President Trump announced a new trade deal with the European Union that places a 15% tariff on most exports to the U.S. Bloomberg's Lionel Laurent explains why the EU backed down from a looming trade war.

Although the aerospace company lost money in the second quarter, it built and sold more planes as it recovered from quality crises and a workers strike.

ARLINGTON, Va. (AP) — ARLINGTON, Va. (AP) — Boeing Co. (BA) on Tuesday reported a loss of $611 million in its second quarter. On a per-share basis, the Arlington, Virginia-based company said it had a loss of 92 cents. Losses, adjusted for non-recurring gains, were $1.24 per share. The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of $1.54 per share. The airplane builder posted revenue of $22.75 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $21.86 billion. Boeing shares have risen 34% since the beginning of the year, while the S&P's 500 index has risen roughly 9%. The stock has risen 26% in the last 12 months. Temperatures are going to remain high for a few months, so why not beat the heat with this powerful window air conditioner from Hisense, now 20% off at Amazon for a limited time. Right now, you can score some serious savings on AllTrails hiking gear. The collabs with brands like Rumpl, Solo Stove, and others will be gone soon.  Timex delivers classic styles with modern features. Right now you can score a Timex watch with leather strap for $45 off during the Nordstrom Anniversary sale. Score a deal on Apple’s latest 13.6-inch MacBook Air featuring the blazing-fast M4 chip — now just $799. Save $200 today.