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July 10, 2019, 8:55 a.m. EDT

Weak U.S. data could trigger 10% stock plunge, says strategist

Critical information for the U.S. trading day

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By Barbara Kollmeyer, MarketWatch

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The chart

The mere idea of a U.S. recession is enough to stress out investors these days. Our chart of the day from @HayekAndKeynes, aka The Long View (blog can be found here ) shows that since 1950, economic expansions have steadily left downturns in the dust. So relax, already.

The buzz

Shares of retailer Levi Strauss /zigman2/quotes/204763189/composite LEVI +1.47%  are down after results showed costs climbing from an April IPO.

Read: Endeavor IPO offers a company with huge debt, volatile earnings, warns Bernstein

Boeing /zigman2/quotes/208579720/composite BA -2.36%  shares are down after deliveries dropped 37% in the wake of two fatal crashes involving one of its key planes. European rival Airbus /zigman2/quotes/208224336/delayed FR:AIR -1.19%  saw its deliveries jump.

Tesla /zigman2/quotes/203558040/composite TSLA -0.58%   is up after reports the electric-car maker plans to boost production.

China says Vice Premier Liu He had a phone chat with U.S. Trade Rep. Robert Lighthizer and Treasury Secretary Steven Mnuchin. A CEO of a Chinese supply chain manager says it’s U.S. clients are anxious over that trade fallout.

Read: Banks should shine among S&P 500 stocks this earnings season

The quote

“We’re talking marketing dollars and branding, investment in the youth, investment in the players, investment in the coaching staff…I don’t think that that’s ever been there.” — Megan Rapinoe of the World Cup winning U.S. soccer team, on the fight for sports equality as New York gets ready to celebrate that victory.

Random reads

Millennial Kansas couple can’t make it on $500,000 a year

Police in Chicago closing in on 4.5-foot alligator

U.S. customs seize JPMorgan-owned ship, busted weeks ago for a massive cocaine haul

U.K. ambassador to the U.S. Kim Darroch is out

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$ 19.98
+0.29 +1.47%
Volume: 1.20M
Jan. 17, 2020 6:30p
P/E Ratio
Dividend Yield
Market Cap
$7.85 billion
Rev. per Employee
$ 324.15
-7.85 -2.36%
Volume: 11.06M
Jan. 17, 2020 6:30p
P/E Ratio
Dividend Yield
Market Cap
$182.43 billion
Rev. per Employee
FR : France: Euronext Paris
-1.64 -1.19%
Volume: 71,803
Jan. 21, 2020 9:22a
P/E Ratio
Dividend Yield
Market Cap
€107.92 billion
Rev. per Employee
US : U.S.: Nasdaq
$ 510.50
-2.99 -0.58%
Volume: 13.63M
Jan. 17, 2020 4:00p
P/E Ratio
Dividend Yield
Market Cap
$92.02 billion
Rev. per Employee

Barbara Kollmeyer is an editor for MarketWatch in Madrid. Follow her on Twitter @bkollmeyer.

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