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
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
Check out the companies making headlines before the bell:
Walmart – The retailer earned an adjusted $1.41 per share for the fourth quarter, beating estimates by 8 cents a share. Revenue also beat Wall Street forecasts. U.S. comparable-store sales rose 4.2 percent, topping the Refinitiv consensus of a 3.2 percent increase. Walmart also increased its quarterly dividend by a penny a share to 53 cents per share.
McDonald's – Stephens upgraded the stock to "overweight" from "equal-weight," saying the restaurant chain's core U.S. business is accelerating.
United Parcel Service – UPS increased its quarterly dividend by 5.5 percent to 96 cents per share.
Oracle – Oracle added $12 billion to its stock buyback plan, according to a Securities and Exchange Commission filing by the business software giant.
Advance Auto Parts – The auto parts retailer earned an adjusted $1.17 per share for its latest quarter, 4 cents a share above estimates. Revenue was in line with forecasts, but Advance Auto's comparable-store sales increase of 3.4 percent was below the consensus estimate of a 3.6 percent rise.
Honda Motor – Honda plans to shut down its only British factory in 2021. The automaker said the decision was based on global market conditions and was unrelated to Brexit.
HSBC – HSBC posted a lower-than-expected annual profit due to higher costs and weaker results at its trading businesses, and said economic slowdowns in China and Britain may weigh on the bank's results this year.
BHP Billiton – BHP said its first half profit was down by 8 percent, with weaker earnings in the mining company's copper business weighing on its bottom line.
Southwest Airlines – The airline is being probed by the Federal Aviation Administration for widespread miscalculation of checked baggage loads, according to The Wall Street Journal. The paper said in some cases, jets were carrying more than 1,000 pounds in excess of what a flight's paperwork indicated.
Navient – Navient rejected a $3.2 billion takeover bid from hedge fund Canyon Capital and private-equity firm Platinum Equity Advisors. The student loan servicing company said the $12.50 per share proposal undervalues the company, among other issues.
Bristol-Myers Squibb — Hedge fund Starboard Value is asking a proxy solicitor to investigate the level of support among shareholders for the drugmaker's $74 billion deal to buy Celgene, according to Reuters. Starboard has reportedly not decided whether to support the deal.
Caesars Entertainment — Houston Rockets owner Tilman Fertitta has purchased 4.5 million shares in Caesars, according to a report in the Houston Chronicle. Fertitta's bid to merge his Landry's restaurant chain with Caesars last year was rejected.
Papa John's – Papa John's was downgraded to "sell" from "hold" at Stifel Nicolaus, which points to sales declines at the pizza chain and the expectation that the company will need to continue to support its franchised operations.
Ulta, Lululemon – The stocks were both downgraded to "neutral" from "buy" at Nomura Instinet. The firm still believes that the cosmetics company and the yogawear maker are two of the best stories in retail, but that the share prices already reflect that upbeat outlook.