Retailers including Abercrombie & Fitch ( ANF ) and Dick's Sporting Goods ( DKS ) report earnings from the first three months of the year on Wednesday.
DAB Gap ()  GPS ) and Costco ( COST ) will follow suit and report earnings on Thursday.
Major retailers have developed strategies to blunt the impact of tariffs so far. But you're starting to trade that is affecting business
Walmart ( WMT ) Target ( TGT ) Home Depot ( HD ) Kohl's ( KSS ) and Macy's ( M ) all said that the tariffs have forced them to either alter their financial outlooks, remodel carefully crafted supply chains or consider raising price tags for customers.
2. Market slide: US stock futures were lower on Wednesday after a rough start to the week.
The Dow is set to open down 1
48 points, or 0.6%. The Nasdaq could drop 0.8% and the S&P 500 is poised to fall 0.6%.
That follows a difficult trading session in Asia. Hong Kong's Hang Seng index dropped 0.5% and Japan's Nikkei shed 1.2%. The exception was the Shanghai Composite Index, which gained almost 0.2%.
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European markets are building off those losses in early trading. Britain's FTSE 100 dropped 1.1%, while France's CAC 40 lost 1.6% and Germany's DAX index fell 1.2%.
The Dow lost almost 240 points, or 0.9%, on Tuesday as trade anxiety continued to weigh on stocks. The S&P 500 dipped 0.8%, and the Nasdaq lost 0.4%.
3. Exxon meeting: ExxonMobil is bracing for stiff opposition at Wednesday's annual shareholder meeting from activists and shareholders upset with the oil giant's stance on climate change.
Significant attention will be paid to a shareholder proposal that calls for Exxon to install independent board chairman during its next CEO transition. Exxon opposes the measure, but the structural change has support from key shareholders including the Church of England's endowment fund and the New York state pension fund.
A key source of tension: Exxon's successfully lobbies the SEC to block a separate Resolution they proposed that would have urged the company to adopt and disclose greenhouse gas emission targets.
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4. Coming this week:
Wednesday – Abercrombie & Fitch ( ANF ) and Dick's Sporting Goods ]) earning; ExxonMobil ( XOM ) shareholder meeting
Thursday – Second estimate of US Q1 GDP; Dollar General ( DG ) DSW parent company Designer Brands, Gap and Costco earnings
Friday – UK consumer confidence; US personal spending