10 things you need to know before the opening bell
Turkey's central bank promises 'all necessary measures' to save its financial system. "The Central Bank will closely monitor the market depth and price formations, and take all necessary measures to maintain financial stability, if deemed necessary," the Central Bank of the Republic of Turkey said Monday. The Turkish lira is down 7% versus the dollar on Monday and has lost 40% of its value in August.
North and South Korea are getting together for another summit. The two Koreas have agreed to meet in the truce village of Panmunjom, in the demilitarized zone, in September to hold more talks about ending North Korea's nuclear weapons program, Reuters reports.
The cargo ship that's been drifiting off the coast of China with $20 million of soybeans has finally docked. Peak Pegasus docked in Dalian, China on Sunday with 70,000 tonnes of US soybeans on board, making its cargo one of the first shipments to incur the new tariffs, Reuters says.
Russia says it will continue to trim its holding of US securities. Russian Finance Minister Anton Siluanov said his country will rely more on other currencies, including the euro, in response to new sanctions on Moscow, RIA state news agency reports.
There's a $1 trillion question hanging over stocks right now. There have been $1 trillion in stock buybacks authorized this year, and they could ultimately determine the fate of the bull market, according to Goldman Sachs strategist David Kostin.
Saudi Arabia is reportedly looking to invest big in Tesla. Saudi Arabia's sovereign wealth fund, Public Investment Fund, has built a 5% stake in the electric-car maker and is looking to become a significant investor, Bloomberg says.
Trump backs a boycott of Harley-Davidson if it moves production overseas. "Many @harleydavidson owners plan to boycott the company if manufacturing moves overseas," President Donald Trump tweeted on Sunday. "Great! Most other companies are coming in our direction, including Harley competitors. A really bad move! U.S. will soon have a level playing field, or better"
Bayer is getting whacked after the Monsanto ruling. Shares of Bayer were down more than 12% in Germany following a California jury verdict on Friday that ordered its Monsanto subsidiary to pay $289 million in damages after a lawsuit alleged its Roundup weedkiller caused cancer.
Markets are under pressure as Turkey's lira crisis spreads. Japan's Nikkei (-1.98%) was hit hard in Asia and Germany's DAX (-0.69%) trails in Europe. The S&P 500 is set to open down 0.19% near 2,829.
Earnings reports trickle out. Sysco reports ahead of the opening bell.