2. Germany and China: Investor jitters have a lot to do with the fact that Germany's economy is shrinking as pressure builds up in China.
Germany said Wednesday that GDP for the three months ended June fell 0.1% year-over-year, in line with analyst expectations. This is down from 0.4% growth in the first three months of the year.
The world's fourth largest economy, and Europe's largest, has been hit by what analysts describe as a "perfect storm" of negative factors, including the trade war, weak global car sales and fears of a disorderly Brexit.
China, meanwhile, saw industrial production grow only 4.8% in July, the weakest rate in 1
The agreement will create a company with more than $ 28 billion in sales. The businesses include CBS & # 39; broadcast networks, the Paramount movie studio and cable networks such as Showtime, MTV, Nickelodeon, BET and Comedy Central.
The two companies used to be one, but split in 2006. For many years, Shari Redstone, president of the CBS parent company National Amusements, has been trying to orchestrate a reunion.
CBS shares are down 2% in premarket trading, while the Viacom share is 0.4%.
Wednesday – Retail Sales in China; Germany and Europe GDP; UK inflation; Luckin Coffee () Macy & # 39; s ( and ) Canopy Growth ( Revenue )
Thursday – US Retail Sales; Alibaba () JCPenney () Walmart ( and ) NVIDIA ( revenue )
Friday – US housing starts and construction permits