Tesla, Nestle, Dell and LeBron James – 5 Things You Need to Know

Here are five things you need to know for Monday, July 2nd:

1. The US stock market fell on Monday (July 2nd) and global equities fell as trade tensions between Washington and its major economic partners continued to weigh on investor sentiment.

Dow Jones Industrial Average contracts fell 77 points, S & P 500 futures lost 12.60 points and the Nasdaq lost 44.25 points.

Trump's decision to impose new tariffs on $ 34 billion of goods manufactured in China and investors in the region fearing a protracted trade war that could undermine the growth prospects of the world's second-largest economy. 39, Shanghai Composite Chinese benchmark fell 2.52% The US economic calendar includes Monday's manufacturing managers purchasing index for June at 9:45 ET and construction spending for May at 10:00

The profits are expected Monday at Herman Miller Inc. (MLHR).

2. – Tesla Responds to the Purpose of Model 3

Tesla Inc. (TSLA) reached its goal of producing 5,000 Model 3s during the last week of the second quarter, according to an email from CEO Elon Musk to TheStreet employees. "We did it!" Musk is exclaimed in the letter. A spokesman for Tesla confirmed the authenticity of the letter. Electrek first reported the news.

An Instagram post from Tesla employees celebrating the milestone was going around. Actual numbers should be published by Wednesday, July 4th.

Tesla's shares will be at the center of discussions on Monday, which could trigger a debate on whether Tesla will still have to raise funds this year, which will not be the case. . For this to not happen, Musk will likely have to support the recent production surge of Model 3 and accelerate production in the coming weeks.

"Reaching this milestone is a victory for Tesla, but the real achievement will be if the company can maintain that pace," said Jeremy Acevedo, director of industry analysis at Edmunds .

3. – Activist calls for urgent changes at Nestle

Nestlé SA shares (NSRGY) fell in Zurich on Monday as investors scanned a letter from activist Dan Loeb calling for a faster sale of the giant's assets Third Point LLC, the Hedge Fun activist run by Loeb who unveiled a $ 3 billion stake in Nestle last year, issued a letter to investors on Sunday, July 1st, which called for "urgency – rather than incrementalism" in The changes made to the broader strategy of the company, which, according to Loeb, should focus on three main business areas – beverages , nutrition and grocery – and the sale of divisions such as frozen foods and confectionery.

"Nestlé has been too slow to respond to significant changes in the consumer products industry given the structural problems related to strategy, portfolio and organization, and therefore to function well. below its potential, "said Third Point in a statement. published on its website "NestléNow". "Mark Schneider has recognized the need for improvement, but the pace and magnitude of change seems insufficient and reflects Nestlé's culture, sometimes ossified, and its trend of incremental improvements."

4. – Dells is getting closer to an agreement that would make it a public corporation – Report

Dell Inc. was approaching an agreement that would once again make the PC and the data storage giant a public company, reports the Wall Street Journal, citing

Dell plans to announce as early as Monday its intention to acquire via an exchange of shares the DVMT tracking stock, which tracks its virtualization unit VMware Inc. (VMW), people said. The terms of the agreement could not be learned. But Dell plans to acquire DVMT shares at a higher price and DVMT shareholders are also expected to receive several billion dollars in cash under the deal, according to the Journal.

Dell Technologies Inc. (DVMT), the official name of the tracking security, has a market capitalization of nearly $ 17 billion. VMware's market capitalization is close to $ 60 billion.