In-depth analysis by Doug Kass.
The proposed combination likely will draw increased attention to the obliteration of traditional retail jobs that Amazon is leaving in its wake.
U.S. stock futures on Wednesday are flat to higher, while European shares gain ahead of U.K. elections and Thursday's ECB meeting.
Luxury goods could be a winner.
You won't hear much from the Federal Reserve in the coming days as officials enter a blackout period ahead of their June meeting the following week.