India  

3 Big Stories to Watch: China's Economic Data, Tilray Earnings, CBS-Viacom Deal

Video Credit: The Street - Duration: 00:52s - Published
3 Big Stories to Watch: China's Economic Data, Tilray Earnings, CBS-Viacom Deal

3 Big Stories to Watch: China's Economic Data, Tilray Earnings, CBS-Viacom Deal

U.S. futures are indicating a sharp decline Wednesday morning as global economic recession indicators mount.

China reported a decline in July investment, retail spending and manufacturing.

Whether that is a function of the U.S.-China trade war or a wider economic downturn that could infect other global economies.

In the U.S., an inversion of the 10-year and two-year yield curves is weighing on futures ahead of the open.

CBS and Viacom agreed to a merger that will create a company with $28 billion in annual revenue and a $30 billion market cap.

Finally, Tilray shares are dropping double digits premarket after the Canadian cannabis company reported a second quarter net loss that was wider than expected.

However, analyst at Piper Jaffray believe that long-term, Tilray has a good chance of being the industry's standard bearer.

"We expect Tilray to remain in investment mode to drive growth and do not expect positive earnings in the near-term," the firm's note said.

Premium Pick: Macy's Charts Still Short on Magic Ask the Expert: What is The Future of Cannabis Legalization?

TheStreet Explains: What Is an EPS Estimate?

Dog Days of Summer: Why Investors May Be Seeing the End of the Dog Days of Summer C-Suite: AMD CEO Lisa Su Talks New Chips, Confirms She's Staying: 'I Have A Lot to Do' Ready to Retire: The Biggest Threat to Your Retirement?

Check Your Basement Success: Top Women Leaders Share the Keys to Business Success Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud Catch Up: Today's Top News Videos Below

0
shares
ShareTweetSavePostSend
 

You Might Like


Tweets about this


Related videos from verified sources

Coupa, Zoom, Palo Alto, and More - Earnings to Watch [Video]

Coupa, Zoom, Palo Alto, and More - Earnings to Watch

Do you have that summertime sadness? Well, don't you worry ... We will try to cheer you up (and make your life easier) with a look at earnings coming up in the first week of September. BUT ... Before..

Credit: The Street     Duration: 00:29Published
The Fed, the Trade War and Stocks -- Not Much Juice Left in the Tank in 2019? [Video]

The Fed, the Trade War and Stocks -- Not Much Juice Left in the Tank in 2019?

The U.S. stock market loves to rally when there's positive trade news and sell-off when there's negative trade news. This can feel like no-man's land. Mix in the possibility of two Federal Reserve..

Credit: The Street     Duration: 03:08Published
Got Whiplash From the Volatility? Breaking Down Burlington, Tesla and Trade War [Video]

Got Whiplash From the Volatility? Breaking Down Burlington, Tesla and Trade War

Happy almost-Friday! Jim Cramer is off, so filling in is Jeff Marks, senior portfolio analyst with Cramer's Action Alerts PLUS charitable trust. Marks will be weighing in on market volatility, the..

Credit: The Street     Duration: 07:29Published