UK eases lockdown: Hairdressers, pubs and cafes set to reopen

The UK is one of the countries worst affected by the novel coronavirus.

England takes another step back towards normality on Saturday with hairdressers, cafes and pubs reopening their doors.

It is good news for the hospitality sector, which has already lost millions due to the coronavirus lockdown.

But as Al Jazeera’s Emma Hayward reports from Rutland, there are still fears that opening up could invite a new wave of infections.

The White House Rose Garden Is Getting a Renovation Ahead of the 2020 Election

The Rose Garden typically hosts ceremonies like when sports teams visit the White House to celebrate championships, events held to sign peace declarations, more informal news conferences — and even marriages. (That's where President Richard Nixon's daughter Tricia got married in 1971.)

Amid the novel coronavirus pandemic and widespread racial injustice protests this year, however, the Rose Garden has most often been the site of contentious press appearances by President Donald Trump.

In a June1 speech, Trump, 74, declared himself the "president of law and order" with the Rose Garden as a backdrop as federal officers cleared largely peaceful protesters from outside the White House.

Here's what happened to the stock market on Monday

The Dow climbed 114.88 points, or 0.43%, to 26,584.77. The S&P 500 gained 0.74% to 3,239.41. The Nasdaq Composite outperformed, rising 1.67% to 10,536.27. Gains across the major tech names lifted the broader market as traders braced for the busiest week of the earnings season.

Gold rallies to a record high

The move higher in stocks came as gold prices soared to a new record high. Gold futures hit an intraday high of $1,941.90 per ounce and settled 1.8% higher at $1,931.50. Monday's gain put the precious metal up more than 26% year to date, on pace for its biggest one-year gain since 2010.

Amazon, Apple lead tech higher

Amazon gained 1.54% after several analysts hiked their 12-month price targets on the e-commerce giants. Apple also rose 2.37% and was among the best-performing Dow stocks. Facebook, Netflix, Alphabet and Microsoft ended the day higher as well.

What happens next?

The Federal Reserve's two-day policy meeting kicks off on Tuesday. McDonald's, Pfizer, Starbucks and AMD are among the companies set to report earnings.

Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.

Hexcel Corp. Q2 adjusted earnings Miss Estimates

Below are the earnings highlights for Hexcel Corp. (HXL):

-Earnings: -$1.0 million in Q2 vs. $80.9 million in the same period last year.
-EPS: -$0.01 in Q2 vs. $0.94 in the same period last year.
-Excluding items, Hexcel Corp. reported adjusted earnings of $6.4 million or $0.08 per share for the period.
-Analysts projected $0.20 per share
-Revenue: $378.7 million in Q2 vs. $609.0 million in the same period last year.

European police crack encrypted network, probe leads to arrests

A massive cross-border investigation started when French police hacked into a highly encrypted messaging platform.

Police across Europe have arrested hundreds of members of crime gangs after hacking into an encrypted network.

More than 750 people were arrested by officers in the United Kingdom.

Hundreds of others were detained and millions of dollars, weapons and drugs were seized in the Netherlands, France, Norway and Sweden.

Al Jazeera’s Charlie Angela reports.

Cathay General Bancorp Q2 Profit Tops Estimates – Quick Facts

Cathay General Bancorp (CATY) reported second quarter earnings per share of $0.68 compared to $0.90, prior year. On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.57, for the quarter. Analysts’ estimates typically exclude special items.

Second quarter net interest income before provision for credit losses decreased 6.2% year-on-year, to $134.5 million. The company said the decrease was due primarily to a decrease in interest income from loans and securities. Non-interest income was $15.6 million, an increase of 21.9% from last year. Analysts expected revenue of $145.43 million for the quarter.

Brazil judge approves Odebrecht's bankruptcy restructuring plan

SAO PAULO, July 27 (Reuters) – A Brazilian judge on Monday approved a bankruptcy restructuring plan for Odebrecht, the battered construction conglomerate that was a key fixture of the sprawling corruption probe known as “Operation Car Wash.”

The judge, in a decision seen by Reuters, approved the plan and rejected objections from creditors, including state bank BNDES, Itaú Unibanco, Banco Bradesco, Santander Brasil and Banco do Brasil.

Creditors in April had approved the restructuring plan for most of the subsidiaries that make up Odebrecht. (Reporting by Aluisio Alves; Editing by Leslie Adler)