Today’s top business headlines with @ChristineRomans before the opening bell ...

29 min ago Your inflation forecast, brought to you by President Trump

From CNN Business' Anneken Tappe

It's inflation week on the US economic calendar, with the producer price index due at 8:30 am ET today and the consumer price index following suit at the same time tomorrow.

President Donald Trump's forecast is in:

Notwithstanding the PPI consensus forecast of 2% year-over-year, and the CPI expectation of 1.9% year-over-year, President Trump called US inflation "very low".

Trump has been calling on the Federal Reserve to cut interest rates to boost economic growth. The inflation rate is an important factor in the central bank's decision making process.

The https://twitter.com/realDonaldTrump/status/1138417723858456576, "The Fed interest rate way too high, added to ridiculous quantitative tightening! They don't have a a clue!"

Trump went on to say that the strength of the US dollar was leaving the United States at a "big disadvantage" and that rival currencies like the euro had been devalued against the greenback.

Currencies trade in tandem with each other, for example, when the dollar strengthens, the euro weakens. This wasn't the first time that Trump called the European Union a currency manipulator, although it has never officially been named that.

48 min ago Christine Romans: The new trade way is now with China

From CNN Business' Christine Romans

President Donald Trump ended one tariff threat with Mexico and renewed another with China.

The president is threatening China that if President Xi Jinping does not meet with him at the G20 coming up in Osaka, Japan, he will slap tariffs on the rest of the Chinese goods American importers bring in.

His commerce secretary appeared on CNBC moments ago and predicted the US and China would reach a trade deal, but don’t expect a definitive China deal during the G20.

And he praised the president’s trade/immigration gambit with Mexico and advised investors to ignore “the soundbites” and instead wait for the results.

Meantime, a stock market winning streak continues.

38 min ago Beyond Meat is rallying — until now

From CNN Business' Jordan Valinsky and Jill Disis

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Shares of Beyond Meat (BYND) have rallied 69% since Thursday's close. The company reported strong earnings on Thursday.

What's more, Monday's closing price — $168.10 per share — was nearly seven times higher than the stock's IPO price of $25. Beyond debuted as a public company in early May.

But the stock is down 10% in Tuesday's premarket trading after JPMorgan (JPM) hit it with a downgrade.

Read more about the craze here.

2 hr 25 min ago Global stocks are higher

From CNN Business' Julia Horowitz

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A stocks rally in Asia has set the tone for markets on Tuesday.

Tuesday's US open: The Dow is poised to rise 130 points when US markets open. The S&P 500 could also jump 0.5%, while the Nasdaq could gain 0.6%.

Britain's FTSE 100 climbed 0.4% in early trading. Germany's DAX, which was closed Monday for a holiday, was up 1.1%. Carmakers such as Volkswagen (VLKAF) that would have been hurt by US tariffs on Mexico gained about 2%.

Those gains follow a positive trading session in China, where the Shanghai Composite popped 2.6% after Beijing indicated it was ramping up stimulus efforts.

Hong Kong's Hang Seng rose 0.8%, while Japan's Nikkei notched a more modest 0.3% increase.

Monday's close: The Dow finished up 0.3%, logging its sixth consecutive session of gains. The S&P 500 increased 0.5%, and the Nasdaq rose 1.1%.

2 hr 29 min ago E3 gaming expo kicks off

From CNN Business' Julia Horowitz

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The E3 gaming conference officially kicks off in Los Angeles on Tuesday.

Some companies got out ahead of the event with announcements. 

Microsoft (MSFT) pulled back the curtain on a new Xbox console, which will launch in 2020, over the weekend. Still to come is Nintendo (NTDOF). The company's presentation is expected to focus on games.
2 hr 19 min ago Shutterfly purchased by public equity firm

From CNN Business' Julia Horowitz

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Equity firm Apollo Global Management is going big on online photos.

The company announced late Monday that it's buying Shutterfly and Snapfish, and would combine the two photo businesses if the deals goes through.

The deal for Shutterfly values the company at $2.7 billion. Its shares are down 0.7% in premarket trading.

Snapfish is not publicly traded.

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