Good morning. Stock futures are little moved this morning after Trump's tariffs went into effect, introducing higher levies on more than a dozen countries. After the changes, the average effective tariff rate for the U.S. will rise to 18.3%, per data from the Yale Budget Lab .

Update: 4:30 A.M. EDT

A.M. Earnings: Eli Lilly, ConocoPhillips, Brookfield

Earnings from energy and infrastructure firms will be at the forefront this morning,

Per Nasdaq, there are 468 earnings reports today, which makes this the busiest day of the second-quarter earnings season thus far.

Here are the ten largest reports (by market cap) that will report this morning:

A.M. Data: Jobless Claims, Productivity, Consumer Checkup

This morning, we're looking out for a raft of both hard and soft economic data point

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