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Facebook stock sinks after bad report

Facebook stock dropped more than 20 percent Wednesday night after the company missed Wall Street's expectations for its second-quarter earnings. CNET senior producer Dan Patterson spoke to CBSN about Facebook's future. Patterson also threw cold water on a report that Twitter is "shadow banning" Republican accounts from its search bar, saying, "There's no data to back this up," and, "Let's not chalk up to conspiracy what can be chalked up to incompetence and bugs."

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Trump and EU easing trade tensions

President Trump and the European Union appear to be backing away from a trade war. Mr. Trump and European Commission President Jean-Claude Juncker agreed Wednesday to work toward eliminating tariffs, trade barriers and subsidies between the two economic giants. Ian Bremmer, Eurasia Group president and CBS News senior global affairs contributor, joins "CBS This Morning" to discuss why the tone has changed and how Mr. Trump's relationship with European leaders is still enormously damaged. He also addresses Mr. Trump's meeting with Russian President Vladimir Putin and the reality of broken relations between the two nations.

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