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5 Things To Know Before The Stock Market Opens August 13, 2019




1. Dow could see a three-session slide, sinking further from July's all-time highs

Floors on the New York Stock Exchange floor.

Brendan McDermid | Reuters

U.S. stock futures pointed to a lower opening on Wall Street Tuesday, a day after the Dow Jones Industrial Average, the S&P 500 and the Nasdaq declined for the second straight session. Investors continued to push into bonds, pushing interest rates inversely lower on concerns over the US-China trade war ̵[ads1]1; and increasingly protesting against the Hong Kong government. The Dow, S&P 500 and Nasdaq were all about 5% of all the highs in July. China's central bank, to the Trump administration's chance, set the currency weaker than 7 yuan per dollar for the fourth session in a row.

2. Bonds are close to flashing the most serious red flag to recession yet yet. While various yield curve pairs turned around months ago, it looks like the 2-year Treasury yield for 10-year spread will go down every single day now. The yield curve, the site for US interest rates based on the maturity date, is at its lowest level since 2007 before the Great Recession. An inversion, which occurs when short-term rates move higher than longer-term, have historically been a reliable downturn.

3. Hong Kong protests close the airport for the second day as China warns protesters

Protesters occupy the departure hall of Hong Kong International Airport during a demonstration on August 13, 2019 in Hong Kong, China.

Anthony Kwan / Getty Images [19659004] Democratic protesters crippled the operation at Hong Kong International Airport for another day on Tuesday, forcing authorities to cancel all remaining flights out of Chinese territory. China's state media warned that protesters from Hong Kong "are asking for self-destruction" when they released a video showing Chinese military vehicles gathering near the city's border. Hong Kong's embattled leader said that "law-breaking activities in the name of freedom" harmed the rule of law.

4. CBS is nearing completion of a merger that values ​​Viacom at approximately $ 12 billion

The Viacom office in Hollywood, California.

Lucy Nicholson | Reuters

CBS and Viacom conclude the merger agreement and negotiate a share exchange rate that will value Viacom at nearly $ 12 billion. The talks are ongoing, and nothing has ended, people told CNBC on Monday. Shari Redstone, whose national amusement is the principal owner of both companies, has called for an agreement. CBS and Viacom almost merged a year ago before a rift over who was to control the combined company derailed discussions.

5. Dele Khosrowshahi, CEO of Uber Technologies Inc., speaks during an interview in Tokyo, Japan, Wednesday, July 3, 2019, just months after their NYSE debut. 19659003] Akio | Bloomberg | Getty Images

Uber shares were stable in premarket trading on Tuesday after falling to their lowest close ever. The stock still fell 7.6% to $ 37 for last week's major losses in the second quarter. Since debuting in the New York Stock Exchange in May, Uber has slumped 18% from its original $ 45 stock price per share. On Monday, early Uber investor Bradley Tusk told CNBC that CEO Dara Khosrowshahi lacks the "ruthless innovation" mentality of the company's early days that made it a global phenomenon, and the stock reflects that.

CNBC before the clock news. 19659020] Have this delivered to your inbox and more information about our products and services.
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