Here are five things you must know for Monday, Aug. 12: 

1. -- Stock Futures Fall on Trade Tensions

U.S. stock futures were lower Monday as fears of a global recession weighed on investors amid uncertainty over the trade conflict between the U.S. and China.

Contracts tied to the Dow Jones Industrial Average declined 183 points, futures for the S&P 500 fell 21.20 points, and Nasdaq futures were down 60.25 points.

U.S. stocks closed lower on Friday after Donald Trump said he wasn't ready to reach a trade deal with China and that it would be "fine" if trade talks don't take place next month.

Shares in China on Monday rose 1.45% - the most in more than a month - after China's central bank set the yuan at a stronger-than-expected 7.0211 to the dollar. Last, week China let the yuan slip through 7 to the lowest levels against the dollar in more than a decade.

The economic calendar in the U.S. on Monday is bare. The Consumer Price Index will be released Tuesday, with Retail Sales set for Thursday and Housing Starts and Consumer Sentiment to be issued on Friday. 

2. -- Goldman Sachs Says Recession Fears Rising Amid U.S.-China Trade War

Goldman Sachs said fears that the U.S.-China trade war will lead to a recession have been increasing, and it doesn't expect a trade deal between the world's two largest economies before the U.S. presidential election in 2020.

"We expect tariffs targeting the remaining $300bn of US imports from China to go into effect," the bank said in a note sent to clients.

Donald Trump announced on Aug. 1 that the United States would levy 10% tariffs on Sept. 1 on an additional $300 billion of Chinese imports in a bid to push Beijing to reduce its huge trade imbalance with the U.S. The threat from Trump prompted China to halt purchases of U.S. agricultural products.

The U.S. last week also declared China a currency manipulator. The People's Bank of China said the designation of China as a currency manipulator seriously harms international rules, and vowed not to use the yuan as a tool in its ongoing trade dispute with Washington.

Goldman Sachs lowered its forecast for U.S. growth in the fourth quarter by 20 basis points to 1.8% on a larger-than-expected impact from the trade developments.

"Overall, we have increased our estimate of the growth impact of the trade war," Goldman Sachs said.

3. -- Walmart, Cisco and Nvidia Report Earnings This Week

Earnings reports are expected Monday from Sysco (SYY) - Get Report , Array Biopharma (ARRY) - Get Report and Greenlane Holdings (GNLN) - Get Report . Reports are expected later in the week from Walmart (WMT) - Get Report , Cisco Systems (CSCO) - Get Report , Nvidia (NVDA) - Get Report , Alibaba (BABA) - Get Report , Macy's (M) - Get Report , Applied Materials (AMAT) - Get Report and Deere (DE) - Get Report .

Cisco and Nvidia are holdings in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells CSCO or NVDA? Learn more now.

4. -- BlackRock Takes $875 Million Stake in Authentic Brands

BlackRock  (BLK) - Get Reportwill take a stake of about $875 million in Authentic Brands Group, the company that owns brands such as Sports Illustrated, Nine West and Aeropostale.

With the investment, BlackRock becomes the largest shareholder of Authentic Brands. The deal values the closely held brand development, marketing and entertainment company at more than $4 billion including debt, The Wall Street Journal reported, citing people familiar with the matter.

BlackRock announced the deal Sunday, confirming the Journal report, but didn't disclose details including the size of the investment. It's the first deal for BlackRock's new private-equity fund.

BlackRock will replace private-equity firm Leonard Green & Partners as Authentic Brands' largest shareholder. Leonard Green and other shareholders will remain invested but will sell down their stakes to make room for BlackRock, the Journal reported.

BlackRock is the the world's biggest money manager.

5. -- Inspector General's Office to Investigate Death of Jeffrey Epstein

The Justice Department's inspector general is investigating the death of disgraced financier Jeffrey Epstein, who was found dead in a Manhattan jail on Saturday while awaiting trial on sex-trafficking charges.

Epstein, 66, reportedly was found unresponsive in his jail cell at about 6:30 a.m. ET on Saturday.

"Today's events are disturbing, and we are deeply aware of their potential to present yet another hurdle to giving Epstein's many victims their day in Court. To those brave young women who have already come forward and to the many others who have yet to do so, let me reiterate that we remain committed to standing for you, and our investigation of the conduct charged in the Indictment - which included a conspiracy count - remains ongoing," said the Manhattan U.S. Attorney's Office, following the death.

The Associated Press reported late Sunday that guards on Epstein's unit were working extreme overtime shifts to make up for staffing shortages the morning of Epstein's apparent suicide. The Associated Press cited a person familiar with the jail's operations.

The person said that the Metropolitan Correctional Center's Special Housing Unit was staffed with one guard working a fifth straight day of overtime and another who was working mandatory overtime. 

Attorney General William Barr was "livid" to learn about Epstein's death, telling staffers he is determined to get to the bottom of what happened, a person familiar with the matter told The Wall Street Journal.

Epstein was arrested July 6 after federal prosecutors in Manhattan indicted him on two counts related to sex trafficking of minors, which together carry a maximum sentence of 45 years in prison. Specifically, Epstein was accused of orchestrating a years-long sex-trafficking operation in which he and his associates lured dozens of girls, some as young as 14 years old, to his homes in New York and Florida.