Axios

Low-income and fixed-income Americans may bear the brunt of President Trump's newly announced tariffs on Mexican goods, AP reports.

The big picture: Trump announced last week that he plans to levy a 5% tax on Mexican imports, increasing that number up to 25% in the ensuing months if Mexico does not address the flow of immigrants at the southern border. As the cost of everyday goods rises, low- and fixed-income households are expected to take the biggest hit. Meanwhile, more well-off households may be unaffected by the incremental increase in costs.

2020 candidate Sen. Elizabeth Warren released her "Green Manufacturing Plan" Tuesday, a $2 trillion proposal to develop the technology needed to power the Green New Deal over the next decade.

Why it matters: Warren is seeking to strike a progressive tone that focuses less on regulations and explicit goals and more on manufacturing and jobs than some other Democratic candidates as divisions emerge between the party and labor unions over the Green New Deal.

China's Ministry of Culture and Tourism issued a travel advisory, warning citizens against traveling to the U.S., effective until Dec. 31, the state-run Xinhua News Agency reported Tuesday.

What they're saying: "Noting the frequent occurrence of shootings, robberies and theft in the United States recently, the ministry warned Chinese tourists to fully assess the risks of traveling there," the news agency said.

Market researchers are hooking up test subjects to scientific-grade brain scans, searching for triggers that spark emotional connections and affect behavior.

What's happening: Deploying tools from neuroscience, firms have been plumbing people's minds in hopes of exerting a stronger influence over their decisions.

A few weeks ago, at the San Francisco office of Nielsen, a prominent market-research firm, I sat on a stool as a neurophysiologist squirted goo into holes in a swim cap she'd fitted on my head.

What happened: The goofy setup, seen above, prepared me for an EEG test — the kind subjects regularly undergo at the research firm's 16 neuroscience labs around the world.

The tech-focused Nasdaq Composite closed 1.6% lower on Monday — now 10% from the index's record high — as reports about heightened antitrust scrutiny for Apple, Facebook, Amazon and Alphabet hit those companies' share prices.

Growth investors have been winning the battle over value investors for some time, but a new report from Bank of America-Merrill Lynch shows that evaluating a company's price-earnings ratio may be losing its value altogether.

The big picture: "Low P/E remains the most popular factor for the 14th year running despite its weak performance for most of this bull market (the factor lagged by 46ppt since 2010)," Bank of America Merrill Lynch's equity and quantitative strategist Savita Subramanian said in a note to clients.

Leveraged buyout experts Apollo Global Management made the latest move into the red-hot global watch market, taking its Watches of Switzerland brand — an official Rolex retailer that also sells luxury imprints Patek Philippe, Cartier and Longines — public.

Why it matters: Watches of Switzerland's successful IPO shows the skyrocketing popularity of luxury watches is not lost on financial markets. The stock debuted Thursday on the London Stock Exchange at an IPO price of 270 pence (about $3.41) and rose as much as 17%.

The evening news broadcasts for both ABC and NBC will take their broadcasts to Normandy this week as David Muir and Lester Holt anchor special editions for the 75th anniversary of D-Day.

Details: Muir will also head "Return to Normandy," a weeklong series airing on both "World News Tonight" and "Nightline," as he accompanies "a half dozen World War II veterans from all over the country" who are heading back to France to mark the occasion.

President Trump said that if Americans stopped "using or subscribing" to AT&T that "big changes" might occur at CNN, which is owned by the telecommunications giant, in a Monday tweet.

The big picture: The AT&T-Time Warner merger — approved earlier this year after a Justice Department attempt to block it — spurred a great deal of antitrust rhetoric from both the Trump administration and the president himself. Trump's tweet came as he complained that he was forced to watch CNN as "the primary source of news available from the U.S." while in London for a state visit.

Democratic presidential candidate Rep. Tim Ryan (D-Ohio) told a CNN town hall Sunday "our farmers are getting hammered" because of President Trump's tariffs on China.

"Trump does not have a big strategy. He has a tactic that gets him on TV because he sends a tweet out — tariffs are on, tariffs are off — and the media runs with it all the time and it changes the subject and he can look tough. We're getting our clock cleaned."