London CNN Business  — 

2. Brexit deadlock: The United Kingdom continues to march towards Brexit without a viable exit plan.

The central bank just cut interest rates for the first time in more than a decade. But in failing to signal that more rate cuts are coming, Chair Jerome Powell has spooked investors, who had hoped the small cut would be just the start.

Boeing hasn’t announced an order for a commercial jet in more than two months.

CEO Dennis Muilenburg said Sunday that he was disappointed that the company was not more forthcoming about a problem with a safety feature on the 737 Max.

He reiterated that he’s unsure when the Federal Aviation Administration will approve the fix and allow the company to restore service.

Shares of Boeing (BA) are down more than 20% from an all-time high in March.

Airlines in Europe are also under pressure. Lufthansa on Sunday issued a profit warning, citing market overcapacity in Europe and competition from low-cost rivals. Shares fell more than 12% Monday. Air France KLM dropped more than 3%.

3. Bayer damages: A federal jury has awarded $80 million to a California man after determining that the popular Monsanto weedkiller, Roundup, was a substantial factor in causing his cancer.

The US Trade Representative’s office will hold public hearings on the potential tariffs starting Monday. The hearings are scheduled to stretch into next week.

President Donald Trump has threatened further tariffs on Chinese exports as the trade war between Washington and Beijing heats up. The round currently under debate would include toys, clothes, shoes, appliances and televisions.

Last month, the Trump administration increased tariffs to 25% from 10% on $200 billion worth of Chinese goods.

More than 600 companies and industry trade associations — including Walmart (WMT), Costco (COST), Target (TGT), Gap (GPS) and Levi Strauss (LEVI) — wrote to the White House last week urging Trump to end the ongoing trade fight.

“We know firsthand that the additional tariffs will have a significant, negative, and long-term impact on American businesses, farmers, families, and the US economy,” the companies said in the letter.

Chinese companies are suffering as well. Huawei, the Chinese phone and telecoms equipment giant, said Monday that a US export ban will force the company to miss revenue forecasts by about $30 billion over the next couple of years.

5. Global market overview: US stock futures were flat.

US stock futures point higher after scraping out a weekly gain on Friday. The Dow is set to increase roughly 30 points, or 0.1%. The S&P 500 and Nasdaq are tracking 0.2% and 0.3% higher, respectively.

Major stocks in Asia also closed higher, while European markets edged upwards at the open.

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7. Coming this week:
Thursday — US final estimate Q4 GDP
Friday — Huawei earnings; Carmax (KMX) earnings