Tesla sales; Walgreens earnings; Boeing delay

1. Tesla sales: Tesla is probably about to report the largest drop in auto sales in the company's history. That's not a shock —Tesla faced some special circumstances last quarter. But it's still a concern: The company needs to keep its sales pace high to pay down its sizable debts.

Where U.S. stocks are heading Dow Futures   Nasdaq Futures   S&P Futures -4.00   -3.75   -1.00 -0.02%   -0.05%   -0.03%

World Markets Japan   China   U.K. Nikkei 225   Shanghai Composite   FTSE 100 -3.72   +6.46   +45.49 21,505.31   3,176.82   7,362.87 -0.02%   +0.20%   +0.62%

Biggest Winners Qorvo Inc +1.42%   Walgreens Boots Alliance Inc +1.20%   Activision Blizzard Inc +1.08%   Centene Corp +0.63% Biggest Losers DowDuPont Inc -31.28%   TechnipFMC PLC -0.66%   Carnival Corp -0.44%   AT&T Inc -0.44%

News: What you need to know about the markets     Tesla sales; Walgreens earnings; Boeing delay By Ivana Kottasová, CNN Business   1. Tesla sales: Tesla is probably about to report the largest drop in auto sales in the company's history.   That's not a shock —Tesla faced some special circumstances last quarter. But it's still a concern: The company needs to keep its sales pace high to pay down its sizable debts.   Analysts expect Tesla to report Tuesday that the number of cars it delivered during the first quarter dropped sharply from 90,700 in the previous three months.   One reason for the expected drop is that Tesla rushed to complete some sales last year so buyers could take advantage of an expiring US tax credit. A second is that a new push on international sales has been a logistical challenge.   Shares in Tesla have slumped over 13% so far this year.   2. Walgreens earnings: The Walgreens Boots Alliance will release its earnings report before the open. It's been a rough few months for the drug store.   The US Food and Drug Administration said last month that it was putting Walgreens "on notice" for selling more cigarettes to minors than any other drug store retailer.   US drugstores have also been hurt by lower prices for generic drugs and a decline in reimbursement rates for medications from government health care plans.   They also face increased pharmacy competition from retail giants Walmart and Amazon.   Walgreen's stock is down more than 7% so far this year.   3. Boeing delay: Boeing's 737 Max jets will remain grounded for weeks after the US Federal Aviation Administration said that the plane maker continues to work on a software fix.   Boeing had said it would submit the fix to the regulator last week, and it had gathered hundreds of industry representatives at its Seattle-area facilities last Wednesday to demonstrate the software changes.   But the FAA said Monday that the company concluded that "additional work" is needed.   The FAA followed other countries' aviation authorities in grounding the Max on March 13 following its second crash in less than five months.   4. Brexit 'chaos': The British pound dropped 0.5% against the US dollar on Tuesday to trade just above $1.30.   UK lawmakers again rejected alternatives to Prime Minister Theresa May's Brexit deal on Monday, increasing the risk that the country will crash out of the European Union without a deal in just 10 days.   "Brexit goes from shambles to chaos," said Kit Juckes, a strategist at Societe Generale. "The market is fed up and has taken all its positions off," he added.   5. Global market overview: US stock futures were pointing lower.   European markets opened mostly higher, following a positive trading session in Asia.   The Dow Jones industrial average closed 1.3% higher on Monday, the index's highest close since October. The S&P 500 added 1.2% and the Nasdaq gained 1.3%.   Before the Bell newsletter: Key market news. In your inbox. Subscribe now!   6. Earnings and economics: Dave & Busters and GameStop will release earnings after the close.   A report on US durable orders will be published at 8:30 a.m. ET.

Coming this week:     Tuesday — Walgreen earnings; Tesla sales figures; US February durable goods orders Wednesday — US ISM services Thursday — Constellation Brand earnings; Reserve Bank of India rate decision Friday — US March jobs report; EU finance ministers meet

Key Market Stats Latest Today's Change Oil $62.12 +0.53 / +0.86% Gold $1,292.80 -1.40 / -0.11% 10-yr 2.50% +0.08 Euro $1.12 -0.00 / -0.03%

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