What to watch today: Stocks bounce, Trump jawbones China on trade, Supreme Court rules against Apple

What to watch today: Stocks bounce, Trump jawbones China on trade, Supreme Court rules against Apple  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  VIEW IN BROWSER | SUBSCRIBE TUE, MAY 14, 2019 MORNING SQUAWK U.S. stock futures point to gains at the Wall Street open but would only make up a fraction of Monday's steep losses. AS OF TUE, MAY 14, 2019 • 07:49 ET Dow Jones Fut 25,324.99 Current: 25,444.00 Change: 163.00 Impl. Open: 128.01 S&P 500 Fut 2,811.87 Current: 2,828.00 Change: 21.00 Impl. Open: 14.93 NASDAQ 100 Fut 7,324.13 Current: 7,387.75 Change: 73.00 Impl. Open: 53.62 Russell 2000 Mini 1,523.00 Current: 1,531.00 Change: 10.90 Impl. Open: 6.40 BY THE NUMBERS U.S. stock futures were pointing to gains at the Wall Street open, but those potential advances would only make up a fraction of Monday's steep losses related to the escalation of the U.S.-China trade war. (CNBC) * Cramer: Get ready to pull the trigger on these stocks 'We're almost in oversold territory' (CNBC) President Donald Trump said that Washington would know in "three or four weeks" whether talks with Beijing will prove successful in resolving their trade disputes. On Monday, China hiked tariffs in response to last week's move by the U.S. (CNBC) * China's Communist Party makes a flashy graphic to show everyone what it thinks (CNBC) * China's 'self-destructive nuclear option' in trade war: Selling US Treasury bonds (CNBC) On today's U.S. economic calendar, the government issues its April report on import and export prices at 8:30 a.m. ET. Meanwhile, Ralph Lauren (RL) are among the handful of companies releasing earnings this morning. Pot stock Tilray (TLRY) is out with quarterly results after the bell. (CNBC) * Oil prices jump as Saudi energy minister reports drone 'terrorism' against pipeline infrastructure (CNBC) * Bitcoin passes $8,000 as value more than doubles in 2019 (CNBC) Morgan Stanley upgraded shares of Coca-Cola (KO), saying the stock trades at a very attractive valuation based on its history and relative to likely better-than-expected earnings in coming years. (CNBC) IN THE NEWS TODAY Secretary of State Mike Pompeo will raise a host of issues dividing the U.S. and Russia, including Iran, Syria, and North Korea, when he meets today with Russian President Vladimir Putin in Sochi. (Washington Post) * White House reviews military plans against Iran, in Echoes of the Iraq War (NY Times) Attorney General William Barr has appointed a U.S. attorney to examine the origins of the Russia investigation and determine if intelligence collection involving the Trump campaign was "lawful and appropriate." (AP) Montana Gov. Steve Bullock announced today that he's seeking the 2020 Democratic presidential nomination. Among the crowded field, he's the only statewide elected official to win a state that Trump carried in 2016. (AP) An internal FAA review has tentatively determined that senior agency officials didn't participate in or monitor crucial safety assessments of a Boeing (BA) 737 Max flight-control system later implicated in two fatal crashes, The Wall Street Journal reports. Facebook (FB) could be subject to 20 years of government oversight as part of a potential deal with the U.S. government over privacy lapses. Such an agreement would resolve an investigation into whether the company violated a similar 2011 pact. (Reuters) * Facebook-owned WhatsApp confirms it's been targeted by spyware (FT) Firing back at Amazon (AMZN), Walmart (WMT) plans to spend $800 million to expand its next-day delivery, starting with starting today in Phoenix and Las Vegas, and then in Southern California over the next few days. (CNBC) The Supreme Court has ruled in a 5-4 decision against Apple (AAPL), saying iPhone users can pursue their antitrust lawsuit involving the tech giant's signature electronic marketplace, the App Store. (CNBC) Germany's Bayer was ordered by a Northern California jury to pay more than $2 billion to a couple who say they were diagnosed with cancer after using the company's glyphosate-based weedkiller Roundup. (CNBC) STOCKS TO WATCH Take-Two Interactive (TTWO) reported adjusted quarterly profit of 78 cents per share, 3 cents above estimates. However, revenue was below forecasts, and the company gave a weaker than expected outlook. Tencent Music (TME) reported a better than expected quarterly profit, although revenue slightly missed. The China-based music streaming service said its bottom line was helped by charging for a greater percentage of its content. CVS Health (CVS) will be involved in up to three days of hearings next month regarding its $69 billion merger with insurer Aetna. The deal has already closed, but still needs final court approval. T-Mobile (TMUS) and Sprint (S) are considering concessions to win approval for their planned $26.5 billion merger deal, according to a Bloomberg report, including a separation and sale of their pre-paid businesses. WATERCOOLER After a pair of exciting Game 7s on Sunday, the NBA Conference Finals are set and the action tips off tonight from Oakland, as the Golden State Warriors try to make it to their fifth straight NBA Finals. (USA Today) CONTRIBUTORS Matthew J. Belvedere @Matt_Belvedere Peter Schacknow @peterschack Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel   Digital Products Feedback Privacy Policy CNBC Events   © 2019 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS