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 Here is what you need to know. The Fed meets. The Federal Open Market Committee is expected to hold its key interest rate in a range between 1.75% and 2% at the conclusion of Wednesday's meeting. Trump could more than double his proposed tariffs on $200 billion of Chinese goods. President Donald Trump is considering increasing his proposed 10% tariff on $200 billion worth of Chinese goods to 25%, Bloomberg says. The conditions that triggered the most recent stock meltdown are still in place. A new study from Goldman Sachs says the constrained liquidity conditions the stock market experienced in February helped cause and worsen the sell-off, and those conditions remain. The bank has two big ideas of ways investors can cover their backs. Apple impresses, hints at a big September iPhone launch. The tech giant beat on both the top and bottom lines and gave revenue guidance hinting that a new iPhone will be introduced in September. Les Moonves is expected to take questions from analysts during CBS' earnings call. Moonves, the CEO and chairman of CBS, who faces sexual-misconduct allegations from at least six women, plans to make himself available to analysts on the company's earnings call on Thursday, Fox Business reports, citing people familiar with the situation. Chipotle tanks after more than 170 people said they fell ill at an Ohio restaurant. Shares have sunk 6.83% to $433.66 apiece, their lowest level in about a month. MoviePass' owner tumbles after announcing plan to raise prices. Shares of Helios and Matheson Analytics fell 38% on Wednesday to less than $0.50 apiece after the embattled movie-ticket subscription service announced a slew of measures designed to shore up its finances, including higher monthly rates and blackouts on some of the hottest movies. Stock markets around the world are lower. China's Shanghai Composite (-1.8%) led the losses in Asia, and Britain's FTSE (-0.91%) trails in Europe. The S&P 500 is set to open little changed near 2,814. Tesla reports after the bell. The electric-car maker is expected to lose an adjusted $2.90 a share on revenue of $3.97 billion, according to Bloomberg data. Ferrari, Sprint, and T-Mobile are among the other names reporting Wednesday. US economic data keeps coming. ADP Employment Change will be released at 8:15 a.m. ET before Markit US Manufacturing PMI and ISM Manufacturing cross the wires at 9:45 a.m. ET and 10 a.m. ET. US auto sales will be announced throughout the day. The US 10-year yield is up 2 basis points at 2.88%. | 
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