BY THE NUMBERS

U.S. stock futures this morning were pointing to a continuation of Tuesday's late slide, which sent Wall Street to session lows in the final hour of trading, as ongoing U.S.-China trade tensions fueled worries about the outlook for global economic growth. The major stock measures are all but certain to post their first May losses since 2012, with the Dow and S&P 500 down nearly 5% for the month and the Nasdaq down 6% for the month. (CNBC)

* Falling bond yields rates send a warning signal to the stock market (CNBC)

The stock market and economic outlook in the U.S. are "deteriorating," according to an analysis from Morgan Stanley. Trade and a slump in economic data, ranging from falling durable goods and capital spending to a downshift in the services sector, has put U.S. profits and economic growth at risk, it warned. (CNBC)

Shares of rare earth miners in the Asia Pacific region surged today after Beijing made a veiled threat to Washington in their trade war about possibly withholding those materials, which are used in all kinds of high-tech consumer products and military equipment. (CNBC)

Huawei, caught in the crossfire of U.S.-China trade and technology disputes, is filing a "motion for summary judgement." In March, Huawei filed a lawsuit against the U.S., alleging a law that bans government agencies from buying the Chinese telecom giant's equipment is unconstitutional. (CNBC)

* ECB warns of sharp falls in asset prices if trade tensions escalate (CNBC)
* All signs are pointing to a 'tough year' for Chinese businesses (CNBC)