Dow futures were pointing to a triple-digit drop this morning after President Donald Trump threw cold water on the idea that talks with China are going well and said that the planned North Korea summit in June may not happen. (CNBC)
* North Korea prepares to dismantle nuclear test site (USA Today)
* Cramer: If you want bigger gains, buy stocks that are selling off on panic (CNBC)
Lowe's (LOW) stock was about 2 percent lower in premarket after the home improvement retailer missed analysts' forecasts for quarterly same-store sales. It came a day after the company said J.C. Penney (JCP) CEO Marvin Ellison would be taking over. (Reuters)
Retailers Target (TGT), Tiffany (TIF) and Ralph Lauren (RL) are also all out with quarterly earnings this morning, while L Brands (LB), NetApp (NTAP) and Williams-Sonoma (WSM) are among the companies issuing their numbers after today's closing bell. (CNBC)
The government will be out with April new home sales figures at 10 a.m. ET. The Fed releases the minutes of its March meeting at 2: p.m. ET, with investors once again focusing on language that may give further clues as to how fast interest rates will rise. (CNBC)
* Weekly mortgage refinances drop to an 18-year low as rates jump (CNBC)
The House voted to pass the biggest rollback of financial regulations since the global financial crisis. The legislation will exempt some institutions from stress tests and living wills designed as a safety valve following the global financial crisis. (CNBC)
* The fine print: What's in the bank bill (WSJ)
* How banks and law firms make millions from hospital debt (Axios)
President Trump, contradicting a Wall Street Journal report, said that his administration has not yet reached a deal with Beijing to save telecom company ZTE. Trump said "there is no deal" and adding that "we'll see what happens." (CNBC)
* Trump's demand that China cut its US trade deficit by $200 billion defies the laws of economics (CNBC)
The New York Times reported that Evgeny Freidman, a business partner of Trump's lawyer Michael Cohen has agreed to cooperate with prosecutors. Cohen is the subject of an ongoing criminal investigation by federal prosecutors in New York City.
* The anti-Mueller brigade (Axios)
* Republicans, no Democrats, invited to see documents on U.S. election probe (Reuters)
Trump said that he will propose new additional tax cuts sometime prior to November, when Republicans look to hold on to their majorities in Congress in midterm elections. The president did not give any details on the plan. (Reuters)
* Can Paul Ryan make it through to January as House speaker? (NY Times)
The president, speaking at the Susan B. Anthony List's annual "Campaign for Life Gala," issued a rallying call to opponents of abortion. Trump encouraged them to head to the polls to elect conservative lawmakers. (AP)
The Culinary Union announced that hotel and casino workers have voted to authorize a strike in June at dozens of casinos and resorts if contract agreements aren't reached before they expire at the end of May. (NBC News)
The Food and Drug Administration said that some pills that claim to protect your skin from the sun may not work and could even put your health at risk. FDA Commissioner Scott Gottlieb recommends that consumers continue to use sunscreen. (CNBC)
Facebook (FB) CEO Mark Zuckerberg failed to answer a lot of questions from members of the European Parliament yesterday. It was largely due to time constraints and a bizarre meeting format that let the Facebook chief peddle talking points. (CNBC)
Intuit (INTU) reported adjusted quarterly profit of $4.82 per share, beating the consensus estimate of $4.68. The financial software company also saw revenue beat forecasts and it issued strong full-year guidance.
Hewlett Packard Enterprise beat forecasts by three cents, reporting adjusted quarterly profit of 34 cents per share. Revenue also beat estimates, and the company also raised its full-year forecast amid stronger sales of its servers and networking equipment.
Red Robin Gourmet Burgers (RRGB) earned 69 cents per share for the first quarter, falling seven cents shy of the Street's consensus forecasts. The restaurant chain's revenue was also short of estimates, with comparable restaurant sales posting an unexpected drop of 0.9 percent.
The Container Store (TCS) reported quarterly profit of 18 cents per share, five cents less than Wall Street had anticipated, although the retailer did see revenue top estimates. The company cited "timing factors" among key negative factors impacting profitability.
Tesla (TSLA) cut the price of its Model X in China by up to $14,000 after Beijing announced significant cuts in tariffs for imported automobiles and car parts.
Wynn Resorts (WYNN) shareholders rejected the company's executive compensation plank at its annual meeting last week, according to a new SEC filing.
The Houston Rockets ended the Golden State Warriors home win streak in Game 4 of the Western Conference finals Tuesday. A last-second foul gave the Warriors one more chance but Stephen Curry was unable to connect on a 3-pointer. (NY Times)