Tesla’s Second Quarter Vehicle Deliveries Plunged
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The EV maker has struggled to reverse months of declining sales, which analysts have attributed to a backlash against its CEO Elon Musk's role in cutting government spending. Tesla executives have played down Wall Street's concerns, pointing to its investments in autonomous driving software. The company's shares traded up around 5% mid-morning.

American employers cut jobs for the first time since March 2023. A report by ADP out today saw U.S. firms shed 33,000 jobs. The data undershot economists' expectations who are forecasting a growth in jobs. Tomorrow, the Labor Department will publish its monthly non-farm payrolls report, which is expected to show that the economy added a solid-looking 110,000 jobs in June.

President Trump says the U.S. and Vietnam have struck an agreement. The tariff deal will see that American goods enter the country duty-free. In return, the U.S. will charge 20 percent tariffs on Vietnamese goods.

Iran says it's suspending its cooperation with the United Nations Atomic Agency, denying international inspectors the chance to assess the damage done by U.S. and Israeli airstrikes on its main nuclear sites. And Sean Diddy Combs was found not guilty of racketeering and sex trafficking, but was convicted of less serious offenses. It's a setback for federal prosecutors who had targeted the music mogul in a sprawling case that alleged he ran a criminal enterprise for over two decades.

We'll have more coverage of the day's news on WSJ's What's News podcast. You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.