These are the stocks posting the largest moves before the bell.Market Insiderread more
China wants to have another round of talks with the U.S. before signing phase one of a trade deal, a source tells CNBC's Kayla Tausche.Marketsread more
The Treasury secretary Steven Mnuchin expressed optimism Monday that the U.S. and China have a workable first-phase agreement.Economyread more
"The Champagne should probably be kept on ice, at least until the two presidents put pen to paper," said state-owned media China Daily.Traderead more
U.S. stock index futures turned lower after China said it needed to have further discussions before it would sign off on the so-called phase one trade deal President Trump...US Marketsread more
Analysts say the partial U.S.-China trade deal doesn't touch on thorny issues plaguing both sides, and warn talks could break down again.World Economyread more
U.S. stock futures turn lower after word that China wants more talks before signing the "phase one" trade deal.Marketsread more
Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
Economists Abhijit Banerjee, Esther Duflo and Michael Kremer won the 2019 Nobel Economics Prize for their work in fighting global poverty, the Royal Swedish Academy of...World Newsread more
Boeing's board removed CEO Dennis Muilenburg as chairman amid the fall out of two 737 Max crashes that killed 346 people.Aerospace & Defenseread more
The U.K. and EU are gearing up for what could be the busiest week in British politics since June 2016.Europe Politicsread more
FedEx Chairman and CEO Fred Smith expressed extreme pessimism about the global economy on the delivery giant's post-earnings conference call with analysts.
"This is the most dispiriting call about the economy I've heard in a very long time," CNBC's Jim Cramer said Wednesday. Smith was "basically implying that we're going to import that slowdown," the "Mad Money" host added.
Shares of FedEx plunged about 14% on Wednesday after the company late Tuesday blamed the U.S.-China trade war and the loss of Amazon as a customer for its quarterly earnings and revenue misses. FedEx also lowered full-year guidance for fiscal 2020.
On the call with analysts, Smith said, "I think there is a lot of whistling past the graveyard about the U.S. consumer and the United States economy versus what's going on globally."
"U.S. business is so dependent upon exports and trade. And when you have your two biggest trading partners kind of frozen between the NAFTA rewrite and China trade, it shouldn't be a surprise to anybody that business investment starts slowing down. And that's exactly what we're seeing," Stephenson said, adding business investment is "flashing yellow."
"I don't think we're headed to a recession, but we're definitely slowing down," Stephenson said. "You can't have that kind of slowdown in business investment and not find its way into the consumer ultimately."