Tariff latest, bitcoin's new record, Delta earnings: 3 Things

Let's get to the three things you need to know today. First up, President Trump threaten Brazil now with a 50% tariff over its domestic political affairs, sending the country's currency plunging as the US sharply escalates a dispute with Latin America's largest nation and its leftist leader Lula da Silva. The president also confirming a 50% tariff on copper that will start August 1st, in a move that could hurt American producers of everything from automobiles to appliances. Meanwhile, investors largely shrugging off trade risk in the market, while US stock futures are marginally lower, equities are trading within points of their record highs. The exuberance is also playing out across asset classes with Bitcoin reaching a new record high of $112,000 per token, it's since backed off that level a bit. And on the earnings front, Delta is soaring today, shares jumping after the company reinstated its full year guidance. CEO Ed Bastion said corporate travel is strengthening and consumers have become quote, "a little numb" to the ongoing trade disputes. Delta was the first major US airline to pull its outlook, remember, in April. That was after President Trump launched his campaign to reset global trading rules.