The IMF trims its economic growth forecast again as the U.S.-China trade war continues, Brexit worries linger and inflation remains muted.Economyread more
Citigroup thinks Tesla investors hoping for a post-earnings rally later this week should scrutinize a pair of related financial metrics.Investingread more
Olive branches were extended from both China and the U.S. as the two nations are set to restart face-to-face trade negotiations after a monthlong truce.Marketsread more
Coca-Cola topped Wall Street's expectations for earnings and revenue.Food & Beverageread more
New disclosures show Facebook and Amazon each spent more than $4 million on lobbying activity in the second quarter of 2019.Technologyread more
Boris Johnson, one of the biggest voices in the Brexit movement, wins the Conservative Party leadership race by a 2-1 margin.Europe Politicsread more
Disney can nearly double its earnings by 2024, Morgan Stanley said in a note to clients on Tuesday.Investingread more
Amazon is expected to report its second-quarter earnings on Thursday.Investingread more
The largest residential brokerage company in the U.S. is partnering with the largest online retailer in a strategy to boost sales for both.Real Estateread more
Here are the biggest calls on Wall Street on TuesdayInvestingread more
Canaccord Genuity's Tony Dwyer believes stocks are about to fall as much as 5% from their all-time highs.Trading Nationread more
Deutsche Bank chief U.S. equity strategist said Wednesday he sees "significant downside risk" for the U.S. stocks this summer as interest rates remain low and a resurgent dollar threatens to derail crude oil's rally.
"I am very concerned about the market for this summer. ... I think the likely falls to something like 1,950, perhaps lower, " David Bianco told CNBC's "Squawk Box."
The S&P rebounded nearly 2 percent to 2,036 on Tuesday after global markets shed $3 trillion in the wake of the British vote to leave the European Union last week.
The vote is seen complicating the U.S. Federal Reserve's plan to raise interest rates this year.
While low interest rates support stock multiples and equities that serve as bond proxies, they are also a "massive challenge" to the financial sector, Bianco said. Low rates make it more difficult for banks to earn money from lending.
The market is also grappling with currency uncertainty following the Brexit vote, Bianco said. If the dollar strengthens, it will be difficult for oil prices to climb to materially higher levels, he said.
A stronger greenback makes dollar-denominated crude more expensive to holders of other currencies. Oil and gas drillers and service companies have been slammed by a nearly two-year oil price rout.
Paul Hickey, co-founder of Bespoke Investment Group, noted that while crude prices pulled back following the Brexit vote, they have not been crushed, despite renewed dollar strength.
U.S. crude settled 3 percent higher on Tuesday following a 7.5-percent decline in the previous two sessions after the U.K. referendum.
On the Fed front, Hickey does expect policymakers to be dovish on rates and said the United States could become a safe haven given the British vote's impact on the pound, which fell to a 30-year low after the referendum.
"When you have one of the largest economies in the world see their currency drop like an emerging market currency, people are going to shift capital out of those areas," he told "Squawk Box."
In Hickey's view, the pound move makes emerging market assets more attractive.
Bianco said he is waiting for more downside in European assets before he views the continent opportunistically. For the moment, he advised holding cash to keep one's options open.
Nandini Ramakrishnan, global market analyst at JPMorgan Asset Management, said Britain's could be a near-term beneficiary because the lower pound is a boon to the many multinationals in the index.
However, she cautioned that uncertainty in global markets will persist as the British government reshuffles in the coming months and the U.K.'s potential exit from the European Union proceeds.