China Devalues Yuan, Greece Close to Bailout Deal, Shake Shack Soars

China is making moves to prop up its economy. The country devalued its currency, the yuan, overnight. A weaker currency would make its products cheaper to overseas buyers, like the United States, and could help boost its economy, In other international news, Greece says it has broadly agreed to the substance of a bailout deal with creditors. Towers Watson (TW) says reported a record year and strong quarterly results. It says its recent merger with Willis Group is being integrated nicely. Shake Shack (SHAK) reported its second quarter earnings fell to 1 point 1 million, or 8 cents a share, from 1 point 9 million a year ago. The Small Business Optimism Index for July rose. Also today, we will get the latest numbers on Second Quarter Productivity and June Wholesale Inventories.