Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
Markets in Asia fell on Wednesday morning after U.S. Federal Reserve Chairman Jerome Powell tempered expectations for a potential interest rate cut.Asia Marketsread more
In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
Acting Customs and Border Protection Commissioner John Sanders is resigning amid the furor over the Trump administration's treatment of migrant children.Politicsread more
NBC is taking the office back from Netflix as it seeks to bolster its own streaming service launching in 2020.Technologyread more
Wayfair employees plan to walk out tomorrow, after no action was taken in response to their opposition to the company supplying border detention camps with beds for children.Retailread more
The "Fast Money " traders shared their first moves for the market open.
Peter Najarian was a buyer of Colgate-Palmolive.
Karen Finerman was a buyer of Citigroup.
David Seaburg was a buyer of Urban Outfitters.
Guy Adami was a buyer of Xilinx.
Trader disclosure: On May 16, 2017, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Guy Adami is long CELG, EXAS, GDX, INTC, Guy Adami's wife, Linda Snow, works at Merck. Karen Finerman is long AAL, BAC, BAC short calls, C, DAL, EEM, EPI, EWW, DVYE, FB, FL, GLMP, GLNG, GOGO, GOOG, GOOGL, JPM, LYV, KORS, KORS calls, KORS puts, MA, SEDG, SPY puts, TACO, WFM. Her firm is long ANTM, BAC calls, C, C calls, FB, GOOG, GOOGL, GLNG, GMLP, JPM, JPM calls, KORS, LYV, PLCE, SPY puts, SPY put spreads, WIFI, UAL, her firm is short IWM, MDY. Pete Najarian owns calls BAC, BUD, BZH, C, CHK, CRM, DAL, FEYE, HMY, INTC, KMI, MDLZ, NBL, NBR, ORCL, RF, SNAP, TECK, UNP, VALE, WFM, WLL, XLE. Pete Najarian is long stock AAP, AAPL, BAC, CL, DIS, DLTR, EBAY, EMR, GILD, GIS, GM, HUM, IBM, JWN, K, KMX, KO, KORS, LUX, MRK, MSFT, PFE, RL, STX, TPX, UNP, WDC, WFT. Opinions expressed by David Seaburg are solely his own and do not reflect the views and opinions of Cowen Group, Inc. David Seaburg and Cowen have a financial interest in EDIT. Diamond Offshore: an employee of Cowen and Company, LLC serves on the Board of Directors of Diamond Offshore.