Despite President Trump's assertion this week that the European Union is "going to start, almost immediately, to buy a lot of soybeans," questions remain about exactly how much soy Europe will be purchasing, Reuters reports.
Why it matters: Soybeans have been a primary area of concern over Trump's escalating trade war, which seemed to calm this week when he struck a deal with European Commission president Jean-Claude Juncker to continue negotiations. German Agriculture Minister Julia Kloeckner said, per Reuters, that the quantity of soy imports to Europe hasn't yet been decided.
Market analysts are still skeptical about Under Armour's growth despite it exceeding revenue expectations for the quarter, and shares being up on the year by 40%, reports Market Watch.
The state of play: Despite its revenue success, the sports apparel company is still in the woods with operating costs after it took a hit in its investments from direct-to consumer costs and expansion outside of North America in the company's plan to restructure. The company's net losses reached 21 cents per share and they are expected to incur more costs in moving excess inventory.
Longtime CBS chief executive and current Chairman Les Moonves admitted to unwanted advances towards women between the 1980's and late 2000's in a statement to The New Yorker, which appeared in an investigative piece authored by Ronan Farrow detailing allegations of sexual misconduct.
Why it matters: The saga could compromise his leadership position within the company and could complicate CBS's messy fight for independence with its parent company, that's being led by Moonves.