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
The Senate is expected to pass its own version of the border aid legislation, while the Trump administration has threatened to veto both bills.Politicsread 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
Check out the companies making headlines before the bell:
Chewy – Chewy will debut on Wall Street today after pricing its initial public offering at $22 per share, above the expected range. It also sold more stock than originally planned. Chewy parent PetSmart will receive almost $900 million from the stock sale.
Broadcom – Broadcom reported adjusted quarterly profit of $5.21 per share, beating consensus estimates by 5 cents. The chip maker's revenue missed forecasts, however, and the company predicted a slowdown in chip demand stemming from the trade conflict between the U.S. and China. Broadcom also cut its revenue forecast for 2019 by 8%. Other technology stocks sank on concern about what the Broadcom warning means for demand for technology products. Apple and Cisco were lower in premarket trading.
Mattel — MGA Entertainment CEO Isaac Larian told CNBC's Closing Bell that Mattel is not worth more than $6 per share right now. MGA recently had a second takeover bid rejected by Mattel as not being in the best interests of shareholders, but Larian predicted Mattel would go into bankruptcy protection within a year or so if the status quo is maintained.
Comcast – The NBCUniversal and CNBC parent was rated "buy" in new coverage at Rosenblatt Securities, based on rising broadband market share and expanding cable profit margins.
Volkswagen – Volkswagen is hoping to raise about $2.1 billion from an initial public offering of its Traton trucks unit later this month. The automaker plans to sell a stake of at least 10%.
Sony — Hedge fund Third Point has called on Sony to spin off its semiconductor business, as well as sell stakes in other units. The fund run by investor Daniel Loeb wants Sony to position itself as a leading global entertainment company.
T-Mobile, Sprint — A judge has set a pre-trial hearing for next week in the attempt by 10 states to block T-Mobile's $26 billion buyout deal for rival Sprint. The states say the deal would cost subscribers of the two services more than $4.5 billion annually.
Facebook — Facebook has gotten backing from more than a dozen companies – including Visa, Mastercard, PayPal, and Uber – for a new cryptocurrency. That's according to The Wall Street Journal, which said the new currency will be unveiled next week and launch next year.
Barnes & Noble – A Barnes & Noble investor group said the bookseller's recently-struck deal to sell itself to hedge fund Elliott Management undervalues the company, and wants Barnes & Noble to seek out other offers. Elliott recently agreed to buy Barnes & Noble for $6.50 per share or $475 million in cash.
Blue Apron – Blue Apron announced a 1-for-15 reverse stocks split, effective after today's market close. The meal kit provider said last month it was considering the split to increase the company's stock price and improve liquidity.
Global Blood Therapeutics – The drug maker announced positive results in a late-stage clinical trial for its experimental sickle-cell disease treatment. The Food and Drug Administration has already granted the treatment "accelerated approval" status due to the need for such a treatment.