What's next for Venezuela? Oil races back to $50; Jeep is making cars in India

Exciting news! A brand-new version of this newsletter – with more video and more of Quest's voice and global perspective -- will be launching in your inbox soon. Profitable Moment   Brexit chaos encircles London I spent the weekend in London. Flying back to New York this morning, I reflected on the level of apparent disarray over Brexit in the British government. While the prime minister is on holiday, her chancellor indicated the transition period will last up to three years, the U.K. will remain European in nature and European migration will continue. Then, the International Trade secretary disses all of that, saying nothing of the sort has been agreed to, while the Brexit secretary pleads to be allowed to just get on with the negotiations. No wonder Michel Barnier, the EU negotiator, is frustrated and confused. London is portraying a vision of chaos and disunity at a time when the British government needs to speak firmly and with one voice. Of course we shouldn't be surprised….this was entirely predictable with a minority government where everyone Is now jockeying for power. A mess.  -Richard.Quest@cnn.com  What's new... what's next   By Matt Egan and Julia Horowitz of CNNMoney 1. What's next for Venezuela? Crisis & isolation Venezuela is about to get even more isolated. The government's decision to hold a polarizing election that sparked deadly clashes is likely to deepen its economic and humanitarian crisis. Ten people were killed on Sunday, the bloodiest day of protests since March. The U.S., Spain, Mexico, Argentina, Brazil, Colombia and others condemned the vote. The Trump administration slapped sanctions on President Maduro. Venezuelans fear the backlash may worsen a severe food shortage or even lead the country to default.  2. Oil races back to $50 -- but can it stay there? The chaos in Venezuela is one of several reasons why crude hit the $50 milestone for the first time in two months. Oil traders are watching for deeper turmoil in Venezuela and more U.S. sanctions. The comeback has mostly been driven by easing fears about the supply glut and talk of more help from OPEC. But is this rebound real or just another head fake? Don't bank on a speedy return to $60 a barrel because that would just encourage U.S. shale drillers to pump away. Sixty dollar oil would be "self-defeating," said analyst Michael Tran.  3. This iconic U.S. brand is making cars in India Say hello to Jeep's first vehicle produced in India. The 2017 Compass started rolling off the assembly line near Pune, a city known for automobile manufacturing, in June, but the launch was made official at an event in Mumbai on Monday. The Compass marks a major new commitment for Jeep in India. It already sells Wrangler and Cherokee models in the country, but those vehicles are imported from the United States.  4. Snapchat's moment of truth is here Snapchat has seen much of its market value disappear since going public in March. Now, the situation could go from bad to worse. Snap, the messaging app's parent company, fell as much as 5% in early trading Monday to a new low as some company insiders finally got the chance to cash out. The stock later rebounded and was flat by late morning. Like many new public companies, Snap has a "lockup" agreement preventing employees and early investors from selling their stock. The first lockup period expired on Saturday. 5. Quick Takes: Discovery agrees to buy parent of HGTV and Food Network Russia bans VPNs to stop users from looking at censored sites Is it time for universal paid family leave? This U.S. senator thinks so Charter: We're not interested in a Sprint mega-merger Lyft adds former Obama adviser Valerie Jarrett to its board Startup Carjojo will negotiate the price of a new car for you 6. What's next: Apple leads parade of earnings: The world's largest public company hits the earnings stage Tuesday afternoon and virtually all of Wall Street will be tuning in. Apple will need to wow investors with strong iPhone sales to justify the stock's 28% rally so far this year. But investors really want to hear details about the launch of the next version of the iPhone, which could drive the stock for the next few quarters. Under Armour and Big Oil: A flurry of oil companies including BP, Pioneer Natural Resources and EOG Resources are set to report results throughout Tuesday. Look for signs whether the rally to $50 oil has emboldened these companies to drill more. Earnings are also on tap from Under Armour, Sprint, Xerox and Pfizer. Auto sales still slumping? Ford, General Motors, Toyota and the other major auto companies are due to post their July sales totals throughout the day on Tuesday. Analysts expect sales dipped in July, continuing a recent trend after a record-setting 2016. Make this newsletter better. Please send us your feedback to CNNMoneyfeedback@turner.com Share Tweet Forward Sign up for CNN Money's morning markets newsletter: Before the Bell Sign up for CNN Money's closing markets newsletter: Markets Now Copyright © 2017 Cable News Network, LP, LLLP. A Time Warner Company. All Rights Reserved., All rights reserved. You're receiving this newsletter because you opted in at cnn.com or cnnmoney.com. Our mailing address is: Cable News Network, LP, LLLP. A Time Warner Company. All Rights Reserved. One CNN Center Atlanta, GA 30303 Add us to your address book unsubscribe from this list    update subscription preferences