC - FEBRUARY 01: U.S. President Joe Biden (Center R) and Vice President Kamala Harris (Center L) meet with 10 Republican senators, including Mitt Romney (R-UT), Bill Cassidy (R-LA) and Susan Collins (R-ME), in the Oval Office at the White House February 01, 2021 in Washington, DC. The senators requested a meeting with Biden to propose a scaled-back $618 billion stimulus plan in response to the $1.9 trillion coronavirus relief package Biden is currently pushing in Congress. (Photo by Doug Mills-Pool/Getty Images)
PHOTO: Pool/Getty Images North America/Getty Images
WASHINGTON, DC - FEBRUARY 01: U.S. President Joe Biden (Center R) and Vice President Kamala Harris (Center L) meet with 10 Republican senators, including Mitt Romney (R-UT), Bill Cassidy (R-LA) and Susan Collins (R-ME), in the Oval Office at the White House February 01, 2021 in Washington, DC. The senators requested a meeting with Biden to propose a scaled-back $618 billion stimulus plan in response to the $1.9 trillion coronavirus relief package Biden is currently pushing in Congress. (Photo by Doug Mills-Pool/Getty Images)
Now playing
02:08
Zandi: Stimulus plan doesn't do enough for the most in need
Now playing
01:36
Michael Bolton wants you to break up with Robinhood
Now playing
03:02
Congressman: The stock market needs to protect retail investors
Now playing
03:51
GameStop investor on why he's still holding on
why it's better to invest cash than save it kristen bitterly orig_00012028.png
why it's better to invest cash than save it kristen bitterly orig_00012028.png
Now playing
01:59
Holding onto your cash? History shows it's better to invest it
In this photo provided by the New York Stock Exchange, Michael Urkonis, center, works with fellow traders on the floor during the Signify Health IPO, Thursday, Feb. 11, 2021. Stocks edged higher on Wall Street in early trading Thursday as investors continued digesting solid corporate earnings reports and maintained confidence that a new round of government aid is on the horizon. (Courtney Crow/New York Stock Exchange via AP)
PHOTO: Courtney Crow/AP
In this photo provided by the New York Stock Exchange, Michael Urkonis, center, works with fellow traders on the floor during the Signify Health IPO, Thursday, Feb. 11, 2021. Stocks edged higher on Wall Street in early trading Thursday as investors continued digesting solid corporate earnings reports and maintained confidence that a new round of government aid is on the horizon. (Courtney Crow/New York Stock Exchange via AP)
Now playing
03:08
El-Erian on risks to the market rally
PHOTO: Courtesy Kearns family
Now playing
02:56
Parents of young trader who died by suicide: Robinhood is to blame
kenny polcari market overvalued and stretched orig_00013830.png
kenny polcari market overvalued and stretched orig_00013830.png
Now playing
02:32
Polcari: A healthy market pullback of 5-7% should happen
Bitcoin
PHOTO: CNN
Bitcoin
Now playing
03:17
Tesla invests $1.5 billion in bitcoin
Now playing
02:20
El-Erian: Robinhood is a reminder that 'you have no friends on Wall Street'
(CNN Business) —  

1. Paris Air Show: All eyes are on Boeing as the Paris Air Show kicks off Monday.

The country’s GDP grew at 6.2% in the quarter that ended in June, the slowest quarterly growth rate since 1992 and down from 6.4% in the previous quarter, according to government figures released Monday.

Monthly data for June was better than expected but likely doesn’t mark the beginning of a turnaround, according to Capital Economics.

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.

2. Oil plunges: US oil futures plunged to a new 15-month low on Tuesday, dropping 3.5% to below $49 per barrel.

Stocks have broadly rallied on the expectation that the Federal Reserve will soon begin cutting rates, making it cheaper for companies to borrow money. Analysts warn that bank stocks could be the exception.

“It is hard to find meaningful positive offsets in an environment of declining rates and muted economic activity,” analysts at Keefe, Bruyette & Woods said in a recent note.

Also on the radar is what executives have to say about credit quality, and their outlook on the health of the economy.

3. Prime Day: Amazon (AMZN) Prime Day is here.

This year, the global discount event will run for two days. Prime Day will feature more than 1 million deals, including what Amazon boasts will be the “the biggest deals ever” on Amazon Music, Prime Video and Alexa-enabled devices.

Amazon, which raked in $232 billion in sales last year, does not break out revenue on Prime Day. But global sales this year are expected to hit $5.8 billion, according to Coresight Research. Last year, Amazon generated $3.9 billion, according to the research firm.

3. Markets rise: Global stocks are starting off the week on a positive note.

The Dow is set to rise 15 points Monday, or almost 0.1%. The Nasdaq and S&P 500 are tracking similar increases.

European markets opened lower, following a day of negative trading in Asia.

Shares of Anheuser Busch InBev fell nearly 2% in Belgium after the company shelved plans for an IPO of its Asia business, canceling what would have been the biggest public offering of the year.

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%.

The Dow and the S&P 500 both closed down 2.1% on Monday. The Nasdaq dropped 2.3%. The small-cap Russell 2000 tumbled into a bear market.

Before the Bell newsletter: Key market news. In your inbox. Subscribe now!

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