US futures are indicating a slightly lower open as of 05:00 ET. European equities are lower, following modest overnight losses in Asia. The bond yield backup continues with 10-year yields pushing above 1.70%. China's Premier Li calls for stronger tax cuts to support the economy. Companies mentioned: ViacomCBS, AT&T (NYSE:T), Nexstar Media Group, Google (NASDAQ:GOOGL), Facebook (NASDAQ:FB)