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Here are five things you must know for Friday, Aug. 9: 

1. -- Stock Futures Fall on Shaky U.S.-China Trade Relations

U.S. stock futures declined Friday, shaving off gains from Thursday's rally on Wall Street, amid another round of grim economic data from China and a report that said Washington could delay licenses for American companies seeking to do business with China's Huawei Technologies.

Contracts tied to the Dow Jones Industrial Average fell 118 points, futures for the S&P 500 were down 15.35 points, and Nasdaq futures declined 54.25 points.

Bloomberg reported Friday the White House was prepared to delay awarding licenses to U.S. corporations wishing to do business with Huawei, the world's biggest handset marker, because of China's decision to suspend U.S. agricultural purchases. The report came just ahead of data showing Chinese factory gate prices fell for the first time in three years in July, suggesting companies were having to cut prices in order to deal with slowing exports and rising tariffs to U.S. markets.

China also pegged its yuan north of 7 for the second consecutive session, allowing it to trade past the psychologically import mark for the seventh day in a row, risking further ire from Donald Trump.

The economic calendar in the U.S. on Friday includes the Producer Price Index for July at 8:30 a.m. ET.

Earnings reports are expected Friday from Tidewater (TDW) - Get Tidewater Inc Report , E. W. Scripps (SSP) - Get E. W. Scripps Company Class A Report and Tribune Media (TRCO) - Get Tribune Media Co. Class A Report .

2. -- Uber Slides After $5.24 Billion Second-Quarter Loss

Uber Technologies (UBER) - Get Uber Technologies, Inc. Report  fell 8.87% to $39.16 in premarket trading Friday after the ride-hailing giant posted a second-quarter loss of $5.24 billion and cautioned that more red ink would follow in the months ahead.

Uber reported a loss of $4.72 a share vs. expectations that called for a loss $2.03. Revenue of $3.17 billion came in short of estimates of $3.313 billion. Revenue grew just 14% from the year-earlier quarter, Uber's smallest quarterly increase on record.

Looking into 2019, Uber said increased spending and expansion costs likely will mean the company posts a full-year loss of between $3 billion and $3.2 billion, but nonetheless sees gross bookings, which topped 100 million monthly active users in the second quarter, rising to an estimated range of between $65 billion and $67 billion.

"While you often have to make trade-offs in life, we believe that we can continue to invest aggressively and grow while driving efficiencies from scale by building great tech to improve effectiveness and from good old-fashioned focus on the bottom line," CEO Dara Khosrowshahi told investors on a conference call.

"I think we're very, very early in this incredible journey," Khosrowshahi said on the call.

Uber rival Lyft (LYFT) - Get Lyft, Inc. Class A Report closed with a gain of 3% to $62.10 in trading Thursday after posting a narrower-than-expected second-quarter loss and lifting its full-year revenue forecast. In premarket trading Friday, Lyft was down 0.27% to $61.93.

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3. -- Activision Slips on Weak Third-Quarter Earnings and Revenue Forecasts

Activision Blizzard (ATVI) - Get Activision Blizzard, Inc. Report  posted better-than-expected second-quarter results but the videogame maker's third-quarter earnings and revenue forecasts came up shy of analysts' estimates.

Adjusted earnings in the second quarter were 53 cents a share, topping forecasts of 26 cents, and revenue of $1.4 billion beat Wall Street estimates of $1.19 billion. Bookings in the second quarter were $1.21 billion compared with $1.38 billion a year earlier.

The company, which has developed the "Call of Duty," "Candy Crush" and "Warcraft" franchises, said it expects adjusted earnings in the third quarter of 20 cents a share, well below forecasts of 40 cents. Activision forecast third-quarter adjusted revenue of $1.1 billion, below estimates of $1.36 billion.

"In the first half of 2019 we have prioritized investments in our key franchises and, beginning in the second half of this year our audiences will have a chance to see and experience the initial results of these efforts," said CEO Bobby Kotick in a statement.

Activision raised its adjusted profit forecast for the fiscal year to $2.15 a share from previous guidance of $2.10 and reaffirmed revenue expectations of $6.3 billion. 

The stock was down 1.05% to $48.81 in premarket trading.

4. -- Symantec's Enterprise Business Sold to Broadcom for $10.7 Billion

Symantec's  (SYMC) - Get Symantec Corporation Report  enterprise business will be acquired by Broadcom (AVGO) - Get Broadcom Inc. Report for $10.7 billion in cash.

"M&A has played a central role in Broadcom's growth strategy and this transaction represents the next logical step in our strategy," said Broadcom CEO Hock Tan.

Symantec rose 1.22% to $23.20 in premarket trading. Broadcom fell 0.34% to $270.05.

Symantec shares had jumped 12.3% in the regular session on Thursday, about a month after a deal to fully merge the two companies fell through. 

The announcement of the acquisition came just after Symantec reported quarterly earnings.

Symantec posted fiscal first-quarter earnings of 43 cents a share as revenue rose 7% to $1.25 billion. Analysts had been calling for earnings of 32 cents a share on revenue of $1.19 billion.

5. -- Facebook Reportedly Offering News Outlets 'Millions' for Content

Facebook (FB) - Get Meta Platforms Inc. Class A Report will offer news outlets millions of dollars for the rights to put their content in a news section that the social media giant hopes to launch later this year, The Wall Street Journal reported, citing people familiar with the matter.

Representatives from Facebook have told news executives they would be willing to pay as much as $3 million a year to license headlines and previews of articles from news outlets, the people told the Journal.

The outlets pitched by Facebook on its news tab include Walt Disney's (DIS) - Get Walt Disney Company Report ABC News, Wall Street Journal parent Dow Jones, The Washington Post and Bloomberg, the people said.

Facebook's plans come as the company is facing growing criticism for its role in the news industry's struggles by attracting much of the advertising revenue that used to go to newspapers, the Journal noted. Combined, Facebook and Alphabet's (GOOGL) - Get Alphabet Inc. Class A Report earned 60% of all digital advertising revenue in the U.S. last year, according to eMarketer.

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