Wall Street kicks off a week full of potential flashpoints with a whisper
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Emmanuel Clase news increases chance for Guardians to trade other star players
The Cleveland Guardians have been in a tough situation after recent news on the betting scandal that highlights star closer Emmanuel Clase's name. Clase joined teammate Luis Ortiz on non-disciplinary leave after both players had been involved in gambling investigations; the earliest Clase and Ortiz can return to action will be Aug. 31. With this being said, the Guardians' biggest trade candidate lost his value for the season. This news has raised the odds for multiple other Cleveland stars to be traded before the MLB trade deadline on Thursday. According to MLB insider Ken Rosenthal, Emmanuel Clase's suspension "ended any chance of the Guardians becoming a buyer, and likely increased the possibility of the team trading right-hander Shane Bieber and perhaps left fielder Steven Kwan." "The Guardians intend to set a high bar for their desired return," Rosenthal mentioned in an article on Monday night. Shane Bieber, 30, is a former Cy Young Award winner and is coming off Tommy John surgery. He's currently playing on a contract that will have him earning $10 million this season and will have a $16 million player option for 2026. Steven Kwan, 27, is earning about $4.2 million this season and and the Guardians have arbitration control of him until after 2027. It's been reported that he's drawn interest from multiple teams, including the Los Angeles Dodgers, Toronto Blue Jays, Philadelphia Phillies, and San Diego Padres. After Emmanuel Clase's suspension, it's looking like the Cleveland Guardians are going to have to change their intentions leading up to the MLB trade deadline. It looks like they will be changing from being a buyer to potentially selling players.
Yahoo
a few seconds ago
- Yahoo
Trump says he is not seeking summit with Xi, but may visit China
(Reuters) -U.S. President Donald Trump said on Tuesday that he was not seeking a summit with Chinese President Xi Jinping, but added that he may visit China at Xi's invitation, which Trump said had been extended. "I may go to China, but it would only be at the invitation of President Xi, which has been extended. Otherwise, no interest!," Trump said on Truth Social. Aides to Trump and Xi have discussed a potential meeting between the leaders during a trip by the U.S. president to Asia later this year, sources previously told Reuters. A trip would be the first face-to-face encounter between the men since Trump's second term in office, at a time when trade and security tensions between the two superpower rivals remain elevated. While plans for a meeting have not been finalized, discussions on both sides of the Pacific have included a possible Trump stopover around the time of the Asia-Pacific Economic Cooperation summit in South Korea or talks on the sidelines of the October 30-November 1 event, the people said. The third round of U.S.-China trade talks taking place in Stockholm this week may lay the groundwork ahead of a leaders' summit in the autumn, analysts say. A new flare-up of tariffs and export controls would likely impact any plans for a meeting with Xi. Solve the daily Crossword
Yahoo
a few seconds ago
- Yahoo
Stock market today: Dow, S&P 500, Nasdaq futures climb ahead of week poised to shake markets
US stock futures made gains as Wall Street prepared for fresh earnings and economic data amid a blockbuster week poised to shake markets. Futures attached to the Dow Jones Industrial Average (YM=F) gained 0.1%. Futures attached to the benchmark S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) ticked up 0.2%. On Monday, the S&P 500 and Nasdaq eked out record highs amid an otherwise subdued trading session as Wall Street digested a new trade deal between the US and EU. Read more: The latest on Trump's tariffs Wall Street heats up Tuesday. Boeing (BA) and Starbucks (SBUX) are set to report earnings with investors eager for signs of turnarounds underway, while Spotify (SPOT) is expected to issue results that feature cautious guidance. Fresh data on job openings from the Labor Department is also set to land, along with a new reading of the Conference Board's consumer-confidence index. Later in the week, investors are bracing for market-moving decisions and results, including the Federal Reserve's next move on interest rates, the July jobs report, and earnings from tech giants Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), and Meta (META). Finally, President Trump's deadline for trading partners to strike deals or else face blanket tariff rates arrives Friday amid a new wave of talks between the US and China. Sign in to access your portfolio
