ECONOMIC WEEK AHEAD: July 7-11

There's not much on this week's economic calendar. The only big event was supposed to occur on Wednesday, July 9. That would have been 90 days after President Donald Trump postponed his April 2 reciprocal tariffs on America's trading partners on April 9 for 90 days. Today, that deadline was postponed again, to August 1.

This morning, Treasury Secretary Scott Bessent said in an interview on CNN's "State of the Union" that a country’s tariffs will go back to April 2 levels on August 1 if there is no progress on signing a deal with the US. Bessent also said, "I would expect to see several big announcements over the next couple of days."