Investors Are Pulling Back From Recent Highs

This is what you need to know before the bell:

1. Investors pull back from recent highs amid thinning liquidity into the peak of the summer holidays and modestly weaker trade data from China.

2. CBS Corp. (CBS) - Get Report  on Monday, Aug. 3, said its digital subscription platforms will amass more than 4 million total subscribers in 2017. And COO Joseph Ianniello declared its 8 million subscriber goal by 2020 "conservative" on an investor conference call Monday.

3. InterContinental Hotels Group plc (IHG) - Get Report  shares fell the most in more than 10 months Tuesday after the Holiday Inn owner reported slower-than-expected second quarter revenue thanks in part to a drop in business travel. 

4.  Alphabet Inc.'s (GOOGL) - Get Report  Google has fired the employee that authored a controversial memo that suggested men were better suited for tech jobs than women.

5. U.S. stock futures pointed to a flat to lower open for Wall Street on Tuesday, Aug. 8, while European and Asian markets traded mixed following modestly weaker trade data from China.

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