Reuters/Wolfgang Rattay
Mercedes' Lewis Hamilton celebrates on the podium with Head of Mercedes-Benz Dieter Zetsche after winning the race.
US-Iran tensions are heating up. "To Iranian President Rouhani: NEVER, EVER THREATEN THE UNITED STATES AGAIN OR YOU WILL SUFFER CONSEQUENCES THE LIKES OF WHICH FEW THROUGHOUT HISTORY HAVE EVER SUFFERED BEFORE," President Donald Trump tweeted at Iranian President Hassan Rouhani after he issued a warning to Trump earlier in the day.
The G20 calls for greater dialogue on trade tensions. "We...recognize the need to step up dialogue and actions to mitigate risks and enhance confidence," the final communique at the G20 summit in Buenos Aires, Argentina, said, according to Reuters. "We are working to strengthen the contribution of trade to our economies."
The eyes of the financial world are suddenly back on Japan. Japanese government bond yields spiked to their highest level in six months on Monday following a Reuters report suggesting the Bank of Japan could alter its bond-buying program at its July 31 meeting.
There are already a bunch of 'canaries in the coal mine' that could send shockwaves through markets. Rick Rieder, BlackRock's chief investment officer of global fixed income, says emerging-market assets are already showing signs of stress and there may be more volatility ahead.
Tesla asks suppliers for a refund. In a bid to become profitable, the electric-car maker sent a memo to suppliers asking for a refund on a portion of the money it has spent since 2016, the Wall Street Journal reports.
Fiat Chrysler and Ferrari's CEO is stepping down. Sergio Marchionne is stepping down as Fiat Chrysler and Ferrari CEO following serious complications from shoulder surgery.
Microsoft hits an all-time high. Shares touched a record high of $108.20 apiece after software giant beat on both the top and bottom lines amid an 89% surge in its Azure cloud revenue.
Stock markets around the world are mostly lower. Japan's Nikkei (-1.33%) trailed in Asia and France's CAC (-0.46%) lags in Europe. The S&P 500 is set to open little changed near 2,799.
Earnings reports keep coming. Halliburton reports ahead of the opening bell while Alphabet releases its quarterly results after markets close.
US economic trickles out. Existing home sales will cross the wires at 10 a.m. ET. The US 10-year yield is down 1 basis point at 2.88%.