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Premarket: Here's what you need to know before the bell



The electric carmaker said Wednesday that it lost $ 408 million over the three months ending in June, far worse than Wall Street had expected.

Tesla ( TSLA ) lost $ 702 million

] CEO Elon Musk also announced a key departure. J.B. Straubel, a founding member of the company, is stepping down from his role as chief technology officer and will become a senior advisor

"I think everyone was a bit surprised, we thought this could be a moment where Tesla makes some more positive news, "Jessica Caldwell, executive director of Insights at Edmunds, told CNN Business

2. Anheuser-Busch InBev ( ] UL ) Click to enlarge Click to enlarge reported.

Nokia shares shot up 8% after the Finnish telecom equipment maker said sales increased 7% in the second quarter.

It also said that "some customers are reassessing their vendors in light of security concerns," suggesting that it may be picking up 5G orders because of concerns about Chinese rival Huawei.

Anheuser-Busch InBev reported increased revenue and drinks volume. Budweiser, Stella Artois and Corona sales increased 8.5% globally.

The Volkswagen stock rose slightly in the first half of 201

9, despite a small drop in vehicle sales. Operating profit was up 1.9%.

Unilever results were gloomier. Sales growth missed analyst expectations, and the owner of Ben & Jerry's said the bad weather in Europe and North America had damaged the ice cream sales

3. Nissan job cuts: Nissan ( NSANF ) warned last quarter that it was at "rock bottom." It is even more clear that its problems are not going away anytime soon

Japan's second largest automaker said profits were almost completely wiped out in the first quarter of its fiscal year. Operating profit plunged 99% in the quarter compared to a year earlier. Revenue, meanwhile, dropped nearly 13%.

Nissan said it would slash roughly 12,500 jobs from its workforce worldwide. That's more than twice as many positions as the company was reportedly expecting to cut in May. It is also planning to reduce its product lineup and global production capacity by 10%.

4. Stimulus restart: Investors think the European Central Bank is preparing a new stimulus to help boost the region's flagging economy.

The central bank could provide answers on Thursday, when it reports its latest interest rate decision and outgoing President Mario Draghi gives a press conference.

Many investors expect the ECB to lay the groundwork for a September cut that would push its key lending rate further into negative territory. The central bank could also revive its bond-buying program.

The ECB has less room to maneuver than the US Federal Reserve, which is also expected to cut rates soon. (19659005) "The days of 'whatever it takes' are long gone," said Societe Generale strategist Kit Juckes. "Fiscal policy needs to engage."

5. Markets mixed: Stocks moved higher in Asia on Thursday. The Shanghai Composite rose 0.5%. Hong Kong's Hang Seng and Japan's Nikkei rose 0.2%. Seoul's Kospi bucked the trend, closing down 0.4% after North Korea fired two short-range missiles
In Europe, Britain's FTSE 100 advanced 0.3% and France's CAC 40 gained 0.6%
US stock futures point to a mixed open. The Dow ( DJIEW ) is set to open up 40 points, or 0.2%. The S & P 500 ( SPX ) is a little changed while the %. Amazon will report after the closing bell in New York

6. Coming this week:

Thursday – ECB rate decision; US durable goods; Anheuser-Busch InBev ] Amazon (19459006) Alphabet ] ] (19459005) (19459005) (19459005) Friday – US Q2 GDP; and Twitter (19459006) TWTR
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