Day 2 of DNC; 3 States Hold Primaries; EU Slashes Proposed Made-in-China Telsa Tariffs

Day 2 of the Democratic National Convention is underway in Chicago on Tuesday. Former President Barack Obama and former First Lady Michelle Obama are set to speak Tuesday night.

Florida, Alaska, and Wyoming hold primary elections, with just four state preliminaries remaining before the November election. None of the races are expected to be competitive.

The European Commission cut its proposed tariff on imports of Tesla cars built in China from 20.8% to 9%. The Commission said some Chinese firms in joint ventures with EU automakers may receive lower planned punitive duties on Chinese-made electric vehicles.