The Dow Jones Industrial Average
The firm also said that its fear that the trade war will lead to a recession is growing.
Speaking of China, protesters in Hong Kong forced Hong Kong International airport to cancel flights due to disruption caused by demonstrators.
Residents of the financial hub are protesting a new law that would allow for the extradition of residents to mainland China. The protests have been ongoing for about two months, and have grown increasingly violent despite a police crackdown.
Finally, Viacom (VIAB) and CBS Corp (CBS) are expected to come to a merger agreement as soon as Monday, leading CBS shares higher as Viacom shares decline. The two media companies were once part of the same entity.
Shari Redstone, a veteran of both companies, is expected to be the chairperson for the combined group, with Viacom CEO Bob Bakish expected to become the CEO for both companies.
Dog Days of Summer: Why the Fed Must Continue Cutting Rates Now, According to This Veteran Trader
Ask the Expert: Cannabis One CEO Believes Now Is the Time to Invest in Cannabis
Ready to Retire: The Biggest Threat to Your Retirement? Check Your Basement
TheStreet Feature: Here's Something Investors May Be Missing About the Drone Revolution
Catch Up: Today's Top News Videos Below