Fleeting tariff relief; Germany's GDP; CBS-Viacom

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Today's top business headlines: - Trump delays tariffs on phones and toys from China - CBS and Viacom reunite in merger - 737 Max crisis could derail plans for '797' plane - Snapchat unveils redesigned spectacles sunglasses

London 1. No respite: Relief from the Trump administration's announcement that some tariffs on consumer goods exported from China will be delayed until December may have been short lived.

US stock futures point lower Wednesday following weak economic data out of Germany and China. The Dow could open down 200 points, or 0.8% lower. The Nasdaq could drop 0.9% and the S&P 500 could fall 0.8%.European markets dropped in early trading. Britain's FTSE 100 dipped 0.7%, while Germany's DAX shed 1.1%. Stocks in Asia finished higher, helped along by the US rally during the previous session. Japan's Nikkei rose 1%. Hong Kong's Hang Seng gained 0.

Wednesday — China retail sales; Germany and Europe GDP; UK inflation; Luckin Coffee , Macy's and Canopy Growth earningsFriday — US housing starts and building permits

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