00:00 Julie Hyman
Welcome to Yahoo! Finance’s flagship show, The Morning Brief. I’m Julie Hyman. Let’s get you to the three things you need to know today. First up, U.S. stock futures higher ahead of key inflation data out this week. Estimates showing core CPI rose 3% year over year in July. Stocks are hovering, meantime, around all-time highs after last week’s gains, with the Nasdaq closing at a fresh record on Friday. Plus, the trade truce deadline with China is looming. The U.S. and China still working to negotiate a deal before Tuesday, after putting tariffs on pause for 90 days back in May. And this comes as Nvidia and AMD have reportedly agreed to give the U.S. government 15% of their revenue from chip sales in China in exchange for export licenses. And Intel CEO Lip-Lip-Bu Tan is reportedly set to meet with President Trump at the White House today. This comes after the president called for his removal due to ties with Chinese businesses. According to The Wall Street Journal, Tan’s expected to have a wide-ranging conversation with Trump with the intent of explaining his personal and professional background.