London CNN Business  — 

1. Elon Musk vs. the SEC: Tesla CEO Elon Musk is in trouble again because of something he said on Twitter.

The Federal Reserve is widely expected to move to cut interest rates at its meeting on Tuesday and Wednesday. That will provide still more juice for stocks, which continued to hit fresh records last week.

Investors are looking for Powell to deliver a solidly dovish message, following his remarks two weeks ago that the Fed would act as appropriate to sustain the economic expansion in the United States.

Another round of trade talks between the United States and China kicks off Tuesday in Shanghai. It will be the first time that top negotiators meet in person since US President Donald Trump and his Chinese counterpart, Xi Jinping, agreed to a truce at the G20 meeting last month.

There’s also the US jobs report for July, which hits Friday. Investors will scrutinize that data to see if it backs up the Fed’s decision.

3. Brexit moves: Two significant Brexit developments have pushed the pound well above $1.31 to its highest level in a month.

British delivery service Just Eat and Dutch company Takeaway.com have agreed to join forces, the companies said Monday.

The combination will create a massive food delivery service better positioned to compete in a crowded market. Amazon (AMZN) backed UK delivery app Deliveroo earlier this year. Uber Eats has also been ramping up its presence in top markets like London.

Investors in both companies appear to like the deal. Just Eat shares jumped 25% in early trading Monday. Takeaway shares rose 4%.

American and Chinese negotiators are set to resume talks on Wednesday ahead of the sit-down.

And the Wall Street Journal reported Saturday that pharma giants Pfizer (PFE) and Mylan (MYL) are nearing a deal that could create a global powerhouse in the low-price drug market.

3. Stocks in wait: Stocks in Asia rallied on optimism about trade and more easy money. The Hang Seng leaped nearly 2.6%, while the Shanghai Composite rose nearly 1%. The Nikkei increased 1.7%.

US stock futures point to a flat open Monday. European markets opened mostly lower, with Germany’s DAX falling 0.1% and France’s CAC 40 dropping 0.2%.

Stocks in Asia also saw declines. Hong Kong’s Hang Seng fell 1% amid concerns that massive protests could hurt the local economy, while Japan’s Nikkei lost 0.2%.

The exception was Britain’s FTSE 100, which rose 1%, even as the pound hit a new two-year low near $1.23 on fears of a messy Brexit.

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6. Coming this week:
Tuesday — Home Depot (HD), Macy’s (M), Papa John’s (PZZA) and JM Smucker (SJM) earnings, Powell appears before the Senate Banking Committee
Wednesday — Lowe’s (LOW), Best Buy (BBY) and Campbell Soup earnings, Powell appears before House Financial Services Committee
Thursday — GDP report, JCPenney (JCP), PG&E (PCG), Gap (GPS), Nordstrom (JWN) and Anheuser-Busch (BUD) earnings
Friday — Marriott (MAR) earnings