Mexico & EU tariffs, bitcoin's new high, bank earnings: 3 Things

Let's get to the three things you need to know today. First up, US stock futures falling this morning as traders digest the latest updates in President Trump's trade war. Over the weekend, Trump threatened to impose 30% tariffs on the EU and on Mexico. Meanwhile, new reports say the European Union is preparing to step up its engagement with other countries hit by tariffs that includes Canada and Japan and could include the potential for coordination against the US. Plus another record for Bitcoin, the digital token climbing as high as $123,000 as investors pile into the cryptocurrency. The rally coming as the US House of Representatives prepares to consider key industry legislation during its so-called crypto week kicking off today. And a busy week for earnings and economic data as well. Investors are preparing for the latest CPI report, which will show the impacts of President Trump's trade war and will offer more clues on whether the Fed will cut rates anytime soon. Meanwhile, big bank earnings this week will offer the latest read into the health of corporate America and how the US economy is faring amid the trade war.