The “reciprocal” tariffs deadline, Federal Reserve meeting minutes, and Amazon Prime Day highlight this week’s economic and business calendar.

Investors will also be watching for data on consumer credit levels and jobless claims. Delta Air Lines and Conagra Brands lead this week’s corporate earnings.

Markets were at highs at the end of last week’s trading, which was shortened by the Independence Day holiday. The S&P 500 and Nasdaq finished Thursday at record highs, while the Dow wasn’t far off its own high-water mark. President Donald Trump on Friday signed a big taxation-and-spending bill into law.

Read to the bottom for our calendar of key events—and one more thing.  

Tariff Deadline, Prime Day, FOMC Meeting Minutes in Spotlight

After a 90-day pause on the elevated “Liberation Day” tariffs, the deadline for the U.S. to negotiate new deals with a host of trading partners comes Wednesday. Tariffs could go back to the levels announced in April for countries that haven’t yet negotiated a deal. President Trump has announced trade deals, including agreements with the U.K. and Vietnam, but several other countries have yet to reach agreements on the import taxes. Trump said he has ended negotiations with Canada. It’s unclear if Trump will reimpose the tariffs or extend the deadline again for countries that haven’t reached a deal. 

Wednesday’s release of the minutes from the June Federal Reserve meeting will give investors insight into how Fed officials are viewing the economy, as central bankers watch economic data as they decide how to set interest-rate policy. Reports on consumer credit levels and jobless claims also will be released this week.

Investors will be watching Amazon (AMZN) as it begins its annual “Prime Day” sale on Tuesday. After sales hit an all-time high at last year’s event, Amazon has extended this year’s sale to four days from two. 

Corporate earnings reports will trickle in this week, preceding the full start of earnings season the following week. Delta Air Lines (DAL) earnings are scheduled for Thursday, following a quarterly sales increase with higher passenger revenue. Slim Jim parent Conagra Brands (CAG) reports on the same day, coming after an underwhelming previous-quarter earnings report that showed sales and profit declined due to supply constraints.  Levi Strauss (LEVI) also will deliver its quarterly earnings update the same day, as the company grapples with how to handle tariffs. 

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This Week’s Calendar

Monday, July 7

• Nothing scheduled

Tuesday, July 8

• Amazon Prime Day begins
• Consumer credit (May)
• More Data to Watch: NFIB small business optimism index (June)
• Key Earnings: Aehr Test Systems (AEHR)

Wednesday, July 9

• U.S. “reciprocal” tariffs deadline
• Wholesale inventories (May)
• Minutes for June FOMC meeting
• Key Earnings: AZZ (AZZ) and Bassett Furniture (BSET)

Thursday, July 10

• Initial jobless claims (Week ending July 5)
• Key Earnings: Delta Air Lines, Conagra Brands, Levi Strauss

Friday, July 11

• Monthly U.S. federal budget (June)
• Amazon Prime Day ends

One More Thing

College is a big step for students, but only about one in five of their parents believes they can handle the bills for tuition and other costs. Investopedia’s Elizabeth Guevara takes a closer look at how parents are handling the cost of college.