- Reuters/Satish Kumar
Here is what you need to know.
The Republican healthcare bill would leave ‘millions’ more without coverage. The Congressional Budget Office declined to give a specific number of Americans who would be left without coverage if the latest Republican healthcare bill were to pass, saying it needs more time.
Japan wants to launch its own digital currency. Multiple Japanese banks, led by Mizuho Financial Group, are teaming up to launch J-Coin, a digital currency that will have a 1-to-1 exchange rate with the Japanese yen, in time for the Tokyo 2020 Olympics, the Financial Times says.
Brent crude oil hits a 27-month high. Brent crude oil, the international benchmark, touched a 27-month high of $59.49 a barrel on Tuesday after Turkey threatened to cut off Iraq’s exports.
A mystery trader keeps betting the stock market will go crazy. The trader has lost about $9 million over the past two months betting on a spike in volatility and has rolled that trade over in hopes of a $263 million payout.
iQiyi is eyeing a potential 2018 US IPO. Baidu’s video streaming service is considering a US initial public offering in 2018 that could value the company at $8 billion to $10 billion, Bloomberg reports, citing two people familiar with the matter.
Mark Zuckerberg is getting slammed after picking a side in the Philly-cheesesteak battle. On a trip to Philadelphia, Zuckerberg visited Pat’s King of Steaks.
Janet Yellen speaks. Yellen takes the mic Tuesday at 12:45 p.m. ET to discuss inflation, uncertainty, and monetary policy.
Stock markets around the world are mostly lower. China’s Shanghai Composite (-0.33%) slid in Asia, and France’s CAC (-0.22%) lags in Europe. The S&P 500 is set to open little changed near 2,500.
Earnings reports trickle out. Darden Restaurants reports ahead of the opening bell while Micron Technology and Nike release their quarterly results after markets close.
US economic data flows. S&P Case-Shiller home prices will released at 9 a.m. ET before new-home sales and consumer confidence are reported at 10 a.m. ET. The US 10-year yield is unchanged at 2.22%.