US futures turn positive as investors focus on trade, earnings
Around 6:50 a.m. ET, Dow futures indicated a rise of about 15 points at the open, while S&P 500 and Nasdaq futures were little changed.
In addition, Softbank published earnings before the bell, and over the weekend, Berkshire Hathaway saw its quarterly operating profit jump 67 percent in its latest corporate report, beating analyst expectations.
No major economic data is due out on Monday.
Investors will likely be mulling over the latest jobs number released Friday. The Labor Department announced that after two strong months of U.S. job growth, payrolls for July came in below market expectations, with total nonfarm payrolls rising by 157,000, below the 190,000 expected by economists polled by Reuters.
With WTI down over 7 percent in July, in what price range will it trade at the end of August?
Not a Scientific Survey. Results may not total 100% due to rounding.
The U.S. administration revealed last Wednesday that President Donald Trump had spoken with U.S. Trade Representative Robert Lighthizer and asked him to consider increasing the proposed levies on $200 billion worth of Chinese goods up to 25 percent, from 10 percent.
Markets in Asia and Europe came under pressure on Monday morning, as investors awaited more news on the retaliatory tariffs.
—CNBC's Michael Sheetz contributed to this report