3. Big week for Treasurys and economic data
Treasury yields slipped a little early Monday morning as investors are set to parse some key economic data out this week after digesting the strong June jobs report Friday. Inflation is expected to stay hot in the June consumer price index, which hits Wednesday. On Thursday, the producer price index will give investors another snapshot of inflation in the U.S. Then, on Friday, traders will chew over the latest University of Michigan consumer sentiment report for this month and June retail sales.
4. Slowdown for factories in China
Chinese manufacturers are facing a pullback in demand from U.S. and European consumers, who are struggling with historic levels of inflation. While freight costs, which had surged during the pandemic, are coming down a bit, there's still potential for a protracted decline in demand. "I would not call this reduction in demand a recession yet, but things seem to be heading towards troubled waters," Shabsie Levy, founder of digital supply chain platform Shifl, told CNBC.
5. 'Thor' leads big weekend
Disney's "Thor: Love and Thunder" was the king of the weekend, but the numbers show even better news for the movie industry. The latest Marvel Cinematic Universe entry pulled in $143 million domestically, while the overall box office haul for the weekend, including grosses for movies like "Top Gun: Maverick" and "Elvis," will likely end up between $200 million and $250 million. Compare that to a similar pre-pandemic weekend in 2019, when Sony and Marvel's "Spider-Man: Far From Home," and Disney's "Toy Story 4″ and "Aladdin" helped pull in $185 million at the box office.
– CNBC's Tanaya Macheel, Ryan Browne, Matt Clinch, Su-Lin Tang, Evelyn Cheng and Sara Whitten contributed to this report.
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