Vodafone traded near the top of the European market Tuesday as the world's second-largest mobile phone company said it would slash costs and reorganize the ownership of its communications towers after disappointing investors with a move to freeze the company's dividend growth in order to focus on debt reduction following its $22 billion purchase of Liberty Global assets earlier this year.

Here's what you need to know for Wednesday, August 8.

U.S. stock futures point lower as investors await the next round of trade talks between the U.S. and China; Home Depot reports earnings; 'head tax' opposed by Amazon is passed in Seattle.

The Dow jumps over 180 points on Wednesday.

GDP shrank an annualized 1.6% in the first quarter, and some experts anticipate another drop in the second quarter.

The platform denies selling proprietary customer data and announces it is expanding into several European countries.