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
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
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
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
Micron beat analyst estimates on earnings and revenue for its fiscal third quarter of 2019.Technologyread more
Omarosa Manigault Newman, who had been a senior advisor to President Donald Trump before her firing, was sued for allegedly failing to file required financial disclosures.Politicsread more
"Disney has great product, and once again as you look into the universe, Disney said, 'OK, they don't want to be a part of the Netflix universe.' They wanted to do it themselves. It's something we decided to do a few years ago, " Moonves said in an interview on CNBC's "Squawk on the Street. "
The CBS chief was referring to his company's CBS All Access service, which launched in 2014. It allows users to stream over the internet live TV and NFL games and thousands of CBS shows on-demand.
"People are going to choose what they want to watch. People are tired of paying for things they don't want to watch. ...There is a lot of people who want Disney, just like there's a lot of people who want CBS," Moonves said.
Disney announced last month it intends to remove its movies from Netflix and instead launch a branded direct-to-consumer streaming service.
Disney CEO Bob Iger told CNBC at the time that Disney had a "good relationship" with Netflix, but decided to exercise an option to move its content off the platform.
Moonves also spoke about the changing ways people consume media. He said there is "no question" that consumers are cutting the cord but the company is adapting and making money.
"When people are cord cutting or they're leaving cable, they're going somewhere. They're not going to thin air. They're buying other services," the CBS chief said.
"We're involved with skinny bundles, the ones that are doing smaller packages of 40 channels as well as CBS All Access and Showtime over the top," he said.
—CNBC's Michelle Castillo contributed to this report.
Watch: CBS' Les Moonves: NFL still best property on television, not worried about ratings